Regular Savings Accounts: The Best Currently Available List!

Nick_C

Re Notts. 

Thanks for posting, but with a fixed rate and no withdrawals or early closure I would prefer to put a lump sum into a one year bond for about 4.25%

I don't see the appeal of this account. 

Band7

Nick_C said:

Re Notts. 

Thanks for posting, but with a fixed rate and no withdrawals or early closure I would prefer to put a lump sum into a one year bond for about 4.25%

I don't see the appeal of this account. 

Like some other Regular Savers, it’s an account for people who don’t have a lump sum and/ or who don’t want or can’t have pre-req current accounts for higher paying RSes

As a by-the-by, Smartsave have the leading 1-year fix at 4.37% at the moment, or you can get 18 month fixes at 4.55% if this is more suitable for yourself

Gers

Our great rates have been snapped up!

We’re not offering Fixed Rate Saver accounts to new customers right now but don’t worry, we’ll be back soon.

https://smartsavebank.co.uk/

ctdctd

First Direct RS up to 7% - and the increase is applied to existing accounts from 1st December.

https://www.moneysavingexpert.com/news/2022/11/first-direct-regular-saver-interest-rate-doubled/

jimexbox

ctdctd said:

First Direct RS up to 7% - and the increase is applied to existing accounts from 1st December.

https://www.moneysavingexpert.com/news/2022/11/first-direct-regular-saver-interest-rate-doubled/

I'm pleased existing customers are actually being looked after, which includes myself. Do FD let you transfer the entire balance to a new RS account when the old one matures, or is start from zero again? 

Sensory

jimexbox said:

ctdctd said:

First Direct RS up to 7% - and the increase is applied to existing accounts from 1st December.

https://www.moneysavingexpert.com/news/2022/11/first-direct-regular-saver-interest-rate-doubled/

I'm pleased existing customers are actually being looked after, which includes myself. Do FD let you transfer the entire balance to a new RS account when the old one matures, or is start from zero again? 

I can't think of any regular saver allowing that.

From their FAQ:

What happens to my money when my Regular Saver matures?
Your money will be automatically transferred to a Savings Account. If you don’t have a sole Savings Account, your Regular Saver will convert into a new sole Savings Account.

Sensory

ctdctd said:

First Direct RS up to 7% - and the increase is applied to existing accounts from 1st December.

https://www.moneysavingexpert.com/news/2022/11/first-direct-regular-saver-interest-rate-doubled/

That's an impressive rate. Drip feeding from a 2.81% easy account results in annual interest equivalent to ~5.08%.

jaypers

I already have a FD RS so the rate will be increased on 1st Dec. Anyone thinking of opening one may as well do so straight away at the existing 3.5% as it will automatically be increased in 2 days. Suspect demand will be very high. 

CooperSF

Will I get the 7% as a new customer?

cricidmuslibale

CooperSF said:

Will I get the 7% as a new customer?

Absolutely, yes, as long as you already have a First Direct current account before applying for the Regular Saver.