Regular Savings Accounts: The Best Currently Available List!

what7

I'm trying to wait it out until next FY, my forecast for next year is already over £1000 allowance 

colsten

glider3560 said:

colsten said:

Saffron's system allows you to open more than one of their regular savers. They do do manual checks, however, so they catch up with you eventually, close any duplicates and return your funds. A proper Baldrick plan experience 🤣

Do they pay interest for the period of time they had your cash?

I don't believe they do. They just return your deposits.

Frogletina

what7 said:

I'm trying to wait it out until next FY, my forecast for next year is already over £1000 allowance 

Mine is already over £1000 too, but I figure it's worth it as paying tax on 1% interest is still better that untaxed interest on 0.50% in my feeder account.

SFindlay

SS2 potentially for weekend update to page 1 I see you have notes for Principality RS 24 saying 13th payment will be returned and linked to an old thread.

I accidentally made a 13th payment to RS issue 21 on 1st February which is due to mature at end of this month, the payment has not been returned which I would expect it to have been done by now if still not allowing 13th payment as in past I've accidentally paid my £500 in twice and it was returned within a couple of days. 

eddie7612

SFindlay said:

SS2 potentially for weekend update to page 1 I see you have notes for Principality RS 24 saying 13th payment will be returned and linked to an old thread.

I accidentally made a 13th payment to RS issue 21 on 1st February which is due to mature at end of this month, the payment has not been returned which I would expect it to have been done by now if still not allowing 13th payment as in past I've accidentally paid my £500 in twice and it was returned within a couple of days. 

Principality accounts generally have a max deposit limit, did you pay in the maximum each month? I had one where I paid in less in a couple of months which then allowed me to make a 13th deposit (had the spare cash by the time the 13th month came around).

SFindlay

eddie7612 said:

SFindlay said:

SS2 potentially for weekend update to page 1 I see you have notes for Principality RS 24 saying 13th payment will be returned and linked to an old thread.

I accidentally made a 13th payment to RS issue 21 on 1st February which is due to mature at end of this month, the payment has not been returned which I would expect it to have been done by now if still not allowing 13th payment as in past I've accidentally paid my £500 in twice and it was returned within a couple of days. 

Principality accounts generally have a max deposit limit, did you pay in the maximum each month? I had one where I paid in less in a couple of months which then allowed me to make a 13th deposit (had the spare cash by the time the 13th month came around).

Yeah opened 25th February with maximum £250 and thereafter maximum on 1st March and 1st of every month since including this month giving a balance of £3250. Fully expected it to be returned within  a day or so when I realised what I had done but no its still sitting there. 

polymaff

A fully, just about optimally funded Principality RS20 returned £6,574.40 on 30/12/20, so there doesn't seem to have been any penalty or loss of interest for 13 payments, then, I think.  Hope that that continues...

adindas

Halifax Regular saver

https://www.halifax.co.uk/savings/fixed-term/regular-saver.html
"Can I withdraw money?
No. You can't access your savings unless you’re closing the account. You can close it before the end of 12 months."

Even though it is only paying 1.0% but the main advantage of this AC is that you could access it anytime you need it. Eventhough it is weekend your transfer is still instant, as it is an internal transfer (?) among LBG banking ACs. Also the banking platforms for BOS&HLX and LLoyds bank are seperate, so if one platforms is down you still have an option to access your money instantly from another platform. So, IMO, 4RSs in LBG are good complement of the LBG current account paying 0.6% for instant access.

My Question here regarding Halifax RSA is that If you close it before maturity because you want to withdraw the money, could you reopen a new one on the following day after the cancelation is confirmed or it will need to wait at least one year before you could open another RSA with Halifax? Thanks

Gers

adindas said:

My Question here regarding Halifax RSA is that If you close it before maturity because you want to withdraw the money, could you reopen a new one on the following day after the cancelation is confirmed or it will need to wait at least one year before you could open another RSA with Halifax? Thanks

I got this message from Halifax about my RS maturing in April - though they call it Everyday Saver in the letter, no idea why:

If you renew your Everyday Saver, you will get the interest rate available on the date your renewed account starts, which may be different to your current rate. Preferential interest rates may be available from time to time.

Seems you can renew but not at the current interest rate.

wiseonesomeofthetime

@adindas would not be renewing, as they would have closed the previous one early, they would be taking a brand new product out, at the rate and T&C of that new product.

I see no reason why you could not do what you have proposed.