Regular Savings Accounts: The Best Currently Available List!

castle96

still got 5 of these. Will wait for a bit re rate increase

Daliah

Bemr said:

Is anyone hanging on to their virgin home buying coach accounts? 1.75% fixed is poor compared to current easy access, but virgin have prior history of increasing fixed rates on their RS ( 2.25% to 2.5% in 2018)

I have closed my remaining 6 and transferred the proceeds to a ZOPA Boost 95 @ 2.05% - 0.3% higher. Closure is very simple and quick. It takes just minutes for the balance + interest to appear in the linked account, and I now have 6 fewer SOs and RS accounts 

Daliah

Bemr said:

Daliah said:

Bemr said:

Is anyone hanging on to their virgin home buying coach accounts? 1.75% fixed is poor compared to current easy access, but virgin have prior history of increasing fixed rates on their RS ( 2.25% to 2.5% in 2018)

I have closed my remaining 6 and transferred the proceeds to a ZOPA Boost 95 @ 2.05% - 0.3% higher. Closure is very simple and quick. It takes just minutes for the balance + interest to appear in the linked account, and I now have 6 fewer SOs and RS accounts 

I’ve closed the 3 that mature this year and withdrawn the rest to the min £1 balance, on the off-chance they decide to increase.  Also went to zopa.  Bird in the hand and all that.  Agree less SO management is a bonus

I was debating whether to leave £1 in some accounts but decided against it, on the grounds that I'd have to start from square one with £250 max a month as you can't replace the balances you have taken out. As and if VM raise their game over the 2.05% threshold, and assuming Zopa will stand still, I reckon it would really only be pennies that I could gain. 

Sarah1Mitty2

pearl123 said:

Sarah1Mitty2 said:

Does anyone think Marcus bank will raise their rates soon?

i think they recently increase rates, so I don't think it's likely unless there a mass exodus. I hope they do increase rates, as the site is really good to use. 

It is really good to use, hope they catch up soon.

JamesRobinson48

Stafford Railway BS is increasing the interest rate on its existing RS product to 2.5% (variable) effective 15 August.  This RS is currently generally available to UK residents (was formerly restricted to local postcodes).  IMHO it seems a decent deal as savers can pay in up to £500 pm, the account has an indefinite term, and the account max is £100k.

https://srbs.co.uk/savings/detail/regular-saver-issue-1

soulsaver

JamesRobinson48 said:

Stafford Railway BS is increasing the interest rate on its existing RS product to 2.5% (variable) effective 15 August.  This RS is currently generally available to UK residents (was formerly restricted to local postcodes).  IMHO it seems a decent deal as savers can pay in up to £500 pm, the account has an indefinite term, and the account max is £100k.

https://srbs.co.uk/savings/detail/regular-saver-issue-1

I was considering cashing in this morning when I decided to give them until next week...

ETA And I'll bump my SO back up...

granta

JamesRobinson48 said:

Stafford Railway BS is increasing the interest rate on its existing RS product to 2.5% (variable) effective 15 August.  This RS is currently generally available to UK residents (was formerly restricted to local postcodes).  IMHO it seems a decent deal as savers can pay in up to £500 pm, the account has an indefinite term, and the account max is £100k.

https://srbs.co.uk/savings/detail/regular-saver-issue-1

Looks good. Similarish to the old Loughborough Save to Buy but with better rates

hgt

JamesRobinson48 said:

Stafford Railway BS is increasing the interest rate on its existing RS product to 2.5% (variable) effective 15 August.  This RS is currently generally available to UK residents (was formerly restricted to local postcodes).  IMHO it seems a decent deal as savers can pay in up to £500 pm, the account has an indefinite term, and the account max is £100k.

https://srbs.co.uk/savings/detail/regular-saver-issue-1

I understand you can open the account online, but then it's a case of post (or branch) to operate the account. Do SRBS offer any kind of online service? Even if only a read-only view of the balance etc?

soulsaver

Yep - its passbook operated - so branch or post. TBF, it may have worked in my favour: cba to fill the forms and post the book. If were easier I'd have cut & run by now and be regretting it... at least for now. 

happybagger

As it seems to allow more than one deposit, just topped mine up to £500 monthly deposit and set it at that.

Good spot James