Regular Savings Accounts: The Best Currently Available List!

typistretired

The poster was saying they couldn't see the application when they were signed in.  I prefer to go through the app

typistretired

Virgin also state this in their terms and conditions

• This account is only available to users of the Virgin Money Home Buying Coach app

But some posters are managing to bypass this

soulsaver

typistretired said:

Virgin also state this in their terms and conditions

• This account is only available to users of the Virgin Money Home Buying Coach app

But some posters are managing to bypass this

Not bypassing it : They can apply for accounts on line but still be users of the app... like I do(am?).

[Deleted User]

typistretired said:

The poster was saying they couldn't see the application when they were signed in.  I prefer to go through the app

All the app does is send you to the same link when you have jumped via the hoops.

When I opened my second account I went to the same link and applied again. Both accounts show on my login.

soulsaver

janusdesign 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.

just to double-check something on this - as a non-member of that BS, I would first need to open a savings account (e.g put £1 in an easy access account), wait for it to be opened and *then* apply for this regular saver account ??

Yes if that's consistent with the eligibility terms.

Usa2019

This might be too low interest rate for this thread but just incase someone found it useful

https://www.coventrybuildingsociety.co.uk/member/product/savings/regular_saver/first-home-saver.html

0.85%, £1000pm, variable, 3 years, easy access

soulsaver

Usa2019 said:

This might be too low interest rate for this thread but just incase someone found it useful

https://www.coventrybuildingsociety.co.uk/member/product/savings/regular_saver/first-home-saver.html

0.85%, £1000pm, variable, 3 years, easy access

Variable. Restricted to people saving for a first home, not necessarily of their own..

SFindlay

Usa2019 said:

This might be too low interest rate for this thread but just incase someone found it useful

https://www.coventrybuildingsociety.co.uk/member/product/savings/regular_saver/first-home-saver.html

0.85%, £1000pm, variable, 3 years, easy access

There's a lot going for it as has the £1000 monthly limit, unlimited instant withdrawals so although rate variable you're not going to be tied to it if rate plummets and although says for first time homebuyers you can open one if a homeowner is saving for a deposit for an unnamed family member!!! For those that are saving for a deposit it also includes a £500 bonus if end up taking a mortgage through them too. 

Fingerbobs

SFindlay said:

Usa2019 said:

This might be too low interest rate for this thread but just incase someone found it useful

https://www.coventrybuildingsociety.co.uk/member/product/savings/regular_saver/first-home-saver.html

0.85%, £1000pm, variable, 3 years, easy access

There's a lot going for it as has the £1000 monthly limit, unlimited instant withdrawals so although rate variable you're not going to be tied to it if rate plummets and although says for first time homebuyers you can open one if a homeowner is saving for a deposit for an unnamed family member!!! For those that are saving for a deposit it also includes a £500 bonus if end up taking a mortgage through them too. 

Does that ever happen though? In my experience, if an interest rate plummets on any account, the customer is always offered an option to close the account for no penalty. If they locked you in after a significant rate drop, it would effectively be a bait-and-switch scam.

SFindlay

Fingerbobs said:

SFindlay said:

Usa2019 said:

This might be too low interest rate for this thread but just incase someone found it useful

https://www.coventrybuildingsociety.co.uk/member/product/savings/regular_saver/first-home-saver.html

0.85%, £1000pm, variable, 3 years, easy access

There's a lot going for it as has the £1000 monthly limit, unlimited instant withdrawals so although rate variable you're not going to be tied to it if rate plummets and although says for first time homebuyers you can open one if a homeowner is saving for a deposit for an unnamed family member!!! For those that are saving for a deposit it also includes a £500 bonus if end up taking a mortgage through them too. 

Does that ever happen though? In my experience, if an interest rate plummets on any account, the customer is always offered an option to close the account for no penalty. If they locked you in after a significant rate drop, it would effectively be a bait-and-switch scam.

It's not a scam if T&C don't give option to close account. I know you're saying in you're experience the customer is offered an option to close account but that's not the institution being kind when they cut interest rates, all they're doing is following their own T&C's but problem is most people don't read them fully so end up being like you thinking they're getting a good deal being allowed to close the account!! Truth is when institutions cut interest rates its because they don't need or in fact want our money so they're more than happy for people to close the accounts.

Point is with this regular saver you can almost treat it as a easy access savings account. My current best paying easy access account is paying 0.7% (still better than anything available to open now) so transferring £1000 a month into an account paying 0.85% which has no restrictions on withdrawals is a no brainer.