Regular Savings Accounts: The Best Currently Available List!

wiseonesomeofthetime

Still not seeing any recent RS worth the effort atm. 

Maybe after next interest rate meeting 🤔

schiff

Wheres_My_Cashback said:

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.

Though withdrawals are not permitted during the term, accounts can be closed with no penalty re the interest etc. I've just done that for the Christmas RS and the 24 and 26 versions. They are fixed rates and there's no chance rates will be higher till the maturity dates. Funds are FP'd on the same day if you transact before 3pm.

where_are_we

I have closed all my old Principality RS`s. They have a new RS27 paying 1.5% fixed. Maybe it`s worth opening one, keeping minimum £20 in order to be a member and not funding it any more as that is allowed? To be a voting member you have to have £100 in an account.

schiff

where_are_we said:

I have closed all my old Principality RS`s. They have a new RS27 paying 1.5% fixed. Maybe it`s worth opening one, keeping minimum £20 in order to be a member and not funding it any more as that is allowed? To be a voting member you have to have £100 in an account.

I have the RS27 as the interest rate is more than my ready money. If the latter goes to 1.5 (I don't have Chase) I'll close the 27 too!

swanfan02

swanfan02 said:

New regular saver from Suffolk Building Society, 1.65% fixed. Starts on 01/06/22,

To open this account:
• You need to be aged 16 or over.
• Deposit a minimum of between £10 and £250
• Be an existing member or a new member resident in postcode areas IP, NR, CO, CM, CB or PE.
• Be a permanent UK resident.
• An individual is only allowed to be the sole or first named account holder on one 1 Year Regular Saver (31.08.23) However, you can also be the second named account holder on one joint account.

https://www.suffolkbuildingsociety.co.uk/savings-products/1-year-regular-saver/

Kazza242

Principality Building Society have increased the interest rates paid on their First Home Steps Online Regular Savers w.e.f. 1st June 2022.  

Their online issue 1, now pays 2.05% on balances £7,501 - £25,000, 1.55% £2,501 - £7500.00 and 1.35% £1 - £2,500.00. (Closed issue).  

Their branch-based issue 1, now pays 2.40% on balances £7,501 - £25,000, 1.90% £2,501 - £7500.00 and 1.40% £1 - £2,500.00. (Closed issue).  

Their current online issue 2, now pays 2.00% on balances £7,501 - £25,000, 1.50% £2,501 - £7500.00 and 1.30% £1 - £2,500.00. (Current issue).  See here .  Furthermore, their current branch-based version (issue 3) also pays the same rates as their online issue 2.  

Full details here .

Descrabled

Loughborough - Closed Issue Accounts

Flexible Monthly Saver 1.2% interest rate as of 1st June.

Flexible Save to Buy remains at 1.5%

Information for those of us who still maintain these long term regular saver accounts that can no longer be opened.

I may ditch the Flexible monthly saver (was Monthly Saver 4) as it is no longer at market rates.

Flexible Monthly Save to Buy (was Save to Buy) still OK but I only make minimum monthly payment.

happybagger

I have both the above and am planning to do exactly as you are planning. Also planning to ditch Hanley and Leek United accounts in the next few weeks.

Waiting for ESBS announcement - they are making changes on 1/7 but have not released the details - will notify us "personally" apparently.

I had hoped that Darlington would have made some increase for their open Special Occasions and closed High Days savers, but not yet. Though both are at 1.80%

happybagger

Leek United rates from 13 June
All Regular Savers are closed issues.

Regular Savings and Homebuyer Regular Savings 1.15%
Flexible Saver 1.40%

Source

adindas

Kazza242 said:

Principality Building Society have increased the interest rates paid on their First Home Steps Online Regular Savers w.e.f. 1st June 2022.  

Their online issue 1, now pays 2.05% on balances £7,501 - £25,000, 1.55% £2,501 - £7500.00 and 1.35% £1 - £2,500.00. (Closed issue).  

Their branch-based issue 1, now pays 2.40% on balances £7,501 - £25,000, 1.90% £2,501 - £7500.00 and 1.40% £1 - £2,500.00. (Closed issue).  

Their current online issue 2, now pays 2.00% on balances £7,501 - £25,000, 1.50% £2,501 - £7500.00 and 1.30% £1 - £2,500.00. (Current issue).  See here .  Furthermore, their current branch-based version (issue 3) also pays the same rates as their online issue 2.  

Full details here .

How long will it take moving money from Principality saving account to current account and visa versa ??