Regular Savings Accounts: The Best Currently Available List!

Malchester

Emily_Joy said:

Might be of some interest: Ecology Building Society Regular Saver, no maturity date, 1.3% interest, pay in between £25 and £250 per month (no more than £3000 per year) two widthdrawals per year allowed, two missed payments per year allowed; deposits can be made by direct debit, bank transfer or cheque, open to all UK residents. Terms and conditions

I opened one last month based on being a continuous account year to year and not having a maturity date. I cannot open a Chase acct as cannot download the app. Have found the staff really helpful and efficient and would recommend them and would use them for other savings if appropriate.

Wheres_My_Cashback

tg99 said:

Loughborough 1.1% c£8k balance so if close and then they increase rates might lose out…so prob hold for a bit longer …..already have the 1.5% save to buy at 1.5% which I’ll keep.

Have spoken to Loughborough twice in recent weeks to enquire about rates before closing accounts. On both occasions I was advised that many customers have been querying the lack of movement in rates and they have seen an increase in account closure requests over the phone.
Like you I still hold the 1.5% (for now), but that is fast approaching it's £24K limit.

soulsaver

Coventry BS First Home Saver up to 1.1% from 1.0 effective 01/05/22 

JamesPeter

The Darlington Building Society 'Special Occasion Saver' (Regaular Saver) has increased to 1.8% from today (up from 1.65%):

Same T&C's - max 3 accounts and max £250 per month per account.

Darly Teen Regular Saver and Darly Young Saver regular savings account rates also increased.

https://www.darlington.co.uk/savings-accounts/regular-savings-accounts/

Every_Penny_Counts

JamesPeter said:

The Darlington Building Society 'Special Occasion Saver' (Regaular Saver) has increased to 1.8% from today (up from 1.65%):

Same T&C's - max 3 accounts and max £250 per month per account.

Darly Teen Regular Saver and Darly Young Saver regular savings account rates also increased.

https://www.darlington.co.uk/savings-accounts/regular-savings-accounts/

My Green saver is showing as 1.40% up from 1.25% as well.  However, it's not mentioned on the link provided by JamesPeter so the increase may only be for open accounts?

EPC

happybagger

For anyone with the closed-issue High Days account at Darlington BS, this has also risen to 1.80% from today (although the closed issue rates page says from 24/05/22). It shows at 1.80% on my accounts page

happybagger

Staffs Railway 1.15% prob keep for now since close to 1.2% and chance might increase rate 

Earl Shilton 1.15% same as Staffs 

Loughborough 1.1% c£8k balance so if close and then they increase rates might lose out…so prob hold for a bit longer …..already have the 1.5% save to buy at 1.5% which I’ll keep.

Think the above rates I’ve quoted are still correct unless anyone else heard anything different? Any views on likelihood of rate increases from Staffs/Earl/Loughborough?

Like you I have these accounts. ESBS and SRBS used to be top payers for open-ended RS accounts, But have now both fallen back. Also have both Lough BS accounts above, but will close the 1.1% if it doesn't move.

I'm waiting until next Monday to decide, given many BSs change on 1st of the months.

Malchester

The Darlington website says the regular savers require you to be local or an existing saver. If I open an easy access account with thenm (open to all) could I then open a regular saver acct, or do I already have to be a member? TIA

surreysaver

kuepper said:

soulsaver said:

Rich2808 said:

castle96 said:

Quite a leap from 1% fixed!  Got a link?

It is mentioned in these articles.

https://www.yourmoney.com/saving-banking/first-direct-to-hike-regular-saver-interest-to-3-5/

https://www.express.co.uk/finance/personalfinance/1599525/first-direct-savings-account-interest-rate-uk-2022

They are still offering 1% today - I might be a bit annoyed if opened this before Monday and found within a couple of days they had upped the fixed rate to 3.5% (having announced it - but not on their own website).

https://www1.firstdirect.com/savings-and-investments/savings/regular-saver-account/

Why not say - wait until Monday and you will get 3.5% - on their site NOW! 

It's not available to 28th... but take your point. Having said that, maybe it has a message if you try to apply for a RS now..

If you open one on 28th April could you pay in again on 1st May or have to wait til 28 May?

I wouldn't open one any later than the 25th of a month to allow for weekends and bank holidays etc in future months

PRAISETHESUN

surreysaver said:

kuepper said:

soulsaver said:

Rich2808 said:

castle96 said:

Quite a leap from 1% fixed!  Got a link?

It is mentioned in these articles.

https://www.yourmoney.com/saving-banking/first-direct-to-hike-regular-saver-interest-to-3-5/

https://www.express.co.uk/finance/personalfinance/1599525/first-direct-savings-account-interest-rate-uk-2022

They are still offering 1% today - I might be a bit annoyed if opened this before Monday and found within a couple of days they had upped the fixed rate to 3.5% (having announced it - but not on their own website).

https://www1.firstdirect.com/savings-and-investments/savings/regular-saver-account/

Why not say - wait until Monday and you will get 3.5% - on their site NOW! 

It's not available to 28th... but take your point. Having said that, maybe it has a message if you try to apply for a RS now..

If you open one on 28th April could you pay in again on 1st May or have to wait til 28 May?

I wouldn't open one any later than the 25th of a month to allow for weekends and bank holidays etc in future months

Pretty sure it doesn't matter in this case. From memory the FD/HSBC reg saver "month" starts on the day you open the account, rather than a calendar month.