Regular Savings Accounts: The Best Currently Available List!

Nick_C

Saffron had a Regular Saver in 2020 that paid 4%, but it was £50 a month.  

Their current top rate of 4.35% for new accounts is for a two year fix with no access, not a RS.  

MiserlyMartin

It doesn't look like Darlington BS is going to respond at all to the last base rate rise, the regular savers are still at 2.5%. Might as well close them and put it in Santander because they will take another month to raise or not again after the coming rise next week.

Bridlington1

MiserlyMartin said:

It doesn't look like Darlington BS is going to respond at all to the last base rate rise, the regular savers are still at 2.5%. Might as well close them and put it in Santander because they will take another month to raise or not again after the coming rise next week.

I wouldn't close it in case Darlington BS suddenly bump their interest rate up significantly. Instead I'd recommend withdrawing all but the minimum balance and putting it in Al Rayan.

10_66

Anyone keeping open their Melton Regular Saver (2%) and Loughborough Flexible Save To Buy (2%)?  I withdrew funds, but kept open in case of increase.  I don't think the Loughborough will increase the FSTB to match their standard Regular Saver, as they said it gets the bonus if house purchase is made.

granta

10_66 said:

Anyone keeping open their Melton Regular Saver (2%) and Loughborough Flexible Save To Buy (2%)?  I withdrew funds, but kept open in case of increase.  I don't think the Loughborough will increase the FSTB to match their standard Regular Saver, as they said it gets the bonus if house purchase is made.

I've kept my Loughborough FSTB open for now with a small amount of funds. Was going to wait until after 3rd November before deciding whether to withdraw nearly everything. I figured it was good to keep open just in case the rate did increase but not holding out much hope! I remember the account being a hassle to open and thought having an open account might be useful in future if new products were launched.

happybagger

10_66 said:

Anyone keeping open their Melton Regular Saver (2%) and Loughborough Flexible Save To Buy (2%)?  I withdrew funds, but kept open in case of increase.  I don't think the Loughborough will increase the FSTB to match their standard Regular Saver, as they said it gets the bonus if house purchase is made.

Ditched the Lough BS FSTB account as there are plenty of other higher-paying RS accounts available now. Unlikely they would improve a closed issue account higher than their new RS account in my view.

It took 10 days to receive the closing cheque in the post (no other way than cheque)

Also just brought down two "closed issue" Mansfield RS accounts as they have made yet another rate change leaflet available effective yesterday but STILL not moved up from 2%. Had enough.

Wheres_My_Cashback

10_66 said:

Anyone keeping open their Melton Regular Saver (2%) and Loughborough Flexible Save To Buy (2%)?  I withdrew funds, but kept open in case of increase.  I don't think the Loughborough will increase the FSTB to match their standard Regular Saver, as they said it gets the bonus if house purchase is made.

Closed the FSTB weeks ago, it's never going to keep up with Easy access rates elsewhere and removed all bar £1 from MM a good few weeks ago too.

Wheres_My_Cashback

MiserlyMartin said:

It doesn't look like Darlington BS is going to respond at all to the last base rate rise, the regular savers are still at 2.5%. Might as well close them and put it in Santander because they will take another month to raise or not again after the coming rise next week.

I'd make that decision after the 3rd or potentially there may be an increase on the 1st ?

ForumUser7

Anyone know for the Ecology RS if it closes after 12 months please? I could not see anything on their summary box saying what happens at the end of 12 months, and there is actually stuff suggesting it lasts longer than this such as '£3000 max investment per calendar year' as opposed to £3000 max investment. I'm hoping to fund via direct debit, but don't want to have to send off the forms each year if opening a new one is required. Thank you

Bridlington1

ForumUser7 said:

Anyone know for the Ecology RS if it closes after 12 months please? I could not see anything on their summary box saying what happens at the end of 12 months, and there is actually stuff suggesting it lasts longer than this such as '£3000 max investment per calendar year' as opposed to £3000 max investment. I'm hoping to fund via direct debit, but don't want to have to send off the forms each year if opening a new one is required. Thank you

There is no end date to the account. Just set up the direct debit and you're good to go for the foreseeable future.