Regular Savings Accounts: The Best Currently Available List!

kaMelo

Just noticed The Cumberland have upped the rates on thei regular saver and first home saver. A bit disappointing really as they only went up 0.05% and now offer 1.2% on both accounts.

Wheres_My_Cashback

Virgin HBC4 interest showing as uncleared currently and should be available after 2200. £36 in total with the previous addition.

Roll on 1400 20/05 for hopefully HBC11....and maybe, just maybe at 2%....wishful thinking!

martin222333

The Chase acct as advertised on MSE got my attention.  I checked out their website.. including the minimum android version required... 8.  Downloaded their app, installed then ran it. Got a notice that my devices android version was too low (it is 8).  Phoned them and was told sorry, they needed to update their website as the min ver was actually 8.1.

Decided to upgrade to a newer phone, S9 for £ 155.  Happy days... urm.. No! 

Despite chase, on their website and "others" saying how easy it was to open the account (and then add the 1.5% savings account), they neglected to make it obvious that the accounts were only for people with a passport or driving licence.

It is still being plugged by MSE with no mention of this. - signed, no great debit acct/no 1.5% savings and £ 155 down, of leyton

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.