Regular Savings Accounts: The Best Currently Available List!

JamesPeter

schiff said:

JamesPeter said:

Darlington Building Society Special Occasion Saver (Regular Savings Account) now 1.65% from 1st March 2022. (up from 1.4% yesterday).

Same T&C's - 3 Accounts, max £250 per month per account

https://www.darlington.co.uk/savings-accounts/regular-savings-accounts/

Their other Regular Savers also seem to have increased as well (Green Reg Saver now 1.25% and childrens/teens accounts increased)

I seem to have missed the 1.4% increase! When was that?

It went up from 1.25% to 1.4% at the begining of February 2022 (i did post it in this thread on 1st Feb).

Then up to 1.65% today (1st March).

Every_Penny_Counts

wiseonesomeofthetime said:

gt94sss2 said:

Wheres_My_Cashback said:

For those that already have them HSBC & First Direct Regular Savers rates have increased by a whopping 0.09% from today, so now 1.09% AER.

I thought the interest rate on HSBC/FD Regular Savers was fixed not variable?

It is fixed.

So those customers who currently hold an active Regular Saver are stuck on 1%pa

New subscribers  to the Regular Saver product will get 1.09%pa fixed.

Though HSBC website still quoting 1.0% fixed as at 15:55, 01/03 - https://www.hsbc.co.uk/savings/products/regular-saver/

as is First Direct - https://www1.firstdirect.com/savings-and-investments/savings/regular-saver-account/

Existing accounts get the new rate as well. I have both F/D & HSBC RS’s & they are now showing the new rate of 1.09%

EPC

wiseonesomeofthetime

You're only right, you know, @Every_Penny_Counts !!!

I stand corrected.

Just checked my HSBC RS in app and, despite being a FIXED rate of interest, it is now showing 1.09%

As it matures on Thursday though, it will have zero effect in practise, for me 🤦‍♂️

swanfan02

Every_Penny_Counts said:

wiseonesomeofthetime said:

gt94sss2 said:

Wheres_My_Cashback said:

For those that already have them HSBC & First Direct Regular Savers rates have increased by a whopping 0.09% from today, so now 1.09% AER.

I thought the interest rate on HSBC/FD Regular Savers was fixed not variable?

It is fixed.

So those customers who currently hold an active Regular Saver are stuck on 1%pa

New subscribers  to the Regular Saver product will get 1.09%pa fixed.

Though HSBC website still quoting 1.0% fixed as at 15:55, 01/03 - https://www.hsbc.co.uk/savings/products/regular-saver/

as is First Direct - https://www1.firstdirect.com/savings-and-investments/savings/regular-saver-account/

Existing accounts get the new rate as well. I have both F/D & HSBC RS’s & they are now showing the new rate of 1.09%

EPC

My HSBC regular saver is showing as 1.09% as well in the app 🤔

Saffron bs small saver issue 3 is showing as 2% on savers friend from March 2nd, not showing on Saffron site though, still has issue 2

moi

Deleted_User said:

I can't see anything on the BBS website advertising increased rates but presumably rates on other accounts have gone up too.

Good old Buckinghamshire!

Bucks BS have put a downloadable list here today:

https://www.bucksbs.co.uk/bank-of-england-base-rate-increase.html

gt94sss2

wiseonesomeofthetime said:

gt94sss2 said:

Wheres_My_Cashback said:

For those that already have them HSBC & First Direct Regular Savers rates have increased by a whopping 0.09% from today, so now 1.09% AER.

I thought the interest rate on HSBC/FD Regular Savers was fixed not variable?

It is fixed.

So those customers who currently hold an active Regular Saver are stuck on 1%pa

New subscribers  to the Regular Saver product will get 1.09%pa fixed.

Though HSBC website still quoting 1.0% fixed as at 15:55, 01/03 - https://www.hsbc.co.uk/savings/products/regular-saver/

as is First Direct - https://www1.firstdirect.com/savings-and-investments/savings/regular-saver-account/

I wonder if it's an error as it's not showing on https://www.hsbc.co.uk/savings/interest-rates/

From memory, HSBC have always chosen round numbers for these accounts..1/3/5/6/8/10% etc

Wheres_My_Cashback

wiseonesomeofthetime said:

gt94sss2 said:

Wheres_My_Cashback said:

For those that already have them HSBC & First Direct Regular Savers rates have increased by a whopping 0.09% from today, so now 1.09% AER.

I thought the interest rate on HSBC/FD Regular Savers was fixed not variable?

It is fixed.

So those customers who currently hold an active Regular Saver are stuck on 1%pa

New subscribers  to the Regular Saver product will get 1.09%pa fixed.

Though HSBC website still quoting 1.0% fixed as at 15:55, 01/03 - https://www.hsbc.co.uk/savings/products/regular-saver/

as is First Direct - https://www1.firstdirect.com/savings-and-investments/savings/regular-saver-account/

Info taken from live account pages, both showing 1.09%, whereas yesterday they both stated 1.00%.

typistretired

Our first direct regular savers are showing 1.09% too I wonder if they picked that figure out of the hat. Seriously thinking of closing BOS and Lloyd’s regular savers which only pay 0.75%.

[Deleted User]

First Direct RS

I've had an email today from FD about interest rate rises from 1 March (reproduced below). No mention of any rise to the Regular Saver. All very strange.

We’re getting in touch to let you know we’ve increased the interest rates on some of our savings accounts. The changes took effect on 1 March 2022.

Although our savings rates aren’t directly linked to the base rate, it’s one of the things we consider when deciding what to set them at. We’ve shown the changes in the tables below.

What you need to do

You don’t need to do anything – the increased rates have already been applied to the relevant account(s), but this could be an ideal time for you to review where you keep your savings to make sure you’re getting the most from your money.

We’re here to help

If you have any questions, please send us a message via the help section of our App or Contact Us via Online Banking. If you need to speak to us, please give us a call on 03 456 100 100† and we’ll be happy to help.

Thank you

The first direct team

If you have a Savings Account or an Everyday Savings Account linked to an Offset Mortgage, the interest rate change shown below won’t affect you as no interest is paid on linked accounts. If you decide to unlink one of these accounts at any time, the interest rates below (or any we replace them with in the future) will then apply.

Savings Account

Balance Previous rate AER/Gross New rate AER/Gross

All balances 0.01% 0.10%

Bonus Savings Account

Balance with monthly bonus Previous rate AER/Gross New rate AER/Gross

Under £25,000 0.05% 0.25%

£25,000+ 0.02% 0.20%

Balance without monthly bonus Previous rate AER/gross New rate AER/gross

Under £25,000 0.01% 0.10%

£25,000+ 0.01% 0.10%

Cash ISA

Balance Previous rate AER/Tax Free New rate AER/Tax Free

All balances 0.10% 0.20%

Fixed Rate Saver – 1 Year

Balance Previous rate AER/Gross New rate AER/Gross

£2,000+ 0.15% 0.25%

Everyday Savings Account (no longer on sale)

Balance Previous rate AER/Gross New rate AER/Gross

All balances 0.01% 0.10%

Everyday e-Saver (no longer on sale)

Balance Previous rate AER/Gross New rate AER/Gross

All balances 0.01% 0.10%

AER stands for Annual Equivalent Rate. This shows you what the gross rate would be if interest were paid and compounded each year.

Gross rate is the amount of interest received if the interest was paid and not compounded each year.

Tax Free means free from any UK Income Tax or Capital Gains Tax.

Tax benefits depend on individual circumstances and could change in the future.

Interest rates can change in line with account Terms and Conditions.

Every_Penny_Counts

Fingerbobs said:

Deleted_User said:

First Direct RS

I've had an email today from FD about interest rate rises from 1 March (reproduced below). No mention of any rise to the Regular Saver. All very strange.

The Regular Saver isn't mentioned because it's a fixed-rate account. The rate is fixed for the entire term at the point of opening, so the rate is not changing on any existing accounts, so no need to notify.

But it has changed on my existing account.,,,