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Regular Savings Accounts: The Best Currently Available List!

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  • JezR
    JezR Posts: 1,698 Forumite
    Part of the Furniture 1,000 Posts
    edited 31 March 2020 at 2:41PM
    Worth mentioning in passing maybe in case notification has gone astray for anyone that still has the Chelsea Regular Saver from many years back, which was open-ended and had a max monthly deposit limit of £2000, the interest rate on this has been cut twice to only 0.5% in a few days time (already down to 1%). This was before the latest base rate cut so it may go down again.
  • MDMD
    MDMD Posts: 1,554 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper
    apt said:
    Swingeing further cuts on YBS monthly savers. Issue 2 now 1.30% others 1%.
    Can you tell me what the Monthly Regular Saver and the Monthly Regular Saver Issue 3 will be, or are they both going down to 1%?

    Link to the pdf on the email with new lower rates

    https://www.ybs.co.uk/pdf/YBM11671-20420.pdf

  • SFindlay
    SFindlay Posts: 393 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    schiff said:
    I set out a dummy transfer, and it looks as if you can.
    Yorkshire BS

    Was that dummy transfer for the full balance as my accounts show the available balance as £10 less than the true balance? 
  • typistretired
    typistretired Posts: 2,099 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Best either sending a secure message or telephoning them so the interest can be added on closure. 
    "Look after your pennies and your pounds will look after themselves"
  • george4064
    george4064 Posts: 2,928 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    afis1904 said:
    I know it's not technically a regular saver but does anyone know when the interest rate on the Nat West Savings builder is going to decrease to 1%?
    Hadn't seen that was going down!  Where did you hear that?  
    Looks like the BoS and Lloyds 1% current accounts will be making a comeback  :D
    I also hold this account and haven't been notified of any interest rate change..
    "If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett

    Save £12k in 2025 - #024 £1,450 / £15,000 (9%)
  • afis1904
    afis1904 Posts: 348 Forumite
    100 Posts First Anniversary Name Dropper
    afis1904 said:
    I know it's not technically a regular saver but does anyone know when the interest rate on the Nat West Savings builder is going to decrease to 1%?
    Hadn't seen that was going down!  Where did you hear that?  
    Looks like the BoS and Lloyds 1% current accounts will be making a comeback  :D
    I also hold this account and haven't been notified of any interest rate change..
    I've found it now, Nat West has apparently told the Daily Mail they'll drop it to 1% on April 20th

    https://www.google.com/amp/s/www.thisismoney.co.uk/money/news/article-8110675/amp/Banks-withdraw-savings-accounts-base-rate-cut-record-low.html
  • surreysaver
    surreysaver Posts: 4,808 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    schiff said:
    apt said:
    Swingeing further cuts on YBS monthly savers. Issue 2 now 1.30% others 1%.
    I wonder if its worth keeping them open in case interest rates go back up?
    I will probably keep Issue 2 as 1.3% is better than where the withdrawal would go; probably close the other once the 1.6% runs out 
    That's what I will do.  Although it is a risk - the interest rate could go back up, or the interest rate of where the money goes could go down!  I have a Kent Reliance Easy Access Account which is paying 1.3% - but that's variable rate, so could go down in the near future.
    I consider myself to be a male feminist. Is that allowed?
  • Looks like I'll be closing all three RS come 20/04.
    Can't see the point in keeping any open as if rates do increase it won't be for a good 6 months yet and will probably be a max of 0.25%. By that time some peoples RS would have already matured and others could have found/already have higher paying accounts elsewhere.
  • surreysaver
    surreysaver Posts: 4,808 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    afis1904 said:
    afis1904 said:
    I know it's not technically a regular saver but does anyone know when the interest rate on the Nat West Savings builder is going to decrease to 1%?
    Hadn't seen that was going down!  Where did you hear that?  
    Looks like the BoS and Lloyds 1% current accounts will be making a comeback  :D
    I also hold this account and haven't been notified of any interest rate change..
    I've found it now, Nat West has apparently told the Daily Mail they'll drop it to 1% on April 20th

    https://www.google.com/amp/s/www.thisismoney.co.uk/money/news/article-8110675/amp/Banks-withdraw-savings-accounts-base-rate-cut-record-low.html
    Don't think telling the Daily Mail counts for telling their customers!  They've got six days to tell me, otherwise they're in breach of contract.
    I consider myself to be a male feminist. Is that allowed?
  • vernall
    vernall Posts: 560 Forumite
    Part of the Furniture 100 Posts Name Dropper
    SFindlay said:
    schiff said:
    I set out a dummy transfer, and it looks as if you can.
    Yorkshire BS

    Was that dummy transfer for the full balance as my accounts show the available balance as £10 less than the true balance? 
    I have always noticed my balances are always £10 out.....any idea why?
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