Regular Savings Accounts: The Best Currently Available List!

bristolleedsfan

londoner62 said:

Just received my letter from Lloyds ref RS. Have to go into bank to get savings as I no longer have an account after switching. Easiest way is to go in with passport and they'll transfer it for me to my account elsewhere.

On maturity account converts to  Standard/Easy Saver or whatever it is they call it, payments can be set up and sent from that account

Special_Saver2

Hi Folks,

I have carried out this weekend's update.

- Coventry BS Regular Saver (Issue 5) rate increased from 1.05% to 1.15%
- Darlington BS Teen Goal Saver rate increased from 2.15% to 2.4%
- Darlington BS Darly Young Saver rate increased from 1.65% to 1.9%
- Darlington BS Special Occasion Saver rate increased from 1.4% to 1.65%
- First Direct Regular Saver Account and HSBC Regular Saver checked and they appear to still be paying 1% interest
- Principality BS First Home Steps Savings Account (Issue 3) interest rate on each tier increased by 0.25% (1.05% if your balance is £2,500, then 1.25% if your balance is £2,501 - £7,500 then 1.75% from £7,500 to £25,000)
- Principality BS Learner Earner Issue 3 (Adult with a Child) interest rate increased from 2.5% to 2.75%
- Principality BS Thank You Saver (Issue 4) and Principality BS Thank You Online Saver (Issue 4) replace the issue 3 accounts and are paying 1.65% instead of 1.4% with the issue 3 accounts
- Saffron BS Small Saver (Issue 3) replaces issue 2 paying 2% fixed on issue 3 instead of the 1.75% fixed with issue 2
- Saffron BS 12 Month Fixed Rate Members Regular Saver (Issue 9) replaces issue 8 paying 1.75% fixed on issue 9 instead of the 1.5% fixed with issue 8
- Virgin Money M Plus Current Account (in the feeder account section) updated to show that in addition to paying 2% p.a. / 2.02% AER on up to £1,000 (no interest paid on amounts over this) and having no fees on overseas transactions, it now has a linked savings account that pays 1% interest on balances up to £25,000 and 0.5% on balances over £25,000
- Suffolk BS 2 Year Regular Saver paying 3% withdrawn
- Suffolk BS 1 Year Regular Saver paying 1.25% (unchanged) accounts opened now have a maturity date of 31st May 2023 (rather than 28th February 2023)

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

Prudent

Thank you SS2.

I am not sure if this has been posted. TSB is offering 2% on £125 per month. I have a TSB current account, but the information does not seem to suggest a linked account is a requirement.

https://www.tsb.co.uk/savings/instant-access/?WT.ac=A00417

RG2015

Prudent said:

Thank you SS2.

I am not sure if this has been posted. TSB is offering 2% on £125 per month. I have a TSB current account, but the information does not seem to suggest a linked account is a requirement.

https://www.tsb.co.uk/savings/instant-access/?WT.ac=A00417

It is the third entry in section 6 on page 1 of this thread.

https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

In the Summary Box, it says you must set up a standing order from a TSB current account.

LateStarter

I've got both the First Direct Regular Saver Account and HSBC Regular Saver; when I log into online banking they both show the interest rate as 1.09% even though the linked pages are still saying 1%.

where_are_we

Received my Furness BS RS4 maturity instructions today. New RS5 rate not great but to remain a member, I will open a new RS5 @1.2% variable £250/month because one withdrawal or closure of account is allowed without loss of interest. Would have been nice if opening a RS5 was one of the maturity options. I had 4 RS accounts but RS5 is limited to 1.

soulsaver

Edit, see below.

10_66

soulsaver said:

where_are_we said:

Received my Furness BS RS4 maturity instructions today. New RS5 rate not great but to remain a member, I will open a new RS5 @1.2% variable £250/month because one withdrawal or closure of account is allowed without loss of interest. Would have been nice if opening a RS5 was one of the maturity options. I had 4 RS accounts but RS5 is limited to 1.

But note the RS5 is £500 pm... 

Furness leaflet states maximum for RS5  is £250 pm.

soulsaver

10_66 said:

soulsaver said:

where_are_we said:

Received my Furness BS RS4 maturity instructions today. New RS5 rate not great but to remain a member, I will open a new RS5 @1.2% variable £250/month because one withdrawal or closure of account is allowed without loss of interest. Would have been nice if opening a RS5 was one of the maturity options. I had 4 RS accounts but RS5 is limited to 1.

But note the RS5 is £500 pm... 

Furness leaflet states maximum for RS5  is £250 pm.

Apologies, you're correct. I failed to follow a line correctly in my spreadsheet.  I'll edit the post so people don't go digging in vain...

bristolleedsfan

where_are_we said:

Received my Furness BS RS4 maturity instructions today. New RS5 rate not great but to remain a member, I will open a new RS5 @1.2% variable £250/month because one withdrawal or closure of account is allowed without loss of interest. Would have been nice if opening a RS5 was one of the maturity options. I had 4 RS accounts but RS5 is limited to 1.

I withdrew current regular saver down to £100 + pay in £1 per month, will do same with new RS