Regular Savings Accounts: The Best Currently Available List!

1882

where_are_we said:

New 1.52% RS! Monmouthshire building society - "Existing Member Regular Saver Bond Issue1", Fixed interest rate 1.52%,.£300/month max, £3600 annual max, no withdrawals without loss of interest, rate effective 25/8/21, only one account per person and maturity after 1 year.

To be eligible to open the account you must hold an open personal savings or mortgage account with the Monmouthshire Building Society at the time of application.

Available in England and Wales.

I didn`t realise they discriminated against our friends in Scotland and Northern Ireland!

Available in England and Wales doesn't mean people in Scotland can't open one. For example Coca Cola is available in the USA and France doesn't mean it's not available in the UK.

I carefully read the summary box and the terms & conditions and no mention of any geographical restrictions is there so I've opened one and funded it despite having the audacity to live in Scotland.

SFindlay

1882 said:

where_are_we said:

New 1.52% RS! Monmouthshire building society - "Existing Member Regular Saver Bond Issue1", Fixed interest rate 1.52%,.£300/month max, £3600 annual max, no withdrawals without loss of interest, rate effective 25/8/21, only one account per person and maturity after 1 year.

To be eligible to open the account you must hold an open personal savings or mortgage account with the Monmouthshire Building Society at the time of application.

Available in England and Wales.

I didn`t realise they discriminated against our friends in Scotland and Northern Ireland!

Available in England and Wales doesn't mean people in Scotland can't open one. For example Coca Cola is available in the USA and France doesn't mean it's not available in the UK.

I carefully read the summary box and the terms & conditions and no mention of any geographical restrictions is there so I've opened one and funded it despite having the audacity to live in Scotland.

I've spoken with Monmothshire before and it's only their mortgage products that restricted to England and Wales not their savings products. 

hgt

Daliah said:

Apologies if this has already been posted but I couldn't see any mention.

Newcastle Regular Saver 2% AER, £200 max/mth, matures 22 September 2022. Apply in Branch only.

https://www.newcastle.co.uk/savings/regular-saver/newcastle-regular-saver-(1)

Somebody did mention this in this thread a couple of weeks back - that's how I found out about it and opened one. 

But to be honest you'd never find anything in amongst all the Monmouthshire BS chatter in this thread!

The Newcastle RS is a good account if you're local. As I was an existing customer I called my branch to make an appointment to open one of these, I got the impression they didn't really want people turning up at branch to open accounts, so they popped an application form in the post for me. All opened and all very efficient. 

Daliah

hgt said:

But to be honest you'd never find anything in amongst all the Monmouthshire BS chatter in this thread!

You found mine and I found yours, despite the Monmouthshire chatter, so things aren't quite this bad 

Surely it is normal that a given account draws more comments at times than others? 

adindas

My Cambridge Loyalty Regular Saver will end in the Middle of September.

What is the easiet way to close the old one and open the new one ??

Could we do the following ?

Wait until it changes to easy saver and do faster payment to extenal current.

Complte the new appication form to open the new one ?

Thanks

veryintrigued

adindas said:

My Cambridge Loyalty Regular Saver will end in the Middle of September.

What is the easiet way to close the old one and open the new one ??

Could we do the following ?

Wait until it changes to easy saver and do faster payment to extenal current.

Complte the new appication form to open the new one ?

Thanks

This is one where they allow to keep the same account details.

Hence no need to cancel any standing orders.

Message them.  They are fantastic

[Deleted User]

adindas said:

My Cambridge Loyalty Regular Saver will end in the Middle of September.

What is the easiet way to close the old one and open the new one ??

Could we do the following ?

Wait until it changes to easy saver and do faster payment to extenal current.

Complte the new appication form to open the new one ?

Thanks

It's very easy. If you go online you can enter your maturity instructions on an online form. This allows you to direct £100 of your maturity proceeds on the maturity date as the first monthly payment into a new Loyalty Saver (the new account will keep the same number as the old one), with the balance of the maturity proceeds being  paid out to your external account. You don't need to cancel your SO (unless you've already done so, as I had) and set it up again, but you'll need to amend it to make sure that it doesn't pay out in the maturity month.

You don't need a new application form for the new Loyalty Saver if done as above.

Growingold

Deleted_User said:

adindas said:

My Cambridge Loyalty Regular Saver will end in the Middle of September.

What is the easiet way to close the old one and open the new one ??

Could we do the following ?

Wait until it changes to easy saver and do faster payment to extenal current.

Complte the new appication form to open the new one ?

Thanks

It's very easy. If you go online you can enter your maturity instructions on an online form. This allows you to direct £100 of your maturity proceeds on the maturity date as the first monthly payment into a new Loyalty Saver (the new account will keep the same number as the old one), with the balance of the maturity proceeds being  paid out to your external account. You don't need to cancel your SO (unless you've already done so, as I had) and set it up again, but you'll need to amend it to make sure that it doesn't pay out in the maturity month.

You don't need a new application form for the new Loyalty Saver if done as above.

EXACTLY and no trouble.  Just fill in your maturity instructions as Hattie625 said.

Special_Saver2

Hi Everybody,

Apologies for the gap since the last update. I have just done this weekend's update. Many thanks to people who posted about new accounts that have become available.

- Added Skipton BS Existing Member Regular Saver Bond (Issue 1) and Online Existing Member Regular Saver Bond (Issue 1) - paying 3.5% on up to £250 per month for 12 months for people who were members bon 16th August 2021
- Ipswich BS Suffolk Regular Saver replaced with 1 Year Regular Saver (which matures on 30th November 2022 so over a year if you open one now) paying 1% fixed on up to £250 per month for existing members and locals only
- Added Monmouthshire BS Existing Member Regular Saver Bond (Issue 1) paying 1.52% fixed on up to £300 per month for 1 year for existing members with no withdrawals until account maturity date
- Added Newcastle BS Fixed Regular Savings Account paying 2% fixed until 23rd September 2022 on up to £200 per month, has to be opened in branch

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/p1Leek United BS Flexible Saver Account

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SFindlay

Virgin Homebuying Coach issue 7 now released still.paying 1.75% and £250 per month.