Regular Savings Accounts: The Best Currently Available List!

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2) no longer on the Monmouthshire website anywhere and this link I had no longer works, so I think the account has been withdrawn and I have removed the entry from page 1 of this thread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

donglemouse

just to note for whatever reason residents of Northern Ireland aren't able to apply for the Nationwide BS Start to Save not sure why as I've had accounts with them in the past so the no Northern Ireland seem to be a recent thing?

wmb194

donglemouse said:

just to note for whatever reason residents of Northern Ireland aren't able to apply for the Nationwide BS Start to Save not sure why as I've had accounts with them in the past so the no Northern Ireland seem to be a recent thing?

It's to do with Northern Ireland's gambling/lottery laws. I forget them now but I vaguely remember that accounts at other providers have fallen foul of this, too. Anyway, from the terms:

"You can’t keep your Start to Save account if you live in Northern Ireland because of the law governing prize draws in that country. If that law changes, we may change this."