Regular Savings Accounts: The Best Currently Available List!

Speculator

I set up a standing order (from TSB current a/c) using the link TSB provided during the Monthly Saver account opening process. My wife did the same.

1st payment was meant to be taken this morning but nothing was taken. Just checked both accounts and the standing orders have not been set up. Called TSB and they confirmed there are no existing standing orders. Had to manually set up the standing orders again.

polymaff

[Deleted User] said:

If Mayfair is under Lloyds how can there be TSB customers assigned to it?

Because it used to be Lloyds TSB up to 2013.

[Deleted User]

polymaff said:

[Deleted User] said:

If Mayfair is under Lloyds how can there be TSB customers assigned to it?

Because it used to be Lloyds TSB up to 2013.

I am aware of that. But it still doesn't explain why a TSB customer would be assigned to that sort code now.

polymaff

No one else is talking about being "assigned that sort code now".

[Deleted User]

polymaff said:

No one else is talking about being "assigned that sort code now".

Above is a screenshot from the TSB site now. This is shown to TSB customers, no TSB customer should be assigned to a Lloyds code. The banks are now separate. So the message does not make sense. The message implies there are TSB customers on that code.

Out of interest does anyone know how long it takes for RBS to pay out the interest on the digital saver after 12 months?

PRAISETHESUN

[Deleted User] said:

Out of interest does anyone know how long it takes for RBS to pay out the interest on the digital saver after 12 months?

RE: NatWest/RBS digital regular savers  - both mine calculate interest daily and pay monthly, usually the first working day of the month I think.

JamesPeter

PRAISETHESUN said:

Deleted_User said:

Out of interest does anyone know how long it takes for RBS to pay out the interest on the digital saver after 12 months?

RE: NatWest/RBS digital regular savers  - both mine calculate interest daily and pay monthly, usually the first working day of the month I think.

Yes, likewise. Interest is added monthly on the first working day of every month (it shows in online banking/app the day after).

fly-catchers

I was going to open another Kent Reliance Regular saver. Have had this for a number of years and put the max of £500 in. But the rate has gone from 3% (which changed to 2% a couple of months before it matured). To 1.5% and now the current one is only 1%. And now I am sheltering £4000 spread over 4 Virgin M current accounts earning 2.02% not sure whether its a good idea. I retired last year so my income while ok is a lot smaller than it used to be. And tend to access any easy access accounts more and more to pay bills etc. So can see a possible time when I might need to take out £500 from a Virgin account to put in the Kent Reliance one. Its like the Halifax regular saver which will go from the current 1% to 0.75% next time its due for renewal. Is it likely that these rates might start going up again in the near future? At least I get 2.85% from my BLME account but of course that money is locked away for another 5 years. 

refluxer

fly-catchers said:

Its like the Halifax regular saver which will go from the current 1% to 0.75% next time its due for renewal. Is it likely that these rates might start going up again in the near future? 

With interest rates on the highest easy access accounts creeping up (currently 0.65%), they're going to have to try harder than that to make their Regular Savers worthwhile. According to the MSE Regular Savings calculator, you'd only be £1.62 per year better off by paying £250/month into that Halifax regular saver vs the best easy access account !

They must presumably get enough repeat/loyal custom from customers who aren't interesting in shopping around, in order to continually offer savings products like that with such poor rates.

typistretired

JamesRobinson48 said:

I received today a letter from Monmouthshire BS about the Christmas Saver Issue 3 RS which matures on 31 Oct.  The letter says there is available a follow on product, Christmas Saver Issue 4 RS, on very similar terms to Issue 3 (1.10% variable, commences 1 Nov 2021, matures on 31 Oct 2022, max pay in £1000).  Slightly annoyingly, this will involve opening a new account with a different number.  I think it is unclear yet whether Issue 4 would also be available to those who do not hold a maturing Issue 3.

They just renew the account with same account number you tick partial reinvestment and complete section A by ticking Christmas Saver Bond - Issue 4.  Then of course Section B and signature. I have had the same account number for their Christmas Saver for a few years now.  Can't see request to send passbook in maybe that comes later can't remember. 

My apologies just noticed on top of form need return of passbook.

Really annoying the way then insist on a bank statement or paying in slip for nominated account each time.