Regular Savings Accounts: The Best Currently Available List!

where_are_we

dcs34 said:

where_are_we said:

Saffron new members RS12 @3%. If using secure message to close old RS11 and open new RS12 do not dilly-dally and get timed out and have to compose it all again like I did! Maximum balance is £6000 so only first deposit and 11 SO`s for £500 are allowed (no 13th payment), although if form is anything to go by, this doesn`t matter because the RS12 is likely to be superseded by a RS13 before maturity. Also alter your old standing order to the new maturity date.

I've requested the Saffron switcheroo to the small saver, now 3.5% up from 3% previously.

(And I'll wait for them to do that before opening the RS12, just to avoid them applying their T&Cs correctly and closing it...)

Saffron BS T&C`s state "Only hold one Small Saver or Regular Saver per customer (be it held in sole or joint names)". I interpret that to mean one or the other. Let us know if you manage to have both. The "Small Saver" is so named because of the small monthly maximum deposit of £50. If you have a small amount of savings then it is better@3.5% than the RS12 @3%. Due to having a large amount in cash (house purchase possible), I prefer the £500 monthly maximum deposit allowed into the RS12. Perhaps they should call it the "Large Saver"! It is in effect an easy access RS.

Nick_C

I think I've had three iterations of the Saffron RS this year.  It's just not worth opening again at 3%.  I'm also thinking of opening the Small Saver.  From 1/11, my worst RS will be Principality @ 3.25%.

Daliah

Nick_C said:

I think I've had three iterations of the Saffron RS this year.  It's just not worth opening again at 3%.  I'm also thinking of opening the Small Saver.  From 1/11, my worst RS will be Principality @ 3.25%.

Whether the 3% Saffron is worth it depends on your personal circumstances. It only took me a secure message and a minute to update my existing SO to upgrade from 2.55% to 3%*. I'd love to have the 3.25% account but then I would have £450 for which I don't get more than 2.81% atm (other 3% and 5% accounts and all Regular Savers paying more than 3% are already fully utilised).

*My 2.55% one only had £1 left in it as I had moved the remaining balance to a better than 2.55% account. I will do the same again as and when 3% becomes uncompetitive. 

GPK10

Trying to open a new Halifax Regular Saver but once I login and click savings products it says online banking is unavailable - has been all morning?

sheffieldeagle

GPK10 said:

Trying to open a new Halifax Regular Saver but once I login and click savings products it says online banking is unavailable - has been all morning?

Is this in the app. I got the same message a few days ago but went online using Chrome and worked fine.

Cheers

Daliah

GPK10 said:

Trying to open a new Halifax Regular Saver but once I login and click savings products it says online banking is unavailable - has been all morning?

Haven't tried in online banking but in the app it looks all fine.

Nick_C

Daliah said:

Nick_C said:

I think I've had three iterations of the Saffron RS this year.  It's just not worth opening again at 3%.  I'm also thinking of opening the Small Saver.  From 1/11, my worst RS will be Principality @ 3.25%.

Whether the 3% Saffron is worth it depends on your personal circumstances. It only took me a secure message and a minute to update my existing SO to upgrade from 2.55% to 3%*. I'd love to have the 3.25% account but then I would have £450 for which I don't get more than 2.81% atm (other 3% and 5% accounts and all Regular Savers paying more than 3% are already fully utilised).

*My 2.55% one only had £1 left in it as I had moved the remaining balance to a better than 2.55% account. I will do the same again as and when 3% becomes uncompetitive. 

Indeed.  But I'm getting 2.75% at Santander, and if BOEBR goes up another half a percent next month, then my Skipton Flexible ISA will go up to 3.1%.  Saffron @ 3% just isn't worth the effort to me if I have to keep renewing it and moving out everything above £500.  3.5% has a bit more longevity, even if it is only £50 a month.

phillw

Daliah said:

Nick_C said:

I think I've had three iterations of the Saffron RS this year.  It's just not worth opening again at 3%.  I'm also thinking of opening the Small Saver.  From 1/11, my worst RS will be Principality @ 3.25%.

Whether the 3% Saffron is worth it depends on your personal circumstances.  

It's more down to whether you think that by the time you've opened it, whether you will get more than 3% with an easy access account (2.84% is currently the best). One £500 deposit for a month is worth around six pence increase compared to leaving money in Al Rayan. I'm not sure it's worth opening the account and closing it early for that.

Lloyds/BOS/Halifax regular savers are more future proof.

EssexHebridean

Nick_C said:

Daliah said:

Nick_C said:

I think I've had three iterations of the Saffron RS this year.  It's just not worth opening again at 3%.  I'm also thinking of opening the Small Saver.  From 1/11, my worst RS will be Principality @ 3.25%.

Whether the 3% Saffron is worth it depends on your personal circumstances. It only took me a secure message and a minute to update my existing SO to upgrade from 2.55% to 3%*. I'd love to have the 3.25% account but then I would have £450 for which I don't get more than 2.81% atm (other 3% and 5% accounts and all Regular Savers paying more than 3% are already fully utilised).

*My 2.55% one only had £1 left in it as I had moved the remaining balance to a better than 2.55% account. I will do the same again as and when 3% becomes uncompetitive. 

Indeed.  But I'm getting 2.75% at Santander, and if BOEBR goes up another half a percent next month, then my Skipton Flexible ISA will go up to 3.1%.  Saffron @ 3% just isn't worth the effort to me if I have to keep renewing it and moving out everything above £500.  3.5% has a bit more longevity, even if it is only £50 a month.

For £50 a month I'm seeing the Nationwide Start to Save 2 as a better option (Assuming you don't already have one) - they have good form for increasing the interest rates on their accounts so far, too.

GPK10

Daliah said:

GPK10 said:

Trying to open a new Halifax Regular Saver but once I login and click savings products it says online banking is unavailable - has been all morning?

Haven't tried in online banking but in the app it looks all fine.

Hi,

Thanks for the suggestions, tried in my regular browser, chrome and the app, none of them working.

Just to be clear I can see my accounts etc, it is when clicking on "compare savings" that it says online is unavailable