Regular Savings Accounts: The Best Currently Available List!

kaMelo

First Direct and HSBC yes,  all the others have no requirement to pay in every month.

That easy access Chase account is paying more than the majority of reg savers.

1Dan1Dan1

JamesRobinson48 said:

1Dan1Dan1 said:

I'm looking to stop monthly payments into my regular savers paying 1%.

Do I have to pay in the minimum amount each month into the following accounts?
- First Direct (min £25)
- HSBC (min £25)
- Lloyds - Club Lloyds Monthly Saver (min £25)
- TSB (min £25)
- Monmouthshire BS - Regular Saver Bond Issue 5 (min not stated)
The two Principality BS regular savers I hold (Maturity Christmas Regular Saver Bond and Regular Saver Bond Issue 24) say you don't need to pay in each month so I've cancelled my standing orders for these.
I appreciate the Lloyds and TSB accounts allow instant access penalty free withdrawals but it'd be easier just to stop the regular payments.
Many thanks in advance and apologies because I guess this has been covered up-thread.

You're absolutely correct - that's all covered in the detailed product listing on page 1 of this thread.

That means I can't miss payments into First Direct but I can miss payments into HSBC?  Is that correct?

Rich2808

Daliah said:

Great feeder account (digital only): Chase UK, 1.5% AER. Comes with full FSCS protection.

https://www.chase.co.uk/gb/en/product/chase-saver-account/

EDIT: Lovely jubbly, payments in and out are instant, and you can set up SOs to go out to UK accounts in your name. 

You do need to open up a chase current account though - and its app based. You can't have the savings account on its own.

10_66

1Dan1Dan1 said:

That means I can't miss payments into First Direct but I can miss payments into HSBC?  Is that correct?

You can't miss payments with either FD or HSBC, both minimum payments of £25 per month.

1882

Oh well most of my regular savings accounts are going to feel the draft next week not that Chase have arrived!

Daliah

Rich2808 said:

Daliah said:

Great feeder account (digital only): Chase UK, 1.5% AER. Comes with full FSCS protection.

https://www.chase.co.uk/gb/en/product/chase-saver-account/

EDIT: Lovely jubbly, payments in and out are instant, and you can set up SOs to go out to UK accounts in your name. 

You do need to open up a chase current account though - and its app based. You can't have the savings account on its own.

Leaving aside that some people don't like digital-only accounts, needing a current account as a pre-req is not a real issue though, is it? They don't run a hard credit check, and you do not have to use the current account at all(*) as you can make payments into, and out of, the savings account(s) directly.

For those who happily use app banking, this account is a no-brainer, with a 50% higher interest than the next nearest feeder account (which also needs a current account as pre-req)

(*)The current account does, however, come with a fantastic 1% cashback on nearly all day-to-day spending, for an entire year. I am not planning on making Chase my main account but I certainly have been using it for the cashback, which has so far paid me over £100 more than I would have got on my ancient Cashback Barclaycard. OK, I am a high spender but so are some others....

Daliah

I have tested the SO / future payment function of the Chase savings account, and it works a treat. Very easy to set up, definitely a superb feeder account. The payments arrived before 8 a.m. on the scheduled date, and Chase send you a text to confirm the payments have been made.

I don't think I will change the SOs for my existing Regular Savers but have set up a big SO from the Chase Saver to my existing feeder account for the 1st of a month, when all my RS SOs go out. Should I set up any new Regular Savers, I think I will feed them with SOs directly from the Chase account.

Descrabled

Ecology BS

The regular saver will be increasing interest to 1.3% variable from the present 0.8%. The easy access ISA will also become more interesting.

typistretired

Do you know when? Not showing on website and not received any notification

swanfan02

typistretired said:

Do you know when? Not showing on website and not received any notification

April 4th,

https://www.ecology.co.uk/hub/savings-rate-change-april-2022/