Regular Savings Accounts: The Best Currently Available List!

subjecttocontract

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

Descrabled

Chorley Seasonal Saver (closed accounts)

I notice that these accounts will increase from 1.75% to 2.25% on 21st November.

Now my account matures on 30th November.  Does this mean they intend to allow them to rollover with £1 as they did last year?

adindas

Descrabled said:

Chorley Seasonal Saver (closed accounts)

I notice that these accounts will increase from 1.75% to 2.25% on 21st November.

Now my account matures on 30th November.  Does this mean they intend to allow them to rollover with £1 as they did last year?

There is no point of having  RSA paying less than 2.75% as Santander eSaver is now paying 2.75%. The exception is, if for some reasons you cannot get this Santander eSaver account. I started diverting most of my RSA if it is allowed to Santander or reducing the monthly contribution to minimum amount.

Daliah

adindas said:

Descrabled said:

Chorley Seasonal Saver (closed accounts)

I notice that these accounts will increase from 1.75% to 2.25% on 21st November.

Now my account matures on 30th November.  Does this mean they intend to allow them to rollover with £1 as they did last year?

There is no point of having  RSA paying less than 2.75% as Santander eSaver is now paying 2.75%. The exception is, if for some reasons you cannot get this Santander eSaver account. I started diverting most of my RSA if it is allowed to Santander or reducing the monthly contribution to minimum amount.

There is also Cynergy 2.75%.

Descrabled

Chorley Seasonal Saver (closed accounts)

The advantage of the £1 rollover would be to retain a presence in Chorley BS for a small sum with the possibility of an increase in the variable interest rate of the regular saver. This would also give access to any advantageous (I nearly said interesting) accounts that they occasionally offer to existing savers.

Ms Descrambled and myself are being very selective with our regular savers and avoiding those accounts that are fixed interest. We have not opened any of the Lloyds group regular savers.

Ms Descrabled is not descrambled just yet!

subjecttocontract

adindas said:

Descrabled said:

Chorley Seasonal Saver (closed accounts)

I notice that these accounts will increase from 1.75% to 2.25% on 21st November.

Now my account matures on 30th November.  Does this mean they intend to allow them to rollover with £1 as they did last year?

There is no point of having  RSA paying less than 2.75% as Santander eSaver is now paying 2.75%. The exception is, if for some reasons you cannot get this Santander eSaver account. I started diverting most of my RSA if it is allowed to Santander or reducing the monthly contribution to minimum amount.

....yes there is a reason to have RSA paying less than 2.75%.
Someone who is maxed out with Cynergy & maxed out with Santander and who still has spare savings will look for the next best account.

Bridlington1

subjecttocontract said:

adindas said:

Descrabled said:

Chorley Seasonal Saver (closed accounts)

I notice that these accounts will increase from 1.75% to 2.25% on 21st November.

Now my account matures on 30th November.  Does this mean they intend to allow them to rollover with £1 as they did last year?

There is no point of having  RSA paying less than 2.75% as Santander eSaver is now paying 2.75%. The exception is, if for some reasons you cannot get this Santander eSaver account. I started diverting most of my RSA if it is allowed to Santander or reducing the monthly contribution to minimum amount.

....yes there is a reason to have RSA paying less than 2.75%.
Someone who is maxed out with Cynergy & maxed out with Santander and who still has spare savings will look for the next best account.

Someone who has maxed out Cynergy and maxed out Santander would probably need to question whether they really need to have £1.25 million in cash savings.

subjecttocontract

Yes I agree but, I was referring to the £85K max protection limit.

Descrabled

subjecttocontract said:

adindas said:

Descrabled said:

Chorley Seasonal Saver (closed accounts)

I notice that these accounts will increase from 1.75% to 2.25% on 21st November.

Now my account matures on 30th November.  Does this mean they intend to allow them to rollover with £1 as they did last year?

There is no point of having  RSA paying less than 2.75% as Santander eSaver is now paying 2.75%. The exception is, if for some reasons you cannot get this Santander eSaver account. I started diverting most of my RSA if it is allowed to Santander or reducing the monthly contribution to minimum amount.

....yes there is a reason to have RSA paying less than 2.75%.
Someone who is maxed out with Cynergy & maxed out with Santander and who still has spare savings will look for the next best account.

The main reason that I have to use more than just the two banks offering 2.75% interest is in case there is a problem with accessing the savings to withdraw funds at short notice. A corollary to the reason to have several current accounts with different providers; remember Northern Rock.

chris_the_bee

subjecttocontract said:

Yes I agree but, I was referring to the £85K max protection limit.

Don't forget FSCS protection is doubled for joint accounts.
Also don't forget that some banks share their protection with other banks. Checker here courtesy of Which? Use our 'who owns who' tool to see how much cover you'd get.