Regular Savings Accounts: The Best Currently Available List!

Rich2808

Nick_C said:

Rich2808 said:

Isn't the reward regular saver essentially the replacement for the loyalty regular saver - 3% for members with one year's membership but with a £250 limit per month. Was it £300 before?

https://www.cambridgebs.co.uk/savings/regular-savings/reward-regular-saver

The Loyalty Regular Saver only allows £100 per month.

https://forums.moneysavingexpert.com/discussion/comment/76870795/#Comment_76870795

No - £100 is the minimum opening investment. All 3 accounts allow you to pay in up to £250 a month - or £3k over the year.

https://www.cambridgebs.co.uk/savings/regular-savings

• you may make as many deposits as you like each month, however the total must not exceed £250. There is no penalty for missing a month but you will lose your deposit allowance for that month

SFindlay

Rich2808 said:

Nick_C said:

Rich2808 said:

Isn't the reward regular saver essentially the replacement for the loyalty regular saver - 3% for members with one year's membership but with a £250 limit per month. Was it £300 before?

https://www.cambridgebs.co.uk/savings/regular-savings/reward-regular-saver

The Loyalty Regular Saver only allows £100 per month.

https://forums.moneysavingexpert.com/discussion/comment/76870795/#Comment_76870795

No - £100 is the minimum opening investment. All 3 accounts allow you to pay in up to £250 a month - or £3k over the year.

https://www.cambridgebs.co.uk/savings/regular-savings

• you may make as many deposits as you like each month, however the total must not exceed £250. There is no penalty for missing a month but you will lose your deposit allowance for that month

But that's not what you asked!! You said the old Loyalty Regular Saver had same T&C as the new Reward RS which it isn't as what Nick was telling you is correct the old Loyalty RS only allowed £100 per month MAXIMUM!! That is I suspect why people are getting to open a new version whilst we still hold the old version. 

JamesRobinson48

Skipton BS has now pulled its RS product (3.5%).

typistretired

Let’s hope they release another one

bubieyehyeh

JamesRobinson48 said:

Yorkshire BS has today released a new Christmas RS:  1.00% variable,12 months term, max £300 pm / £3,600 total.

https://www.ybs.co.uk/savings/product.html?id=YB901422W

I mention this only for the record, as its terms do not satisfy the criteria for inclusion on this thread's list.

 

Interesting no-one at YBS checked the website carefully. Seems there is an incentive to pay in £300.01 a month and get a £50 a month back - cool, great deal

"The maximum deposit is £300 per calendar month. If you deposit more than £300 in any calendar month, whether by cash, cheque or electronic payment, we will return the overpayment to you by cheque i.e. is paid into your account in one calendar month by standing order and cash payment, you will receive a cheque in the post for £50"

I think they just copied the previous regular saver details which must have used a £300 example when the monthly limit was £250. The product terms don't include the £50 deal though.

They don't seem to be able to calculate the maximum possible balance, its not crystal clear a 13th monthly payment with a 12month period is not allowed to me.

Daliah

JamesRobinson48 said:

Yorkshire BS has today released a new Christmas RS:  1.00% variable,12 months term, max £300 pm / £3,600 total.

https://www.ybs.co.uk/savings/product.html?id=YB901422W

I mention this only for the record, as its terms do not satisfy the criteria for inclusion on this thread's list.

 

Thanks for the heads up. I wasn’t going to commit more money into a new 1% RS as I believe rates will rise before long 🤞. But as this account can be closed penalty-free, I have started one of them now

apt

Coventry Building Society are reducing their interest rate on Regular Saver (ex Stroud and Swindon BS) accounts from 1.8% to 1.05% on 5 November. So much for rising interest rates.

wiseonesomeofthetime

apt said:

Coventry Building Society are reducing their interest rate on Regular Saver (ex Stroud and Swindon BS) accounts from 1.8% to 1.05% on 5 November. So much for rising interest rates.

I am surprised they kept it at that rate for as long as they did tbh.

Their own latest offering has been 1.05% for ages now.

Speculator

apt said:

Coventry Building Society are reducing their interest rate on Regular Saver (ex Stroud and Swindon BS) accounts from 1.8% to 1.05% on 5 November. So much for rising interest rates.

Got the email this morning.

Will probably put a big chunk of it in a fixed rate account paying 1.8% or higher.

Does anyone remember how many withdrawals are allowed on the account per year?

milton1970

wiseonesomeofthetime said:

apt said:

Coventry Building Society are reducing their interest rate on Regular Saver (ex Stroud and Swindon BS) accounts from 1.8% to 1.05% on 5 November. So much for rising interest rates.

I am surprised they kept it at that rate for as long as they did tbh.

Their own latest offering has been 1.05% for ages now.

Can only assume remaining holders must be long standing customers with large balances. 

Pitched it at just above other options to avoid a large cash outflow - it was nice whilst it lasted