Regular Savings Accounts: The Best Currently Available List!

OceanSound

ForumUser7 said:

Bridlington1 said:

Interest rate on the Natwest/RBS digital regular savers will rise from 12/9/22. 

Please could you say how you got to that screen? I don't seem to get that view on the digital regular saver product page, and I've just called NatWest and they aren't aware of rate increases. That said, there is an express article with the same info as yourself so perhaps NatWest staff just haven't been told. Thank you

When I check my RBS Digital Regular Saver statement issued on 09 September it says:

Your interest rate is 3.25% gross, 3.30% AER

So far so good. But.....

If I login to RBS Internet banking on laptop, the landing page with 'Hello ......' has the interest rate for my Digital Regular Saver as:

Your interest rate is 5.00% gross, 5.12% AER.

If I access the statements area of the website, for the September month there is an additional tab called 'Interest and charges'. If I click that tab, then the Interest rate is shown as: 

INTEREST Bonus Rate £0-£1,000 3.75 % gross p.a.

However, on this web page: 
https://www.rbs.co.uk/mobile-app-content/responsive/savings-accounts/apply-sales-hub/digital-regular-saver.html

it says for balance of £1 - £1,000 the Gross p.a. (Variable) rate is 5.00% and AER p.a. (Variable) rate is 5.12%. See screenshot below:



So inconsistent! Wonder if even the staff are aware of the actual interest rate?

dcs34

Kazza242 said:

According to Moneyfacts, Hinckley & Rugby Building Society are launching an account called, Regular Saver 30 Day Notice account.

It pays 3.00% and you can deposit £10 - £500 per month.  

The account runs for two years and the maximum balance is £12,000. 

Withdrawals are unlimited (but going by the name of the account, I suspect that 30 days' notice will need to be provided for withdrawals to be penalty-free).

The account reverts to a Plain Sailing Easy Access account after two years. 

If 2 payments are missed, the account reverts to Plain Sailing Easy Access Account.

The account can be opened in branch or via post.

https://www.hrbs.co.uk/savings/notice-accounts/ 

https://www.hrbs.co.uk/saving-product/regular-saver-30-day-notice-account/

As far as I can see there is no online functionality, so despite the lack of eligibility restrictions (i.e. postcodes) the account must be managed in branch.

Rudyson

dcs34 said:

Kazza242 said:

According to Moneyfacts, Hinckley & Rugby Building Society are launching an account called, Regular Saver 30 Day Notice account.

It pays 3.00% and you can deposit £10 - £500 per month.  

The account runs for two years and the maximum balance is £12,000. 

Withdrawals are unlimited (but going by the name of the account, I suspect that 30 days' notice will need to be provided for withdrawals to be penalty-free).

The account reverts to a Plain Sailing Easy Access account after two years. 

If 2 payments are missed, the account reverts to Plain Sailing Easy Access Account.

The account can be opened in branch or via post.

https://www.hrbs.co.uk/savings/notice-accounts/ 

https://www.hrbs.co.uk/saving-product/regular-saver-30-day-notice-account/

As far as I can see there is no online functionality, so despite the lack of eligibility restrictions (i.e. postcodes) the account must be managed in branch.

You can pay in online by bank transfer, but notice has to be given by post/telephone, and withdrawals are by post after written instruction.

chris_the_bee

Rudyson said:

dcs34 said:

As far as I can see there is no online functionality, so despite the lack of eligibility restrictions (i.e. postcodes) the account must be managed in branch.

You can pay in online by bank transfer, but notice has to be given by post/telephone, and withdrawals are by post after written instruction.

You can register for H&R Online where you can view your account(s) and also give the required 30 days notice of withdrawal. You then still need to send in your passbook or visit a branch.

eskbanker

OceanSound said:

When I check my RBS Digital Regular Saver statement issued on 09 September it says:

Your interest rate is 3.25% gross, 3.30% AER

So far so good. But.....

If I login to RBS Internet banking on laptop, the landing page with 'Hello ......' has the interest rate for my Digital Regular Saver as:

Your interest rate is 5.00% gross, 5.12% AER.

If I access the statements area of the website, for the September month there is an additional tab called 'Interest and charges'. If I click that tab, then the Interest rate is shown as: 

INTEREST Bonus Rate £0-£1,000 3.75 % gross p.a.

However, on this web page: 
https://www.rbs.co.uk/mobile-app-content/responsive/savings-accounts/apply-sales-hub/digital-regular-saver.html

it says for balance of £1 - £1,000 the Gross p.a. (Variable) rate is 5.00% and AER p.a. (Variable) rate is 5.12%. See screenshot below:



So inconsistent! Wonder if even the staff are aware of the actual interest rate?

The actual interest rate is the 5% gross / 5.12% AER, but when this is the third rate of the month it's hardly surprising that statements from earlier in the month will include the rate applicable at the time they were generated.  Granted, the reference to 3.75% should have been updated by now, but that's the only anomaly from what you've quoted above?

Descrabled

ESBS

Interest rate from 1st October 2.15% (was 1.75%), maximum saving £1,000 per month (was £500), and maximum total £100,000 (was £10,000).

Not good news as behind the new rates available elsewhere after YBS changes yesterday.

londoner62

Can somebody please post here the link to the application form for the https://www.hrbs.co.uk/saving-product/regular-saver-30-day-notice-account/ . I am just unable to locate it! Thanks...

wiseonesomeofthetime

londoner62 said:

Can somebody please post here the link to the application form for the https://www.hrbs.co.uk/saving-product/regular-saver-30-day-notice-account/ . I am just unable to locate it! Thanks...

You need to fill in the email form on that web page:

where_are_we

Leeds Building Society RS 23 @ 1.95% but I can get better with Yorkshire Loyalty Six Access e Saver @ 2.5%. LBSRS23 allows1 withdrawal a year including closure.You can keep RS23 open (it runs for 2 years), minimum balance £100, in order to maintain a presence with LBS. I will withdraw all RS23 balance except for £100, but I can`t find in their T&C`s whether I am allowed to miss monthly payments. LBS state they are very busy and have not replied to my secure message of a few days ago. Does anyone know whether I can miss monthly payments ie stop my SO`s or should I reduce my SO from £250 to £1?

chris_the_bee

where_are_we said:

Leeds Building Society RS 23 @ 1.95% but I can get better with Yorkshire Loyalty Six Access e Saver @ 2.5%. LBSRS23 allows1 withdrawal a year including closure.You can keep RS23 open (it runs for 2 years), minimum balance £100, in order to maintain a presence with LBS. I will withdraw all RS23 balance except for £100, but I can`t find in their T&C`s whether I am allowed to miss monthly payments. LBS state they are very busy and have not replied to my secure message of a few days ago. Does anyone know whether I can miss monthly payments ie stop my SO`s or should I reduce my SO from £250 to £1?

I can`t find it in their T&C`s either but I stopped paying monthly WEF 1st June with no comeback as yet. I think I would have phoned to ask that question, but can't prove that.