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Regular Savings Accounts: The Best Currently Available List!
Comments
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And you can reduce the amount you pay in so I'm happy with that for now.Nick_C said:
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.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 timeI choose the rooms that I live in with care,
The windows are small and the walls almost bare,
There's only one bed and there's only one prayer;
I listen all night for your step on the stair.0 -
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 🤦🏻♂️😂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!If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.1 -
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.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 time1 -
16-25 Regular Saver 5.35%
Bath Building Society new rates WEF 1st November.Homestart Regular Saver 2.55%
The Regular Saver 2.24%3 -
Wow, now that’s impressive! They put them up on 1st October too!chris_the_bee said:
16-25 Regular Saver 5.35%
Bath Building Society new rates WEF 1st November.Homestart Regular Saver 2.55%
The Regular Saver 2.24%If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.1 -
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.
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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.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.If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.1 -
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.4 -
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?0
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My interpretation is yes.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?
"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/
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