Regular Savings Accounts: The Best Currently Available List!

Special_Saver2

Hi Everybody,

I have changed the following items on page 1 of this thread for this weekend's update.

- NatWest Digital Regular Saver Account (and I presume Royal Bank of Scotland Digital Regular Saver Account) interest rate updated to 5% gross p.a. (5.12% AER) variable up to £1,000 then 1% on £1,001 - £5,000 then 0.5% above £5,000 from 18th October 2022

- Bath BS Homestart Regular Saver interest rate updated to 2.55% gross p.a. variable from 1st November 2022

- Bath BS 16-25 Regular Saver interest rate updated to 5.35% gross p.a. variable from 1st November 2022

- Bath BS Regular Saver interest rate updated to 2.24% gross p.a. variable from 1st November 2022

- Principality BS Learner Earner Issue 3 (Adult with a Child) interest rate updated to 3.5% gross p.a. variable from 13th October 2022

- Principality BS NHS Thank You Saver (Issue 4) and Principality BS NHS Thank You Online Saver (Issue 4) interest rate updated to 3% gross p.a. variable from 13th October 2022

- Principality BS Dylan Regular Saver Bond (Issue 11, children only) replaces issue 10 with an interest rate of 3.5% gross p.a. fixed

- Principality BS 1 Year Regular Saver Bond (Issue 30) replaces issue 29 with an interest rate of 3.25% gross p.a. fixed

- Principality BS First Home Steps Savings Account (Issue 3) interest rate updated to 2.8% - 3.5% gross p.a. variable (2.8% if your balance is £2,500, then 3% if your balance is £2,501 - £7,500 then 3.5% from £7,500 to £25,000) from 13th October 2022

- Darlington BS Teen Goal Saver and Darlington BS Darly Young Saver interest rate increased to 3.3%

- Darlington BS Green Regular Saver interest rate increased to 2.25%

- Nationwide BS Flex Regular Saver withdrawn and removed from the list

- Cumberland BS Regular Saver (Issue 3) interest rate updated to 2.5%

I have made a note of new accounts from Market Harborough and Swansea BS but I have not added them yet as I do not think they are going to still be in my list on page 1 when I update it with the new interest rate threshold later this month.

I will do the next update next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

happybagger

I can't see it listed on P1, but Hinckley & Rugby have an open-ended RS, rate goes up to 3.5% on 21 October.

£10 to £500 p/m, but unlimited withdrawals on 30 days notice

Does not appear to have postcode restriction.

Source

Wheres_My_Cashback

happybagger said:

I can't see it listed on P1, but Hinckley & Rugby have an open-ended RS, rate goes up to 3.5% on 21 October.

£10 to £500 p/m, but unlimited withdrawals on 30 days notice

Does not appear to have postcode restriction.

Source

It's a 2 year RS which reverts to an easy access account, 6K per year, Max balance 12K (excl interest)

ForumUser7

happybagger said:

I can't see it listed on P1, but Hinckley & Rugby have an open-ended RS, rate goes up to 3.5% on 21 October.

£10 to £500 p/m, but unlimited withdrawals on 30 days notice

Does not appear to have postcode restriction.

Source

Here is the document showing other HRBS rate increases for anyone interested: https://www.hrbs.co.uk/wp-content/uploads/2022/10/Interest-Rates-change-notice-21-October-22-Web.pdf

Daliah

happybagger said:

I can't see it listed on P1, but Hinckley & Rugby have an open-ended RS, rate goes up to 3.5% on 21 October.

£10 to £500 p/m, but unlimited withdrawals on 30 days notice

Does not appear to have postcode restriction.

Source

Despite of the complication of 30 days notice, it sounded interesting .....until I came to read abut applying and managing by Post or in Branch.

It's not opened-ended but 2 years max: After 2 years your account will automatically become a Plain Sailing Easy Access Account

I'll pass for now but it sounds interesting for those who can manage with postal/Branch application and management.

happybagger

Cheers folks, I missed the 2 year limit. I haven't got the account myself, just noticed it while browsing.

chris_the_bee

Daliah said:

happybagger said:

I can't see it listed on P1, but Hinckley & Rugby have an open-ended RS, rate goes up to 3.5% on 21 October.

£10 to £500 p/m, but unlimited withdrawals on 30 days notice

Does not appear to have postcode restriction.

Source

Despite of the complication of 30 days notice, it sounded interesting .....until I came to read abut applying and managing by Post or in Branch.

It's not opened-ended but 2 years max: After 2 years your account will automatically become a Plain Sailing Easy Access Account

I'll pass for now but it sounds interesting for those who can manage with postal/Branch application and management.

We applied for 2 accounts which were opened the day after I sent the forms. Once you have the account number you can register on line for H&R Online. It allows you to view account and send messages. You are required to give 30 days’ notice in writing, online, by telephone or at a branch or agency. That gives you a 14 day window to send your passbook and withdraw funds. Currently by cheque although they hope to use FPS within 2 years. Personally, I think the hassle is worth it for 3.50%.

ForumUser7

chris_the_bee said:

Daliah said:

happybagger said:

I can't see it listed on P1, but Hinckley & Rugby have an open-ended RS, rate goes up to 3.5% on 21 October.

£10 to £500 p/m, but unlimited withdrawals on 30 days notice

Does not appear to have postcode restriction.

Source

Despite of the complication of 30 days notice, it sounded interesting .....until I came to read abut applying and managing by Post or in Branch.

It's not opened-ended but 2 years max: After 2 years your account will automatically become a Plain Sailing Easy Access Account

I'll pass for now but it sounds interesting for those who can manage with postal/Branch application and management.

We applied for 2 accounts which were opened the day after I sent the forms. Once you have the account number you can register on line for H&R Online. It allows you to view account and send messages. You are required to give 30 days’ notice in writing, online, by telephone or at a branch or agency. That gives you a 14 day window to send your passbook and withdraw funds. Currently by cheque although they hope to use FPS within 2 years. Personally, I think the hassle is worth it for 3.50%.

So you give the notice online, but have to post off the passbook to actually request the withdrawal?

chris_the_bee

ForumUser7 said:

chris_the_bee said:

Daliah said:

happybagger said:

I can't see it listed on P1, but Hinckley & Rugby have an open-ended RS, rate goes up to 3.5% on 21 October.

£10 to £500 p/m, but unlimited withdrawals on 30 days notice

Does not appear to have postcode restriction.

Source

Despite of the complication of 30 days notice, it sounded interesting .....until I came to read abut applying and managing by Post or in Branch.

It's not opened-ended but 2 years max: After 2 years your account will automatically become a Plain Sailing Easy Access Account

I'll pass for now but it sounds interesting for those who can manage with postal/Branch application and management.

We applied for 2 accounts which were opened the day after I sent the forms. Once you have the account number you can register on line for H&R Online. It allows you to view account and send messages. You are required to give 30 days’ notice in writing, online, by telephone or at a branch or agency. That gives you a 14 day window to send your passbook and withdraw funds. Currently by cheque although they hope to use FPS within 2 years. Personally, I think the hassle is worth it for 3.50%.

So you give the notice online, but have to post off the passbook to actually request the withdrawal?

Yes, that's correct.

subjecttocontract

Id feel very uncomfortable about having specific postal time limits imposed on me during a long and protracted postal strike.