Regular Savings Accounts: The Best Currently Available List!

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. 

trickydicky14

Nick_C said:

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. 

And you can reduce the amount you pay in so I'm happy with that for now.

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.