Regular Savings Accounts: The Best Currently Available List!

liamcov

Great news (at least for three months!)

tel_

Does anyone have any inside info on the highest paying reg savers - HSBC, M&S, FD 2.75% lowering their fixed rates in the next 4 weeks or so?

I take it they will give us 14 days notice possibly to open one before the rate reduction?

margaretx9

tel_ said:

Does anyone have any inside info on the highest paying reg savers - HSBC, M&S, FD 2.75% lowering their fixed rates in the next 4 weeks or so?

I take it they will give us 14 days notice possibly to open one before the rate reduction?

Give they are fixed rate accounts they could cut them with no notice for new applications. Won't affect existing regular saver account holders until maturity - as they will keep the 2.75% rate.
Could  be today therefore or next week - or they keep the 2.75% rate as a loss leader to keep current accounts and on the back of those sell other products.

eskbanker

margaretx9 said:

tel_ said:

Does anyone have any inside info on the highest paying reg savers - HSBC, M&S, FD 2.75% lowering their fixed rates in the next 4 weeks or so?

I take it they will give us 14 days notice possibly to open one before the rate reduction?

Give they are fixed rate accounts they could cut them with no notice for new applications. Won't affect existing regular saver account holders until maturity - as they will keep the 2.75% rate.

No notice given last time: https://www.moneysavingexpert.com/news/2019/10/hsbc-and-first-direct-cut-rate-on-fixed-rate-savings-accounts---/

SFindlay

tel_ said:

Does anyone have any inside info on the highest paying reg savers - HSBC, M&S, FD 2.75% lowering their fixed rates in the next 4 weeks or so?

I take it they will give us 14 days notice possibly to open one before the rate reduction?

Very unlikely they will gove notice, they'll just withdraw from sale and open a new issue with lower rate. They're fixed rates so doesnt matter to existing customers as will continue to maturity anyway so no notice needs to be given. 

colsten

tel_ said:

I take it they will give us 14 days notice possibly to open one before the rate reduction?

Banks / building societies don't give, or need to give, any notice for withdrawing a product from sale.

eddie7612

Did anyone find out if the new Kent Reliance Issue 4 regular saver is available to those who have the previous Issue 3. The terms say "Maximum one account per person." but is that one regular saver (of all issues) or one per issue?

tel_

Thanks for the responses.

I have a fixed rate lump sum maturing with Metro in about two months time. Looks like I will just have to have my fingers crossed.

Ed-1

surreysaver said:

Ed-1 said:

surreysaver said:

Received a letter yesterday advising my child's Principality Learner Earner paying 4% is reducing to 3.35% from 11th May. Haven't (yet) received any notification regarding my parallel account. 

Yes - I posted this yesterday at 5:30pm. It's the same for adult accounts.

Nothing on Issue 3 though which is still available at 3%.

Sorry - I missed that!  I don't get the daily thread updates anymore since they downgraded the forum.

Issue 3 reducing as well.

colsten

eddie7612 said:

Did anyone find out if the new Kent Reliance Issue 4 regular saver is available to those who have the previous Issue 3. The terms say "Maximum one account per person." but is that one regular saver (of all issues) or one per issue?

I was told you cannot have iss 4 if you still have iss 3. Would be interesting to see if you get a different answer if you call them.