Regular Savings Accounts: The Best Currently Available List!

chris_the_bee

Special_Saver2 said:

9. Best Feeder Accounts

Virgin Money M Plus Current Account

Paying 2% p.a. / 2.02% AER on up to £1,000. Linked savings account pays 1.71% interest on balances up to £25,000 and 1% on balances over £25,000.

No interest paid on amounts over this. No fees on overseas transactions. 

Correction:
Paying 2% p.a. / 2.02% AER on up to £1,000.
No interest paid on amounts over this. No fees on overseas transactions. 
Linked savings account pays 2% p.a. / 2.02% AER interest on balances up to £25,000 and 1.5% p.a. / 1.51% AER on balances over £25,000.

ForumUser7

Wheres_My_Cashback said:

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.   

I have it on good authority that the FHS online 1 rate will be updated on 01/11.

Any chance the good authority mentioned whether the FHS rate will be announced in advance of 1st November and take place on 1st nov, or if it will be announced and take place on the same date (1st Nov)? Thanks!

bristolleedsfan

Anyone thinking of opening TSB spend and save account for 3% regular saver who does not wish to switch.

Quidco £1 per month premium membership offering £132 cashback, no direct debits needed, terms can be seen after logging in to Quidco

https://www.quidco.com/search/?search=TSB Spend & Save Current Account

Kazza242

According to Moneyfacts, Saffron Building Society will be launching their 12 Month Fixed Rate Members Regular Saver (issue 12), which will pay 3.00%.

It is likely to be available from 25th October.  It is available to members who have had an existing relationship with Saffron Building Society for the past 12 months.  

Holders of earlier issues of Saffron Members Regular Saver can apply via secure message or over the phone for their account to be product switched to the new issue.   

(They use some money from your existing balance to cover the payment for this month and the remaining balance is sent to your nominated account).  You then just need to amend your standing order so that another 11 payments are scheduled.  

https://www.saffronbs.co.uk/Savings/Regular-Savings-Accounts

Speculator

bristolleedsfan said:

Anyone thinking of opening TSB spend and save account for 3% regular saver who does not wish to switch.

Quidco £1 per month premium membership offering £132 cashback, no direct debits needed, terms can be seen after logging in to Quidco

https://www.quidco.com/search/?search=TSB Spend & Save Current Account

Doubt Quidco/TSB will pay the cashback.

Wife and I had £60 TSB cashback declined last year for opening their spend & save current account. Waited over a year before it was declined. Quidco couldn't help.

ForumUser7

Kazza242 said:

According to Moneyfacts, Saffron Building Society will be launching their 12 Month Fixed Rate Members Regular Saver (issue 12), which will pay 3.00%.

It is likely to be available from 25th October.  It is available to members who have had an existing relationship with Saffron Building Society for the past 12 months.  

Holders of earlier issues of Saffron Members Regular Saver can apply via secure message or over the phone for their account to be product switched to the new issue.   

(They use some money from your existing balance to cover the payment for this month and the remaining balance is sent to your nominated account).  You then just need to amend your standing order so that another 11 payments are scheduled.  

https://www.saffronbs.co.uk/savings/regular-savings-accounts/12-month-fixed-rate-members-regular-saver-issue-11

Their small saver issue 6 is coming out too with 3.50% on £50 per month according to MoneyFacts

where_are_we

New Saffron RS12 - hopefully available tomorrow - as Kazza explains, they are very quick to respond to a secure message request to close RS11 and open new RS12 with same account number. This time it is good that you are able to get first payment of £500 (October) into RS12 followed a few days later by November`s £500. 

veryintrigued

Halifax Regular Saver increased to 4.5% for new accounts 

Can I kindly suggest that if people want to discuss the nuances of this account they begin a new 'Halifax Regular Saver thread'.

https://www.halifax.co.uk/savings/fixed-term/regular-saver.html

liamcov

Monmouth Christmas Saver Bond (Issue 4)

Has anyone had any maturity instructions for this account? I haven't heard a peep - wondering if I can instruct them to transfer part of balance to a new regular saver and rest to my bank account?

Section62

liamcov said:

Monmouth Christmas Saver Bond (Issue 4)

Has anyone had any maturity instructions for this account? I haven't heard a peep - wondering if I can instruct them to transfer part of balance to a new regular saver and rest to my bank account?

It was a couple of weeks ago, but there was no maturity-type RS account on offer at that time -

https://forums.moneysavingexpert.com/discussion/comment/79552588/#Comment_79552588