Regular Savings Accounts: The Best Currently Available List!

soulsaver

ashteadgirl said:

veryintrigued said:

TheWoodler said:

Not a sausage. I’m set up to receive emails from them and nothing - not even in spam. I’m a little less than impressed I haven’t been contacted when so many others have! 

Skipton online existing member regular saver - maturity instruction email

Nothing received here yet either.

On the app mine is showing a maturity date of 26/8.  

Are the maturity dates for those that have already received this email before this date?

Yes, mine matures 16/8. Received my email day before yesterday

Same here.
@veryintrigued looks like you have a few days to wait yet. If the same as mine, add a couple of days more for the maturity options to appear online. 

dekkard

Wheres_My_Cashback said:

where_are_we said:

With increasing interest rates, the fixed 1.75% Virgin Home Buying Coach Regular Savers are now not competitive. Even the Virgin M Plus Saver is now 1.71%. Has anyone closed one of these accounts? Are there any issues? There is no loss of interest. The alternative is reduce the balance to £1 and have a monthly standing order for £1 until maturity.

Virgin have been known to increase RS rates in the past for already open accounts. Let's hope that come 4th Aug or soon after there will be an increase.
Even if not the HBC RS are effectively easy access savings accounts so will still trump other accounts in this category.

Loughborough RS and some Monmouth RS however are now no longer viable unless rates increase.

Time to re-evaluate some S/Os before Monday.

The Virgin Home Buying Coach accounts are all fixed interest rate so the rate won't be changing, right?

Daliah

dekkard said:

The Virgin Home Buying Coach accounts are all fixed interest rate so the rate won't be changing, right?

Correct, and you can withdraw and/or close without loss of interest.

Section62

dekkard said:

Wheres_My_Cashback said:

where_are_we said:

With increasing interest rates, the fixed 1.75% Virgin Home Buying Coach Regular Savers are now not competitive. Even the Virgin M Plus Saver is now 1.71%. Has anyone closed one of these accounts? Are there any issues? There is no loss of interest. The alternative is reduce the balance to £1 and have a monthly standing order for £1 until maturity.

Virgin have been known to increase RS rates in the past for already open accounts. Let's hope that come 4th Aug or soon after there will be an increase.
Even if not the HBC RS are effectively easy access savings accounts so will still trump other accounts in this category.

Loughborough RS and some Monmouth RS however are now no longer viable unless rates increase.

Time to re-evaluate some S/Os before Monday.

The Virgin Home Buying Coach accounts are all fixed interest rate so the rate won't be changing, right?

As Wheres_My_Cashback suggests, Virgin have been known to increase the interest rate on regular savings accounts with a fixed rate.

Whether that might happen again in the future none of us can predict.

schiff

Once easy access rates go up to 1.75% or 1.80% - which can't be so far off now - Virgin will have to do something. It won't be worth putting more money into the existing RSs. I thought the last one was very risky on their part.

Rollinghome

veryintrigued said:

TheWoodler said:

Not a sausage. I’m set up to receive emails from them and nothing - not even in spam. I’m a little less than impressed I haven’t been contacted when so many others have! 

Skipton online existing member regular saver - maturity instruction email

Nothing received here yet either.

On the app mine is showing a maturity date of 26/8.  

Are the maturity dates for those that have already received this email before this date?

You should get an email 2-3 weeks before maturity. 

If you don't give an instruction, your cash goes into an easy access "Online Matured Funds Issue 9 A" (which currently pays 0.9%), and you can withdraw whenever you want from there. 

karie

Not sure if it’s covered here but just came across a YBS reg saver offering 5%.
for existing customers only unfortunately 

RG2015

karie said:

Not sure if it’s covered here but just came across a YBS reg saver offering 5%.
for existing customers only unfortunately 

Yes, it was covered a few days ago on this thread. (Page 497, 19th July 2022)

Also, page 1 of this thread is regularly updated and does have the YBS RS 5% account.

Wheres_My_Cashback

Daliah said:

dekkard said:

The Virgin Home Buying Coach accounts are all fixed interest rate so the rate won't be changing, right?

Correct, and you can withdraw and/or close without loss of interest.

Not correct. Only Virgin know whether they will increase the rate or not.

As you should know they have increased fixed rate RS in the past.

Special_Saver2

Hi Folks,

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

- Virgin Money M Plus Current Account (feeder account section) updated to show the linked savings account now pays 1.71% interest on balances up to £25,000 and 1% on balances over £25,000

- Darlington BS Special Occasion Saver terms and conditions summary on page 1 of this thread updated to remove this line (which appears to no longer be true looking at the current terms and conditions) - "If you move out of the postcode area you will have to close your account or transfer your money to another open issue Darlington BS account."

- Darlington BS Teen Goal Saver interest rate updated to 2.95%

- Darlington BS Darly Young Saver interest rate updated to 2.45%

- Darlington BS Special Occasion Saver interest rate updated to 2.2%

- Darlington BS Green Regular Saver interest rate updated to 1.8%

- Principality BS Learner Earner Issue 3 (Adult with a Child) interest rate updated to 2.95% from 1st August 2022

- Principality BS Thank You Saver (Issue 4) and Principality BS Thank You Online Saver (Issue 4) updated to 2% gross p.a. variable from 1st August 2022

- Principality BS First Home Steps Savings Account (Issue 3) interest rate updated to 1.5% - 2.2% gross p.a. variable (1.5% if your balance is £2,500, then 1.7% if your balance is £2,501 - £7,500 then 2.2% from £7,500 to £25,000) from 1st August 2022

I will do the next update next weekend.

SS2

---

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