Regular Savings Accounts: The Best Currently Available List!

ForumUser7

Nationwide Savings Account Rate Changes (Effective 1st December):

On 18 November, we increased the interest rates on some of our savings accounts:

• 1 Year Triple Access Online Saver
• 1 Year Triple Access Online ISA
• Flex Instant Saver.

On 1 December, we’ll be increasing the interest rates on some of our other savings accounts.

Find out how your savings account's interest rate will change: https://www.nationwide.co.uk/-/assets/nationwidecouk/documents/savings/smd558-important-changes.pdf?rev=5d58bb4757754e84bce2f70bd75b6409

@special_saver2

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.

garfield33

Thanks for the Principality updates (why don't they email this to us? Or did I tick something saying don't tell me? Anyway...)

It looks like the NHS Online Thank You Saver information is also wrong - I've just logged in and my account is showing 3.00% while the leaflet says 2.25% (I think it was already at 3.00%, don't think that's new from 17/11 but could be wrong)

wiseonesomeofthetime

ForumUser7 said:

Nationwide Savings Account Rate Changes (Effective 1st December):

On 18 November, we increased the interest rates on some of our savings accounts:

• 1 Year Triple Access Online Saver
• 1 Year Triple Access Online ISA
• Flex Instant Saver.

On 1 December, we’ll be increasing the interest rates on some of our other savings accounts.

Find out how your savings account's interest rate will change: https://www.nationwide.co.uk/-/assets/nationwidecouk/documents/savings/smd558-important-changes.pdf?rev=5d58bb4757754e84bce2f70bd75b6409

@special_saver2

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 🤷‍♂️

ForumUser7

wiseonesomeofthetime said:

ForumUser7 said:

Nationwide Savings Account Rate Changes (Effective 1st December):

On 18 November, we increased the interest rates on some of our savings accounts:

• 1 Year Triple Access Online Saver
• 1 Year Triple Access Online ISA
• Flex Instant Saver.

On 1 December, we’ll be increasing the interest rates on some of our other savings accounts.

Find out how your savings account's interest rate will change: https://www.nationwide.co.uk/-/assets/nationwidecouk/documents/savings/smd558-important-changes.pdf?rev=5d58bb4757754e84bce2f70bd75b6409

@special_saver2

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 🤷‍♂️

I opened a flex RS literally the day before they withdrew it - possibly one of the best regular Saver decisions I’ve made 😂

Band7

wiseonesomeofthetime said:

ForumUser7 said:

Nationwide Savings Account Rate Changes (Effective 1st December):

On 18 November, we increased the interest rates on some of our savings accounts:

• 1 Year Triple Access Online Saver
• 1 Year Triple Access Online ISA
• Flex Instant Saver.

On 1 December, we’ll be increasing the interest rates on some of our other savings accounts.

Find out how your savings account's interest rate will change: https://www.nationwide.co.uk/-/assets/nationwidecouk/documents/savings/smd558-important-changes.pdf?rev=5d58bb4757754e84bce2f70bd75b6409

@special_saver2

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!)?

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.