Regular Savings Accounts: The Best Currently Available List!

kaMelo

10_66 said:

Descrabled said:

Monmouthshire...

...What are other savers doing in this situation?

If the interest rates are good enough, I put up with snail mail.

Likewise, all factors are considered in deciding whether to open an account or not. Those with online management and allowing online withdrawals/closure can offer a lower rate to get me interested. Those who are snail mail and/or no early access or withdrawal will need to offer a much higher rate to compensate or their restrictions.
 An example, I'll take the Principality :@ 2.25% but wouldn't bother with Monmouthshire @ 2.25%

10_66

Wheres_My_Cashback said:

10_66 said:

Wheres_My_Cashback said:

10_66 said:

Nick_C said:

km47 said:

Can anyone explain why Cynergy bank is missing from the best easily access savings rate table? They are offering 1.85% p.a. (including 1st year bonus of 0.15%). They were on the MSE table but have recently disappeared.
Also missing from the Savingschampoin web site.

If they can, I hope they dont do it here. This thread is meant to be about Regular Savings Accounts.  All the off topic stuff and chit chat makes the important posts harder to find. 

Would you mind cutting some slack, please?  It was a first time poster who may not be familiar with the different threads.  Please don't put people off 

A 'first time' poster who has been around for a few years ;-)

Well as your post was complaining about "chit chat", I don't see why you needed to add to "chit chat" then.

My post ?????

So I presume you don't mind the "chit chat" that Nick_C was complaining about then, as all you've done is to add to it with your earlier post.

mhoc

chris_the_bee said:

Descrabled said:

Monmouthshire

Today I received two letters, both delayed in the post.

One was for the existing member regular saver (1.52%) maturity instructions. The other was an acceptance letter for the regular saver 6 (2.25%) that I applied for online.

Their system of applying for accounts online and then having to receive mail that needs to be replied to by mail is just so old fashioned and I'm thinking of binning the lot.  I just can't be bothered with filling in forms and posting, especially when we are likely to see continuing industrial action at Royal Mail.

c.f. the much better methods used by Principality.

What are other savers doing in this situation?

Can I please ask what the offer was on the existing member regular saver (1.52%) or was there no extension to it? As mine matures shortly.

I've gone for the Monmouthshire maturity 2 year fixed rate issue 9 with its 3.10% interest - mine matures early September. I wasn't given the option of the next issue of regular saver but this is a better option all round. 
Better than the fixed rate Coventry loyalty bond which at 1.65% was a good idea at the time I opened it so I am stuck with it now until next April .... we might have all gone to hell in a handcart by  next April  

Descrabled

Monmouthshire Members Regular Saver Maturity Offers

The two fixed rate maturity savers offered were only slightly higher interest than available on offer, e.g. 3.1% against 3.05% for the two years fixed rate.  Charter are presently offering 3.48%, Ford 3.45% and then the BoE will probably increase interst rates by 0.5% mid September.

So for a two year fix towards at the end of September I would expect to find many offers above 3.5%, much better than Monmouthshire are offering, without any hassle.

I concur with kaMelo and have opened the Principality RS28 at 2.25% and will use as a placeholder to retain my online portal.

adindas

Kazza242 said:

Loughborough Building Society have launched Regular Saver (issue 1) paying 2.50%.

The interest rate is variable.

It allows deposits of up to £500 per month.  Withdrawals are also permitted.  It is available to open via branch or post. 

The account is open ended.  The maximum account balance is £85,000.

See https://www.theloughborough.co.uk/savings/easy-access/regular-saver-issue-1

They used to have quite similar account called Flexible Save to Buy. This is actually RSA £500 per month with no maturity date with limited 2 Withdrawal per account year.

This new Regular Saver (issue 1) seems to have a better Term, paying better Interest (2.5% vs 2%) no limit to the number of withdrawal, also same term no maturity date.

If you only just have a small Amount of money £1,000 in Flexible Save to Buy  is there any disadvantage to just close this old Flexible Save to Buy and open this new Regular Saver (issue 1) ??

Is it possible to do that at the same time e,g. Closed Flexible Save to Buy by sending a letter to request closure together with pass book request to transfer the full balance to nominated account  ?  and at the same time sending the new application Form + Cheque to open this new one ?

Kazza242

adindas said:

Kazza242 said:

Loughborough Building Society have launched Regular Saver (issue 1) paying 2.50%.

They used to have quite similar account called Flexible Save to Buy. This is actually RSA £500 per month with no maturity date with limited 2 Withdrawal per account year.

This new Regular Saver (issue 1) seems to have a better Term, paying better Interest (2.5% vs 2%) no limit to the number of withdrawal, also same term no maturity date.

If you only just have a small Amount of money £1,000 in Flexible Save to Buy  is there any disadvantage to just close this old Flexible Save to Buy and open this new Regular Saver (issue 1) ??

Is it possible to do that at the same time e,g. Closed Flexible Save to Buy by sending a letter to request closure together with pass book request to transfer the full balance to nominated account  ?  and at the same time sending the new application Form + Cheque to open this new one ?

I still have the Loughborough Flexible Save To Buy and their Flexible Monthly Saver, both now paying 2.00%.  Though, I only pay in £10 per month into them at the moment as easy access accounts are already paying above that rate.

I also opened their new Regular Saver (issue 1), paying 2.50% earlier this week.  I personally would keep the Save to Buy account open (paying in £10 per month) as they have recently been increasing their rates on it.  Also, presumably you have had the account for a while which would qualify you for any loyalty accounts/rates they may offer in the future.  

If you do decide to close the Save to Buy by sending a letter and passbook (I think they'll usually issue a cheque rather than transfer to a nominated account) you can also open the new regular saver by including an application form and cheque in the same envelope.    
 

happybagger

adindas said:

Is it possible to do that at the same time e,g. Closed Flexible Save to Buy by sending a letter to request closure together with pass book request to transfer the full balance to nominated account  ?  and at the same time sending the new application Form + Cheque to open this new one ?

You'll only be able to deposit £500 when doing so as this is the maximum monthly deposit.

On Kazza242's point, as long as the new account is opened on the same day (or earlier) than closing any existing account, you will maintain membership. No need to maintain old accounts for this purpose (but you might want to in case future rate changes are favourable, of course)

Special_Saver2

Hi Folks,

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

- Cumberland BS Regular Saver (Issue 3) interest rate increase to 1.65% noted

- Cumberland BS First Home Saver Account (Issue 2) interest rate increase to 1.65% noted

- Nationwide BS Start to Save (Issue 2) interest rate increase to 3% noted

- Nationwide BS Flex Regular Saver interest rate increase to 3% noted

- Royal Bank of Scotland Digital Regular Saver Account and NatWest Digital Regular Saver Account interest rate increases to 3.75% gross p.a. (3.82% AER) variable up to £1,000 then 0.5% on £1,001 - £5,000 then 0.4% above £5,000 from 12th September 2022 noted

- Loughborough BS Regular Saver (Issue 1) added paying 2.5% on up to £500 per month until the account becomes a closed issue (and then no further deposits can be made)

- Nottingham BS Seasonal Saver (Issue 4) replaces issue 3; still matures on 14th November 2023 but this issue is paying 2.5% fixed on up to £500 per month (maximum balance £8,000) and no withdrawals allowed until 14th November 2023

- Bath BS Homestart Regular Saver interest rate increase to 2.25% from 1st October noted

- Bath BS Regular Saver interest rate increase to 1.95% from 1st October noted

- Bath BS 16-25 Regular Saver interest rate increase to 5.05% from 1st October noted

- Monmouthshire BS Regular Saver Bond (Issue 7) terms and conditions updated to show this can now only be opened in a branch

- Principality BS Dylan Regular Saver Bond (Issue 10, children only) updated from issue 9; issue 10 is paying 3.2% on up to £150 per month for 12 months

- Principality BS First Home Steps Savings Account (Issue 3) interest rate increase updated with 1.8% - 2.5% gross p.a. variable (1.8% if your balance is £2,500, then 2% if your balance is £2,501 - £7,500 then 2.5% from £7,500 to £25,000) from 1st September

- Principality BS Learner Earner Issue 3 (Adult with a Child) interest rate increase to 3.2% from 1st September noted

- Principality BS NHS Thank You Saver (Issue 4) and Principality BS NHS Thank You Online Saver (Issue 4) interest rate increase to 2.25% from 1st September noted

- Chorley BS Children's Regular Saver (Issue 2) interest rate increase to 1.7% from 29th September noted

- Mansfield BS Young Regular Saver (3rd Issue) interest rate increase to 3% from 1st September noted

- Darlington BS Teen Goal Saver interest rate increase to 3.05% noted

- Darlington BS Darly Young Saver interest rate increase to 3.05% noted

- Darlington BS Special Occasion Saver interest rate increase to 2.5% noted

- Darlington BS Green Regular Saver interest rate increase to 2.1% noted

- Progressive BS Children's Clockwork Regular Saver (Issue 1) interest rate increase to 2% noted

- Penrith BS Junior Affinity Regular Saver (children only) interest rate increase to 3.45% noted

I have tried to look at every entry on page 1 of this thread but I have not been able to look at all of them as I seem to be having trouble trying to go to a few of the websites (e.g. Halifax, West Brom BS).

The Saffron BS website is one of the websites I cannot look at for the moment. I have noted that I need to look at this old account, which is currently listed on page 1 - https://www.saffronbs.co.uk/savings/regular-savings-accounts/small-saver-issue-4 and this new account next weekend - https://www.saffronbs.co.uk/savings/regular-savings-accounts/12-month-fixed-rate-members-regular-saver-issue-11

Next weekend, I will also decide on what interest rate thresholds to use for inclusion on page 1 of this thread and decide whether to then add the new Mansfield BS accounts.

I will do the next update next weekend.

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

Ed-1

Special_Saver2 said:

Hi Folks,

- Principality BS Dylan Regular Saver Bond (Issue 10, children only) updated from issue 9; issue 10 is paying 3.2% on up to £150 per month for 12 months

The Principality Dylan regular saver is a 3 year term, not 12 months.

dcs34

Special_Saver2 said:

Next weekend, I will also decide on what interest rate thresholds to use for inclusion on page 1 of this thread and decide whether to then add the new Mansfield BS accounts.

I will do the next update next weekend.

SS2

---

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

Not sure if it got missed or didn't meet the interest rate / T&C thresholds, but could add Beehive (NBS) Home Start Regular Saver paying 2.5% on £500/month, matures 1st Nov 2023.

https://www.beehivemoney.co.uk/savings/regular-saver/