Regular Savings Accounts: The Best Currently Available List!

t1redmonkey

There's a 4.5% regular saver with Cumberland BS from tomorrow.  I'm a bit unsure on the requirements.  You have to have a current account with them, but not clear if anyone can open the current account or if you have to be local, if anyone wants to investigate feel free

Bridlington1

t1redmonkey said:

There's a 4.5% regular saver with Cumberland BS from tomorrow.  I'm a bit unsure on the requirements.  You have to have a current account with them, but not clear if anyone can open the current account or if you have to be local, if anyone wants to investigate feel free

You have to live in their operating area to open a current account.

Descrabled

Cumberland RS

Cumberland usually insist that you open a regular saver in one of their branches.

soulsaver

t1redmonkey said:

There's a 4.5% regular saver with Cumberland BS from tomorrow.  I'm a bit unsure on the requirements.  You have to have a current account with them, but not clear if anyone can open the current account or if you have to be local, if anyone wants to investigate feel free

How do I open and manage my account?

This account is available to open for Cumberland Plus current account customers only who live in our operating area.

Kazza242

According to Moneyfacts, Furness Building Society will be launching their Regular Saver (issue 5) account, paying 4.00%

It allows monthly deposits of £1 - £250 per month.  One withdrawal is permitted per year. 

The account runs for one year.  The total maximum investment is £3,000.

The account can be opened in branch or via post.

https://www.furnessbs.co.uk/savings/regular-saver

Grizebeck

Descrabled said:

Cumberland RS

Cumberland usually insist that you open a regular saver in one of their branches.

Ive had accounts with them for years. always like.
For a small building society with current account is quite unique

kaMelo

Rather than creating a new issue The Cumberland are just increasing the rates on their existing regular savers.
Regular Saver Issue 3  increases from 2.5% to 4.5%
First Home Saver Issue 2 increases from 2.5% to 3.4%

Whilst they have been generally pretty slow to increase rates over the last year this time it's quite a significant increase. Given that the maximum balance of the account is £15,000 that's not a bad return at all.

Current account and regular saver can be opened online but the First Home Saver needs a branch visit. 

cricidmuslibale

kaMelo said:

Rather than creating a new issue The Cumberland are just increasing the rates on their existing regular savers.
Regular Saver Issue 3  increases from 2.5% to 4.5%
First Home Saver Issue 2 increases from 2.5% to 3.4%

Whilst they have been generally pretty slow to increase rates over the last year this time it's quite a significant increase. Given that the maximum balance of the account is £15,00 that's not a bad return at all.

Current account and regular saver can be opened online but the First Home Saver needs a branch visit. 

I assume you mean the maximum balance is £15,000 not £15.00! Which of the two accounts does this maximum balance apply to please? - I’m assuming it’s the First Home Saver only and the maximum balance for the Regular Saver is much lower than that?

Otherwise, thank you very much for pointing out the very large, in percentage terms, 2% interest rate increase for the Regular Saver and fairly large 0.9% rate increase for the First Home Saver.

kaMelo

Whoops, yes is should.
Edited to correct my !!!!!! up. Thanks.

Reg_Smeeton

For those who may have it, the bonus rate on the Vernon Building Society Regular Saver cash ISA increases to 3% from 1st December 2022. Underlying rate also increases to 2.2% from the same date.