Regular Savings Accounts: The Best Currently Available List!

Kazza242

I've just called and spoken to The Cambridge.  They said that because they are allowing members with maturing Extra Reward Regular Savers to invest in another Extra Reward Regular Saver at 5.00%, this is a special offer which does not feature amongst their online maturity options page.

What you need to do if you want the 5.00% offer is call The Cambridge before your account is due to mature (i.e. now) and they will apply your maturity options over the phone. 

On the date that your Extra Reward Regular Saver matures, they will transfer the balance and interest to your nominated account, excluding £250 which will be left in your account. 

The account will be a new 5.00% Extra Reward Regular Saver with the same account number (so you only need to extend your SO for another 11 payments/create a new one if you've already deleted it).

They have taken my maturity instructions over the phone and will carry them out on the morning that my account is due to mature.  They have confirmed that I will be getting the 5.00% Extra Reward Regular Saver for another year.

[Deleted User]

JamesRobinson48 said:

Cambridge BS:  same for me as for veryintrigued. Even though I did get the email promising the 5% option.

I'm in the same situation. I got an email from Cambridge BS this morning saying that my Extra Reward RS matures on 19th October and that I qualify for a follow on Extra Reward RS at 5% pa fixed for a year. The email said I could give maturity instructions online using the maturity manager button. When I do that, there is no mention of a 5% Extra Reward RS as an option. 

Kazza242

Deleted_User said:

JamesRobinson48 said:

Cambridge BS:  same for me as for veryintrigued. Even though I did get the email promising the 5% option.

I'm in the same situation. I got an email from Cambridge BS this morning saying that my Extra Reward RS matures on 19th October and that I qualify for a follow on Extra Reward RS at 5% pa fixed for a year. The email said I could give maturity instructions online using the maturity manager button. When I do that, there is no mention of a 5% Extra Reward RS as an option. 

Please see my post above Hattie.  

Section62

Kazza242 said:

I've just called and spoken to The Cambridge.  They said that because they are allowing members with maturing Extra Reward Regular Savers to invest in another Extra Reward Regular Saver at 5.00%, this is a special offer which does not feature amongst their online maturity options page.

I wonder whether those who didn't qualify for the Extra Reward in 2021, but now would when their 3% Reward RS matures, will be included in this extra special offer?

Kazza242

Section62 said:

Kazza242 said:

I've just called and spoken to The Cambridge.  They said that because they are allowing members with maturing Extra Reward Regular Savers to invest in another Extra Reward Regular Saver at 5.00%, this is a special offer which does not feature amongst their online maturity options page.

I wonder whether those who didn't qualify for the Extra Reward in 2021, but now would when their 3% Reward RS matures, will be included in this extra special offer?

The e-mail states that Cambridge BS are giving members with a maturing Extra Reward Regular Saver exclusive access to invest into another Extra Reward Regular Saver at 5.00%

Therefore, I think it will be only available to members that have a maturing Extra Reward Regular Saver account.  Though, it would be best for members to call The Cambridge to discuss the maturity options available to them.  As I wrote earlier, the special offer does not appear on the online maturity options page.  You have to call to get it. 

Well done The Cambridge though.  It's an excellent offer.   

Frogletina

Enjoy 2.50% AER/Gross (fixed) interest with our Regular eSaver,

This was the email I received from Santander today. I thought they had reduced the interest rate, but no. When I went onto my account it said the same thing until I clicked apply whereupon it showed 2.75%

It's about time they got their act together. I've not been impressed with them lately.

MiserlyMartin

Kazza242 said:

Santander have launched Regular eSaver (issue 16) paying 2.75% (fixed).  

It allows you to save up to £200 per month.  Withdrawals are permitted.

https://www.santander.co.uk/personal/savings-and-investments/savings/regular-esaver

Fixed is no good when nearly every two months the bank rate goes up by 50 basis points on average to fight inflation, and also we have a ££ crisis and a bank printing money which is more inflationary, you couldn't make it up. Add in money handouts from government while cutting tax you have a crisis and all the ingredients for rate rises for some time

MiserlyMartin

cricidmuslibale said:

Wow! I'm actually quite impressed with Nationwide for once! The 2 and 3 year fixed rate online bonds pay what are presently very good interest rates of 4.50% and 4.75% respectively! - I think the interest rate for the 3 year online bond is at this moment better than any other currently available 3 year fixed rate account! 

You won't be saying that once instant access accounts pass 6%. Call me grumpy old git but I remember when 10% on your savings was not very much.

MiserlyMartin

I checked the Darlington Reg savers, old and new and they are still 2.50%. There is no announcement apart from a promise to review the savings rates in due course and that was dated 22nd September. They had better increase by the full 0.5% soon or instant access accounts are about to surpass the rate, and other reg savers have already overtaken it. I am reluctant to sink more money into them now, and poised to withdraw!

Nick_C

MiserlyMartin said:

Kazza242 said:

Santander have launched Regular eSaver (issue 16) paying 2.75% (fixed).  

It allows you to save up to £200 per month.  Withdrawals are permitted.

https://www.santander.co.uk/personal/savings-and-investments/savings/regular-esaver

Fixed is no good when nearly every two months the bank rate goes up by 50 basis points on average to fight inflation, and also we have a ££ crisis and a bank printing money which is more inflationary, you couldn't make it up. Add in money handouts from government while cutting tax you have a crisis and all the ingredients for rate rises for some time

Fixed is absolutely fine in this case, as you can withdraw your money and/or close your account without penalty when a better rate becomes available.