Regular Savings Accounts: The Best Currently Available List!

canaldumidi

- Melton BS Jubilee Regular Saver added paying 2.7% fixed on £250 per month until 31st July 2024 but no early withdrawals allowed

I can see no early withdrawla allowed, but what about early closure?

I can only find heor general savings T&Cson theor website, no Jubilee reg save T&Cs......

Daliah

canaldumidi said:

- Melton BS Jubilee Regular Saver added paying 2.7% fixed on £250 per month until 31st July 2024 but no early withdrawals allowed

I can see no early withdrawla allowed, but what about early closure?

I can only find heor general savings T&Cson theor website, no Jubilee reg save T&Cs......

I reckon their general T&Cs apply. They say "You can close your account at any time, without giving any reason, after giving any notice required by the special conditions applying to the account, except where the funds have been accepted for a fixed term which has not expired." In other words, no early closure.

happybagger

Early closure is clearly a withdrawal (of the full balance) so unless any account-specific terms anywhere permit early closure, then it will not be permitted.

tiptoe_mouse

Special_Saver2 said:

4. Matures After 12 Months

Dudley BS Junior Easy Saver

Interest rate: 3.5% gross p.a. variable 
Monthly payment: £0-£150
Miss any payments: No stated penalty for missing any payments
Penalty-free withdrawals: No withdrawals in the first 12 months unless closing the account
Age of applicant: Aged 16 or younger
How to open account: Branch or post
Special conditions: If you already have a Junior Easy Saver savings account with Dudley BS then you cannot open this account.

The link to this account doesn't seem to work, and I can't find this account on their website - has it been withdrawn?

Descrabled

Nationwide Start to Save 2

New 24 month regular saver paying variable 2.5% interest on £0 to £50 each month.

Opens 16th June (tomorrow) according to Savers Friend.

cosh25

Halifax and Bank of Scotland regular savers are up to 1.25% for accounts opened from today.

Lloyds club regular saver now at 1.50% and their normal regular saver at 1.25%

wiseonesomeofthetime

Descrabled said:

Nationwide Start to Save 2

New 24 month regular saver paying variable 2.5% interest on £0 to £50 each month.

Opens 16th June (tomorrow) according to Savers Friend.

Cheers. 

Going to check to see if need to close old one first. 

£0 balance in that one 🤣

Growingold

Descrabled said:

Nationwide Start to Save 2

New 24 month regular saver paying variable 2.5% interest on £0 to £50 each month.

Opens 16th June (tomorrow) according to Savers Friend.

From NW website:-

We're making some changes to our savings accounts

Over the next few weeks, we'll be making some changes to the savings accounts we offer.

On 16 June, we’ll be launching two new accounts: 

• Start to Save Issue 2: a regular savings account, offering savers a chance to win £250 in up to 3 prize draws. Terms and conditions apply.
• Member Online Bond: a 3 year fixed rate bond, just for Nationwide members. You're a member if you have a current account, mortgage or savings account with us.

We'll also be increasing the interest rates on some of our savings accounts, on the 1 July.

Descrabled

Nationwide

The Start to Save 2, variable  at 2.5%is probably just within my regular savings remit, especially with the prize draw.  Currently my regular savers earn 1.74% based upoon my total balance in these accounts.  My calculated interest is 2.2% based only upon the amount of new money added each month to all regular savers.

The 3 years Members Online Bond at  2.5% is well off the money and I will not consider.  Competitive fixed 3 year rates are now near 3%.

The new rates for Lloyds Banking Group, 1.25% and 1.5% fixed rate,  are too little too late and should be avoided.

happybagger

Descrabled said:

The 3 years Members Online Bond at  2.5% is well off the money and I will not consider.  Competitive fixed 3 year rates are now near 3%.

I don't think the rate for the bond has been revealed yet, isn't the 2.5% relating to the RS?