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Regular Savings Accounts: The Best Currently Available List!
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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.0 -
Descrabled said:MonmouthshireToday 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?0
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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.0 -
10_66 said:Descrabled said:Monmouthshire......What are other savers doing in this situation?
An example, I'll take the Principality :@ 2.25% but wouldn't bother with Monmouthshire @ 2.25%4 -
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.0 -
chris_the_bee said:Descrabled said:MonmouthshireToday 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?
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“Create all the happiness you are able to create; remove all the misery you are able to remove. Every day will allow you, --will invite you to add something to the pleasure of others, --or to diminish something of their pains.”1 -
Monmouthshire Members Regular Saver Maturity OffersThe 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.2
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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-1They 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 ?0 -
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 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.
Please call me 'Kazza'.1 -
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 ?
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)0
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