Regular Savings Accounts: The Best Currently Available List!

refluxer

adindas said:

Earl Shilton BS Regular Monthly Saver entry updated with interest rate updated to 3.3% from 14th November 2022
Can I withdraw money?

• Yes – 2 withdrawals per year (1st March – end of February Inc.).
• The account will be closed if a further withdrawal is required

What happen after the 3-rd withdrawal your account is closed, but you open a new one immediately. It does not seem any information that will prevent this to happen, does it ?. Have I missed something here ?

From the T&Cs...

"5. The account is limited to one per investor and on closure a new Regular Monthly Saver cannot be opened for 12 months."

where_are_we

If you opened an Furness RS5 in the last year and then closed it due to it`s interest rate becoming uncompetitive (like I did) you are allowed to open a new RS5 @ 4%.

ForumUser7

Kent Reliance:

Following the recent Bank of England Base Rate increase, the rates on some existing variable savings accounts will increase on 18 November 2022. See below for our latest rates.

https://www.kentreliance.co.uk/interest-rates

Regular Savings Account Issue 9 -> 3.00%

Easy Access Account Issue 51 -> 2.75% (for balances above £1,000)

60 day notice account Issue 39 -> 2.85% (for balances above £1,000)

Demelza children’s savings account Issue 7 -> 3.25% (for balances above £10)

where_are_we

Kent Reliance RS9 @ 3% is a branch only account.

trickydicky14

where_are_we said:

If you opened a Furness RS5 in the last year and then closed it due to it`s interest rate becoming uncompetitive (like I did) you are allowed to open a new RS5 @ 4%.

I’m in the same situation, I can still login to my account but currently have no active accounts. I logged in at the weekend and sent a message about this but have not yet had a response. I also asked if I would have to resend I.D to open an account.

schiff

When did RBoS announce the increase at 5% up to £5000 balance of the Digital account? It's not given on page one.
TIA

RG2015

schiff said:

When did RBoS announce the increase at 5% up to £5000 balance of the Digital account? It's not given on page one.
TIA

They haven't. It was in a newspaper report.

https://www.yourmoney.com/saving-banking/natwest-and-rbs-savers-to-earn-5-on-up-to-5000/

https://forums.moneysavingexpert.com/discussion/6402502/rbs-and-natwest-digital-saver-changes/p1

Gers

where_are_we said:

If you opened an Furness RS5 in the last year and then closed it due to it`s interest rate becoming uncompetitive (like I did) you are allowed to open a new RS5 @ 4%.

But not online - Furness still wants paper applications.

where_are_we

Furness RS5 application by post is time consuming. But for 4% and access without loss of interest just about worth it for myself and OH - double the benefit for a little duplication. They told me a certified copy for ID was required. Over cautious in my opinion because we have been with them for a number of years, registered for online, and have everyday saver accounts. We do not pay for certifying, ever, as a matter of principle. However a government benefit letter (winter fuel allowance for us) less than 3 months old backed up by a bank statement is also Ok. 

trickydicky14

where_are_we said:

Furness RS5 application by post is time consuming. But for 4% and access without loss of interest just about worth it for myself and OH - double the benefit for a little duplication. They told me a certified copy for ID was required. Over cautious in my opinion because we have been with them for a number of years, registered for online, and have everyday saver accounts. We do not pay for certifying, ever, as a matter of principle. However a government benefit letter (winter fuel allowance for us) less than 3 months old backed up by a bank statement is also Ok. 

I'm waiting for my winter fuel letter to arrive, so you can confirm it will be Ok as I.D? Like you, no way am I paying for certified copies.