Regular Savings Accounts: The Best Currently Available List!

moi

Westie983 said:

ashteadgirl said:

Buckinghamshire Regular Saver Locals rate increased from 1.65% to   2.4%. This is an historical account and no longer available to open. Had an email this morning. 

This is good news, I have had this account since September 2016 I think I was surprised that there is no end date on it, I did reduce it to £50 a month, when I had lots of RS that paid more, but happy with 2.4%, although I haven't had this email yet, but I'm sure its on its way,

Im assuming this will be from September?

Westie983

My email wasn't personal for my accounts, it just has a link to this page; 

https://www.bucksbs.co.uk/bank-of-england-base-rate-increase.html ;

where you can download the list of all their 1/9 changes.

where_are_we

creditavenger said:

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.

I have closed all my Regular Savers with Furness BS. Does having a £1 balance in an Every Day Saver ensure I continue to be a member, in the hope that something better might come along?

interest_Ted

Buckinghamshire BS

Deleted_User said:

For reasons not clear, my email from Bucks BS today about this ended up in my Spam folder (previous emails from them haven't) so maybe check there. Change applies from 1 September. 

Found mine in my junk too.        Reason is that they used a new origin email address.     

happybagger said:

And to clarify one point, the RS Locals account only permits one payment in per month. So if, like me, you have already put in a tenner by s/o, you can't now add £490...

I think you will find that they are willing to accept multiple deposits.  If in doubt - suggest a phone call to check. 

Ted

Special_Saver2

Hi Everybody,

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

- Monmouthshire BS Regular Saver Bond added to page 1 paying 2.25% fixed on up to £250 per month for 12 months but you can only withdraw money early by closing the account with an interest penalty, not available in Northern Ireland

- Principality BS 1 Year Regular Saver Bond (Issue 28) added to page 1 paying 2.25% fixed on up to £250 per month for 12 months

I will do the next update the weekend after next.

SS2

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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

happybagger

interest_Ted said:

I think you will find that they are willing to accept multiple deposits.  If in doubt - suggest a phone call to check. 

I sent a message. They said one deposit per month.

happybagger

where_are_we said:

I have closed all my Regular Savers with Furness BS. Does having a £1 balance in an Every Day Saver ensure I continue to be a member, in the hope that something better might come along?

Yes it does.

[Deleted User]

I have an open-ended  variable rate regular saver with Ecology Building Society with an accumulated balance of about £7000. The interest rate is 1.4% currently. There has been no change since the last base rate rise of 0.5% on 4 August. Early days, I suppose, but I was wondering if anyone else with this account has decided to close it? I have reduced monthly payments to £50 (I could reduce further to £25). Is it worth holding on and waiting? The rate has always been on the unexciting side but never bad enough to cause me to close.

castle96

bin it, plenty better

Bridlington1

Deleted_User said:

I have an open-ended  variable rate regular saver with Ecology Building Society with an accumulated balance of about £7000. The interest rate is 1.4% currently. There has been no change since the last base rate rise of 0.5% on 4 August. Early days, I suppose, but I was wondering if anyone else with this account has decided to close it? I have reduced monthly payments to £50 (I could reduce further to £25). Is it worth holding on and waiting? The rate has always been on the unexciting side but never bad enough to cause me to close.

I'd withdraw all but £25 but keep it open and reduce the monthly payment to £25 as it makes a good direct debit for reward accounts/switching offers. At the moment you can get more than 1.4% as an easy access account so I'd move it into a top paying easy access account and trickle the contents into the much higher paying regular savers.

Edit: On second thoughts see if you can get them to convert it into their easy access account for the direct debit as it works out cheaper in terms of interest lost compared with keeping it in easy access accounts. Still withdraw all but £25 though but reduce the direct debit to £10 if you go for this option.

kaMelo

The Ecology regular saver, notice saver and cash ISA can all be funded via DD but unfortunately as can the easy access account. Minimum deposit into the regular saver is £25 per month.
The Ecology Building Society is not really about offering top rates.




Edited to add;
@Special_Saver2 You're still showing The Cumberland at 1.45% in the list. They increased it to 1.65% for both the regular saver and first home saver a while back.