Regular Savings Accounts: The Best Currently Available List!

RG2015

eskbanker said:

RG2015 said:

kuepper said:

Natwest digital regular saver up to 3.3% aer (and monthly amount raised to £150 pcm, I thought it was £50?)

Thanks for this.

They increased the monthly maximum deposit from £50 to £150 a few days ago. It was mentioned somewhere on the MSE forum.

The listings on page one of this thread have it at £150, last edited on 19 March....

On this thread 16 March. Page 424

https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p424

dcs34

Call my cynical but I wonder if these sudden increase in rates is due to reduced deposits at the end of last month and start of this month

trickydicky14

Daliah said:

Santander are said to launch a 2.5% Regular Saver tomorrow. £200 max per month, and must be a 123 or Select account holder.

Does that include the Santander 123 Lite account.? 

phillw

IvanOpinion said:

Santander launching a 2.5% regular saver (£200 per month) on 6th April

Hopefully not the same as the old one...

Regular eSaver

Online regular savings funded from your Santander current account, exclusively for 1|2|3 World, Santander Select or Private Banking customers

RG2015

trickydicky14 said:

Daliah said:

Santander are said to launch a 2.5% Regular Saver tomorrow. £200 max per month, and must be a 123 or Select account holder.

Does that include the Santander 123 Lite account.? 

If you look towards the end of the article on the link below, the Santander person says Santander World customers, which has previously included 123 Lite account holders.

 https://www.express.co.uk/finance/personalfinance/1591310/santander-uk-bank-savings-account-interest-rate-uk-2022

Frogletina

phillw said:

IvanOpinion said:

Santander launching a 2.5% regular saver (£200 per month) on 6th April

Hopefully not the same as the old one...

Regular eSaver

Online regular savings funded from your Santander current account, exclusively for 1|2|3 World, Santander Select or Private Banking customers

I'm not sure what the problem is 

If you hold one of the following products you're part of 1|2|3 World

• 1|2|3 Current Account
• 1|2|3 Lite Current Account
• 1|2|3 Mini Current Account
• 1|2|3 Student Current Account

RG2015

Frogletina said:

phillw said:

IvanOpinion said:

Santander launching a 2.5% regular saver (£200 per month) on 6th April

Hopefully not the same as the old one...

Regular eSaver

Online regular savings funded from your Santander current account, exclusively for 1|2|3 World, Santander Select or Private Banking customers

I'm not sure what the problem is 

If you hold one of the following products you're part of 1|2|3 World

• 1|2|3 Current Account
• 1|2|3 Lite Current Account
• 1|2|3 Mini Current Account
• 1|2|3 Student Current Account

Currently there is no information directly from Santander. The media reports are saying 123 accounts, with no mention of 123 Lite accounts.

However, the Express has a quote from Hetal Parmar, the head of Banking and Savings at Santander UK, and this is the first and only time (currently) that 123 World has been mentioned.

Daliah

trickydicky14 said:

Daliah said:

Santander are said to launch a 2.5% Regular Saver tomorrow. £200 max per month, and must be a 123 or Select account holder.

Does that include the Santander 123 Lite account.? 

I am pretty sure it will.

Only a few hours now until we see the Santander T&Cs for this account.

vernall

For some reason last time I had a 123 Lite( think I downgraded from the normal 123) they never enforced the monthly fee as I never claimed any of the % cash back and I never had any direct debits from the account. Have they clamped down on this? Worth me opening one maybe

SFindlay

RG2015 said:

Frogletina said:

phillw said:

IvanOpinion said:

Santander launching a 2.5% regular saver (£200 per month) on 6th April

Hopefully not the same as the old one...

Regular eSaver

Online regular savings funded from your Santander current account, exclusively for 1|2|3 World, Santander Select or Private Banking customers

I'm not sure what the problem is 

If you hold one of the following products you're part of 1|2|3 World

• 1|2|3 Current Account
• 1|2|3 Lite Current Account
• 1|2|3 Mini Current Account
• 1|2|3 Student Current Account

Currently there is no information directly from Santander. The media reports are saying 123 accounts, with no mention of 123 Lite accounts.

However, the Express has a quote from Hetal Parmar, the head of Banking and Savings at Santander UK, and this is the first and only time (currently) that 123 World has been mentioned.

Quote from Your money.com

The Regular e-Saver, which can be opened online or on mobile allows 123 current account (Lite, Private and Select) customers to pay in up to £200 per month, up to a maximum balance of £2,400.

The funds must be paid into the account via standing order from an existing Santander 123 World, Select or Private current account.

Any money paid in and later withdrawn will count towards the £200 monthly limit.

But, on the maximum £2,400 deposited over the year, you could earn up to £32.26 in interest, up from the current £6.50.

For existing Santander 123 regular savers, you’ll have to wait until your account matures at the end of the 12-month period to get the higher rate.

But Santander confirmed customers can choose to close their existing Regular e-Saver via Chat. Once closed, the balance and accrued interest from the old account will be paid and they can then open a new Regular e-Saver via Online or Mobile Banking. This may be particularly handy for customers who have just started paying into the regular saver at the lower 0.5%.

Last month Santander confirmed the in-credit interest rate on its 123, Select and Private current accounts would rise from 0.30% AER/gross to 0.50% AER/gross as of 28 March.

This means customers can earn up to £100 in interest on their account each year, up from the current £60.

Hetal Parmar, head of banking and savings at Santander UK, said: “We understand saving for the future remains important to many customers, and following the recent increase to the interest rate on our 123 Current Account, we’re pleased to offer 123 World customers even more value with our new Regular e-Saver.”