Regular Savings Accounts: The Best Currently Available List!

vernall

I used to have a BOS current account and RS few years ago, the RS matured and I got rid of the current account in some switch incentive.

I have always held a Halifax account so when they upped their RS rates I opened one for its 4.5%

Few days later I thought I would open a BOS current account again just for their 4.5% RS. I was using my phone at the time so went through the current account opening process, all went through fine so just had to wait for online access to arrive so i could open their RS.

That night I happened to be on my laptop and go to the BOS website, I pressed log in and the laptop had remembered my username and password from few years ago, so I logged in to see if anything was there. It showed my Halifax account and the Halifax RS. Looking at savings accounts it allowed me to open a BOS RS with no current account being open at all.

I opened it and it was showing straight away when I logged into my Halifax banking app too. I deposited via my Halifax account. To this day on my Halifax banking app and the old BOS banking this BOS RS is still showing.

My online access arrived from the new BOS current account, I logged in and the new current account was showing, but no sign of the Halifax account or the Halifax RS or more importantly the BOS RS. I clicked on the savings accounts available to me and to my surprise a RS was available to me to open at 4.5%. I have not opened another one but looks like there is a glitch in the system that would allow me to do so.

Just to clarify, when I log into Halifax and my old BOS the same accounts are showing, Halifax account, Halifax RS and BOS RS. When I log into BOS with the new current account there is only that account showing.

Worth a punt opening another RS you recon for another 4.5%?

PRAISETHESUN

vernall said:

I used to have a BOS current account and RS few years ago, the RS matured and I got rid of the current account in some switch incentive.

I have always held a Halifax account so when they upped their RS rates I opened one for its 4.5%

Few days later I thought I would open a BOS current account again just for their 4.5% RS. I was using my phone at the time so went through the current account opening process, all went through fine so just had to wait for online access to arrive so i could open their RS.

That night I happened to be on my laptop and go to the BOS website, I pressed log in and the laptop had remembered my username and password from few years ago, so I logged in to see if anything was there. It showed my Halifax account and the Halifax RS. Looking at savings accounts it allowed me to open a BOS RS with no current account being open at all.

I opened it and it was showing straight away when I logged into my Halifax banking app too. I deposited via my Halifax account. To this day on my Halifax banking app and the old BOS banking this BOS RS is still showing.

My online access arrived from the new BOS current account, I logged in and the new current account was showing, but no sign of the Halifax account or the Halifax RS or more importantly the BOS RS. I clicked on the savings accounts available to me and to my surprise a RS was available to me to open at 4.5%. I have not opened another one but looks like there is a glitch in the system that would allow me to do so.

Just to clarify, when I log into Halifax and my old BOS the same accounts are showing, Halifax account, Halifax RS and BOS RS. When I log into BOS with the new current account there is only that account showing.

Worth a punt opening another RS you recon for another 4.5%?

Sounds like they've set you up with a second BoS user profile - I had something similar happen with TSB a few years ago. Sounds like there'd be nothing stopping you opening a second BoS RS with your second profile... and possibly registering for Halifax internet banking with your second BoS account details and possibly getting a second Halifax RS too if you wanted to push your luck even further. Worst case is they close the extra RS accounts down after you open them.

chris_the_bee

paul235 said:

chris_the_bee said:

Don't forget that as a Halifax customer you can use your account details to open similar EA account with Bank of Scotland, also up to £250/month @ 4.5%

Are you allowed to open a RBS Regular Saver by using Halifax details to register for online banking with Bank of Scotland and also not have a  Bank of Scotland current account ? 

 https://www.bankofscotland.co.uk/savings/accounts/monthly-saver.html

• You can open this account if you're 16 or over and a UK resident. You also need to have a Bank of Scotland current account.

You do not need a BOS current account if you are a Halifax customer. Use your Halifax account details to register.

Special_Saver2

Hi Everybody,

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

- Moved the Saffron BS Small Saver (Issue 5) from the section for "locals or existing members only" to the "all UK residents" section

- I like the suggestion of separating out the age-restricted accounts and it is easy to do, so I have just created new sections called "Accounts available to UK residents, children only" and "Accounts only for people who live locally or existing members, children only"

- Chase Saver account paying 2.1% and allowing direct debits and standing orders added to the feeder account section

- Earl Shilton BS Regular Monthly Saver entry updated with interest rate updated to 3.3% from 14th November 2022

- Cumberland BS First Home Saver Account (Issue 2) interest rate updated to 3.4% gross 

- Cumberland BS Regular Saver (Issue 3) restored to the list on page 1 as the interest rate has increased to 4.5%

- I am going to add the Furness BS 1 Year Regular Saver (Issue 5) account paying 4% on £250 per month

I will probably not be able to do an update next weekend but I will update the first page of this thread when I am able to do so after that.

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

t1redmonkey

@Special_Saver2 slight correction to your figures for that Earl Shilton account, max is £1000 per month not £500

Special_Saver2

t1redmonkey said:

@Special_Saver2 slight correction to your figures for that Earl Shilton account, max is £1000 per month not £500

Thanks for that. I think it must have been £500 when I first added the account to the thread and that at some point they have increased the maximum monthly deposit. I have just corrected the entry. Addendum: Also updated to show the maximum balance is now £100,000 (it was £50,000).

Special_Saver2

I was worried I would not have enough time to do it now but I have just created an entry for the  Furness BS 1 Year Regular Saver (Issue 5) on page 1 of this thread. I have had to create a new type of sub-heading, called "Accounts available to all UK residents but has to be opened in branch" because of this account. I have to go now... Have a good weekend everybody!

happybagger

Special_Saver2 said:

t1redmonkey said:

@Special_Saver2 slight correction to your figures for that Earl Shilton account, max is £1000 per month not £500

Thanks for that. I think it must have been £500 when I first added the account to the thread and that at some point they have increased the maximum monthly deposit. I have just corrected the entry. Addendum: Also updated to show the maximum balance is now £100,000 (it was £50,000).

Correct; ESBS made these two changes when they made changes to their interest rates recently

chris_the_bee

happybagger said:

Special_Saver2 said:

t1redmonkey said:

@Special_Saver2 slight correction to your figures for that Earl Shilton account, max is £1000 per month not £500

Thanks for that. I think it must have been £500 when I first added the account to the thread and that at some point they have increased the maximum monthly deposit. I have just corrected the entry. Addendum: Also updated to show the maximum balance is now £100,000 (it was £50,000).

Correct; ESBS made these two changes when they made changes to their interest rates recently

They appear to have removed the post code/locality restriction as well. I have had an account since mid July and live 120 miles away.

Wheres_My_Cashback

Special_Saver2 said:

I was worried I would not have enough time to do it now but I have just created an entry for the  Furness BS 1 Year Regular Saver (Issue 5) on page 1 of this thread. I have had to create a new type of sub-heading, called "Accounts available to all UK residents but has to be opened in branch" because of this account. I have to go now... Have a good weekend everybody!

But it can also be opened by post.