Regular Savings Accounts: The Best Currently Available List!

ForumUser7

johnmoney05 said:

Just want to point out that there is one mistake in the first post:-

Furness BS 1 Year Regular Saver (Issue 5)

Interest rate: 4% gross p.a. variable
Monthly payment: £1-£250
Miss any payments: No
Penalty-free withdrawals: Yes, one penalty-free withdrawal allowed
Age of applicant: Age 16 years old or older
How to open account: Branch only and by post
Special conditions: They will open an Everyday Saver account as part of this application. After 12 months any money you’ve saved in your Regular Saver plus interest will transfer into your Everyday Saver account and your Regular Saver will renew for another 12 months.

You can open the account by post as well.

Anyone who has had one recently opened, so they still open the everyday Saver at the time? Just seen this and did not notice anything about it on the webpage

Wheres_My_Cashback

johnmoney05 said:

Just want to point out that there is one mistake in the first post:-

Furness BS 1 Year Regular Saver (Issue 5)

Interest rate: 4% gross p.a. variable
Monthly payment: £1-£250
Miss any payments: No
Penalty-free withdrawals: Yes, one penalty-free withdrawal allowed
Age of applicant: Age 16 years old or older
How to open account: Branch only and by post
Special conditions: They will open an Everyday Saver account as part of this application. After 12 months any money you’ve saved in your Regular Saver plus interest will transfer into your Everyday Saver account and your Regular Saver will renew for another 12 months.

You can open the account by post as well.

This was pointed out about 2 weeks ago? but not sure if SS2 has been here.

chris_the_bee

ForumUser7 said:

johnmoney05 said:

Just want to point out that there is one mistake in the first post:-

Furness BS 1 Year Regular Saver (Issue 5)

Interest rate: 4% gross p.a. variable
Monthly payment: £1-£250
Miss any payments: No
Penalty-free withdrawals: Yes, one penalty-free withdrawal allowed
Age of applicant: Age 16 years old or older
How to open account: Branch only and by post
Special conditions: They will open an Everyday Saver account as part of this application. After 12 months any money you’ve saved in your Regular Saver plus interest will transfer into your Everyday Saver account and your Regular Saver will renew for another 12 months.

You can open the account by post as well.

Anyone who has had one recently opened, so they still open the everyday Saver at the time? Just seen this and did not notice anything about it on the webpage

I opened one on 16th Nov. No Everyday Saver account has been opened as yet.

phillw

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 ??

You can't. All you can do is withdraw the money & close it. They will send you a cheque for the interest. You can't open another regular saver with them for a year.

I don't know if that is a year from opening or closing. I was only a month or so into my monthly saver when they raised interest, so it made little difference to me & their customer service didn't even warn me they would be posting a cheque.

There are so many better options for instant access and regular savers that even if they said I could never open a TSB monthly saver, I don't think I'd be upset about it.

Bridlington1

phillw said:

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 ??

You can't. All you can do is withdraw the money & close it. They will send you a cheque for the interest. You can't open another regular saver with them for a year.

I don't know if that is a year from opening or closing. I was only a month or so into my monthly saver when they raised interest, so it made little difference to me.

It's a year from opening. Also when I closed mine a month or two ago they just transferred the final balance including interest into my spend & save account so no cheque involved.

soulsaver

Bridlington1 said:

phillw said:

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 ??

You can't. All you can do is withdraw the money & close it. They will send you a cheque for the interest. You can't open another regular saver with them for a year.

I don't know if that is a year from opening or closing. I was only a month or so into my monthly saver when they raised interest, so it made little difference to me.

It's a year from opening. Also when I closed mine a month or two ago they just transferred the final balance including interest into my spend & save account so no cheque involved.

Same here, no cheques. 

phillw

soulsaver said:
Same here, no cheques. 

No idea what they were doing then. They spent more money on the cheque than I got in interest.

I have a spend and save account, which I paid money in each month and withdrew the money to.

cricidmuslibale

Gers said:

Virgin Money HBC new account  still with a very poor 1.75% interest rate - it doesn't raise any interest with me. 

The third worst currently available regular savings account in terms of interest rate! (according to Moneyfacts) Only Hanley Economic Building Society’s 1.10% account and HSBC’s 1.00% regular saver pay less at the moment!

Rudyson

phillw said:

No idea what they were doing then. They spent more money on the cheque than I got in interest.

I have a cheque from Santander for 1p interest. i kept it as a souvenir

surreysaver

Rudyson said:

phillw said:

No idea what they were doing then. They spent more money on the cheque than I got in interest.

I have a cheque from Santander for 1p interest. i kept it as a souvenir

But balancing the books is important. Think how much it would have cost in auditors if the penny had just been ignored