Regular Savings Accounts: The Best Currently Available List!

kaMelo

neurosurgeon said:

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

On £1000 yes, anything above is at 0.01%
Once you hit £1000 there is no requirement to pay money in every month.

gozaimasu said:

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.

No requirement to hold a current account once the regular saver is set up. It might make getting hold of the money a little more difficult on maturity although there is always the option to open up a new Spend and Save Current account prior to that happening. Cashback available via Quidco for doing so too.

apt

neurosurgeon said:

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

Only 0.01% on amounts above £1000.

JamesRobinson48

The Cambridge BS has today released a suite of new RS issues. Each runs for one year and has maximum monthly contribution of £250.  But the best one, only for members of at least three years standing, pays 5.00%!

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

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

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

Daliah

JamesRobinson48 said:

The Cambridge BS has today released a suite of new RS issues. Each runs for one year and has maximum monthly contribution of £250.  But the best one, only for members of at least three years standing, pays 5.00%!

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

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

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

"you may only hold one Regular Saver account with the Society at any one time, this includes our Regular Saver, Reward Regular Saver and Extra Reward Regular Saver" 

creditavenger

JamesRobinson48 said:

The Cambridge BS has today released a suite of new RS issues. Each runs for one year and has maximum monthly contribution of £250.  But the best one, only for members of at least three years standing, pays 5.00%!

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

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

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

Great spot JR and some good headline rates, but a shame that there is a requirement to have held a Cambridge product for at least a year before you can get the 3% reward-regular-saver.

Is it worth putting £100 into a 0.1% easy access saver and leaving it for a year?............Hmmm, not sure that I CBA TBH

Hopefully, this Cambridge offer may encourage other some other Societies to improve their ownRS offers. For me all the plethora of 1% RS which are available are losing their appeal when compared against the 1 yr fixed term rates that are currently available. 

JamesRobinson48

Daliah said:

"you may only hold one Regular Saver account with the Society at any one time, this includes our Regular Saver, Reward Regular Saver and Extra Reward Regular Saver" 

That's true, however seemingly one can hold one of the above  new accounts alongside the legacy Cambridge Loyalty Regular Saver Account (paying 3.00%), which was launched in late August and withdrawn early today. After phoning the Cambridge to open a new RS today, I hold both the Extra Reward RS and the withdrawn Loyalty RS. The rubric seems ambiguous but, after checking that I've been a member for more than three years, the CSA didn't query it or raise any objection.

Daliah

Just came on here to post what @JamesRobinson48 already posted - the CBS Loyalty RS doesn't count towards the Regular Savers. Essentially, what they seem to mean is that you can only hold one of the three they announced today, alongside whatever else you may hold. The application is a bit of a faff as you can't do it online but well worth it if you qualify for the 5%, or even just the 3%.

creditavenger said:

Is it worth putting £100 into a 0.1% easy access saver and leaving it for a year?............Hmmm, not sure that I CBA TBH

I would say it is. I dimly remember missing out on something or other early last year as I didn't have an account that's been active long enough. CBS seem to be genuinely rewarding loyalty.

JamesRobinson48

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.

 

typistretired

Thank you.  Didn't show on app but went on website and opened now showing in app.

Rich2808

JamesRobinson48 said:

Daliah said:

"you may only hold one Regular Saver account with the Society at any one time, this includes our Regular Saver, Reward Regular Saver and Extra Reward Regular Saver" 

That's true, however seemingly one can hold one of the above  new accounts alongside the legacy Cambridge Loyalty Regular Saver Account (paying 3.00%), which was launched in late August and withdrawn early today. After phoning the Cambridge to open a new RS today, I hold both the Extra Reward RS and the withdrawn Loyalty RS. The rubric seems ambiguous but, after checking that I've been a member for more than three years, the CSA didn't query it or raise any objection.

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