Regular Savings Accounts: The Best Currently Available List!

where_are_we

YBS announced a reduction of monthly saver interest rates on 18/3/20 with new interest rates from 5/4/20 - MS 2% down to

1.5%, MS2 2.5% down to 2% and MS3 2.1% down to 1.6%. Their email today has a link giving MS interest rates with no mention of the above reduction happening on 5/4/20 and gives the impression that the MS 2%, MS2 2.5% and MS3 2.1% interest rates apply until 20/4/20. A double reduction announcement in interest rates in less than a fortnight is not a good way to treat customers, especially not by giving correct up to date information . Regular savers have been the last comparatively safe haven for reasonable savings interest rates -  further erosion is only a matter of time. Stay safe everyone!   

dcs34

where_are_we said:

YBS announced a reduction of monthly saver interest rates on 18/3/20 with new interest rates from 5/4/20 - MS 2% down to

1.5%, MS2 2.5% down to 2% and MS3 2.1% down to 1.6%. Their email today has a link giving MS interest rates with no mention of the above reduction happening on 5/4/20 and gives the impression that the MS 2%, MS2 2.5% and MS3 2.1% interest rates apply until 20/4/20. A double reduction announcement in interest rates in less than a fortnight is not a good way to treat customers, especially not by giving correct up to date information . Regular savers have been the last comparatively safe haven for reasonable savings interest rates -  further erosion is only a matter of time. Stay safe everyone!   

On the basis that the latter announcement supersedes the first, I expect everyone to check any interest earned between 05/04/20 and 09/04/20 is being paid at 2.5%/2.1% - and submit complaints if not! 

glider3560

colsten said:

That's my YBS issue 3 closing on April 20. 1% in a Regular Saver is an insult.

Indeed.  My YBS AGM voting pack came today.  You have to maintain a balance of £100 on 28th April in order to vote.  I'll be drawing out all but £100 on the 20th April, then the remainder on 29th April, just to express my dissatisfaction through the ballot box.

typistretired

glider3560 said:

colsten said:

That's my YBS issue 3 closing on April 20. 1% in a Regular Saver is an insult.

Indeed.  My YBS AGM voting pack came today.  You have to maintain a balance of £100 on 28th April in order to vote.  I'll be drawing out all but £100 on the 20th April, then the remainder on 29th April, just to express my dissatisfaction through the ballot box.

I voted online last Friday 27th March 2020.  The logging on codes were sent to me in an email.  You could vote online too.

glider3560

typistretired said:

glider3560 said:

colsten said:

That's my YBS issue 3 closing on April 20. 1% in a Regular Saver is an insult.

Indeed.  My YBS AGM voting pack came today.  You have to maintain a balance of £100 on 28th April in order to vote.  I'll be drawing out all but £100 on the 20th April, then the remainder on 29th April, just to express my dissatisfaction through the ballot box.

I voted online last Friday 27th March 2020.  The logging on codes were sent to me in an email.  You could vote online too.

Even if you've voted online, you still need a balance of at least £100 on 28th April for your vote to actually count.

kuepper

The First Direct Reg Saver info is wrong re special conditions wrt current account (tho on temp hold anyway because of cv19) there is no fee

kuepper

I am thinking of opening a Virgin Regular Saver which ends on 20/4/21 but not clear what constitutes a 'month' as in you can pay in up to £250 per 'month'. eg if I opened one tonight 31/3/20 with £250 when could I next pay in / how could I maximise what I pay in by 20/4/21?

arsenalboy

colsten said:

That's my YBS issue 3 closing on April 20. 1% in a Regular Saver is an insult.

in 3 months time it might be a fantastic rate!:p

Wheres_My_Cashback

kuepper said:

I am thinking of opening a Virgin Regular Saver which ends on 20/4/21 but not clear what constitutes a 'month' as in you can pay in up to £250 per 'month'. eg if I opened one tonight 31/3/20 with £250 when could I next pay in / how could I maximise what I pay in by 20/4/21?

Per Calendar Month. Open and fund today with £250 and you can also fund tomorrow with another £250

kuepper

Wheres_My_Cashback said:

kuepper said:

I am thinking of opening a Virgin Regular Saver which ends on 20/4/21 but not clear what constitutes a 'month' as in you can pay in up to £250 per 'month'. eg if I opened one tonight 31/3/20 with £250 when could I next pay in / how could I maximise what I pay in by 20/4/21?

Per Calendar Month. Open and fund today with £250 and you can also fund tomorrow with another £250

I'd like to think so! but I couldn't see that in the t&c