Regular Savings Accounts: The Best Currently Available List!

ForumUser7

MiserlyMartin said:

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!

They increased on 02/09/2022 after the BOE base rate rise 04/08/2022. Given the mortgage rates are going up with them from 1/11/2022 (I think), I’m hoping for a raise shortly after then. I’m going to give maybe another month before I consider withdrawing. Mostly because last time, I withdrew and then the rates went up the day after 🤦🏻‍♂️😂

Daliah

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

As and if you find better than 2.75%, you can just stop paying into the Santander RS. What's more, you can withdraw your balance, or even close the account whenever you like.

chris_the_bee

Bath Building Society new rates WEF 1st November.

16-25 Regular Saver  5.35%

Homestart Regular Saver 2.55%
The Regular Saver 2.24%

ForumUser7

chris_the_bee said:

Bath Building Society new rates WEF 1st November.

16-25 Regular Saver  5.35%

Homestart Regular Saver 2.55%
The Regular Saver 2.24%

Wow, now that’s impressive! They put them up on 1st October too!

happybagger

Not impressive at all. The 1 October rate rise was in response to the August BoE rate announcement, and that wasn't by the full amount of the rise either, just like this one.

ForumUser7

happybagger said:

Not impressive at all. The 1 October rate rise was in response to the August BoE rate announcement, and that wasn't by the full amount of the rise either, just like this one.

I guess it depends on the rate we are referring too. I was referring to the 16-25 Regular Saver, which I hold. Perhaps I should've specified this. It would be great if it went up by the full base rate each time, but it is not a base rate tracker so cannot be expected. Regardless, this is the highest paying account I hold, and I'm always impressed by the rate on this particular product.

Nick_C

Thanks @James87 for posting about the new Santander Instant Access Savings Account at https://forums.moneysavingexpert.com/discussion/comment/79546367/#Comment_79546367

2.75% with a monthly interest option.

I'm in the process of closing 4 of my regular savers and transferring funds to Santander.  This simplifies things somewhat.

liamcov

Re the Nationwide Flex Regular Saver / Start to Save 2 - can I take money out and replace it in the same month or don't they work that way?

Nick_C

liamcov said:

Re the Nationwide Flex Regular Saver / Start to Save 2 - can I take money out and replace it in the same month or don't they work that way?

My interpretation is yes.

"You can increase your balance by up to £50 each Calendar Month."

"if you do withdraw money you may need to repay all or some of it back in during the same Calendar Month to be eligible for the prize draw"

https://www.nationwide.co.uk/savings/start-to-save/

t1redmonkey

Question; are you able to hold a Digital Regular Saver with Natwest and also RBS?  I'm guessing you can hold one with both, but just double checking!