Regular Savings Accounts: The Best Currently Available List!

typistretired

They state in the letter which ones they are closing. You will be okay with the May maturity one probably close 4 and 5 as they keep open the oldest

Every_Penny_Counts

Re HSBC Regular Saver

Can you make a 13th payment into the account?  I've just reached the £3k, but it isn't due to mature until 13th May, so could make another payment.

Thanks

EPC

typistretired

No - maximum £3000

Every_Penny_Counts

typistretired said:

No - maximum £3000

Excellent, thank you

Kimblesrocks7

I have a few regular savings going on but is it worth just putting a lump sum in a fixed rate bond for 1 or 2 years rather than drip feeding upteen accounts? Thanks.

colsten

Kimblesrocks7 said:

I have a few regular savings going on but is it worth just putting a lump sum in a fixed rate bond for 1 or 2 years rather than drip feeding upteen accounts? Thanks.

Totally depends on your requirements.

Eco_Miser

Kimblesrocks7 said:

I have a few regular savings going on but is it worth just putting a lump sum in a fixed rate bond for 1 or 2 years rather than drip feeding upteen accounts? Thanks.

Depends entirely on what rates you can get. If I could get fixed rate fixed term bonds at noticeably  better rates than the easy access regular savers I use, and had the spare lump sum to put in them, I would.

Kimblesrocks7

Thanks All. My regular savers are 1% but found a fixed bond for 0.77% so would putting about £3,000 in that be worth it?

colsten

Use the MSE RS calc to work it out: https://www.moneysavingexpert.com/savings/best-regular-savings-accounts/

Special_Saver2

Hi Everybody,

Here is this weekend's update to this thread.

- Progressive BS Children's Clockwork Regular Saver (Issue 1) account entry updated to show interest rate reduced from 1.75% to 1.5%

- Monmouthshire BS First Home Bonus Saver (Issue 2) no longer on the Monmouthshire website anywhere and this link I had no longer works, so I think the account has been withdrawn and I have removed the entry from page 1 of this thread

- Nationwide BS Start to Save account added to post 3. Although this pays 1% variable interest, it gets on to the list as the account matures after 24 months. It also allows unlimited penalty-free withdrawals, no stated penalties for missing any monthly payments, and you get entered into a prize draw once every 3 months to win £100 up to 21st October 2021. I am an existing Nationwide customer and I have just opened one online within the space of a few minutes after logging in to my internet banking. It is showing up on my internet banking straight away. I should warn you that the applications process insists on asking you what your job is and how much you earn per year.

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