Regular Savings Accounts: The Best Currently Available List!

chris_the_bee

where_are_we said:

Leeds Building Society - RS @1.95% - unhappy with their antiquated withdrawal system, I decided to close RS and only option was a cheque withdrawal. Few days later, inside Nationwide I joined the queue for depositing the cheque at the machine only to discover that there is a £2000 limit on depositing cheques by that method! Queue to cashiers was even longer. "C`est la vie"!

Money is now inside Santander E Saver@2.75%.

I am gradually going through RS`s and ditching those below 2.75%.

The way around the cheque issue is to open a Leeds E-Saver instant access account. You can then transfer funds from RS into it and thence transfer FPS from E-Saver to your other bank.

dingling68

Kazza242 said:

The Principality Building Society Regular Saver Bond (issue 30) now pays 3.25% (fixed).

It allows savers to pay in up to £250 per month.

You cannot make any withdrawals from the account until it matures

You can close the account before it matures. Any interest earned will be added to the account balance and paid to the account holder.

https://www.principality.co.uk/savings-accounts/fixed-term-savings-and-bonds/1-year-regular-saver-bond

I think this will be at least the third time I have closed the previous issue account and opened the new one for the higher interest. Thankfully it is a smooth process handled online if required

Daliah

dingling68 said:

Kazza242 said:

The Principality Building Society Regular Saver Bond (issue 30) now pays 3.25% (fixed).

It allows savers to pay in up to £250 per month.

You cannot make any withdrawals from the account until it matures

You can close the account before it matures. Any interest earned will be added to the account balance and paid to the account holder.

https://www.principality.co.uk/savings-accounts/fixed-term-savings-and-bonds/1-year-regular-saver-bond

I think this will be at least the third time I have closed the previous issue account and opened the new one for the higher interest. Thankfully it is a smooth process handled online if required

You are allowed one of each issue. So if you have Issue 29 (2.8%), you can keep it if you want to, alongside Issue 30.

[Deleted User]

Principality Building Society

I opened RSB Issue 29 in September at 2.80% fixed. I have now opened and funded Issue 30 at 3.25% fixed.

I will keep Issue 29 going at the moment as it just beats anything I can get on easy access.

As noted above, you can have one of each issue Principality's Regular Savers. You can close at any time without loss of interest.

adindas

I have been trying to pay my YBS Loyalty Reg eSaver by Halifax debitcard today, got declined. I iwll try that again later. I just wonder about other people experience paying your YBS RSA using halifax debitcard. Is there any change. Thanks

Section62

adindas said:

I have been trying to pay my YBS Loyalty Reg eSaver by Halifax debitcard today, got declined. I iwll try that again later. I just wonder about other people experience paying your YBS RSA using halifax debitcard. Is there any change. Thanks

The YBS debit card deposit system does occasionally fail for no apparent reason.  About a year ago it failed more often than it worked, but I think they fixed that issue.  I don't know if there has been a recent change, but it is something I normally expect to happen from time to time so I make sure the deposits are made early enough in the month to go with a plan 'B' if it does go wrong.

dcs34

Kazza242 said:

Principality Building Society have increased the interest rates paid on some of their First Home Steps online and branch-based regular savers (w.e.f. 13th October 2022.):

First Home Steps Online (issue 2) - Current issue

• Now pays 3.50% on balances £7,501 - £25,000, 3.00% £2,501 - £7500.00 and 2.80% £1 - £2,500.00.
• Maximum account balance is £25,000
• The account is available to open and manage online.
• This is a regular savings account for first-time buyers (though they don't verify this)
• The minimum account balance is £1.  The accounts allows you to pay in up to £1,500 per month. 
• Up to 3 penalty-free withdrawals permitted every calendar year.

https://www.principality.co.uk/savings-accounts/everyday-savings-accounts/First-Home-Steps-Online

First Home Steps Account (issue 3) - Current issue

• Now pays 3.50% on balances £7,501 - £25,000, 3.00% £2,501 - £7500.00 and 2.80% £1 - £2,500.00.
• Maximum account balance is £25,000
• The account must be opened in the branch or agency.  
• You can manage the account in branch, at an agency, by post, or by using the online service.
• This is a regular savings account for first-time buyers (though they don't verify this)
• The minimum account balance is £1.  The accounts allows you to pay in up to £1,500 per month. 
• Up to 3 penalty-free withdrawals permitted every calendar year.

https://www.principality.co.uk/savings-accounts/everyday-savings-accounts/First-Home-Steps-account

The rate on their closed issue 1, remains unchanged at the moment:  

First Home Steps Online (issue 1) - Closed issue

• Currently pay 2.55% on balances £7,501 - £25,000, 2.05% £2,501 - £7500.00 and 1.85% £1 - £2,500.00.  
• No change to the account interest rate at the moment.

Though information on the Principality Building Society website states that that are still currently working through what the latest BOE base rate increase means for their members.  Therefore, there is a possibility that closed issue rates may change soon too.   

Closed yesterday just my luck - at least the lowest interest rate tier still beats the 2.75% easy access whilst building the account balance back up!

dingling68

Daliah said:

dingling68 said:

I think this will be at least the third time I have closed the previous issue account and opened the new one for the higher interest. Thankfully it is a smooth process handled online if required

You are allowed one of each issue. So if you have Issue 29 (2.8%), you can keep it if you want to, alongside Issue 30.

Thank you so much for this, even less hassle!

Descrabled

Saffron

Received email today that my account was increasing in interest. Shaking with anticipation I opened the pdf only to find their regular savers remain as before at 2.55% for RS 11 and 3% for small saver. Aaaa.....rgh.

where_are_we

Saffron RS - 2.55% fixed - I have just withdrawn all but £100 in order to remain a voting member. I assume you can miss monthly payments with no penalty? I will cancel SO`s funding RS forthwith. They have a history of new RS`s with competitive interest rates that you can open on closure of old RS. Money gone to new Santander E Saver 2.75%.