Regular Savings Accounts: The Best Currently Available List!

Frogletina

kaMelo said:

The problem I have with closing the Santander regular saver is that whilst the initial £200 deposit will earn more, there is nowhere else to put the remaining £1200 in the original regular saver at more than 2.35%, a 0.15% loss
I haven't done the arithmetic but if you offset the loss on this sum against the gain on taking out the new version there is going to be hardly any benefit in doing it.

Mine has gone into the Yorkshire 6 access account - 2.50%, but will later go into the Barclays Rainy Day account once I have set up the Barclays Blue rewards account - 5.00%.

xnoxxnox

Closing and reopening Santander eregual saver. The robotchat in the app has been updated. I started with "Can I please close my regular saver account and transfer remaining balance and interest to my 123lite account?" And it had explicit options for closing account, eregular saver upgrade, etc. The additional question is full home address. So include that in your request, or the chat bot allows to leave that in a message. Now awaiting for them to close it next week.

wmb194

xnoxxnox said:

Closing and reopening Santander eregual saver. The robotchat in the app has been updated. I started with "Can I please close my regular saver account and transfer remaining balance and interest to my 123lite account?" And it had explicit options for closing account, eregular saver upgrade, etc. The additional question is full home address. So include that in your request, or the chat bot allows to leave that in a message. Now awaiting for them to close it next week.

Yes, I did all that too but they still came back asking for all the same details again "to confirm" and because I didn't receive a notification I didn't know to go back to it and they closed the request. 

My advice would be to keep going back to the chat to check that you haven't been asked something. I managed to get it done on the second attempt by doing this.

[Deleted User]

Chorley Seasonal Saver Issue 1 (maturing 31 October 2022)

I got my maturity papers in the post this morning. They are offering (like last year and the year before) to rollover £1 into the same account name but with a maturity date of 31 October 2023. The new interest rate from 1 November will be 2.30% variable (against 1.75% currently on the present issue). The problem with this account is that neither withdrawal nor early closure is allowed until maturity. The terms do allow early closure if the interest rate goes down. However (as was the case with last year's issue) the interest rate may not go down but not go up very much, thereby becoming uncompetitive against other accounts, and there is no right to close. I have decided to do the rollover to the new account but will restrict monthly payments from November to the minimum of £25. This will keep my foot in the Chorley door in case of great things ahead (unlikely).

Speculator

Deleted_User said:

Chorley Seasonal Saver Issue 1 (maturing 31 October 2022)

I got my maturity papers in the post this morning. They are offering (like last year and the year before) to rollover £1 into the same account name but with a maturity date of 31 October 2023. The new interest rate from 1 November will be 2.30% variable (against 1.75% currently on the present issue). The problem with this account is that neither withdrawal nor early closure is allowed until maturity. The terms do allow early closure if the interest rate goes down. However (as was the case with last year's issue) the interest rate may not go down but not go up very much, thereby becoming uncompetitive against other accounts, and there is no right to close. I have decided to do the rollover to the new account but will restrict monthly payments from November to the minimum of £25. This will keep my foot in the Chorley door in case of great things ahead (unlikely).

Looks like they've increased the minimum.

I've paid £5 x 12 (plus initial £1) into the current issue.

Was last year £1 per month?  If it's £25 pm this year, I probably won't bother.

Descrabled

Chorley Seasonal Saver

Thanks Hattie for the info. Like you, I will probably allow the £1 rollover. This year the minimum payment was £1 or no payment each month.  I have seldom paid more than £1. Has the terms changed?

Daliah

Speculator said:

Deleted_User said:

Chorley Seasonal Saver Issue 1 (maturing 31 October 2022)

I got my maturity papers in the post this morning. They are offering (like last year and the year before) to rollover £1 into the same account name but with a maturity date of 31 October 2023. The new interest rate from 1 November will be 2.30% variable (against 1.75% currently on the present issue). The problem with this account is that neither withdrawal nor early closure is allowed until maturity. The terms do allow early closure if the interest rate goes down. However (as was the case with last year's issue) the interest rate may not go down but not go up very much, thereby becoming uncompetitive against other accounts, and there is no right to close. I have decided to do the rollover to the new account but will restrict monthly payments from November to the minimum of £25. This will keep my foot in the Chorley door in case of great things ahead (unlikely).

Looks like they've increased the minimum.

I've paid £5 x 12 (plus initial £1) into the current issue.

Was last year £1 per month?  If it's £25 pm this year, I probably won't bother.

Likewise. I was happy to keep going with £1 (my SO is £10 actually) and would continue to do so but at £25, I won't play any longer for 2.3%.

SueDebt

It's probably obvious when I'm told the answer but I have the 

Virgin Home Buying Coach Regular Saver 11

and I can't find my balance in the app.

[Deleted User]

Descrabled said:

Chorley Seasonal Saver

Thanks Hattie for the info. Like you, I will probably allow the £1 rollover. This year the minimum payment was £1 or no payment each month.  I have seldom paid more than £1. Has the terms changed?

It's a bit strange. The accompanying letter says that there is a minimum monthly pay-in of £25. However, the account terms only mention a maximum monthly pay-in of £250. There is certainly no mention of a "penalty" for not paying in each month (eg downgrade of the account, as is sometimes threatened for missing monthly payments). 

Daliah

SueDebt said:

It's probably obvious when I'm told the answer but I have the 

Virgin Home Buying Coach Regular Saver 11

and I can't find my balance in the app.

You can only view and manage it in online banking, not via the app. You need to use their savings login