Regular Savings Accounts: The Best Currently Available List!

Band7

Special_Saver2 said:

 

- For the feeder account section, I used to have the Chase current account but I removed it last week. I can see the comment about the possible inclusion of the Chase Saver account paying 2.1%. Does that account allow standing orders or regular transfers to regular saver accounts? I do not have any account with Chase so I do not know the answer

Yes, Chase current and saver accounts allow SOs (and DDs), as well as one-off future-dated payments.

Band7

Special_Saver2 said:

- I have noted the comments about it being irritating for some people to see accounts that are only available to local people, and I also note other comments that it is great if you happen to live in one of the areas where there is a great account. I would also add that some accounts that are open to locals only are also available to existing members and I am aware that some readers of this thread may have an old regular savings account with certain building societies when it was easy to open them from a distance. I have put in bold in the special conditions section if an account is only available to locals or existing customers to draw attention to this. I have an idea... I have just re-organised each post on page 1 into two sections - "Accounts available to all UK residents" and "Accounts only for people who live locally or existing members". This has allowed me to remove a lot of bold type as I no longer need to put in bold that an account is available for locals and existing members. I think these changes make the first page easier to read and better organised, plus people who are not interested in the locals and existing members accounts can skip straight past those sections (or skim through those sections quickly to see if they live in the right area).

Very Solomonic 👏👏

finspaniard

Band7 said:

Special_Saver2 said:

 

- For the feeder account section, I used to have the Chase current account but I removed it last week. I can see the comment about the possible inclusion of the Chase Saver account paying 2.1%. Does that account allow standing orders or regular transfers to regular saver accounts? I do not have any account with Chase so I do not know the answer

Yes, Chase current and saver accounts allow SOs (and DDs), as well as one-off future-dated payments.

And the standing orders work even over the weekends!

londoner62

liamcov said:

Re Monmouthshire regular savers - when one account matures and they transfer part of the balance to a new product, do all account details stay the same to pay into it?

Yes, I did this a couple of weeks back. £10 into an Easy Saver Issue 1 and the balance to my nominated account and the payment details stayed the same should I wish to pay more in.

chris_the_bee

liamcov said:

Re Monmouthshire regular savers - when one account matures and they transfer part of the balance to a new product, do all account details stay the same to pay into it?

Yes, they stayed the same for me.

nottsphil

kaMelo said:

You're absolutely correct regarding the regular saver, 



For some reason I incorrectly thought this was a locked in regular saver. With that information it becomes more like a notice account so a little more attractive at 3.15% if all other higher paying accounts are utilised. 

cricidmuslibale said:

mary said:

NatWest Digital Regular Saver Account

Can anyone explain why they quote interest for amounts of up to £5,000 and yet by making max monthly payments of £150, you will never reach £5,000 anyway.    I'm sure it's dead obvious so can someone assist please?

It's simply because this regular saver account does not end after a year as so many do; you can carry on making monthly contributions of up to £150 for as long as you wish to; thus it is possible to eventually reach a balance of £5000 or more. However, any balances above £1000 suffer a dramatic drop in interest payable on amounts above £1000, so most people who have this account will fill it to a maximum balance of £1000 and then move any surplus interest to another suitable account.

Are these conditions identical to the RBS version? I've been paying in £1 per month since it hit £1000.

cricidmuslibale

nottsphil said:

kaMelo said:

You're absolutely correct regarding the regular saver, 



For some reason I incorrectly thought this was a locked in regular saver. With that information it becomes more like a notice account so a little more attractive at 3.15% if all other higher paying accounts are utilised. 

cricidmuslibale said:

mary said:

NatWest Digital Regular Saver Account

Can anyone explain why they quote interest for amounts of up to £5,000 and yet by making max monthly payments of £150, you will never reach £5,000 anyway.    I'm sure it's dead obvious so can someone assist please?

It's simply because this regular saver account does not end after a year as so many do; you can carry on making monthly contributions of up to £150 for as long as you wish to; thus it is possible to eventually reach a balance of £5000 or more. However, any balances above £1000 suffer a dramatic drop in interest payable on amounts above £1000, so most people who have this account will fill it to a maximum balance of £1000 and then move any surplus interest to another suitable account.

Are these conditions identical to the RBS version? I've been paying in £1 per month since it hit £1000.

Yes, I understand that the RBS digital regular saver is identical to the NatWest one and works exactly the same way.

LZC

Special_Saver2 said:

Hi Folks,

- I have noted the comments about it being irritating for some people to see accounts that are only available to local people, and I also note other comments that it is great if you happen to live in one of the areas where there is a great account. I would also add that some accounts that are open to locals only are also available to existing members and I am aware that some readers of this thread may have an old regular savings account with certain building societies when it was easy to open them from a distance. I have put in bold in the special conditions section if an account is only available to locals or existing customers to draw attention to this. I have an idea... I have just re-organised each post on page 1 into two sections - "Accounts available to all UK residents" and "Accounts only for people who live locally or existing members". This has allowed me to remove a lot of bold type as I no longer need to put in bold that an account is available for locals and existing members. I think these changes make the first page easier to read and better organised, plus people who are not interested in the locals and existing members accounts can skip straight past those sections (or skim through those sections quickly to see if they live in the right area).

SS2

---

First off as a long time reader can I thank you for all the work that’s gone into this thread. It’s really appreciated. You’re an absolute star. 

I think the splitting out of the local/existing members is a good idea but I should point out that the Saffron Small Saver is available to all UK residents (I opened one earlier this year as not only was it competitive but if I held it for a year it would also qualify me for future local/members only accounts).

If you were to reorganise again I’d be in favour of splitting out the children’s/age restricted accounts as well but I don’t want to create extra work for you, so that maybe more one for the future. 

Descrabled

ESBS Regular Saver

Have just noticed that from 14 Nov the interest rate will increase to 3.3% from 2.55%, an increase of 0.75%.

Have been on my hols for a few days so excuse if previously posted.

kaMelo

nottsphil said:

Are these conditions identical to the RBS version? I've been paying in £1 per month since it hit £1000.

There is no requirement to pay anything into the account once you reach £1000.