Regular Savings Accounts: The Best Currently Available List!

Nick_C

Gers said:

Thanks to the folks here I have closed two low interest paying RSs and opened Santander and Lloyds Club RSs.

I'm assuming you don't have a smart phone with an up to date operating system?

With Chase paying 1.5%, I want at least 1.75% and flexibility from any new RS.  Club Lloyds is my main current account, but 1.25% for a new RS is a joke.

Frogletina

MDMD said:

Frogletina said:

MDMD said:

Club Lloyds monthly saver now 1.25%. Usual rules apply that if you have opened one in last 12 months can’t open this until you go past 12 months:

https://www.lloydsbank.com/savings/club-lloyds-monthly-saver.html

Standard LBG regular savers at Halifax, Lloyds, BOS now 1%

I tried  to close this account, but the message I got was that I couldn't close the account unless there was £5 or less in there. So I transferred the bulk of the money leaving £5 in the account and now I have a message saying that the account cannot be closed online.

My account only has until May to run, so I thought I'd close it now as the interest I get will be in the new tax year, and transfer all the money to Chase.

It’s a faff but you need to log onto online banking and change the account type to an easy saver (I think it’s under other account services) which will crystallise the interest, you then withdraw down to zero.

Thanks for this information. I ended up sending a message via Lloyds Bank facebook messenger who told me to use the Message Us option via the Lloyds app. It is closed now, but I will remember your advice in future.

Frogletina

Nick_C said:

With Chase paying 1.5%, I want at least 1.75% and flexibility from any new RS.  Club Lloyds is my main current account, but 1.25% for a new RS is a joke.

I've still got the Coventry RS, it will cost me 30 days interest to close, but probably worth it - already reduced pay in to £10 a month

I've kept the Yorkshire make me a saver account, just for the prize draw - reduced pay in to £50 a month

I might close the Yorkshire Christmas saver

Plus I've kept the Leeds Regular saver at the minimum, just so I have a presence there.

All my other Reg savers I've closed, or are above 1.75%

I do have the Chase Savings account which is rapidly getting filled.

Rich2808

MDMD said:

Club Lloyds monthly saver now 1.25%. Usual rules apply that if you have opened one in last 12 months can’t open this until you go past 12 months:

https://www.lloydsbank.com/savings/club-lloyds-monthly-saver.html

Standard LBG regular savers at Halifax, Lloyds, BOS now 1%

Of course the question should you wait to open up the Club Lloyds and other fixed rate regular savers (e.g. HSBC/First direct) paying below 1.5% - in case rates go up further. A 1.25% fixed rate for a year doesn't look that enticing at present. Coventry's variable rate regular saver for example pays 1.15% - and the rate would presumably go up with further base rate rises. 

Wheres_My_Cashback

Frogletina said:

Nick_C said:

With Chase paying 1.5%, I want at least 1.75% and flexibility from any new RS.  Club Lloyds is my main current account, but 1.25% for a new RS is a joke.

I've still got the Coventry RS, it will cost me 30 days interest to close, but probably worth it - already reduced pay in to £10 a month

I've kept the Yorkshire make me a saver account, just for the prize draw - reduced pay in to £50 a month

I might close the Yorkshire Christmas saver

Plus I've kept the Leeds Regular saver at the minimum, just so I have a presence there.

All my other Reg savers I've closed, or are above 1.75%

I do have the Chase Savings account which is rapidly getting filled.

Agreed 1.75% is my minimum for new RS, though I still do have some operating below that at 1.5 / 1.6 which will remain.
Have closed 10 RS accounts over the past week and reduced deposits on others to minimums, either £0 / £1 / £25 where there are restrictions/penalties applicable.
I also have kept the YBS Make just for the draw....wishful thinking !
Leeds (I've closed mine), as long as you still have an online presence (it's not removed when closing a/c) you can open accounts quickly as if a current customer, just like Saffron.

Frogletina

Rich2808 said:

MDMD said:

Club Lloyds monthly saver now 1.25%. Usual rules apply that if you have opened one in last 12 months can’t open this until you go past 12 months:

https://www.lloydsbank.com/savings/club-lloyds-monthly-saver.html

Standard LBG regular savers at Halifax, Lloyds, BOS now 1%

Of course the question should you wait to open up the Club Lloyds and other fixed rate regular savers (e.g. HSBC/First direct) paying below 1.5% - in case rates go up further. A 1.25% fixed rate for a year doesn't look that enticing at present. Coventry's variable rate regular saver for example pays 1.15% - and the rate would presumably go up with further base rate rises. 

Coventry's regular saver goes up to 1.25% on 1st May

mhoc

I wasn't sure what sort of Santander account I had - OH has a normal account  so I know his wont be suitable for a regular saver.

But I have 1 2 3 Lite Current account which is mostly dormant  apart from a small balance- I dont have direct debits, I dont pay £2 a month, dont pay in £500 a month and often forget to log in once every three months. I think I had it when they ere previously paying a good regular saver rate but that finished so its sat there ever since.
They emailed me recently and also sent a letter so I did a £1 withdrawal to keep the account open. 

I am wondering if its eligible current account for a regular saver or would that alert them to the fact that I am not compiling with the rules. Might have a try tomorrow to see if it will allow me to open one online.

Malchester

Have Ecology BS regular saver paying 1.3% on £250 a month. I know its lower than Chase (but my new tablet is incompatible with the app). The benefit is it continues as long as you want it and is not restricted to just one year. Also have RBS digital saver and Nationwide Flex Regular Saver. May look at others in the future

vermania

Frogletina said:

MDMD said:

Club Lloyds monthly saver now 1.25%. Usual rules apply that if you have opened one in last 12 months can’t open this until you go past 12 months:

https://www.lloydsbank.com/savings/club-lloyds-monthly-saver.html

Standard LBG regular savers at Halifax, Lloyds, BOS now 1%

I tried  to close this account, but the message I got was that I couldn't close the account unless there was £5 or less in there. So I transferred the bulk of the money leaving £5 in the account and now I have a message saying that the account cannot be closed online.

My account only has until May to run, so I thought I'd close it now as the interest I get will be in the new tax year, and transfer all the money to Chase.

Club Lloyds Regular Saver
 I did that very same thing yesterday, so to get the interest in the previous tax year! They will close it over the phone within 5-10 minutes if you want. Same with the monthly saver, and Halifax too.

Gers

Nick_C said:

Gers said:

Thanks to the folks here I have closed two low interest paying RSs and opened Santander and Lloyds Club RSs.

I'm assuming you don't have a smart phone with an up to date operating system?

With Chase paying 1.5%, I want at least 1.75% and flexibility from any new RS.  Club Lloyds is my main current account, but 1.25% for a new RS is a joke.

Oh, I have Chase accounts too and an up to date smart phone!  I am happy to close two x 1% RSs and open Santander and Club Lloyds.  Works for me.