Regular Savings Accounts: The Best Currently Available List!

Sensory

Edge cases where these 'fixed rate' increases push people into a higher tax bracket, wiping out the gain and resulting in a net loss.

ZeroSum

ForumUser7 said:

typistretired said:

Can’t remember First Direct ever increasing their fixed regular savers to existing savers before and they have doubled the rate. Let’s hope HSBC do the same 

@typistretired Have you seen re the HSBC 5% Regular Saver from December 1st? They've quintupled it!

1% for a reg saver in the current climate is beyond a joke. They had to whack it up quite a bit

cricidmuslibale

ZeroSum said:

ForumUser7 said:

typistretired said:

Can’t remember First Direct ever increasing their fixed regular savers to existing savers before and they have doubled the rate. Let’s hope HSBC do the same 

@typistretired Have you seen re the HSBC 5% Regular Saver from December 1st? They've quintupled it!

1% for a reg saver in the current climate is beyond a joke. They had to whack it up quite a bit

I couldn’t agree more! So that now leaves Hanley Economic Building Society languishing very clearly at the bottom of the regular savings market with their 1.1% account. All their ‘many’ members must now surely be champing at the bit for a similar increase very soon!

ForumUser7

cricidmuslibale said:

ZeroSum said:

ForumUser7 said:

typistretired said:

Can’t remember First Direct ever increasing their fixed regular savers to existing savers before and they have doubled the rate. Let’s hope HSBC do the same 

@typistretired Have you seen re the HSBC 5% Regular Saver from December 1st? They've quintupled it!

1% for a reg saver in the current climate is beyond a joke. They had to whack it up quite a bit

I couldn’t agree more! So that now leaves Hanley Economic Building Society languishing very clearly at the bottom of the regular savings market with their 1.1% account. All their ‘many’ members must now surely be champing at the bit for a similar increase very soon!

1.45% from 1st December - a very impressive rate tbh 😟

RG2015

ZeroSum said:

ForumUser7 said:

typistretired said:

Can’t remember First Direct ever increasing their fixed regular savers to existing savers before and they have doubled the rate. Let’s hope HSBC do the same 

@typistretired Have you seen re the HSBC 5% Regular Saver from December 1st? They've quintupled it!

1% for a reg saver in the current climate is beyond a joke. They had to whack it up quite a bit

The didn't have to do anything as the rate was "fixed". Most other banks have left customers languishing with derisory rates until maturity. Some of these with no option to withdraw.

HSBC are to be applauded for quintupling the rate.

cricidmuslibale

ForumUser7 said:

cricidmuslibale said:

ZeroSum said:

ForumUser7 said:

typistretired said:

Can’t remember First Direct ever increasing their fixed regular savers to existing savers before and they have doubled the rate. Let’s hope HSBC do the same 

@typistretired Have you seen re the HSBC 5% Regular Saver from December 1st? They've quintupled it!

1% for a reg saver in the current climate is beyond a joke. They had to whack it up quite a bit

I couldn’t agree more! So that now leaves Hanley Economic Building Society languishing very clearly at the bottom of the regular savings market with their 1.1% account. All their ‘many’ members must now surely be champing at the bit for a similar increase very soon!

1.45% from 1st December - a very impressive rate tbh 😟

Yes, a very “impressive” rate to be able to get away with paying if you’re lucky enough to be one of their board members, e.g. one of the executive directors or the chairman!

happybagger

The Hanley doesn't have shareholders of course, and that increase of 0.35% following a base rate rise of 0.75% shows how much of an advantage this small society has over its plc rivals and demonstrates how it uses that to provide a "mutual dividend"

Band7

Sensory said:

Edge cases where these 'fixed rate' increases push people into a higher tax bracket, wiping out the gain and resulting in a net loss.

Easily avoidable by adjusting the monthly contribution, right down to £25 if need be.

trickydicky14

adindas said:

I got the confirmation of rate Increase to 7% from firsta Direct via text today.

Me too, how good is that

Sensory

Band7 said:

Sensory said:

Edge cases where these 'fixed rate' increases push people into a higher tax bracket, wiping out the gain and resulting in a net loss.

Easily avoidable by adjusting the monthly contribution, right down to £25 if need be.

Easier for this tax year, but harder for the next. Anyone unfortunate enough to be caught out will unlikely be the sort to have the sufficient financial discipline to monitor their precise income and tax liabilities.

We just need other providers to start boosting their rates. I never thought I'd see 7% this year or even next.