Regular Savings Accounts: The Best Currently Available List!

P3

If I remember correctly, the account does not show up on their website until say last week of October and it is live for say 3 weeks and it get taken down. 

I have it too , but I only deposit in this first month as the interest rate were quite low. After I missed month 2, wasn't sure if I was allow to miss payment and end up not deposit anymore money in it. 

Wheres_My_Cashback

typistretired said:

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

They don't. You only ever have to send in confirmation details of the nominated account once and then it stays on file for any subsequent accounts which are opened/maturing.

Been discussed here before.

typistretired

Ignore my previous comment but Monmouthshire BS have left me confused.  Just dug out my passbook to return with the maturity form and find that it has Issue 2 on it but it is the current Issue  opened in April 2020.  So can only assume that cashier incorrectly put wrong issue number on book.

arsenalboy

typistretired said:

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.

you dont need to return passbook or bank statement/paying in slip. Just log on and you can issue instructions online.

typistretired

This what is showing on my online account

Product Name:	CHRISTMAS SAVER BOND (ISSUE 3)
Date Opened	17/04/2020
Next Interest Due Date	31/03/2022
Minimum Balance	£10.00

happybagger

Penrith BS are allowing existing RS200 holders to re-open a new issue when it matures, despite it being a 'closed issue', with interest still variable 1.75%. As it's a 2-year account I'll be reapplying.

gozaimasu

JamesRobinson48 said:

There's a new RS out from TSB today. The interest rate is 2.00% fixed, but the max monthly contribution is only £125.

https://www.tsb.co.uk/savings/monthly-saver/?WT.ac=A00428

How annoying. Recently switched out my TSB to get a switching incentive. I had the previous monthly saver at 1% but emptied it when I switched because I knew I wouldn't get the 1% anymore without the current account. If I actually want the interest though, I have to send them a form by post to close the account. How archaic.

takke said:

From the terms on TSB’s website:

• If you close your Monthly Saver before the end of the 12 month term, you won't be able to open another account before the first anniversary of this account

This term was there on the old version too. 

Looks like I wouldn't get the 2% anyway.

Special_Saver2

Hi Everybody,

I have just done this weekend's update. 

- TSB Monthly Saver updated (was paying 1% on up to £250 per month, now paying 2% on up to £125 per month)

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

tg99

My FD 2.75% reg saver has just matured but the current one on offer only pays 1%. I believe you only get the easy access (0.01% pa) rate if you close it early so think won’t bother opening another for now and see if new higher rate one comes out similar to TSB.

neurosurgeon

What happens above £1000 on RBS and Natwest Digitial Saver do you still get interest at 3%?