Regular Savings Accounts: The Best Currently Available List!

typistretired

The air ambulance saver on the app is 0.50% from 1st February minimum £100 worth opening as the rate could increase if rates go up

veryintrigued

Wheres_My_Cashback said:

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%.

'Landing page'

'Air ambulance saver'

I see what you did there

Special_Saver2

Hi Everybody,

I have carried out this weekend's update.

- Added Nottingham BS Fixed Summer Saver paying 1.35% on up to £500 per month until June 2023 but no withdrawals allowed and can be opened in branch only

- Checked through every account on page 1 and I have not found any interest rate changes

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

where_are_we

 Tipton RS maturity instructions will be - £100 opening deposit in the 30 day Midlands Air Ambulance Issue 2 @ .5% (to keep Membership status) and a cheque in the post for the remaining balance. Remember to enclose your passbook in your maturity envelope.

arsenalboy

I have the Ipswich/Suffolk Reg Saver issue 1 that matures on the 28th of this month.

I have received the maturity letter and am confused. I thought this was a 14 month account and opened it in Dec 2020 and my 14th payment was in Jan and then I cancelled the SO.

The maturity letter states my balance at the end of January is 3500 which is correct, but goes on to state that the maturity balance will have my Feb deposit added to it. This would make it 3750 and turn it into a 15 month account?

Looking at the original terms it states that you must make a deposit each calendar month.

Has anybody got a view on what I should be doing i.e., sit still or quickly resurrect the SO for 1 month? 

General_Grant

arsenalboy said:

I have the Ipswich/Suffolk Reg Saver issue 1 that matures on the 28th of this month.

I have received the maturity letter and am confused. I thought this was a 14 month account and opened it in Dec 2020 and my 14th payment was in Jan and then I cancelled the SO.

The maturity letter states my balance at the end of January is 3500 which is correct, but goes on to state that the maturity balance will have my Feb deposit added to it. This would make it 3750 and turn it into a 15 month account?

Looking at the original terms it states that you must make a deposit each calendar month.

Has anybody got a view on what I should be doing i.e., sit still or quickly resurrect the SO for 1 month? 

Surely, unless your first payment was credited on 1 December then 14th month is not completed until some time in February.
I do not have one of these accounts so cannot check the terms on which it was issued and whether 15 payments are allowed/expected.

Nick_C

Just received my YBS Loyalty Regular Saver maturity letter.

It states the funds will be transferred into a "Six Access Saver" paying interest of 0.65%.  YBS called me on 4 Feb about my account maturing, but they didn't say anything about it going into a "Six Access Saver".  Still, I suppose it's the top rate account that they could transfer the funds to, so it seems fair.

Somebody said upthread that the Six Access Saver rate of interest was increasing to 0.75% on 1 Feb.  The product information sheet definitely says 0.65%.  There is no issue number for the account.

Interest rates for the Six Access Saver are shown under "withdrawn accounts" on the YBS web site https://www.ybs.co.uk/savings/interest-rates/withdrawn-accounts.html

typistretired

When you click the YBS link loyalty sixth access shows 0.75%

glider3560

arsenalboy said:

I have the Ipswich/Suffolk Reg Saver issue 1 that matures on the 28th of this month.

I have received the maturity letter and am confused. I thought this was a 14 month account and opened it in Dec 2020 and my 14th payment was in Jan and then I cancelled the SO.

The maturity letter states my balance at the end of January is 3500 which is correct, but goes on to state that the maturity balance will have my Feb deposit added to it. This would make it 3750 and turn it into a 15 month account?

Looking at the original terms it states that you must make a deposit each calendar month.

Has anybody got a view on what I should be doing i.e., sit still or quickly resurrect the SO for 1 month? 

Ipswich/Suffolk are normally very customer friendly (and reply quickly), so it may be worth sending them an email to double check (there's an email on my maturity letter).

The conditions I saved say:
"You must make at least one deposit per calendar month until 28 February 2022, by cash, cheque or standing order, which you can vary between £10 and £250. You cannot transfer funds from another Ipswich Building Society account."

But then goes on to say:
"If you miss depositing into your account in any 2 calendar months, we will transfer the balance to our instant access Everyday Saver account"

If you do need to make a payment, it doesn't need to be a standing order, you can just make a one-off Faster Payment to the account.

Nick_C

typistretired said:

When you click the YBS link loyalty sixth access shows 0.75%

While what you say is true, that (Loyalty Six Access Saver) isn't the account that the letter says my maturity funds will be paid into, nor is it the rate quoted in the letter.

Until the account actually matures, I will assume that the letter is accurate, and the funds will go into a Six Access Saver at 0.65%.