Regular Savings Accounts: The Best Currently Available List!

londoner62

I'm turning down the Santander RS because £200 @ 2.5% will earn me about £32 but first I need to transfer my Everyday Current account to a 123 account, the cheapest of which is £24 a year leaving the equivalent of £8 a year interest! £200 at 1% would return £13!!

Daliah

londoner62 said:

I'm turning down the Santander RS because £200 @ 2.5% will earn me about £32 but first I need to transfer my Everyday Current account to a 123 account, the cheapest of which is £24 a year leaving the equivalent of £8 a year interest! £200 at 1% would return £13!!

I saw someone reporting they had opened the account despite only having an Everyday account.

ChaskhaChaia

Daliah said:

londoner62 said:

I'm turning down the Santander RS because £200 @ 2.5% will earn me about £32 but first I need to transfer my Everyday Current account to a 123 account, the cheapest of which is £24 a year leaving the equivalent of £8 a year interest! £200 at 1% would return £13!!

I saw someone reporting they had opened the account despite only having an Everyday account.

Yes that was me. 

I opened the account years ago when the 5% regular saver was on offer and at the time you only needed to have a santander current account to be able to open an RS. At a later stage, they then restricted the RS to those who had a 123, select or private bank account but I was always able to continue to open another RS on maturity despite just having an everyday account. I didn't bother renewing it once the rate dropped below 1% so I haven't had an active RS for the past year or so, but I was still able to open one this morning.

wmb194

londoner62 said:

I'm turning down the Santander RS because £200 @ 2.5% will earn me about £32 but first I need to transfer my Everyday Current account to a 123 account, the cheapest of which is £24 a year leaving the equivalent of £8 a year interest! £200 at 1% would return £13!!

I've had a 123 Lite for years and never paid the fee because I haven't had any DDs taken from it. If you look at the terms they say, "Once you have met the cashback criteria for the first time, you will begin to be charged the monthly fee." 

Nick_C

I make money on the DDs on 123 Lite.  The cashback on the direct debit for most people's fuel bills will more than cover £2.  The rest is profit. 

Sea_Shell

Re Santander...

I have 2 old accounts that were previously RSs, but are now showing as Everyday Savers, with zero balance.    Do these need to be specifically closed before opening a new RS?

milton1970

Sea_Shell said:

Re Santander...

I have 2 old accounts that were previously RSs, but are now showing as Everyday Savers, with zero balance.    Do these need to be specifically closed before opening a new RS?

Nope - fine for me

SFindlay

Sea_Shell said:

Re Santander...

I have 2 old accounts that were previously RSs, but are now showing as Everyday Savers, with zero balance.    Do these need to be specifically closed before opening a new RS?

No I had an old one that had changed to an Everyday Saver and had a zero balance but managed to open new RS. 

where_are_we

I had a 3p balance on my Santander Everyday Saver and had no problem opening a new 2.5% RS.

Malchester

where_are_we said:

I had a 3p balance on my Santander Everyday Saver and had no problem opening a new 2.5% RS.

What are you going to do with all that cash? I can beat you I have 2p left in my Vanguard Cash Account having transferred out (not regular saver I know before anyone says!!!)