Regular Savings Accounts: The Best Currently Available List!

financialbliss

After querying no rate change after two BoE decisions, I've been told by a Stafford Railway Building Society agent that their regular saver is going from 2.50% to 3.75%, ie an increase of 1.25%, but not until 1st January 2023.

In two minds what to do here - open ended RS with £500 pcm deposit. Stick it out until January or close.

Sensory

adindas said:

kaMelo said:

Halifax and Lloyds don't so, assuming they follow the same patterns, I would say no but that's not definite.

Thanks for the info does anyone else could confirm about this ??

kaMelo said:

The problem may be your suggestion of 'another' monthly saver. You can only hold one no matter how many current accounts you have.

I am not quite sure about this, but I read somewhere you could have another one BOS MS by applying with new profile.

I did that with Halifax for Switching incentive, and just recently taking another advantage opening a new one and I now have two Halifax RSAs.

If you already have 2x Halifax RS, you should already have two separate online banking profiles, which means you should also be able to have 2x BOS RS.

It sounds like you applied for a new Halifax current account, and in the process created a new online banking profile that wasn't linked to your existing accounts. This then allowed you to apply for a second Halifax RS. If this is the case, try registering for BOS online banking using the details of the new current account (from your second profile).

(I have 2x Halifax RS and 2x BOS RS.)

Band7

financialbliss said:

After querying no rate change after two BoE decisions, I've been told by a Stafford Railway Building Society agent that their regular saver is going from 2.50% to 3.75%, ie an increase of 1.25%, but not until 1st January 2023.

In two minds what to do here - open ended RS with £500 pcm deposit. Stick it out until January or close.

I have already reduced my monthly deposits a while back to the minimum £25 and was considering withdrawing to the minimum balance. But on this news, I will keep going with my £25/mth until something substantially better [that I don't have yet] comes along.

Descrabled

Furness 3y RS (no longer available)

Informed increasing (sic) to 2.9% on 1 Dec

ForumUser7

Descrabled said:

Furness 3y RS (no longer available)

Informed increasing (sic) to 2.9% on 1 Dec

@descrabled have you got a link for a PDF with all the rate rises please, or is it just that specific account you've been told about at this stage? Thanks

Descrabled

ForumUser7 said:

Descrabled said:

Furness 3y RS (no longer available)

Informed increasing (sic) to 2.9% on 1 Dec

@descrabled have you got a link for a PDF with all the rate rises please, or is it just that specific account you've been told about at this stage? Thanks

Sorry, but I was talking to my contact in Barrow and she just mentioned this rate. We were comparing the Furness rates with the much better rates available now from the Cumberland.  I had this account but ditched it a few months back.

chris_the_bee

Band7 said:

financialbliss said:

After querying no rate change after two BoE decisions, I've been told by a Stafford Railway Building Society agent that their regular saver is going from 2.50% to 3.75%, ie an increase of 1.25%, but not until 1st January 2023.

In two minds what to do here - open ended RS with £500 pcm deposit. Stick it out until January or close.

I have already reduced my monthly deposits a while back to the minimum £25 and was considering withdrawing to the minimum balance. But on this news, I will keep going with my £25/mth until something substantially better [that I don't have yet] comes along.

Rate change confirmed by phone and can also make multiple payments per month up to the £500 limit. So could top up Nov payment at end of Nov and pay full amount end of Dec and start of Jan.

10_66

financialbliss said:

After querying no rate change after two BoE decisions, I've been told by a Stafford Railway Building Society agent that their regular saver is going from 2.50% to 3.75%, ie an increase of 1.25%, but not until 1st January 2023.

In two minds what to do here - open ended RS with £500 pcm deposit. Stick it out until January or close.

I got fed up of waiting for them to do something, so on Wednesday, I posted my request to withdraw all but min balance but kept min monthly payments going in.  I haven't got the energy to ring them to try to stop the withdrawal, because God knows when they'll get the passbook with the postal strikes.  I'd kept it open due to the possibility of a rate increase.

Bridlington1

10_66 said:

financialbliss said:

After querying no rate change after two BoE decisions, I've been told by a Stafford Railway Building Society agent that their regular saver is going from 2.50% to 3.75%, ie an increase of 1.25%, but not until 1st January 2023.

In two minds what to do here - open ended RS with £500 pcm deposit. Stick it out until January or close.

I got fed up of waiting for them to do something, so on Wednesday, I posted my request to withdraw all but min balance but kept min monthly payments going in.  I haven't got the energy to ring them to try to stop the withdrawal, because God knows when they'll get the passbook with the postal strikes.  I'd kept it open due to the possibility of a rate increase.

I emptied mine barring the minimum balance just over a month ago. They are pretty quick with processing withdrawals. I sent my passbook and a letter requesting the withdrawal off on the Monday and received my cheque and passbook back on the Wednesday.

Snapdragon

I've seen several mentions on this thread of being able to register for BOS by using your Halifax account details in order to apply for the BOS RS, however I have reservations about how this works in practice. Having been caught out by the HSBC 3% saver account which can be opened if you have another savings account with HSBC, but is actually completely useless once opened, because you can't withdraw any money from it, without also having their current account (which I switched elsewhere ages ago, leaving just the old basic saver account). 

Can anyone confirm, are you able to set up payees on the BOS regular saver (which you couldn't on the HSBC saver account) to enable you to withdraw to an external account, if you don't have a BOS current account?