Regular Savings Accounts: The Best Currently Available List!

where_are_we

bristolleedsfan 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.

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

Furness did increase the RS4 rate from 1% to 1.2% on 1/3/22 - I benefited by almost £2 due to this uplift. There is a chance the RS5 will increase its interest rate before the end of it`s term.

badger09

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

RG2015 said:

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.

 I've been funding my TSB RS (previous version & current offering) from an external account since January 2021

Wheres_My_Cashback

RG2015 said:

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.

TSB regular saver accounts have stated for at least the past 8 years that SO should come from a TSB account, however the reality is payments are accepted from external accounts. I can only speak form personal experience.
From memory I believe other organisations have stated similar, yet never enforced it as if they did they'd probably exclude a high percentage from wanting to open an account.

bristolleedsfan

where_are_we said:

bristolleedsfan 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.

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

Furness did increase the RS4 rate from 1% to 1.2% on 1/3/22 - I benefited by almost £2 due to this uplift. There is a chance the RS5 will increase its interest rate before the end of it`s term.

October 2021,  I closed 3 accounts reducing 4th account to £100, moved funds to 1.76% 2 year fix

Was remaining a member bit I replied to

"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"

veryintrigued

Coventry RS5

Rate increased to 1.15 (from 1.05) from 1/3.

Apologies if already on here

10_66

Lloyds Club Regular Saver:
Can anyone confirm whether you can definitely cancel the standing orders into this account (without penalty), rather than just make a minimum monthly payment, please?  The info from their product terms and conditions (extracts below) appear, to me anyway, to say that you must make monthly payments, but I'm not certain.  I can see that it says you must pay in by standing order each month, but I think that's a bit ambiguous, as it might mean you must pay monthly by standing order rather than by any other means.  Then is says you can pay in between £25 to £400, but it doesn't say you must.

“Club Lloyds Monthly Saver account conditions

 

…The Club Lloyds Monthly Saver (the Account) has a fixed rate of interest. You must pay in money by standing order each month. The amount you pay in each

month is limited…

 

2. Deposits and Withdrawals

2.1 You can pay an amount of between £25 and £400 by standing order, or by transfer from your current account, each calendar month the Account

is open. You should arrange for the first of these payments to take place within 30 days of the account opening.

2.2 If a payment means you’re saving more than £400 we will return the whole amount to the account it was paid from. If you miss a payment it cannot

be made up”.

arsenalboy

10_66 said:

Lloyds Club Regular Saver:
Can anyone confirm whether you can definitely cancel the standing orders into this account (without penalty), rather than just make a minimum monthly payment, please?  The info from their product terms and conditions (extracts below) appear, to me anyway, to say that you must make monthly payments, but I'm not certain.  I can see that it says you must pay in by standing order each month, but I think that's a bit ambiguous, as it might mean you must pay monthly by standing order rather than by any other means.  Then is says you can pay in between £25 to £400, but it doesn't say you must.

“Club Lloyds Monthly Saver account conditions

 

…The Club Lloyds Monthly Saver (the Account) has a fixed rate of interest. You must pay in money by standing order each month. The amount you pay in each

month is limited…

 

2. Deposits and Withdrawals

2.1 You can pay an amount of between £25 and £400 by standing order, or by transfer from your current account, each calendar month the Account

is open. You should arrange for the first of these payments to take place within 30 days of the account opening.

2.2 If a payment means you’re saving more than £400 we will return the whole amount to the account it was paid from. If you miss a payment it cannot

be made up”.

Why do you wish to cancel as you can make penalty free withdrawals?

Are you looking to close account early?

10_66

I just want to stop the standing orders, but leave the balance in there.

Newly_retired

It looks to me that if you don't pay in the minimum amount, then you invalidate the account. Might mean it no longer pays interest?

glider3560

10_66 said:

Lloyds Club Regular Saver:
Can anyone confirm whether you can definitely cancel the standing orders into this account (without penalty), rather than just make a minimum monthly payment, please?  The info from their product terms and conditions (extracts below) appear, to me anyway, to say that you must make monthly payments, but I'm not certain.  I can see that it says you must pay in by standing order each month, but I think that's a bit ambiguous, as it might mean you must pay monthly by standing order rather than by any other means.  Then is says you can pay in between £25 to £400, but it doesn't say you must.

“Club Lloyds Monthly Saver account conditions

 

…The Club Lloyds Monthly Saver (the Account) has a fixed rate of interest. You must pay in money by standing order each month. The amount you pay in each

month is limited…

 

2. Deposits and Withdrawals

2.1 You can pay an amount of between £25 and £400 by standing order, or by transfer from your current account, each calendar month the Account

is open. You should arrange for the first of these payments to take place within 30 days of the account opening.

2.2 If a payment means you’re saving more than £400 we will return the whole amount to the account it was paid from. If you miss a payment it cannot

be made up”.

There is no penalty detailed for not paying in anything each month.