Regular Savings Accounts: The Best Currently Available List!

kaMelo

No one will have as the earliest that was possible under the original terms was next month.

For what it's worth I have topped up to£1000 and cancelled the standing order. I fully expect to receive the interest as my understanding of the terms is that a regular payment is no longer required.

Every_Penny_Counts

kaMelo said:

No one will have as the earliest that was possible under the original terms was next month.

For what it's worth I have topped up to£1000 and cancelled the standing order. I fully expect to receive the interest as my understanding of the terms is that a regular payment is no longer required.

Me too!  We shall see...

PRAISETHESUN

kaMelo said:

No one will have as the earliest that was possible under the original terms was next month.

For what it's worth I have topped up to£1000 and cancelled the standing order. I fully expect to receive the interest as my understanding of the terms is that a regular payment is no longer required.

I've done the same, as that is my understanding as well. Will see what happens!

Bizzywizard

JamesPeter said:

Daliah said:

Bizzywizard said:

Hi,

Thought I'd let you know that RBS are offering the regular saver 3% up to £1 - £150 a month this started on 15th March. Its was an aweful rate before and was only £50 a month.

Not sure if this is only for current RBS regular savers.

Bizzy

castle96 said:

A UK resident, aged 16 years or over and a Royal Bank of Scotland current account holder.

3% on first £1k

Already covered from this post on page 424 onwards. The account always had 3.04% AER on up to £1,000, and the same pre-reqs.

Re Natwest:

I think what Bizzywizard may have been referring to was Natwest’s ‘Savings Builder’ regular saver account which paid 0.25% provided one increased the account balance by a minimum of £50 per month.

This account was withdrawn a few days ago on the day the Digital Regular Saver rules changed.

In effect Natwest seem to have merged the Savings Builder into the Digital Regular Saver for balances over £1k but removed the £50 minimum monthly funding requirement of the Savings Builder.

A few years ago the Savings Builder was quite competitive, but over time the interest rate dwindled down to a paltry 0.25%. I still have mine open with just over a quid in it and didn’t bother earning any interest on it, just in case they ever improved the account – which they never did.

Incidentally, I spoke with Natwest via online chat yesterday after topping up my Digital Regular Saver to a balance of £1k (only required £28.00 to make the balance £1k). Their view was that you need to continue to pay in a minimum of £1.00 per month by standing order to comply with the account rules (despite the ambiguity mentioned in posts above regarding funding the account once hitting the £1k balance).

I thus changed my standing order for the account to pay in £1.00 per month.

I will occasionally sweep the monthly payments and interest to just leave the £1k balance and move the ‘swept’ money to a better paying account.

 

Thanks for putting it so much better than me! You are awesome James! 

JamesRobinson48

Principality BS has a new RS out today: Issue 26, replacing 25.  Not too exciting:  1.25% fixed, max £250 pm, max £3000 total, one year life.  As usual, it can be held alongside Principality's other RS issues.

https://www.principality.co.uk/en/savings-accounts/fixed-term-savings-and-bonds/1-year-regular-saver-bond

where_are_we

Principality RS26 does not allow withdrawals, but you can close it without loss of interest. As I have filled up all the better options, I will participate until something better than 1.25% comes along (after today`s interest rate rise that might not be too long).

Special_Saver2

Hi Everybody,

I have made the following changes for this weekend's update.

- NatWest and RBS Digital Regular Saver entries updated to show the revised interest rates (now pays 0.25% on £1,001 to £5,000) and increase in the maximum monthly deposit to £150)
- Principality BS 1 Year Regular Saver Bond updated from issue 25 to issue 26 paying 1.25% on up to £250 per month for 1 year (same conditions as before including no early withdrawals except for account closure)

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

skitskut

LateStarter said:

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%.

HSBC regular saver now back to showing 1.0% for me in the app. Must have been a glitch.

where_are_we

I didn`t renew my First Direct RS @ 1%. Apart from the below average RS interest rate, it is fixed for 12 months so can`t be increased, it doesn`t allow partial withdrawals and if you close the account early you don`t get 1% interest but their standard savings interest rate currently 0.1%.

typistretired

skitskut said:

LateStarter said:

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%.

HSBC regular saver now back to showing 1.0% for me in the app. Must have been a glitch.

Yes mine is showing as 1% too will not be renewing if stays low