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Regular Savings Accounts: The Best Currently Available List!

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  • schiff
    schiff Posts: 20,265 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    RG2015 said:
    Daliah said:
    grumbler said:
    Thank you all for the replies. I was a little busy last year to be on top of everything, but even last year I'd expect a little more than 0.5% from a regular savings account. And even with recent rise in the rates this 2%(!) hike doesn't look right. They sort of admit that 0.5% was pathetic.
    Last year, you could easily have got 3% for some of your money. @Special_Saver2 puts in a considerable effort to make it easy for us to pick the most appropriate offers. The Santander RS dropped from the top 10 in March 2018. 2.5%, OTH, is now in joint 2nd for adult Regular Savers. 
    "OTH" ?

    I always get caught out by acronyms but even Google had no answer for this.

    On theother hand.
  • schiff
    schiff Posts: 20,265 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Probably been asked before. If I withdraw £150 plus the accumulated excess over £850 from my RBoS digital saver and then deposit £150 and do that every following month, does that maximise the benefit from both the increased interest rate and the monthly deposit limit?
  • schiff said:
    Probably been asked before. If I withdraw £150 plus the accumulated excess over £850 from my RBoS digital saver and then deposit £150 and do that every following month, does that maximise the benefit from both the increased interest rate and the monthly deposit limit?
    Asked a few times before and lately just 2 pages back. All of the above is unnecessary, just stop the S/O and move the interest.
  • RG2015
    RG2015 Posts: 6,054 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    schiff said:
    RG2015 said:
    Daliah said:
    grumbler said:
    Thank you all for the replies. I was a little busy last year to be on top of everything, but even last year I'd expect a little more than 0.5% from a regular savings account. And even with recent rise in the rates this 2%(!) hike doesn't look right. They sort of admit that 0.5% was pathetic.
    Last year, you could easily have got 3% for some of your money. @Special_Saver2 puts in a considerable effort to make it easy for us to pick the most appropriate offers. The Santander RS dropped from the top 10 in March 2018. 2.5%, OTH, is now in joint 2nd for adult Regular Savers. 
    "OTH" ?

    I always get caught out by acronyms but even Google had no answer for this.

    On theother hand.
    I thought that, but on what planet does a four word description become a 3 letter acronym?

    BAM

    Bloodystupidifyou  Ask  Me
  • IanManc
    IanManc Posts: 2,450 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    RG2015 said:
    schiff said:
    RG2015 said:
    Daliah said:
    grumbler said:
    Thank you all for the replies. I was a little busy last year to be on top of everything, but even last year I'd expect a little more than 0.5% from a regular savings account. And even with recent rise in the rates this 2%(!) hike doesn't look right. They sort of admit that 0.5% was pathetic.
    Last year, you could easily have got 3% for some of your money. @Special_Saver2 puts in a considerable effort to make it easy for us to pick the most appropriate offers. The Santander RS dropped from the top 10 in March 2018. 2.5%, OTH, is now in joint 2nd for adult Regular Savers. 
    "OTH" ?

    I always get caught out by acronyms but even Google had no answer for this.

    On theother hand.
    I thought that, but on what planet does a four word description become a 3 letter acronym?

    BAM

    Bloodystupidifyou  Ask  Me
    It doesn't. The abbreviation for "on the other hand" is OTOH.  😉

    OTOH (abbreviation) definition and synonyms | Macmillan Dictionary
  • RG2015
    RG2015 Posts: 6,054 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    Daliah said:
    grumbler said:
    Thank you all for the replies. I was a little busy last year to be on top of everything, but even last year I'd expect a little more than 0.5% from a regular savings account. And even with recent rise in the rates this 2%(!) hike doesn't look right. They sort of admit that 0.5% was pathetic.
    Last year, you could easily have got 3% for some of your money. @Special_Saver2 puts in a considerable effort to make it easy for us to pick the most appropriate offers. The Santander RS dropped from the top 10 in March 2018. 2.5%, OTH, is now in joint 2nd for adult Regular Savers. 
    IanManc said:
    RG2015 said:
    schiff said:
    RG2015 said:
    Daliah said:
    grumbler said:
    Thank you all for the replies. I was a little busy last year to be on top of everything, but even last year I'd expect a little more than 0.5% from a regular savings account. And even with recent rise in the rates this 2%(!) hike doesn't look right. They sort of admit that 0.5% was pathetic.
    Last year, you could easily have got 3% for some of your money. @Special_Saver2 puts in a considerable effort to make it easy for us to pick the most appropriate offers. The Santander RS dropped from the top 10 in March 2018. 2.5%, OTH, is now in joint 2nd for adult Regular Savers. 
    "OTH" ?

    I always get caught out by acronyms but even Google had no answer for this.

    On theother hand.
    I thought that, but on what planet does a four word description become a 3 letter acronym?

    BAM

    Bloodystupidifyou  Ask  Me
    It doesn't. The abbreviation for "on the other hand" is OTOH.  😉

    OTOH (abbreviation) definition and synonyms | Macmillan Dictionary
    schiff said:
    RG2015 said:
    Daliah said:
    grumbler said:
    Thank you all for the replies. I was a little busy last year to be on top of everything, but even last year I'd expect a little more than 0.5% from a regular savings account. And even with recent rise in the rates this 2%(!) hike doesn't look right. They sort of admit that 0.5% was pathetic.
    Last year, you could easily have got 3% for some of your money. @Special_Saver2 puts in a considerable effort to make it easy for us to pick the most appropriate offers. The Santander RS dropped from the top 10 in March 2018. 2.5%, OTH, is now in joint 2nd for adult Regular Savers. 
    "OTH" ?

    I always get caught out by acronyms but even Google had no answer for this.

    On theother hand.
    Ah thanks, I see.

    @Daliah made a mistake and @schiff failed to mention this in their response.
  • PRAISETHESUN
    PRAISETHESUN Posts: 4,877 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    schiff said:
    Probably been asked before. If I withdraw £150 plus the accumulated excess over £850 from my RBoS digital saver and then deposit £150 and do that every following month, does that maximise the benefit from both the increased interest rate and the monthly deposit limit?

    As @Wheres_My_Cashback says - no need to complicate things. The terms for both NatWest and RBS digital savers seem to say that once you reach £1k you can cancel your SO, so there's no need to do anything further except skim off the interest each month
  • Malchester
    Malchester Posts: 988 Forumite
    Eighth Anniversary 500 Posts Photogenic Name Dropper
    For RBS you don't need to keep the SO going. I have cancelled mine after first payment of £1 went in. Now just transfer as much as I want when I want up to £150
  • RG2015
    RG2015 Posts: 6,054 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper Photogenic
    schiff said:
    Probably been asked before. If I withdraw £150 plus the accumulated excess over £850 from my RBoS digital saver and then deposit £150 and do that every following month, does that maximise the benefit from both the increased interest rate and the monthly deposit limit?

    As @Wheres_My_Cashback says - no need to complicate things. The terms for both NatWest and RBS digital savers seem to say that once you reach £1k you can cancel your SO, so there's no need to do anything further except skim off the interest each month
    They do say this.


  • Daliah
    Daliah Posts: 3,792 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper
    RG2015 said:
    Daliah said:
    grumbler said:
    Thank you all for the replies. I was a little busy last year to be on top of everything, but even last year I'd expect a little more than 0.5% from a regular savings account. And even with recent rise in the rates this 2%(!) hike doesn't look right. They sort of admit that 0.5% was pathetic.
    Last year, you could easily have got 3% for some of your money. @Special_Saver2 puts in a considerable effort to make it easy for us to pick the most appropriate offers. The Santander RS dropped from the top 10 in March 2018. 2.5%, OTH, is now in joint 2nd for adult Regular Savers. 
    IanManc said:
    RG2015 said:
    schiff said:
    RG2015 said:
    Daliah said:
    grumbler said:
    Thank you all for the replies. I was a little busy last year to be on top of everything, but even last year I'd expect a little more than 0.5% from a regular savings account. And even with recent rise in the rates this 2%(!) hike doesn't look right. They sort of admit that 0.5% was pathetic.
    Last year, you could easily have got 3% for some of your money. @Special_Saver2 puts in a considerable effort to make it easy for us to pick the most appropriate offers. The Santander RS dropped from the top 10 in March 2018. 2.5%, OTH, is now in joint 2nd for adult Regular Savers. 
    "OTH" ?

    I always get caught out by acronyms but even Google had no answer for this.

    On theother hand.
    I thought that, but on what planet does a four word description become a 3 letter acronym?

    BAM

    Bloodystupidifyou  Ask  Me
    It doesn't. The abbreviation for "on the other hand" is OTOH.  😉

    OTOH (abbreviation) definition and synonyms | Macmillan Dictionary
    schiff said:
    RG2015 said:
    Daliah said:
    grumbler said:
    Thank you all for the replies. I was a little busy last year to be on top of everything, but even last year I'd expect a little more than 0.5% from a regular savings account. And even with recent rise in the rates this 2%(!) hike doesn't look right. They sort of admit that 0.5% was pathetic.
    Last year, you could easily have got 3% for some of your money. @Special_Saver2 puts in a considerable effort to make it easy for us to pick the most appropriate offers. The Santander RS dropped from the top 10 in March 2018. 2.5%, OTH, is now in joint 2nd for adult Regular Savers. 
    "OTH" ?

    I always get caught out by acronyms but even Google had no answer for this.

    On theother hand.
    Ah thanks, I see.

    @Daliah made a mistake and @schiff failed to mention this in their response.
    TUO - two unforgiveable offences
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