Regular Savings Accounts: The Best Currently Available List!

chris_the_bee

JamesPeter said:

Darlington BS 'Special Occasion Saver' - now 'Regular Monthly Saver'

Just updated my earlier post to say that the Darlington BS have now updated their website again since my earlier post.

It appears the 'Special Occasion Saver' is no more. It has been superseeded (or re-named) by the 'Regular Monthly Saver Account' with the new t&c's. (one account only, max £750 per month, max balance £30k).

However as yet, the Special Occasion Saver does not apear in their closed account part of their website.

So am not fully sure if this is just a simple re-name of the SOS account with new t&c's, or a new account altogether and the Special Occasion Saver will be listed under their closed accounts eventually. 

Also, if it is a new account, whether one can hold (and pay into) 3 Special Occasion Saver accounts at £250 per month AND also open a 'Regular Monthly Saver' account and pay in £750 per month concurrently.

Does anyone know whether one can hold (and pay into) 3 Special Occasion Saver accounts at £250 per month AND  also open a 'Regular Monthly Saver' account and pay in £750 per month concurrently. 

ian16527

I have a High Days and Holidays saver from a while ago which I still pay into, but now it seems to be lagging the interest fates of the above Special Occasion Savings account and the new regular saver.
Time to move on to the new account

JamesPeter

chris_the_bee said:

JamesPeter said:

Darlington BS 'Special Occasion Saver' - now 'Regular Monthly Saver'

Just updated my earlier post to say that the Darlington BS have now updated their website again since my earlier post.

It appears the 'Special Occasion Saver' is no more. It has been superseeded (or re-named) by the 'Regular Monthly Saver Account' with the new t&c's. (one account only, max £750 per month, max balance £30k).

However as yet, the Special Occasion Saver does not apear in their closed account part of their website.

So am not fully sure if this is just a simple re-name of the SOS account with new t&c's, or a new account altogether and the Special Occasion Saver will be listed under their closed accounts eventually. 

Also, if it is a new account, whether one can hold (and pay into) 3 Special Occasion Saver accounts at £250 per month AND also open a 'Regular Monthly Saver' account and pay in £750 per month concurrently.

Does anyone know whether one can hold (and pay into) 3 Special Occasion Saver accounts at £250 per month AND  also open a 'Regular Monthly Saver' account and pay in £750 per month concurrently. 

Well, I went into my local Darlington BS branch this morning and completed the forms etc and deposited £750 to open the new Regular Monthly Saver account. Just awaiting the passbook to be issued now.

The cashier was a little unsure as to whether I could open it or not (I have 3 x active Special Occasion Saver Accounts), however her senior colleague said yes I could as the SOS is now classed as a 'Closed Issue' accout.

So, the answer seems to be yes. 

MiserlyMartin

The downside of this new Regular Monthly Saver account seems to be a maximum balance of £30,000. And I cannot see the Special Occasion Saver listed as a closed account or anywhere on the site.

MiserlyMartin

10_66 said:

JamesPeter said:

Edit 0930hrs.

The 'Special Occasions Saver' account is now listed in the 'Closed Accounts' section of the Darlington BS Website:

https://www.darlington.co.uk/savings-accounts/closed-savings-accounts/

So, it would appear that the 'Regular Monthly Saver Account' is a brand new account.

Edit 0940hrs - And the Special Occasions Saver has now been removed from their 'Closed Accounts' section of the website.

What are they doing?

The Special Occasions Saver is now in their Closed Accounts section.

Not now it isn't, well I couldn't see it anyway!

10_66

MiserlyMartin said:

10_66 said:

JamesPeter said:

Edit 0930hrs.

The 'Special Occasions Saver' account is now listed in the 'Closed Accounts' section of the Darlington BS Website:

https://www.darlington.co.uk/savings-accounts/closed-savings-accounts/

So, it would appear that the 'Regular Monthly Saver Account' is a brand new account.

Edit 0940hrs - And the Special Occasions Saver has now been removed from their 'Closed Accounts' section of the website.

What are they doing?

The Special Occasions Saver is now in their Closed Accounts section.

Not now it isn't, well I couldn't see it anyway!

Follow the link below, when on that page there's a list on the right under "Related Pages" where you'll find "closed accounts", click on that, you'll find another list, click on regular savers, and the Special Occasions Saver is listed there (along with another 2 closed regular savings accounts).  It's been there since I posted the above.

https://www.darlington.co.uk/savings-accounts/regular-savings-accounts/

chris_the_bee

MiserlyMartin said:

The downside of this new Regular Monthly Saver account seems to be a maximum balance of £30,000. And I cannot see the Special Occasion Saver listed as a closed account or anywhere on the site.

Yes, but it will take about 38 months to build up £30,000 and then you have up to 4 withdrawals each year.

MiserlyMartin

Thanks. I found it. Well hidden under 2 duplicate pages of the same thing, one with, one without. In terms of rates, the last rate rise on it was 0.3% not the full 0.5% , so over the longer term it seems that Darlington are gradually running down the competiveness of this account. I suspect they won't pass on the latest 0.5% rise either.

Special_Saver2

Hi Everybody,

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

- Virgin Money Home Buying Coach Regular Saver (Issue 13) updated from issue 12 and then removed from the relevant post on page 1 as I realised it does not meet the current criteria for appearing on this thread (the interest rate is too low)

- NatWest Digital Regular Saver Account and Royal Bank of Scotland Digital Regular Saver Account interest rate updated to 5% (5.12% AER) on the first £1,000

- Coventry BS First Home Saver interest rate updated to 2.25% variable from 7th October 2022

- Coventry BS Regular Saver (Issue 5) interest rate updated to 2.4%  variable from 7th October 2022

- Darlington BS Special Occasion Saver withdrawn and removed from page 1 (I find it interesting how clicking on that link for this account now re-directs to a green regular saver account)

- Darlington BS Regular Monthly Saver account added paying 2.5% variable on up to £750 per month and the minimum age for this account is 13 years old, locals and existing members only 

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

thor

Anyone else think it's strange that HSBC did not follow First Direct by upping their reg saver to 3.5% from 1% many months ago. When my HSBC reg saver matured almost a year ago I decided to wait until they matched FD but it looks like they have decided to stay at 1% even in these days of rates.