Regular Savings Accounts: The Best Currently Available List!

10_66

Daliah said:

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....

I sent them an online form today via their complaints link and didn't need ID.  If you click on the link below and then click on "other ways to make a complaint" you'll see a link for "online form".  Once there, you have the option of a query rather than complaint.  I filled that out and sent it, hoping they'll close via this.

https://www.tsb.co.uk/help/complaints/

liamcov

Not a RS - don't bite my head off.

Surprised not been mentioned - Barclays Rainy Day Saver 5% and instant access (up to £5,000 and need Blue Rewards on their current account).

Kazza242

liamcov said:

Not a RS - don't bite my head off.

Surprised not been mentioned - Barclays Rainy Day Saver 5% and instant access (up to £5,000 and need Blue Rewards on their current account).

The Barclays Rainy Day Saver account was mentioned on the Top Easy Access Savings Discussion thread at lunchtime today.

https://forums.moneysavingexpert.com/discussion/comment/79520120/#Comment_79520120

MDMD

liamcov said:

Not a RS - don't bite my head off.

Surprised not been mentioned - Barclays Rainy Day Saver 5% and instant access (up to £5,000 and need Blue Rewards on their current account).

Someone should tell this to the “i”

“Barclays is one of the highest paying regular savings accounts, alongside NatWest and RBS, who also offer 5 per cent on their Digital Regular Saver.”

https://inews.co.uk/inews-lifestyle/money/saving-and-banking/barclays-new-savings-account-5-per-cent-interest-compare-rates-uk-1888056

Daliah

MDMD said:

liamcov said:

Not a RS - don't bite my head off.

Surprised not been mentioned - Barclays Rainy Day Saver 5% and instant access (up to £5,000 and need Blue Rewards on their current account).

Someone should tell this to the “i”

“Barclays is one of the highest paying regular savings accounts, alongside NatWest and RBS, who also offer 5 per cent on their Digital Regular Saver.”

https://inews.co.uk/inews-lifestyle/money/saving-and-banking/barclays-new-savings-account-5-per-cent-interest-compare-rates-uk-1888056

whoever wrote this has clearly not the foggiest about Regular Savers, and thinks it means regular as in "he's a regular bloke"

cricidmuslibale

Daliah said:

MDMD said:

liamcov said:

Not a RS - don't bite my head off.

Surprised not been mentioned - Barclays Rainy Day Saver 5% and instant access (up to £5,000 and need Blue Rewards on their current account).

Someone should tell this to the “i”

“Barclays is one of the highest paying regular savings accounts, alongside NatWest and RBS, who also offer 5 per cent on their Digital Regular Saver.”

https://inews.co.uk/inews-lifestyle/money/saving-and-banking/barclays-new-savings-account-5-per-cent-interest-compare-rates-uk-1888056

whoever wrote this has clearly not the foggiest about Regular Savers, and thinks it means regular as in "he's a regular bloke"

It's usually very unlike the 'i', in my considerable experience of reading it regularly, to be so sloppy and inaccurate! It's normally one of a very few no. of newspapers imho that combine accuracy and concision with impartiality in an era of a great deal of blatant print media bias!

cricidmuslibale

If I may for a moment refer to the title of this fairly longstanding and usually very valuable thread, I strongly believe right now that in this current climate of constantly rising interest rates most of us savers should be very wary of saving in fixed rate regular savings accounts that last for one year or more, unless the fixed interest rate in question is at least c.1.25% above the leading easy access rate. So, at this moment I personally wouldn't put any money whatsoever into a fixed rate regular saver paying less than 3.5%, even if that regular saver was from a bank or building society that I normally have a lot of time for!

I.e., Imo the best currently available regular savers are variable interest rate ones paying c.2.5% or more, providing of course that the savings provider in question is as likely to raise the variable interest rate in this current rising interest rate climate as it is likely to lower said interest rate in a falling interest rate world!

Section62

cricidmuslibale said:

If I may for a moment refer to the title of this fairly longstanding and usually very valuable thread, I strongly believe right now that in this current climate of constantly rising interest rates most of us savers should be very wary of saving in fixed rate regular savings accounts that last for one year or more, unless the fixed interest rate in question is at least c.1.25% above the leading easy access rate. So, at this moment I personally wouldn't put any money whatsoever into a fixed rate regular saver paying less than 3.5%, even if that regular saver was from a bank or building society that I normally have a lot of time for!

More important is whether the account allows withdrawals without (excessive) penalty.

There is no special reason to avoid RS accounts paying less than 3.5% interest if the account allows you to take that money elsewhere if better rates do appear down the line. (Although some people will expect a better margin to allow for the hassle of opening and closing accounts)

The thread title is "...The Best Currently Available List" - I think it is a good idea to stick with that for now.

tg99

Anyone know if I close early my 1.75% fixed virgin homebuyer Reg saver would I get interest accrued up until date of closure or is there any penalty / loss of interest? (Couldn’t see any reference to this in terms so believe should get full accrued interest.)

wmb194

tg99 said:

Anyone know if I close early my 1.75% fixed virgin homebuyer Reg saver would I get interest accrued up until date of closure or is there any penalty / loss of interest? (Couldn’t see any reference to this in terms so believe should get full accrued interest.)

Yes, that's no problem, you'll receive your accrued interest and there's no penalty. You can do it online. In the withdrawals section there's an option to close your account.