Regular Savings Accounts: The Best Currently Available List!

Wheres_My_Cashback

JamesRobinson48 said:

cosh25 said:

Monmouthshire BS will be launching Issue 6 of their regular savings account tomorrow I believe. Will be 2.25% with a maximum balance of £3000 (£250p/m). Early closure allowed, but will get a lower interest rate. 

The predicted new RS issue from Monmouthshire BS is now available as indicated above (2.25% fixed rate, one year term, max £250 pm, max £3000 total).  See link:

https://www.monbs.com/products/regular-saver-bond/

The headline rate is OK, however no partial withdrawals are allowed and early closure attracts a heavy interest rate penalty. Another thing that puts me off is that the Mon BS pays a much higher rate (2.7%) on a one year fixed rate bond. The RS account opening process is supposedly online, however it involves a lot of manual keying of personal information (even for an existing registered online customer), and moreover a postal exchange of forms will then be necessary before the account can actually be opened. Frankly I'm uncertain why the Mon BS, or anyone else, would bother with all this.  After all the manual work, the illustrative total interest earned could be a princely £36.48.

Mon BS used to offer good RS, but this isn't one of them as products with higher rates will soon surpass this fix and without restrictions/heavy penalties.

mhoc

I have Monmouthshire regular saver maturing at the end of the month which I've been dithering about. I think though just to make life simple I might just open one of their 2 year bonds which has 3.05% fixed now with £1K  opening balance and then transfer the maturing account in at the end of the month - if MBS allows this .... 
My main irk at the moment is that with the recent flurry of activity a good percentage of my reg savers and bonds mature in August/September 2023 or 2024 .... it would be better to have things maturing over a spread of months 

Gers

JamesRobinson48 said:

cosh25 said:

Monmouthshire BS will be launching Issue 6 of their regular savings account tomorrow I believe. Will be 2.25% with a maximum balance of £3000 (£250p/m). Early closure allowed, but will get a lower interest rate. 

The predicted new RS issue from Monmouthshire BS is now available as indicated above (2.25% fixed rate, one year term, max £250 pm, max £3000 total).  See link:

https://www.monbs.com/products/regular-saver-bond/

The headline rate seems adequate, however no partial withdrawals are allowed and early closure attracts a heavy interest rate penalty. Another thing that puts me off is that the Mon BS offers a much higher rate (2.7%) on a one year fixed rate bond. The RS account opening process is supposedly online, however it involves a lot of manual keying of personal information (even for an existing registered online customer), and moreover a postal exchange of forms will then be necessary before the account can actually be opened. Frankly I'm uncertain why the Mon BS, or anyone else, would bother with all this.  After all the manual work, the illustrative total interest earned could be a princely £36.48.

Regular Saver Bond (Issue 6)

Available in England and Wales.

What's wrong with us in Scotland - I already hold some MBS accounts.

I phoned MBS to ask about this - the agent was perplexed, she's going to escalate this enquiry and ring me back!

Gers

Gers said:

JamesRobinson48 said:

cosh25 said:

Monmouthshire BS will be launching Issue 6 of their regular savings account tomorrow I believe. Will be 2.25% with a maximum balance of £3000 (£250p/m). Early closure allowed, but will get a lower interest rate. 

The predicted new RS issue from Monmouthshire BS is now available as indicated above (2.25% fixed rate, one year term, max £250 pm, max £3000 total).  See link:

https://www.monbs.com/products/regular-saver-bond/

The headline rate seems adequate, however no partial withdrawals are allowed and early closure attracts a heavy interest rate penalty. Another thing that puts me off is that the Mon BS offers a much higher rate (2.7%) on a one year fixed rate bond. The RS account opening process is supposedly online, however it involves a lot of manual keying of personal information (even for an existing registered online customer), and moreover a postal exchange of forms will then be necessary before the account can actually be opened. Frankly I'm uncertain why the Mon BS, or anyone else, would bother with all this.  After all the manual work, the illustrative total interest earned could be a princely £36.48.

Regular Saver Bond (Issue 6)

Available in England and Wales.

What's wrong with us in Scotland - I already hold some MBS accounts.

I phoned MBS to ask about this - the agent was perplexed, she's going to escalate this enquiry and ring me back!

The agent rang back as promised - it is a mistake.  Not sure I want to apply yet though reassured that I could.

1882

This was on their website a year or 2 ago when I opened an account with them. I'm in Scotland and had no problems.

Apart from anything else Available in England and Wales doesn't specify it's not available anywhere else. Yorkie bars available in England and Wales doesn't mean you can't get them in Scotland or Northern Ireland.

Bridlington1

According to moneyfacts, Principality BS will be bringing out issue 28 of their regular savings bond at 2.25%.

Edit: Issue 28 is now appearing on the Principality BS website.

Wheres_My_Cashback

Yorkshire BS

For those that stuck with the Make me a Saver RS in the faint hope of a win

Rate increase to 1.65% from 01/09

https://www.ybs.co.uk/documents/100493/323271/YBM+1607RC+Current+Savings+Interest+Rates.pdf/2b93ed8b-766e-61a8-e1f3-b9145641d8d1?t=1660736641449&download=true

where_are_we

Wheres_My_Cashback said:

Yorkshire BS

For those that stuck with the Make me a Saver RS in the faint hope of a win

Rate increase to 1.65% from 01/09

https://www.ybs.co.uk/documents/100493/323271/YBM+1607RC+Current+Savings+Interest+Rates.pdf/2b93ed8b-766e-61a8-e1f3-b9145641d8d1?t=1660736641449&download=true

I`ve reduced my SO to £50/month with make me a saver and, yes, I will probably faint if I win!

Good to see the Xmas RS going up to 2% from 1/9.

I suppose it was too much to hope for - an increase on the 5% Loyalty RS!

trickydicky14

where_are_we said:

Wheres_My_Cashback said:

Yorkshire BS

For those that stuck with the Make me a Saver RS in the faint hope of a win

Rate increase to 1.65% from 01/09

https://www.ybs.co.uk/documents/100493/323271/YBM+1607RC+Current+Savings+Interest+Rates.pdf/2b93ed8b-766e-61a8-e1f3-b9145641d8d1?t=1660736641449&download=true

I`ve reduced my SO to £50/month with make me a saver and, yes, I will probably faint if I win!

Good to see the Xmas RS going up to 2% from 1/9.

I suppose it was too much to hope for - an increase on the 5% Loyalty RS!

Dream on!

creditavenger

A little bird told me that from 1st Sept Furness BS are raising the rate on their (no longer available) 3yr Reg Svr to 2.2% (from currently 1.7%) .

So it may be worth holding on to it, if you were tempted to dump it in light of recently increasing instant access rates.