Regular Savings Accounts: The Best Currently Available List!

kaMelo

Not sure when it happened but The Cumberland have increased rates on their regular and first home saver, up to 1.65% on both. From what I can gather this is in response to previous BoE rate rises, savings rates are currently "under review" in response to the latest rate rise from BoE.



Off Topic.
Sadly their mortgage holders are not getting the same review, 0.5% rate rise passed on in full from September. 

Descrabled

Cumberland

The regular savers were paying 1% when the BoE rate was 0.1%. The 0.65% increase to 1.65% over the time that the BoE increased rates by 1.15% to 1.25%. Over the same period my easy access saver went from 0.6% to 1.0% for my £1. Just saying.

kaMelo

I don't disagree, in fact it's actually worse than that. Prior to Covid the base rate was 0.5%, Cumberland were paying 2.55%/2.65% on their regular/first home saver, both over 2% above base rate.  If only that were the case now.

veryintrigued

Coventry RS5 up to 2% on the 1/9

soulsaver

veryintrigued said:

Coventry RS5 up to 2% on the 1/10

wef 01/09 even better! Regular Saver | Savings (coventrybuildingsociety.co.uk)

Daliah

soulsaver said:

veryintrigued said:

Coventry RS5 up to 2% on the 1/10

wef 01/09 even better! Regular Saver | Savings (coventrybuildingsociety.co.uk)

Unless you have already got £85K in Zopa, the Coventry RS is easily outperfomed by the Zopa Boost accounts, even by the Boost 31, and definitely by the Boost 95.

where_are_we

I`m not sure if it as been mentioned but Leeds Regular Savers (all the issues) are going up to 1.95% on 1st September.

schiff

where_are_we said:

I`m not sure if it as been mentioned but Leeds Regular Savers (all the issues) are going up to 1.95% on 1st September.

I only see one (Issue No. 31) which shows at 1.45%. Could you copy the society's link to your message pse.

schiff

Is there a general figure of a balance (minimum if necessary) in an open account that confers membership of a building society? £1 £5 £10 £100 (though I don't want to vote). Thinking about lurking on some low RS payers just in case! TIA

Daliah

schiff said:

Is there a general figure of a balance (minimum if necessary) in an open account that confers membership of a building society? £1 £5 £10 £100 (though I don't want to vote). Thinking about lurking on some low RS payers just in case! TIA

It will depend. Check their General T&Cs. If there is no mention of a min balance, there might be a min balance requirement on the holding account you choose to have. For example, mine at the Cambridge BS requires £100. But I have others with £1.