Regular Savings Accounts: The Best Currently Available List!

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.

veryintrigued

Coventry RS5

To be raised to 2.4% on 7/10

Speculator

TSB just increased the rate of their Monthly Saver to 3%

• 3.00% Gross/AER% fixed for 12 months
• Interest is paid on maturity
• Instant access
• Interest paid on balances over £1
• Save from a minimum of £25 to a maximum of £250 by standing order each month

Nick_C

TSB - 3% only applies to new accounts.  The rate is fixed.  If you already have a TSB Monthly Saver, you are locked into the old rate until your account matures.

If you have closed an old account paying 2%, you cannot open a new account until your old account was due to mature. 

Daliah

Nick_C said:

TSB - 3% only applies to new accounts.  The rate is fixed.  If you already have a TSB Monthly Saver, you are locked into the old rate until your account matures.

If you have closed an old account paying 2%, you cannot open a new account until your old account was due to mature. 

In protest, I am closing my 2.5% TSB RS and move my balance to my 2.5% YBS 6 access saver

They are unlikely to notice, but it makes me feel slightly better 😂

where_are_we

I am re-evaluating all my RS`s. Yes - TSBMS is no more!

Bridlington1

I am also e-evaluating my Monthly Savers. I shut my TSB Monthly Saver (2% version) the other day. Leeds BS have until next week to up their interest rate to above 2.25% before I withdraw all but the minimum balance and may be axed altogether if they haven't upped their rate by early November.  The next round of interest rate rises looks set to decimate my collection of regular savers. If easy access rates pass 2.5%, which can't be far away now, Lloyds, Halifax, Bank of Scotland and Santander will also be getting the chop, with SRBS, Loughborough BS and Mansfield BS now looking increasingly vulnerable.

Daliah

Bridlington1 said:

I am also e-evaluating my Monthly Savers. I shut my TSB Monthly Saver (2% version) the other day. Leeds BS have until next week to up their interest rate to above 2.25% before I withdraw all but the minimum balance and may be axed altogether if they haven't upped their rate by early November.  The next round of interest rate rises looks set to decimate my collection of regular savers. If easy access rates pass 2.5%, which can't be far away now, Lloyds, Halifax, Bank of Scotland and Santander will also be getting the chop, with SRBS, Loughborough BS and Mansfield BS now looking increasingly vulnerable.

Of that list, I am keeping my SRBS one, albeit with a minimum deposit of £25 now, as this account is open-ended, and they have increased the interest rate in the past. All the others are up for the chop, or have already been chopped.

Nick_C

From Monday, I will be getting 2.6% easy access on my Skipton Flexible ISA.  It pays BOEBR + 0.35%.  (No longer available.)  However, mine matures in January.  I'm keeping my 2.5% RS accounts open and funded until something better comes along.  I've opened both the YBS 2.5% accounts with minimal funding for future use, but Santander, Halifax, and Lloyds give me more options for withdrawals than putting everything with YBS.

I cleared TSB down to zero on 15 August.  I will collect the interest in January.  TSB don't make it easy to close accounts, so I now have 4 accounts with them that have a zero balance.

Daliah

Nick_C said:

 TSB don't make it easy to close accounts, so I now have 4 accounts with them that have a zero balance.

They certainly don't. Their instructions for using the chat bot, hilariously called Smart Agent, don't work because the chat bot is not working properly..You can apparently also close it by online form but that's even worse than the chat bot as you need to upload ID, and it's a convoluted process. 

EDIT: Looks they have completely removed the chat bot for now. I can see it any longer. Earlier today, it was there but behaving badly....