Regular Savings Accounts: The Best Currently Available List!

Daliah

liamcov said:

My Halifax Reg has recently matured and I've cleared it out, but it's still showing as 'Regular Saver' with rate of 0.75% - I didn't think they normally rolled over into a new year like Santander, how should I close in the hope they offer a better rate in the future?

Have you tried this? https://www.halifax.co.uk/savings/help-guidance/close-savings-account.html

veggieblob

Frogletina said:

My Tipton regular saver (postal) matures this month.

I don't have any information as to what date this will be or how to get the funds transferred. Does anyone on here know the closure date and the process to close this account?

I have now had a letter re closure only giving cheque option if closing the account.  I have contacted customer service and apparently the RS2 is a branch based account, whereas RS1 was app based and therefore transfer to bank is not an option.  I did ask whether allowing the maturity to roll over would then allow transfers, but apparently not - still cheque only!  Let's hope it doesn't take too long to arrive.

Descrabled

Halifax regular Saver

Halifax opens a companion easy saver when you open the Halifax RS. When your regular saver matures the balance is transfered to this easy saver and the regular saver continues at the new rate, currently 0.75%, that matures 12 months later.

The only way of closing the regular saver is, I think, by going into a branch and requesting closure.

I always close this easy saver before the regular saver matures to avoid this problem.  I think that you can't open a new regular saver until after the maturity date of the closed regular saver (i.e 12 months later).

polymaff

liamcov said:

My Halifax Reg has recently matured and I've cleared it out, but it's still showing as 'Regular Saver' with rate of 0.75% - I didn't think they normally rolled over into a new year like Santander, how should I close in the hope they offer a better rate in the future?

Quite a few institutions now roll over Regular Savers - principal and interest transferred out at maturity, account and SO continued.

To quote the Halifax web-site:

"After 12 months any money you’ve saved in your Regular Saver plus interest will transfer into your Everyday Saver account. Then your Regular Saver will renew for another 12 months."

trickydicky14

veggieblob said:

Frogletina said:

My Tipton regular saver (postal) matures this month.

I don't have any information as to what date this will be or how to get the funds transferred. Does anyone on here know the closure date and the process to close this account?

I have now had a letter re closure only giving cheque option if closing the account.  I have contacted customer service and apparently the RS2 is a branch based account, whereas RS1 was app based and therefore transfer to bank is not an option.  I did ask whether allowing the maturity to roll over would then allow transfers, but apparently not - still cheque only!  Let's hope it doesn't take too long to arrive.

I have also just received my Tipton maturity letter. Not sure what to do, I want the money out but also like to keep some sort of account going so as to have a foot in the door just in case Tipton offer members only account some way down the line. I see they offer an easy access maturity saver which only pays 0.30%, I could put up with this if I could just leave £10 in the account but it looks like it’s a minimum of £100 have I got that right?

veggieblob

trickydicky14 said

I have also just received my Tipton maturity letter. Not sure what to do, I want the money out but also like to keep some sort of account going so as to have a foot in the door just in case Tipton offer members only account some way down the line. I see they offer an easy access maturity saver which only pays 0.30%, I could put up with this if I could just leave £10 in the account but it looks like it’s a minimum of £100 have I got that right?

Yes that's correct  but bear in mind that you can only withdraw from the maturity saver by cheque too.  

trickydicky14

veggieblob said:

trickydicky14 said

I have also just received my Tipton maturity letter. Not sure what to do, I want the money out but also like to keep some sort of account going so as to have a foot in the door just in case Tipton offer members only account some way down the line. I see they offer an easy access maturity saver which only pays 0.30%, I could put up with this if I could just leave £10 in the account but it looks like it’s a minimum of £100 have I got that right?

Yes that's correct  but bear in mind that you can only withdraw from the maturity saver by cheque too.  

I can't be doing with that, so I'll empty my account and be done with it, thanks for the info.

Frogletina

trickydicky14 said:

veggieblob said:

trickydicky14 said

I have also just received my Tipton maturity letter. Not sure what to do, I want the money out but also like to keep some sort of account going so as to have a foot in the door just in case Tipton offer members only account some way down the line. I see they offer an easy access maturity saver which only pays 0.30%, I could put up with this if I could just leave £10 in the account but it looks like it’s a minimum of £100 have I got that right?

Yes that's correct  but bear in mind that you can only withdraw from the maturity saver by cheque too.  

I can't be doing with that, so I'll empty my account and be done with it, thanks for the info.

There is a Tipton air ambulance saver, minimum £100 via the app, withdrawals 3 times a year. 

Wheres_My_Cashback

trickydicky14 said:

veggieblob said:

trickydicky14 said

I have also just received my Tipton maturity letter. Not sure what to do, I want the money out but also like to keep some sort of account going so as to have a foot in the door just in case Tipton offer members only account some way down the line. I see they offer an easy access maturity saver which only pays 0.30%, I could put up with this if I could just leave £10 in the account but it looks like it’s a minimum of £100 have I got that right?

Yes that's correct  but bear in mind that you can only withdraw from the maturity saver by cheque too.  

I can't be doing with that, so I'll empty my account and be done with it, thanks for the info.

Looking at it pragmatically. What are you losing/what's it costing you to leave £100 with them in the hope that a members account will come along soon? Peanuts (10p/20p maybe)...as there are very limited choices to earn even more peanuts elsewhere. 

Wheres_My_Cashback

Frogletina said:

trickydicky14 said:

veggieblob said:

trickydicky14 said

I have also just received my Tipton maturity letter. Not sure what to do, I want the money out but also like to keep some sort of account going so as to have a foot in the door just in case Tipton offer members only account some way down the line. I see they offer an easy access maturity saver which only pays 0.30%, I could put up with this if I could just leave £10 in the account but it looks like it’s a minimum of £100 have I got that right?

Yes that's correct  but bear in mind that you can only withdraw from the maturity saver by cheque too.  

I can't be doing with that, so I'll empty my account and be done with it, thanks for the info.

There is a Tipton air ambulance saver, minimum £100 via the app, withdrawals 3 times a year. 

Oddly, the app misleadingly states 0.40% AER on the landing page whilst other pages and the T&C website state the correct AER of 0.50%.