Regular Savings Accounts: The Best Currently Available List!

Wheres_My_Cashback

Descrabled said:

Principality RS27

1.5% fixed rate £1-£250 per month 12 month bond. No withdraw.

Not for me as my lower limit is now 2% no withdraw or 1.75% easy access (Virgin HB series)

There was a time recently when Principality were ahead of the competition, but unfortunately those days seem to have gone. Shame, as they have one of the easiest opening/maturing processes and a great online facility.

trickydicky14

typistretired said:

Saffron BS I rang their 0800 number and was very quickly put through to an advisor. All completed in 5 minutes.

Just spoke to Lisa at Saffron, done and dusted in 5 minutes, what a joy.

soulsaver

Stafford Railway BS regular saver: Just tripped over info that says rate move expected 01 June to 1.3% variable.

Regular Saver – Issue 1 (srbs.co.uk)

Not a top RS, but instant access (in person/post); it's open ended & £500 pm max.

So after a year effectively you've got £6k in an 1.3% EA ac and still adding.


Post code limited.

Account is visible on line, but only transactable with pass book - so post or branch for withdrawals. 

Nick_C

soulsaver said:

Stafford Railway BS regular saver: Just tripped over info that says rate move expected 01 June to 1.3% variable.

I wouldn't open anything now that was less than 1.75% with access to withdraw the money when better rates come along.

I have a Skipton easy access tracker account (Flexible ISA) paying 1.35%.  I will move money from Chase @1.5% to Skipton next time the BOEBR goes up (unless Chase also increase their rate).

I currently have 8 RS with rates spread from 1.75% to 5%, with an average of 2.8%

Even so, with inflation at 9%, keeping money in the bank is still a sure fire way of losing value.  You will get a better return stocking up on cornflakes and dry or tinned food.

Daliah

soulsaver said:

Stafford Railway BS regular saver: Just tripped over info that says rate move expected 01 June to 1.3% variable.

Regular Saver – Issue 1 (srbs.co.uk)

Not a top RS, but instant access (in person/post); it's open ended & £500 pm max.

So after a year effectively you've got £6k in an 1.3% EA ac and still adding.


Post code limited.

Account is visible on line, but only transactable with pass book - so post or branch for withdrawals. 

You can get 1.3% at Ford Money, without a £500 deposit limit.

happybagger

Just for interest, I have a residual Hanley Economic BS reg saver account, used to be called Target Shares. Still open issue. Has paid 0.60% since May 2020. I've kept it with a low balance because they used to be "locals only" so also gave access to other accounts.

Finally, after 4 BoE rises, they are going to alter their accounts, but not until 1 July, and not until the NEXT BoE meeting has concluded.

I guess the directors of this society have maintained "working from home" and not been paying attention.

Special_Saver2

Hi Folks,

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

- Interest rates on the three Bath BS regular savers updated (from 1st July onwards)
- Saffron BS 12 Month Fixed Rate Members Regular Saver (Issue 10) updated from issue 9
- Saffron BS Small Saver (Issue 3) withdrawn and removed from page 1
- Stafford Railway BS Regular Saver (Issue 1) interest rate increased to 1.3% from 1st June
- Principality BS Dylan Regular Saver Bond (Issue 9, children only) updated from issue 8, paying 2.75% now
- Chorley BS Children's Regular Saver (Issue 2) interest rate increased to 1.35%
- Principality BS Regular Saver Bond (Issue 27) updated from issue 26, paying 1.5% now
- Kent Reliance Regular Savings (Issue 6) interest rate increased to 1.4%

For this account - Bath BS 16-25 Regular Saver - my entry on page 1 already states the account can only be opened by people who work, live or study in Bath and my entry on this account - Bath BS Regular Saver - already says that existing customers can open this account.

Given rising interest rates, I am now changing the criteria for inclusion on page 1 of this thread. For inclusion on this thread, the minimum interest rate is 1.75%, or 1.25% if there are particularly good account conditions. 

I have gone through every account on the first page of this thread, checked the current interest rates and removed the accounts that no longer meet the criteria above.

I will do the next update the weekend after next.

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

adindas

I just cheeked it my saffron 12 Month Fixed Rate Members Regular Saver is only paying 1.75%.

AFAIK you could not get two RSAs running parallel at the same time. I tried that last year they close one of them.

Is there any way of getting i10, such as closing i9 and reopen i10 in order to get interest of 2.05% ?

veryintrigued

adindas said:

I just cheeked it my saffron 12 Month Fixed Rate Members Regular Saver is only paying 1.75%.

AFAIK you could not get two RSAs running parallel at the same time. I tried that last year they close one of them.

Is there any way of getting i10, such as closing i9 and reopen i10 in order to get interest of 2.05% ?

If only there was two pages of chatter on this thread detailing how to do this.

(Which is exactly the same procedure as issue 8 to 9)

kaMelo

adindas said:

I just cheeked it my saffron 12 Month Fixed Rate Members Regular Saver is only paying 1.75%.

AFAIK you could not get two RSAs running parallel at the same time. I tried that last year they close one of them.

Is there any way of getting i10, such as closing i9 and reopen i10 in order to get interest of 2.05% ?

Yes, just contact them and explain you want to close your existing RS and open the new version. Transfer £500 from your existing RS into the new account and the remainder to your linked bank account. I did the same from the previous version into version 9 and again recently into version 10. Both times done efficiently without any fuss.