Regular Savings Accounts: The Best Currently Available List!

phillw

You have easy access to your savings. Use one of our branches with a counter if you want to close before the end of 12 months

You have to go into a branch to close it?

kaMelo

No, just use the' renew account' option in online banking which changes it to an easy access account.

Daliah

Saffron's answer this morning to whether Issue 12 of their RS is now available

phillw

kaMelo said:

No, just use the' renew account' option in online banking which changes it to an easy access account.

What does that do for the interest?

subjecttocontract

I just did this earlier. Renewed my existing reg saver into an Easy access saver. Halifax added the Interest. I then transferred the balance to one of my bank accounts and cancelled the standing order. Then I applied for a new reg saver at 4.5%.....opened in seconds & I set up a new standing order. All very easy, no problems.

SFindlay

phillw said:

kaMelo said:

No, just use the' renew account' option in online banking which changes it to an easy access account.

What does that do for the interest?

You get the full interest due up to date of closure. 

Wheres_My_Cashback

ForumUser7 said:

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!

I was told the rate was going to be updated on the website and within your online account page on the 1st. They would not however reveal what the rate was going to be, but it was inferred that I shouldn't need to change to the newer issue.

schiff

subjecttocontract said:

I just did this earlier. Renewed my existing reg saver into an Easy access saver. Halifax added the Interest. I then transferred the balance to one of my bank accounts and cancelled the standing order. Then I applied for a new reg saver at 4.5%.....opened in seconds & I set up a new standing order. All very easy, no problems.

I'm envious. I have online access to BOS which shows my Halifax Reward acct, the Halifax Easy Saver (which I can do nothing with, I get error messages*) and my BOS CC. I had no BOS current account.
So I opened a BOS Classic account to get the new BOS RS. It didn't appear online in the same place. So I started a new web page, slightly different user name, same password, different MemInfo. Which worked and I was able to open the new BOS RS.
Nothing I try to enable me to get to the Halifax RS works, I get error messages and cut off.
May have to give up. 
*103: Sorry, we can’t update your settings right now. Please try again later.
Going via the Halifax website I get 'You are not eligible for this product'

Daliah

schiff said:

subjecttocontract said:

I just did this earlier. Renewed my existing reg saver into an Easy access saver. Halifax added the Interest. I then transferred the balance to one of my bank accounts and cancelled the standing order. Then I applied for a new reg saver at 4.5%.....opened in seconds & I set up a new standing order. All very easy, no problems.

I'm envious. I have online access to BOS which shows my Halifax Reward acct, the Halifax Easy Saver (which I can do nothing with, I get error messages*) and my BOS CC. I had no BOS current account.
So I opened a BOS Classic account to get the new BOS RS. It didn't appear online in the same place. So I started a new web page, slightly different user name, same password, different MemInfo. Which worked and I was able to open the new BOS RS.
Nothing I try to enable me to get to the Halifax RS works, I get error messages and cut off.
May have to give up. 
*103: Sorry, we can’t update your settings right now. Please try again later.

You won't be able to do much with your Halifax RS when logged into BOS. You must be logged into Halifax. I have no idea whether any of this would work on your Halifax account but it might.

Try doing what you want to do after each of the following steps

1. delete your browsing history, cache, cookies 
2. use a different browser
3. use the Halifax app 
4. re-install the Halifax app

Good luck!

ForumUser7

I have a Lloyds CA and MS, Bank of Scotland CA and MS, and now I’m trying to open the Halifax RS. Does anyone know a way to please open their RS without having a CA? I’m trying to apply online, but as soon as I click apply it says there are technical errors and online banking is unavailable rn. I know Bank of Scotland and Halifax are linked so wondered if perhaps having a current account with one of them would qualify me for a RS with the other. Thank you