Regular Savings Accounts: The Best Currently Available List!

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Staffordshire Regular Saver issue 1 now shows this. Looks like locals only again.

Private individuals living in Staffordshire Only.

Available to UK citizens/residents living in Staffordshire. 

SaverRate

Special_Saver2 said:

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- Darlington BS Special Occasion Saver withdrawn and removed from page 1 (I find it interesting how clicking on that link for this account now re-directs to a green regular saver account)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

Can I open the Coventry BS First Home Saver but not actually save for a house and instead just use it as a normal savings account?

soulsaver

SaverRate said:

Special_Saver2 said:

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

---

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

Can I open the Coventry BS First Home Saver but not actually save for a house and instead just use it as a normal savings account?

Absolutely - just refer to the terms. 

Kazza242

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/saving-product/regular-saver-30-day-notice-account/

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.