Regular Savings Accounts: The Best Currently Available List!

kaMelo

MSE might not mention it but it's pretty clear on the Chase website.

Android version 8.1 and above and photo ID will be required.




It could be more prominent but the information is there.

alewin

Malchester said:

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

Not sure if I have messed up.
Opened an NatWest Digital saver account which went live yesterday, first standing order was setup for the 25th April.

So yesterday I transferred £150 from the NatWest current account into the saver and moved the SO to the 2nd of May.
There will not be a SO this month and neither was my first payment via SO.

Malchester

alewin said:

Malchester said:

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

Not sure if I have messed up.
Opened an NatWest Digital saver account which went live yesterday, first standing order was setup for the 25th April.

So yesterday I transferred £150 from the NatWest current account into the saver and moved the SO to the 2nd of May.
There will not be a SO this month and neither was my first payment via SO.

Don't see that being a problem. They say keeping the SO encourages continued saving and not forgetting to do the monthly transfer 

RG2015

alewin said:

Malchester said:

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

Not sure if I have messed up.
Opened an NatWest Digital saver account which went live yesterday, first standing order was setup for the 25th April.

So yesterday I transferred £150 from the NatWest current account into the saver and moved the SO to the 2nd of May.
There will not be a SO this month and neither was my first payment via SO.

This will be fine. My first payment was a manual transfer on 23 Sept 2020, and my first SO was on 1 Oct 2020.

I have received my interest on first the working day of every month ever since.

alewin

Thanks Malchester & RG2015.

JamesRobinson48

Today Melton BS has launched its 'Regular Saver 1':  2.00% p.a. variable; max £250 pm; max £3750 total balance; open and manage in branch or by post only; no postcode restrictions; withdrawals permitted without penalty.  The details provided (see link below) are a bit sketchy. For example there is said to be a "fixed term period", but it is unclear to me how the account maturity date is determined.

https://www.themelton.co.uk/instant_access/regular-saver-1/

I haven't seen an RS from the Melton before. IMHO this is a welcome step.

Descrabled

Melton RS 1

If you read the brochure the account apparently matures on 31/5/23 giving 14 possible payments. The interest is added "annually on 31 May".

The maximum amount in the account is £3500 deposit at £250 each month including April 2022 together with the interest at 2% of about £40.

Default maturity converts to "30 day notice account" currently at 0.2% interest.

dcs34

Melton RS 1

Reading the documents I don't believe the account can be managed online - although the rate is good, for me personally not being anywhere near a branch its probably not worth the aggravation to open/run via post/phone.

Newly_retired

I think once you have set it up, you can pay in by bank transfer, so that is ok.

Descrabled

Melton RS1

Reading the application form, specifically for the regular saver, asks for an email address to allow online access.

How much this online access provides can only be determined when an account is opened.

Living some distance from their office does inhibit opening an account.