Regular Savings Accounts: The Best Currently Available List!

ForumUser7

easysaver said:

Principality: Dylan Regular Saver Bond

Does anyone have more than one issue of this account?  It appears to be allowed from the product information:

• The child can only have one of this issue number of the Dylan Regular Saver Bond

I hold a 9 and 10, but I know you couldn’t hold 2 10s for example. You can hold one of each issue, but not more than one of each issue

Special_Saver2

Hi Everybody,

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

- Saffron BS Small Saver (Issue 5) updated from issue 4 (and issue 5 is paying a higher interest rate of 3% fixed on up to £50 per month for 12 months

- Saffron BS 12 Month Fixed Rate Members Regular Saver (Issue 11) added paying 2.55% on up to £500 per month for 12 months but only open to existing members and you cannot hold both this and the Small Saver account

- Beehive (part of Nottingham BS) Home Starter Regular Saver added paying 2.5% on up to £500 per month with no withdrawals allowed until 1st November 2023 (this account looks incredibly similar to this one: Nottingham BS Seasonal Saver (Issue 4), which is already on page 1)

- Cumberland BS accounts interest rates both updated to 2.05%

I do not have time right now to review 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 that next time.

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

EarthBoy

The interest rate on the Club Lloyds Monthly Saver has increased to 2.75% from today (was 1.50% before).

Lloyds' ordinary Monthly Saver has gone up from 1.25% to 2.50%.

kaMelo

Lloyd's back in the game then. As it's essentially an easy access account 2.75% is not bad at all.

soulsaver

kaMelo said:

Lloyd's back in the game then. As it's essentially an easy access account 2.75% is not bad at all.

Not applied to existing accounts? 

EarthBoy

soulsaver said:

kaMelo said:

Lloyd's back in the game then. As it's essentially an easy access account 2.75% is not bad at all.

Not applied to existing accounts? 

No.  Lloyds fixes the interest rate when you open the account, and it won't change up or down.  If you close the account you can't open another one until 12 months after you opened the first one, so you either stick with the original interest rate or move your money to a different bank.

Nick_C

soulsaver said:

kaMelo said:

Lloyd's back in the game then. As it's essentially an easy access account 2.75% is not bad at all.

Not applied to existing accounts? 

No, because these accounts have a fixed interest rate.  And if you close an existing account you cannot open a new one until the closed account would have matured. 

People did warn against opening the Lloyds Regular Savers at the derisory rates on offer earlier this year because of these conditions. 

SFindlay

EarthBoy said:

The interest rate on the Club Lloyds Monthly Saver has increased to 2.75% from today (was 1.50% before).

Lloyds' ordinary Monthly Saver has gone up from 1.25% to 2.50%.

Good thing is can hold both accounts.

Lloyds stablemates Bank of Scotland and Halifax have also increased their Monthly Savers to 2.5%. 

pearl123

You can close early the Club lloyds regular saver.
The Club lloyds  current account also needs to increase its saving rates. 

Nick_C

You cannot withdraw from the Halifax RS, but you can close the account without penalty.