Regular Savings Accounts: The Best Currently Available List!

Bobblehat

Deleted_User said:

Coventry BS too quick off the mark to be first to tell us that their variable rates would be increasing following today's base rate rise. 

I received a heads up on the 0.25% BOE increase from Charter Savings Bank an hour before the Coventry email ....and CSB got it right too!  So Coventry not that quick off the mark!

CSB say they are reviewing their rates too .... so let's see what they can offer!

veryintrigued

SFindlay said:

Deleted_User said:

Coventry BS too quick off the mark to be first to tell us that their variable rates would be increasing following today's base rate rise. 

Why too quick off the mark?? Seems like it's the old story can't do right for doing wrong, if they didn't announce changes for a while everyone would be moaning!!

Let's be honest the 0.25% increase hardly came out the blue so all organisations have had plenty of time to decide what their response would be if that expected increase did come as expected so Coventry (and many other institutions) will have known what they would do and hats off to them for declaring early. 

Indeed.

It's laughable that there have been seven (make that eight now) updates on this thread around the emails highlighting to Coventry members that they will be making some sort of increase but with no details.

That's an email(s) which all Coventry RS holders will have received anyway.

It's such a shame this thread has become so diluted with members posting diaries, non news and details of pseudo RS.

Does anyone know where the thread identifing new Regular Savers or factual changes to rates of RS went?

10_66

Santander Regular Saver:  Account opened 11th April, initial standing order went in on the 13th April.  Is the first date that I can add to it the 11th or the 13th, please?  I think it's the 11th (going on what their summary states), but as the only date shown on the statement is the 13th, just want to make sure.

PRAISETHESUN

10_66 said:

Santander Regular Saver:  Account opened 11th April, initial standing order went in on the 13th April.  Is the first date that I can add to it the 11th or the 13th, please?  I think it's the 11th (going on what their summary states), but as the only date shown on the statement is the 13th, just want to make sure.

For Santander, your monthly period runs from the day your account opens (IE. 11th Apr - 10th May). It doesn't matter when you make your deposit, just that you don't exceed £200/month. Month 2 will start on 11th May and you can make your deposit anytime up until 10th Jun.

10_66

PRAISETHESUN; thanks for confirming, I was pretty sure it was, but it's been a while since I bothered with the Santander Regular Saver.

kaMelo

The Cumberland have increased their First Home Saver and Regular Saver accounts again, I don't know when it happened but it's nothing to get excited about. Maybe they're embarrassed about the piffling increase so chose not to notify anyone about it.
Both are now offering 1.3%, up from 1.25%

Special_Saver2

Hi Everybody,

I have changed the following items on page 1 of this thread for this weekend's update.

- Cumberland BS Regular Saver (Issue 3) interest rate updated to 1.3%
- Cumberland BS First Home Saver Account (Issue 2) interest rate updated to 1.3%
- Earl Shilton BS Regular Monthly Saver interest rate updated to 1.3%
- First Direct Regular Saver Account interest rate updated to 3.5% for new applicants
- Darlington BS Teen Goal Saver interest rate updated to 2.55%
- Darlington BS Darly Young Saver interest rate updated to 2.05%
- Darlington BS Special Occasion Saver interest rate updated to 1.8%
- Darlington BS Green Regular Saver added to the list, paying 1.4% on up to £250 per month with no maturity date, only available to locals and existing customers, although I note from JamesRobinson48 that you could open an easy access account and then open a regular saver account 
- Ecology Building Society Regular Saver added to the list, paying 1.3% on up to £250 per month with no maturity date

I will be reviewing the interest rates that I use for the cut off for inclusion in page 1 of this thread but I would like to see what happens to interest rates following the latest Bank of England interest rate rise first.

I will do the next update next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

Kazza242

RG2015 said:

Will be very interesting to see if any of their new rates are competitive come the 1st of June. 

The Coventry Building Society website is listing their new savings rates, which will take effect from 1st June 2022:

With regards to their regular savers:

The Regular Saver (issue 5) rate will be increasing from 1.25% to 1.65% (which allows payments of £1 - £500 per month)

The First Home Saver rate will be increasing from 1.10% to 1.50% (which allows payments of £1 - £1,000 per month)

The rates on both accounts are increasing by 0.40% respectively.

See here

apt

Closed versions of Coventry BS regular savers are also increasing to 1.65%.

schiff

It will be interesting to see which way Virgin will jump for HBC 11, due to surface in 10 days-ish. Remember when fixed rates ruled the roost, when we knew they wouldn't cut the rate. It's the variables that we are appreciating now.