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Regular Savings Accounts: The Best Currently Available List!
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It's PCM, no 13th.Snapdragon said:
Is their month, a calendar month or an account anniversary month, guessing the latter? Wondering if it needs to be a SO? Does Principality allow you to pay in via a debit card each month?Kazza242 said:According to Moneyfacts, Principality Building Society will be launching their Christmas 2023 Regular Saver Bond, paying 5.00%
Pay in between £1 - £125 per month. The maximum account balance (not including interest) is £1,500.
The account has a 1 year term. Withdrawals are NOT permitted before maturity.
The account can be opened online or in branch.
https://www.principality.co.uk/savings-accounts/fixed-term-savings-and-bonds/Christmas-2023-Regular-Saver-Bond3 -
Good spot on the PBS at 5%. Shame it's only £1500 and £35-40 interest.0
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Coventry rates increasing on 1st December https://www.coventrybuildingsociety.co.uk/member/help/member-support/bank-of-england-base-rate.html
https://www.coventrybuildingsociety.co.uk/content/dam/cbs/member/pdfs/savings/rate-change-notice-isa.pdf
https://www.coventrybuildingsociety.co.uk/content/dam/cbs/member/pdfs/savings/rate-change-notice-savings.pdf
If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.5 -
First Home Saver to rise to 2.95%. Regular Saver to rise to 3.15%. A fair jump but I suspect that by December there will be easy access rates beating the FHS if not the Regular saver too.ForumUser7 said:Coventry rates increasing on 1st December https://www.coventrybuildingsociety.co.uk/member/help/member-support/bank-of-england-base-rate.html
https://www.coventrybuildingsociety.co.uk/content/dam/cbs/member/pdfs/savings/rate-change-notice-isa.pdf
https://www.coventrybuildingsociety.co.uk/content/dam/cbs/member/pdfs/savings/rate-change-notice-savings.pdf3 -
Underwhelming rate changesForumUser7 said:Coventry rates increasing on 1st December https://www.coventrybuildingsociety.co.uk/member/help/member-support/bank-of-england-base-rate.html
https://www.coventrybuildingsociety.co.uk/content/dam/cbs/member/pdfs/savings/rate-change-notice-isa.pdf
https://www.coventrybuildingsociety.co.uk/content/dam/cbs/member/pdfs/savings/rate-change-notice-savings.pdf3 -
But full marks to them for being ready with their changes and informing their customers immediately. The dates of BoE meetings are known in advance, all banks and building socs should be ready in advance for the different possibilities.paul235 said:
Underwhelming rate changesForumUser7 said:Coventry rates increasing on 1st December https://www.coventrybuildingsociety.co.uk/member/help/member-support/bank-of-england-base-rate.html
https://www.coventrybuildingsociety.co.uk/content/dam/cbs/member/pdfs/savings/rate-change-notice-isa.pdf
https://www.coventrybuildingsociety.co.uk/content/dam/cbs/member/pdfs/savings/rate-change-notice-savings.pdf
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Rudyson said:
But full marks to them for being ready with their changes and informing their customers immediately. The dates of BoE meetings are known in advance, all banks and building socs should be ready in advance for the different possibilities.paul235 said:
Underwhelming rate changesForumUser7 said:Coventry rates increasing on 1st December https://www.coventrybuildingsociety.co.uk/member/help/member-support/bank-of-england-base-rate.html
https://www.coventrybuildingsociety.co.uk/content/dam/cbs/member/pdfs/savings/rate-change-notice-isa.pdf
https://www.coventrybuildingsociety.co.uk/content/dam/cbs/member/pdfs/savings/rate-change-notice-savings.pdf
Telling customers they'll have to wait a month for an increase to a rubbish new rate is hardly great service. It's like telling someone they'll be having brussel sprouts for tea and you'll like it.5 -
I've long since lost track of even the vaguest of ideas how much my Cov RS is going to give me in terms of interest - =however, it will certainly be more than I expected when I opened it at the start of the year! For a RS that lets us dump in £500 a month each, I'm happy enough with it to be honest. (I did just clear out my limited access (4) into Marcus though!)🎉 MORTGAGE FREE (First time!) 30/09/2016 🎉 And now we go again…New mortgage taken 01/09/23 🏡
Balance as at 01/09/23 = £115,000.00 Balance as at 31/12/23 = £112,000.00
Balance as at 31/08/24 = £105,400.00 Balance as at 31/12/24 = £102,500.00
£100k barrier broken 1/4/25SOA CALCULATOR (for DFW newbies): SOA Calculatorshe/her0 -
Happy with new rates on Coventry First Home Saver, 2.95% on what is in effect an easy access account. However 3.15% on their regular saver is less appetising considering the money is locked in without access until maturity.2
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@kamelo I agree with you on that 2.95%. Just in relation to the regular saver, worth checking but I believe you can access funds with a 30 day interest penalty. Not that great though, given lots of higher paying regular savers allow instant penalty free withdrawalskaMelo said:Happy with new rates on Coventry First Home Saver, 2.95% on what is in effect an easy access account. However 3.15% on their regular saver is less appetising considering the money is locked in without access until maturity.If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.2
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