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Regular Savings Accounts: The Best Currently Available List!

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  • SFindlay
    SFindlay Posts: 393 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    phillw said:
    Nick_C said:
    (I'm not in interested in the 1% potential cashback from the Debit Card.  My Barclaycard Avios are worth at least 1.2%)
    roundup can make a difference to low value transactions.

    Yep, I've managed to get £160 in the first month, but now I have it sussed what I need to do I'll be aiming for £250-300pm for the next 11 months, so effectively a regular saver at 5%  :)

    Not wishing to sound stupid but, how does round up work and how do you activate it thanks


    Since quicker explaining it than sending you links without actually helping I hope below answers your question.

    In short evry card spend is rounded up to next full pound and that money is put into a separate account called round up account. So if you spend £1.20 then 80p goes into round up account or spend £9.70 and 30p goes into the round up account. All the money in your round up account earns 5% interest which will be added monthly to your round up account. 

    In your App you should automatically have a round up account opened at same time as your current account, just click on it and you will have option to pause round ups or activate them. 
  • rob37uk
    rob37uk Posts: 22 Forumite
    Tenth Anniversary 10 Posts Combo Breaker
    tg99 said:
    Does anyone know if these Freepost addresses are still valid (found in old forum post from 2008):

    Loughborough BS
    Freepst LO.10
    6 High St
    LOUGHBOROUGH
    Leics
    LE11 0BR

    Mansfield BS
    Freepost NG44
    Regent House
    Regent Street
    Mansfield
    Nottinghamshire
    NG18 1BR

    Stafford Railway BS
    Freepost MID20753
    Stafford
    ST16 1BR



    I used the Loughborough one in early January 2022 and all worked correctly.
  • Daliah
    Daliah Posts: 3,792 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper
    As the Chase roundup (like the Natwest/RBS roundup) earns interest, it works very much like a Regular Saver account, so discussing it here isn't the crime it may be portrayed as  :disappointed:

    Without unnatural acts, however, it's going to be very difficult to make any sizeable deposit on a first of a month. Therefore the vast majority of people (including myself) won't make any significant money from those roundup gimmicks. On the other hand, if you can be bothered to make the unnatural acts, and sustain them for a year, you might make £60 - £100. Easier, and a lot less effort, to make this sort of money if you find yourself a minimum wage job, methinks
  • Daliah
    Daliah Posts: 3,792 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper
    edited 2 May 2022 at 7:22PM
    SFindlay said:

    In short evry card spend is rounded up to next full pound and that money is put into a separate account called round up account. So if you spend £1.20 then 80p goes into round up account or spend £9.70 and 30p goes into the round up account. All the money in your round up account earns 5% interest which will be added monthly to your round up account. 

    Just to clarify: it's 5% AER, starting from the date you activate roundup, and the roundup account gets emptied annually. So it works more or less like any RS, just you can't easily add a fixed monthly amount on the first (or any day) of the month.

    T&Cs here: https://www.chase.co.uk/gb/en/legal/round-ups/
  • Emily_Joy
    Emily_Joy Posts: 1,491 Forumite
    Seventh Anniversary 1,000 Posts Photogenic Name Dropper
    Halifax Regular Saver

    Maturity date is today. The balance is showing as 3200+, this month's payment went in, the interest is showing as 0.85%  :# (last year rate). What are the current rules? Last year it has been reknewed without me doing anything. I was counting on the funds to pay of some CC, so, unfortunately, need to know when the funds will be actually available. 
  • Descrabled
    Descrabled Posts: 509 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    Halifax Regular Saver
    Emily_Joy: The funds are available at any time. Just go into the app or online and transfer the funds you need upto those showing as available. The interest will be added overnight.
    If you don't want to continue the regular saver at the rubbish interest rate then cancel the accompanying saver now online or in the app.
  • Descrabled
    Descrabled Posts: 509 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    Halifax Regular Saver
    Emily_Joy: Look back over the payments into the RS and find the date last year when the interest payment was received. This year's interest and account maturity will be on the same date this year.
  • trickydicky14
    trickydicky14 Posts: 1,244 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    SFindlay said:
    phillw said:
    Nick_C said:
    (I'm not in interested in the 1% potential cashback from the Debit Card.  My Barclaycard Avios are worth at least 1.2%)
    roundup can make a difference to low value transactions.

    Yep, I've managed to get £160 in the first month, but now I have it sussed what I need to do I'll be aiming for £250-300pm for the next 11 months, so effectively a regular saver at 5%  :)

    Not wishing to sound stupid but, how does round up work and how do you activate it thanks


    Since quicker explaining it than sending you links without actually helping I hope below answers your question.

    In short evry card spend is rounded up to next full pound and that money is put into a separate account called round up account. So if you spend £1.20 then 80p goes into round up account or spend £9.70 and 30p goes into the round up account. All the money in your round up account earns 5% interest which will be added monthly to your round up account. 

    In your App you should automatically have a round up account opened at same time as your current account, just click on it and you will have option to pause round ups or activate them. 
    Thank you so much, I now fully understand.
    I choose the rooms that I live in with care,
    The windows are small and the walls almost bare,
    There's only one bed and there's only one prayer;
    I listen all night for your step on the stair.
  • Descrabled
    Descrabled Posts: 509 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    Chorley Seasonal Saver 1, 2, and 3 (closed accounts)

    email this pm that these going from 1.05% to 1.2% on 16 May. Not sure which I have but at the new higher rate I am not getting excited. Will keep as a place holder with nominal monthly addition.
  • schiff
    schiff Posts: 20,257 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Nearly all the increases in interest rates for ongoing regular savers have applied to the current balance and future payments - but not Club Lloyds Monthly Saver. I had assumed the 1.25% rate would apply on all subscriptions but it doesn't. It only applies to new accounts opened from 6.4.2022. Found that out today checking my April payment had gone in. The rate remains 1.00%.
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