Regular Savings Accounts: The Best Currently Available List!

happybagger

what7 said:

Does anyone know if these bank/bs are accepting postal application due to COVID ?????

West Bromwich BS Adult's Fixed Rate Regular Saver (Issue 4)

Definitely not. Had a disappointing discussion with their CS about this a few weeks ago, referring to government restrictions and their encouragement (and insistence) on using branches, and this was despite being a member of 25 years.
By the end of the conversation CS were left without any doubt how "disappointed" I was in their policy and attitude.

what7

finance4all said:

what7 said:

Does anyone know if these bank/bs are accepting postal application due to COVID ?????

Kent Reliance Regular Savings (Issue 6)

Interest rate: 1% gross p.a. variable from 11th December 2020

Monthly payment: £25-£500

Miss any payments: No, the terms and conditions say they may close the account if you stop making regular payments

Penalty-free withdrawals: Yes, as many as you want.

Age of applicant: No minimum age (adults can open the account on behalf of a child)

How to open account: Branch only

Special conditions: Maximum balance £6,000.

They used to do it around a month ago. I contacted them because it wasn't clear if you will have to visit a branch at some point, but I didn't get a clear answer. 

So you managed to open one via post?

finance4all

what7 said:

So you managed to open one via post?

I didn't after all. I was afraid it will take forever, sending proofs etc.

Is anyone having RS with Stafford Railway BS? It looks like a really good option. I asked them about society year and it starts on the 1st November and ends 31st October

bristolleedsfan

what7 said:

Considering I am getting 0.778% with BOS Lloyds current account.

For now .........

happybagger

finance4all said:

Is anyone having RS with Stafford Railway BS? It looks like a really good option. I asked them about society year and it starts on the 1st November and ends 31st October

I've got one, had it from early on as an existing customer. Though I did it on branch visit before government restrictions.
Good customer service; they sent out a SAE "for the next time" after I made a withdrawal, despite them stating you run it by post 'at your own cost'. And nice staff. 4 withdrawals a year and a deposit limit of £500 per month make it a good account imo.

@Special_Saver2:
There are 4 withdrawals p/a permitted, not 3 as per your info on p1
And as @finance4all says, they Society year-end is 31 October.

what7

bristolleedsfan said:

what7 said:

Considering I am getting 0.778% with BOS Lloyds current account.

For now .........

Glass half empty

Special_Saver2

Hi Folks,

Here is this weekend's update to this thread.

- Halifax, Bank of Scotland and Lloyds regular savers that were all paying 1% now paying 0.75% for accounts opened now so I have removed them from the first page of this thread as they no longer meet the criteria for inclusion in this thread
- Lloyds Club Lloyds Monthly Saver (which is the one that requires you have a Club Lloyds current account) interest rate dropped from 1.5% to 1% for accounts opened now; this account still meets the criteria for inclusion in this thread so I have updated the entry in post 6 accordingly

In my last post last weekend, I had written that the Virgin Money Home Buying Coach Regular Saver issue 4 was replaced with issue 5. This was incorrect - issue 3 was replaced with issue 4. I had correctly updated from issue 3 to issue 4 on the first page of this thread last weekend but got the numbering wrong on my post where I summarised the updated changes. Apologies for that.

Many thanks to all the people who continue to make useful contributions to this thread.

I will do the next update next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

[Deleted User]

I am sorry to bring this up again as I know it  is annoying to many readers, but is anyone else with more than one Coventry BS Regular Saver still not received the letter about closing accounts? I haven't received mine yet and am wondering if I should stop paying into the accounts but I don't know which one(s) will be left unaffected. 

Usa2019

I haven't received anything but then again I didn't apply issue 5.

Carry on what you doing until you get something

SFindlay

Deleted_User said:

I am sorry to bring this up again as I know it  is annoying to many readers, but is anyone else with more than one Coventry BS Regular Saver still not received the letter about closing accounts? I haven't received mine yet and am wondering if I should stop paying into the accounts but I don't know which one(s) will be left unaffected. 

Don't apologise, forum is for everyone's and its a relevant point so tough if it's not valid to some!! 

Bottom line is you haven't had any notification (and may never get any) so keep paying in to them and make the most of what you can whilst you can.

Also don't think opening issue 5 has any bearing on getting notification.