Regular Savings Accounts: The Best Currently Available List!

adindas

Descrabled said:

Cambridge

T&C allow on!y one regular saver of any type per person. The app and online do not appear to allow payments to the Reward Regular Saver by debit card.

Has anyone found a work around?

I have both Loyalty Regular Saver and Extra Reward Regular Saver and have been running for a few months now. When I open it I do not remember ever read "one regular saver" so just try and see what come.

This is what is said in their documentation about paying by Debit card (see below) for both RSA. I just tried it yesterday, and I could not find any button/menu to allow paying by debit card. I am just thinking because it is probably Because I have SO active ?? Thus asking has anyone managed to pay by Debit card on their Cambridge RSA.

Section62

adindas said:

Section62 said:

Descrabled said:

Cambridge

T&C allow on!y one regular saver of any type per person. The app and online do not appear to allow payments to the Reward Regular Saver by debit card.

Has anyone found a work around?

Phoning them.  It takes a few minutes for security and taking the card details. Job done.

adindas said:

Cambridge Loyalty regular saver up to £250 per month

Which account is this?  The 2020 issue with that name had a £100/month limit?

It is called Loyalty Regular saver Paying 3.00%. It is exclusively for members.

I have both

Regular saver Paying 3.00% and

Extra Reward Regular Saver 5%

It's the other way round then.

The Loyalty RS is £100/month, the Extra Reward RS is £250/month, as per the summary box extracts you've posted.

Shame, I thought there might be a new Loyalty RS I'd missed.

GalacticaActual

I have received my email from the Skipton Building Society requesting maturity instructions (in two weeks’ time) for the Online Existing Member Regular Saver (3.50% fixed for 12 months),

Having paid in £250 x 12 months (£3,000), the interest accrued on maturity will be £56.37, according to Skipton Building Society.

As others have mentioned, Skipton are offering a few new accounts upon maturity: a 1 year Fixed Rate Member eBond Issue 1 A paying 2.00% on £500+ and an Online Matured Funds Issue 9 A paying 0.90% on £1+.

Alternatively, you can have funds transferred by Faster Payment to a nominated bank/building society account (you can have a maximum of 2 external accounts per savings account at the Skipton).

The other options are to transfer to an existing Skipton savings account or a cheque withdrawal.

Bigwheels1111

Called Skipton yesterday to sort out maturity, can’t be done online.
They confirmed this when I called.
I opened an easy access account with £1.
Just in case they make a regular saver offer again to members.

10_66

Bigwheels1111 said:

Called Skipton yesterday to sort out maturity, can’t be done online...

I did mine online, in the maturity options, and received a confirmation email re my choice of withdrawal of funds.

london21

Never heard of Tandem before but seem to be offering 1.65%, tempting to move some funds there as not currently getting anything from Santander.

Other option is topping up my monthly ISA investments. 

Bigwheels1111

london21 said:

Never heard of Tandem before but seem to be offering 1.65%, tempting to move some funds there as not currently getting anything from Santander.

Other option is topping up my monthly ISA investments. 

Tandem are fine, but Shawbrook offer easy access at 1.75% and Al Ryan is 1.8%.

liamcov

With the various Bath BS regular savers, what does 1, 2 etc withdrawals a year mean - is it the calendar year?

Pompeydave1967

Yes in a year , ok if you don’t need to withdrawal £££ often.

Special_Saver2

Hi Everybody,

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

- Added Cambridge BS Reward Regular Saver paying 3% fixed on up to £250 per month for 12 months but it is only for people who have been existing customers for at least 12 months, no withdrawals apart from account closure and that comes with a 90 day interest penalty (and it is explicitly made clear that this means that if you close the account less than 90 days after you opened it then you will get back less money than you deposited), and you cannot open it if you already have another regular saver account with them

- Updated the introduction to remove having a fixed interest rate as a favourable condition that permits inclusion on this list if the account is paying 1.4% interest (in the current environment having a fixed rate appears to be a disadvantage and so unless there is some other favourable condition such as being able to pay in £500 or more per month, or account maturity after 2 years or longer, then fixed rate accounts will not be given special treatment and they will need to meet the current minimum interest rate of 1.75% for inclusion in this thread)

Given this week's Bank of England interest rate rise of 0.5%, I will be reviewing the 1.4% and 1.75% thresholds later this month for accounts to be included on page 1 of this thread once I have seen what the banks and building societies do with their interest rates (I acknowledge they may not pass on the rate increase in full to savers).

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