Regular Savings Accounts: The Best Currently Available List!

happybagger

Darlington tend to make changes at no particular date, not the 1st anyway.

Last changes were on 14 Oct in response to 22 Sept meeting decision

MiserlyMartin

If they put rates up on 14th October, then they haven't raised the rate on the regular saver this time?

happybagger

Correct. They made a small catch-up with their closed issue High Days account.
My main point related to the BoE decision this coming week - DBS tend not to follow the common '1st of the following month' change

Special_Saver2

Hi Everybody,

I have changed the following items on page 1 of this thread for this weekend's update.

- Removed several accounts from the Feeder Account section as the interest rate they are paying is no longer very good in comparison to general savings accounts

- Halifax Regular Saver interest rate updated to 4.5% for new applicants

- Halifax Kids' Monthly Saver interest rate updated to 5% for new applicants

- Saffron BS Small Saver interest rate updated to 3.5%

- Saffron BS 12 Month Fixed Rate Members Regular Saver interest rate updated to 3%

- Interest rates that I use for inclusion on this thread updated to 2.75% (2.25% if the account terms are particularly good, e.g. you can pay in £500 per month or more, or if the account matures after at least 2 years)

- Removed several accounts whose interest rates no longer merit inclusion in this thread (I re-checked all of their interest rates before removing them)

I will do the next update next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

kaMelo

@Special_Saver,
I noticed in the Homebuyer List that The Cumberland BS First Home Saver, now paying 2.5%, has dropped off but Coventry BS First Home Saver paying 2.25% is still on it. An oversight or am I missing something?

CooperSF

A quick question regarding the Halifax Regular Saver (4.5%)

If I were to close the account within 12 months of opening, would I still receive any interest earned?

Bridlington1

CooperSF said:

A quick question regarding the Halifax Regular Saver (4.5%)

If I were to close the account within 12 months of opening, would I still receive any interest earned?

You would. I am living proof of this.

changearound1

kaMelo said:

@Special_Saver,
I noticed in the Homebuyer List that The Cumberland BS First Home Saver, now paying 2.5%, has dropped off but Coventry BS First Home Saver paying 2.25% is still on it. An oversight or am I missing something?

It probably comes down to this:

'- Interest rates that I use for inclusion on this thread updated to 2.75% (2.25% if the account terms are particularly good, e.g. you can pay in £500 per month or more, or if the account matures after at least 2 years)'

ForumUser7

changearound1 said:

kaMelo said:

@Special_Saver,
I noticed in the Homebuyer List that The Cumberland BS First Home Saver, now paying 2.5%, has dropped off but Coventry BS First Home Saver paying 2.25% is still on it. An oversight or am I missing something?

It probably comes down to this:

'- Interest rates that I use for inclusion on this thread updated to 2.75% (2.25% if the account terms are particularly good, e.g. you can pay in £500 per month or more, or if the account matures after at least 2 years)'

I agree, with the Coventry BS FHS (at least when I opened it) you can pay in £1000 per month, it matures after 3 years, and you get a £500 bonus if you take out a mortgage with them

surreysaver

Millyonare said:

IanManc said:

dekkard said:

"You can save £25 - £250 every month by one standing order. This needs to reach your account before the 25th of the month

You could have quoted the whole paragraph, which qualifies the first sentence somewhat:

"You can save £25 - £250 every month by one standing order. This needs to reach your account before the 25th of the month. You can also make a bank transfer to top up your savings as long as the total amount of your deposits does not exceed the monthly limit of £250. The amount that you save each month can vary but needs to stay between the £25 to £250 monthly limit. 

The Halifax site also says, in a different place: "Ideal for savers who want to save £25-£250 every month by one standing order. This needs to reach your account by the 25th of the month."

And it says: "You can change the amount you save at any time. You can top up your savings by bank transfer as long as you don’t exceed the £250 monthly limit."

I interpret the Halifax 4.50% regular saver as:

* Standing order = 1st to 25th of month
* Bank transfer = 1st to 31st of month

Given the (sometimes) lag for a standing order (SO), I would be inclined to setup the payment before the 20th of each month, to be on the safe side, in case there are long weekends, processing delay, etc.

Dyor, etc.

The reason they say the 25th is to account for the lag/weekends etc.