Regular Savings Accounts: The Best Currently Available List!

FishInGlass

t1redmonkey said:

I opened the Monmouthshire Xmas Saver and their 3.75% Monthly Saver in branch this morning.  I was half expecting there to be loads of people coming in asking to open an account, but I only noticed 2 other people coming in the whole time I was there (about 45 minutes)!  I guess those of us on here are a rarer breed than I thought, and most people don't really pay attention to new high rate savings accounts that get announced

You had more luck than me. When I went into a branch I was told I had to make an appointment and the earliest available was Wednesday. I have another branch reasonably close but it does not open on Saturdays. I will try there Monday morning.

Nick_C

Leeds BS RS increases to 3.2% on 1 December.

Minimum operating balance: £100. The minimum operating balance is required to open the account.

Variable interest rate. 

The term is fixed until 3 November 2024

• Interest rates can go down as well as up
• Withdrawals are limited to 1 each year without loss of interest (including account closure)
• You can deposit up to £6,000 over the 24 month period
• You can only pay in up to £250 in a single month

https://www.leedsbuildingsociety.co.uk/savings/regular-saver/regular-saver/

https://www.leedsbuildingsociety.co.uk/savings/savings-account-changes/

Open on line. Avaliable nationwide. 

flaneurs_lobster

FishInGlass said:

t1redmonkey said:

I opened the Monmouthshire Xmas Saver and their 3.75% Monthly Saver in branch this morning.  I was half expecting there to be loads of people coming in asking to open an account, but I only noticed 2 other people coming in the whole time I was there (about 45 minutes)!  I guess those of us on here are a rarer breed than I thought, and most people don't really pay attention to new high rate savings accounts that get announced

You had more luck than me. When I went into a branch I was told I had to make an appointment and the earliest available was Wednesday. I have another branch reasonably close but it does not open on Saturdays. I will try there Monday morning.

If I promise to send you a tenner will you open one for me too? 

Trynsave2

HSBC increasing rate from 1% to 5% from 1st Dec for existing and new savers.
£250 pm 

ForumUser7

Trynsave2 said:

HSBC increasing rate from 1% to 5% from 1st Dec for existing and new savers.
£250 pm 

Thanks. Anyone got an official HSBC link please? I’ve found this article from the express in the meantime https://www.express.co.uk/finance/personalfinance/1702487/hsbc-bank-savings-account-interest-rate-rise-increase

where_are_we

HSBC are disregarding their old RS T&C`s that the interest rate of 1% is fixed. You must have an HSBC current account. It looks like you can open one before 1st December, deposit £250 for month of November, deposit £250 on December 1 and then another 10  monthly standing orders. Maximum £3000. However no withdrawals or closures without loss of interest.

Wheres_My_Cashback

where_are_we said:

HSBC are disregarding their old RS T&C`s that the interest rate of 1% is fixed. You must have an HSBC current account. It looks like you can open one before 1st December, deposit £250 for month of November, deposit £250 on December 1 and then another 10  monthly standing orders. Maximum £3000. However no withdrawals or closures without loss of interest.

HSBC regular deposits are not PCM, they are based on 1st deposit date so you wouldn't be able to do that.

where_are_we

Thanks Wheres_My_Cashback - its like the First Direct RS. Part of the same banking group as HSBC.

Band7

ICYMI, HSBC might also let you have a £500 interest-free overdraft for 1 year only

https://www.moneysavingexpert.com/news/2022/11/hsbc-overdraft-cost-of-living-help-interest/

Nice little stoozer if you are disciplined with settling the O/D. 

Band7

A new one from Nottingham BS. It says "Regular saver products are limited to one per customer" so you can't apply for this one is you already have Issue 1 (2.5%) which is now no longer available for new applications.

They have also moved on majorly to online and app application and management. It took me 10 minutes to sign up as a new customer, incl. ID verification and photo ID upload. Not sure whether & how people without photo ID can apply - possibly in Branch.


Beehive (part of Nottingham BS) Home Starter Regular Saver - Issue 2  

Interest rate: 3.5% gross p.a. fixed 
Monthly payment: £0-£500
Miss any payments: Yes, miss as many as you wish
Penalty-free withdrawals: No withdrawals at all until 14 March 2024
Age of applicant: At least 18 years old
How to open account: Online or app
Special conditions: Account matures 14 March 2024. Account balance must not exceed £8,500.


Accounts available to all UK residents and can be opened online or via app