Regular Savings Accounts: The Best Currently Available List!

where_are_we

Chorley building Society will be increasing their interest rates on 29th September. Full info here - https://www.chorleybs.co.uk/savings-rate-increase-29th-september-2022/

Rather underwhelming! I have a Seasonal Saver, which like the Regular Saver, will increase from 1.4% to 1.75% on 29th September. Since interest rates have been climbing I reduced my SO for SS to £25 a month (no withdrawals or early closure allowed) with the intention of not renewing at maturity. This increase will not change my intention.

reub075

Descrabled said:

Saffron

It might be that a new (or possibly the existing loyalty R S) is about to surface at 2.55%, c.f existing 2.05% for £50 to £500 per month.  Do we all have to go through the rigmarole of restarting the account?

I can't see this officially confirmed elsewhere on this thread, but Saffron have released Issue 11 of their Existing Members Regular Saver:

Saffron 12 Month Fixed Rate Members Regular Saver Issue 11 2.55%

https://www.saffronbs.co.uk/savings/regular-savings-accounts/12-month-fixed-rate-members-regular-saver-issue-11

If you have a previous issue of the Regular Saver, and are quick off the mark (i.e. phoning up or Secure Messaging today), you can request conversion from the older issue RS with lower interest rate to this new Issue 11 paying 2.55%

The account number and sort code can be preserved, with today's account balance plus interest (less £500) refunded to nominated account today. £500 can be kept in the converted account and classed as August's deposit, then the account can be funded tomorrow with Septermber's £500 deposit.

Nick_C

@reub075

Thanks so much for this!  I closed Iss 10 16 days ago as I have an instant access tracker account with Skipton that is currently paying 2.1% (sadly, no longer available).

Iss 11 now open and funded, and another £500 will go in tomorrow.

I don't know why Saffron don't save themselves some work and make this variable.

Every_Penny_Counts

reub075 said:

Descrabled said:

Saffron

It might be that a new (or possibly the existing loyalty R S) is about to surface at 2.55%, c.f existing 2.05% for £50 to £500 per month.  Do we all have to go through the rigmarole of restarting the account?

I can't see this officially confirmed elsewhere on this thread, but Saffron have released Issue 11 of their Existing Members Regular Saver:

Saffron 12 Month Fixed Rate Members Regular Saver Issue 11 2.55%

https://www.saffronbs.co.uk/savings/regular-savings-accounts/12-month-fixed-rate-members-regular-saver-issue-11

If you have a previous issue of the Regular Saver, and are quick off the mark (i.e. phoning up or Secure Messaging today), you can request conversion from the older issue RS with lower interest rate to this new Issue 11 paying 2.55%

The account number and sort code can be preserved, with today's account balance plus interest (less £500) refunded to nominated account today. £500 can be kept in the converted account and classed as August's deposit, then the account can be funded tomorrow with Septermber's £500 deposit.

Thanks.  One quick call to their 0800 number & all changed into the new issue & balance refunded...

EPC

Daliah

Every_Penny_Counts said

Thanks.  One quick call to their 0800 number & all changed into the new issue & balance refunded...

Same here - so easy to upgrade in a short phone call. Many thanks for the heads up @reub075

where_are_we

reub075 said:

Descrabled said:

Saffron

It might be that a new (or possibly the existing loyalty R S) is about to surface at 2.55%, c.f existing 2.05% for £50 to £500 per month.  Do we all have to go through the rigmarole of restarting the account?

I can't see this officially confirmed elsewhere on this thread, but Saffron have released Issue 11 of their Existing Members Regular Saver:

Saffron 12 Month Fixed Rate Members Regular Saver Issue 11 2.55%

https://www.saffronbs.co.uk/savings/regular-savings-accounts/12-month-fixed-rate-members-regular-saver-issue-11

If you have a previous issue of the Regular Saver, and are quick off the mark (i.e. phoning up or Secure Messaging today), you can request conversion from the older issue RS with lower interest rate to this new Issue 11 paying 2.55%

The account number and sort code can be preserved, with today's account balance plus interest (less £500) refunded to nominated account today. £500 can be kept in the converted account and classed as August's deposit, then the account can be funded tomorrow with Septermber's £500 deposit.

If you do it by secure messaging be quick or you will be timed out and have to do it all over again!

Descrabled

Furness 3y RS (no longer available)

Showing 2.2% interest on the account this morning.

Not sure if I want to top-up my £1 a month standing order.  Will see what B of E and Virgin does mid month.

Descrabled

Mansfield from 1st September

Regular Saver 30 (1st Issue).  2.2% available in branch or by post. 30 days notice of withdraw or closure. £10 to £250 per month

Regular ESaver 30 (1st Issue). 2.2% online (Member or Notts, Derby, & S York). 30 days notice withdraw or closure. £10 to £250.

Regular Savers Issue 2 to 6 (no longer available) 2%

Comment:

My regular Savers now pay an agregate 2.3% and that includes a shedload of 1.75% regular savers   So Mansfield is outside my interest (sorry)

Every_Penny_Counts

For those who have it, the Furness 1 yr RS issue 5 is now showing 1.80%.

EPC

dingling68

reub075 said:

Descrabled said:

Saffron

It might be that a new (or possibly the existing loyalty R S) is about to surface at 2.55%, c.f existing 2.05% for £50 to £500 per month.  Do we all have to go through the rigmarole of restarting the account?

I can't see this officially confirmed elsewhere on this thread, but Saffron have released Issue 11 of their Existing Members Regular Saver:

Saffron 12 Month Fixed Rate Members Regular Saver Issue 11 2.55%

https://www.saffronbs.co.uk/savings/regular-savings-accounts/12-month-fixed-rate-members-regular-saver-issue-11

If you have a previous issue of the Regular Saver, and are quick off the mark (i.e. phoning up or Secure Messaging today), you can request conversion from the older issue RS with lower interest rate to this new Issue 11 paying 2.55%

The account number and sort code can be preserved, with today's account balance plus interest (less £500) refunded to nominated account today. £500 can be kept in the converted account and classed as August's deposit, then the account can be funded tomorrow with Septermber's £500 deposit.

I wasn't able to call yesterday to do this, so went through secure message this morning. As when I updated the account in June, it was actioned swiftly and the money was all moved around within an hour or so