Regular Savings Accounts: The Best Currently Available List!

wiseonesomeofthetime

My matured funds will be used to drip feed Lloyd's Monthly Saver @ 4.50%

ForumUser7

UPDATE FROM PRINCIPALITY REGARDING SOME INCORRECT RATES ON THEIR RATE SHEET EFFECTIVE 17TH NOVEMBER:
@Wheres_My_Cashback @Kazza242 @garfield33

"Hi ForumUser7, thank you for picking up on this. 

We want to apologise for this oversight on our end and any confusion caused, and please be assured that the document is being amended as quickly as possible. 

The following accounts were not included in the rate change on 17th November and should not be on the list: 

• Learner Earner Issue 3 
• First Home Steps Issue 3 
• First Home Steps Online Issue 2 
• NHS Thank You Saver 
• NHS Thank You Online Saver 

The rates displayed on the product pages on the website are the correct ones for these, and we did not reduce the rates on them. 

Hope this helps."

Unfortunately 3.50% is no longer as competitive for a regular saver so I imagine some people will begin to withdraw funds.

I don't know what others think, but it does not seem particularly fair to put accounts on that list as if they were receiving increases, make mistakes with the rates, and then say they were not meant to be included anyway - hopefully they increase them at some stage to remain competitive.

New Rates Sheet Below (and they renamed it to Branch Notice November)

ForumUser7

Hinckley and Rugby Building Society Savings Account Rate Changes (Effective 2nd December):

https://www.hrbs.co.uk/saving-info/savings-rates/

*IMPORTANT NOTE*: Although some of their accounts like the Regular Saver 30 Day Notice and 90 Day Notice Cash ISA offer good rates, they are 'not looking at online transactions at present' so 'withdrawals would need to be sent in the post or brought into one of our branch/agency offices'. I don't have a comprehensive list for which accounts they provide stationary for, but for the Regular Saver at least, 'prepaid envelopes are not provided for this account type'. This means if we want to make withdrawals, we either have to live near a branch, or give 30 days notice and pay for postage. These conditions may be fine for some people, but it may put others off - imo, if I lived near a branch I would open it, but I don't so until online withdrawals are possible, or prepaid envelopes are provided it is one I won't be opening, even at the rate it will be from 2nd December.

Band7

Change for RBS/Natwest Regular Savers confirmed - 5% AER on up to £5,000 from December 6. Other terms remain the same.

I have already had £1,000 in each for a few months, so will now make manual £150 deposits on Nov 30 and Dec 6, and have reinstated my monthly SOs starting Jan 1.  No need to skim off the monthly interest now for months to come, either 

EssexHebridean

trickydicky14 said:

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.

If the documents required are to meet money laundering regs then a council tax bill is valid for 12 months use rather than just 3 months as most other bills would be. Might help someone as it doesn’t seem to be widely known.

adindas

I just cheeked it. My TSB monthly saver is still paying 2% with minimum balance, not paying 3%.

Does anyone know the way around to get 3% interest. Could it be done like LBG group, e.g upgrade to other instant saving and reopen a new one ?  Will it work with TSB ??

where_are_we

EssexHebridean said:

trickydicky14 said:

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.

If the documents required are to meet money laundering regs then a council tax bill is valid for 12 months use rather than just 3 months as most other bills would be. Might help someone as it doesn’t seem to be widely known.

Yes, Council tax bill is valid for 12 months. This is good to know. Generally speaking and in Furness Building Society`s case a council tax bill is in the address verification list. It`s the Identity Verification list that is problematical because it requires original valuable documents (risk losing passport or driving license) or a certified copy (costly, unless you know someone in the right profession). The way round this is a government benefit letter less than 3 months old backed up by an address verification letter which could be a council tax bill less than 12 months old or a bank statement, credit card statement or utility bill (all less than 3 months old). This would satisfy F B Society.

Band7

adindas said:

I just cheeked it. My TSB monthly saver is still paying 2% with minimum balance, not paying 3%.

Does anyone know the way around to get 3% interest. Could it be done like LBG group, e.g upgrade to other instant saving and reopen a new one ?  Will it work with TSB ??

Mine shows 3% and I think it always did. Opened in October.

I believe the only way to bypass the 12-month restriction at TSB is to open a new TSB account and hope they won't merge it with your existing profile, which in my experience they mostly, but not reliably, don't do.

If you haven't maxed your HSBC Online Bonus Saver and/or the 5% savers, it might be easier to just put your money in there. If you have the money for the entire 12 months readily available and don't need instant access, there are also many other 3%+ options, such as Notice Accounts. 

dingling68

Band7 said:

wiseonesomeofthetime said:

ForumUser7 said:

Nationwide BS Start to Save Issue 2 5% (wef 01/12) https://www.nationwide.co.uk/savings/start-to-save/

Nationwide BS Flex Regular Saver 4% (wef 01/12) NLA to new applications

Their Start to Save Issue 2 is going to 5% - along with the prize draw, this makes it one of the best regular savers to hold in my opinion. Worth mentioning though, if you withdraw funds it may invalidate your entry into the draw, dependent on how much you withdraw.

Good news, though my Flex RS matures next week anyway 🤷‍♂️

So does mine. Dare we hope they'll offer us another RS? Or do they hope we will put the matured balance into their 1 year online bond at 4% (no chance!)?

oops sorry messed up the quotes there.

My regular saver matures on 23/11 and according to Nationwide on twitter they are not offering a replacement. I said that was a shame and I would look for one elsewhere and they will "feed back my comments"

It's a shame we can't apply as existing applicants

alibean121

adindas said:

I just cheeked it. My TSB monthly saver is still paying 2% with minimum balance, not paying 3%.

Does anyone know the way around to get 3% interest. Could it be done like LBG group, e.g upgrade to other instant saving and reopen a new one ?  Will it work with TSB ??

No, that's not going to work I'm afraid. Their system definitely checks when you last opened an account not just whether you currently have one. I would probably suggest just closing it anyways though...