Regular Savings Accounts: The Best Currently Available List!

typistretired

 This means having to send in the CSB3 passbook plus completed forms plus current account proof where most of the funds will be transferred to. I will provide a paying in slip as proof (current account is paperless). I ordered a book of paying in slips a few years ago for this very purpose. 

I contacted Monmouthshire BS by private message as I didn’t understand why them kept asking for proof of my nominated account every time an account matured. They informed me that this was just a standard letter aimed at those who have not confirmed their nominated account and I no longer needed to send any proof

P3

where_are_we said:

Monmouthshire Building Society - Christmas Saver Bond (Issue3) Maturity forms. The new Christmas Saver Bond (Issue4) with an interest rate of 1.1% variable does not allow withdrawals. I have decided to open a CSB4 with minimum deposit of £10 with a view to adding money if the variable rate rises. There is nothing on their website about CSB4 and their online maturity form does not give CSB4 as an option to reinvest whereas the postal form does. This means having to send in the CSB3 passbook plus completed forms plus current account proof where most of the funds will be transferred to. I will provide a paying in slip as proof (current account is paperless). I ordered a book of paying in slips a few years ago for this very purpose.

I could be wrong, but isn't issue 3 also no withdrawal (?)

Special_Saver2

Hi Folks,

I have just done this weekend's update. 

- NatWest and RBS Digital Saver accounts interest rate updated to show that balances above £1,000 only get 0.01% interest
- Skipton BS Existing Member Regular Saver Bond (Issue 1) withdrawn and removed from page 1
- Skipton BS Existing Member Online Regular Saver Bond (Issue 1) withdrawn and removed from page 1
- Monmouthshire BS Existing Member Regular Saver Bond (Issue 1) withdrawn and removed from page 1
- Cambridge BS Loyalty Regular Saver Account  withdrawn and removed from page 1
- Cambridge BS Extra Reward Regular Saver account added to page 1 (paying 5% fixed on up to £250 per month for 12 months if you have held an account with them for 3 years)
- Cambridge BS Reward Regular Saver account added to page 1 (paying 3% fixed on up to £250 per month for 12 months if you have held an account with them for 12 months)
- Cambridge BS Regular Saver account (for people not eligible for either of the above accounts, paying 1% fixed on up to £250 per month for 12 months) 

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

liamcov

Re the Monmouthshire & Principality Christmas Savers when applying before the previous versions mature - do account details remain the same for these (ie. continue to pay via SO with the same details?)

Thanks

kaMelo

With Principality if, when giving maturity instructions, you open a new regular saver and redirect some of the maturing funds into the new regular saver then yes, the details stay the same.
Monmouthshire I don't know.

liamcov

Re the Yorkshire Christmas Regular e-Saver - 'the account allows you withdrawals from your account, without losing any interest, on any one day per year based on the anniversary of the account opening date'

So this means 1 withdrawal is allowed mid term before the anniversary of opening?

Thanks

Nick_C

liamcov said:

Re the Yorkshire Christmas Regular e-Saver - 'the account allows you withdrawals from your account, without losing any interest, on any one day per year based on the anniversary of the account opening date'

So this means 1 withdrawal is allowed mid term before the anniversary of opening?

Thanks

Doesn't make any sense to me.  I'm guessing if you open your account on the 15th of November, you can make one withdrawal on the 15th of any subsequent month without losing interest.  But it's an odd condition and not really explained properly.

I'm not interested in this account, but if you then a I would suggest calling them for an explanation.

[Deleted User]

Yorkshire BS Xmas RS

I took the term to mean you can make one withdrawal per year. The year runs from the opening date to the anniversary date. You can also close your account without penalty even if you have already used your withdrawal "life" for the year. Not sure now if this is correct interpretation?

Edited to add: it's not "one withdrawal", it's rather that you can withdraw (any number of withdrawals) on just one day in the account year. So you could withdraw 3 times on the one day and not suffer a penalty.

Fingerbobs

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

Bit of a dilemma for me. I'm eligible for the 3% account now, but if I open it now, I'll become eligible for the 5% account during the term of the 3% one. Do I wait to be eligible for the 5% one and hope they don't pull the accounts in the mean time, or just go for the 3% account now? Decisions, decisions...

pokora

Fingerbobs said:

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

Bit of a dilemma for me. I'm eligible for the 3% account now, but if I open it now, I'll become eligible for the 5% account during the term of the 3% one. Do I wait to be eligible for the 5% one and hope they don't pull the accounts in the mean time, or just go for the 3% account now? Decisions, decisions...

Get the 3% before they pull out. Better something in your pocket than nothing.