Regular Savings Accounts: The Best Currently Available List!

rob37uk

trickydicky14 said:

The no longer available Nationwide regular saver which currently pays 3.5%, do I recall someone saying the rate is going up in Dec, or am I imagining it. It's just along with Saffron @ 3% it's languishing down the tables a bit.

Yes - existing Flex Regular savers go up to 4% from 1st December

10_66

Wheres_My_Cashback said:

JamesPeter said:

Darlington Building Society:

The older Special Occasion Saver (no longer available to open) has also increased to 3.5% and earlier 'High Days and Holidays' RS up a measly 0.15% to 2.6%.

 

https://www.darlington.co.uk/savings-accounts/regular-savings-accounts/

Where have you obtained info from for the Special Occasion Saver ? I've just contacted them and they've told me there has not been any increase and the old rate remains. I did press them a few times on this and they were sure it hasn't increased, however I appreciate CS can 'sometimes' be wrong.


EDIT;
Five minutes after speaking to them and 10 minutes after first checking the old rate showing on my account page, i decided to login again.

Low and behold the rate has now increased to 3.50% on the SOS and the Green.

How can they get it so wrong and be so adamant about it !!!!

They’re hopeless, I rang end of last week to check about rates, they said no imminent intention to increase rate, so I withdrew the balance (bar the minimum).

Vortigern

mjv1986 said:

I current have a first direct reg saver with a 1st account current account.

The other day I did the nationwide switch offer of £200 without realising... (corrected that for you)

Once the switch is done, can I just open another 1st current account does anyone know.

I'm guessing my regular saver will stop too.

If possible you should open a new current account with first direct BEFORE your switch completes. That might preserve your existing regular saver.

ForumUser7

10_66 said:

Wheres_My_Cashback said:

JamesPeter said:

Darlington Building Society:

The older Special Occasion Saver (no longer available to open) has also increased to 3.5% and earlier 'High Days and Holidays' RS up a measly 0.15% to 2.6%.

 

https://www.darlington.co.uk/savings-accounts/regular-savings-accounts/

Where have you obtained info from for the Special Occasion Saver ? I've just contacted them and they've told me there has not been any increase and the old rate remains. I did press them a few times on this and they were sure it hasn't increased, however I appreciate CS can 'sometimes' be wrong.


EDIT;
Five minutes after speaking to them and 10 minutes after first checking the old rate showing on my account page, i decided to login again.

Low and behold the rate has now increased to 3.50% on the SOS and the Green.

How can they get it so wrong and be so adamant about it !!!!

They’re hopeless, I rang end of last week to check about rates, they said no imminent intention to increase rate, so I withdrew the balance (bar the minimum).

I called last week too - I just asked the approximate timeframe/date for any rate increases in general and was told nothing was happening to any accounts. I planned to wait till 10th Dec just in case, but the rate on the teen goal saver remains the same so I withdrew it all this morning. To their credit, it is already in my nominated bank account, but it is a it seems very odd that the kids regular savers have not gone up given that most providers pay higher rates on kids accounts than adults. Other societies have been able to give advance dates when I have asked, just not the exact product and rate details of course, unless they were published for everyone.

*EDIT* I’m aware the JISA is a kids account and increased to 3.75% from 3.5%, I more mean their children’s regular savers.

happybagger

I find the increase in the High Days account of just 0.15% a disgrace when the other closed issue Special Occasions and open RS account have both gone up to 3.5%, both with better terms. I did withdraw a lot from the High Days recently as they weren't doing anything with rates. It took two weeks to get the nominated account set up. Time to close the High Days down completely.

LZC

Did the Nationwide Flex RS account allow a 13th month payment?

Descrabled

Nationwide Flex RS account did indeed allow a 13th payment

pecunianonolet

Can somebody just in simple terms expalin why everyone jumps at the reg savers with often just small pay in amounts, even at as high of 7% rates? Why have many 10+ on the go at the same time. Makes even less sense to me if you can't drip feed. Is it not just a lot easier to put the lump sum in a 1y fix instead while the rates are still attractive?

E.g., drip feed from 2.81% Al Ryan to Monmouthshire 5.5% with 200 monthly payments only makes it a 4.25% rate. I can better put that in a 1y fix straight away e.g. 4.35% Atom and still make more but without all the fuss. Plus, I can select monthly interest and I can spread my gains over two tax years to utilise the PSA as much as possible. 

I might be totally wrong and miss the point of why reg savers seem to excite everyone so much.

Band7

pecunianonolet said:

Can somebody just in simple terms expalin why everyone jumps at the reg savers with often just small pay in amounts, even at as high of 7% rates? Why have many 10+ on the go at the same time. Makes even less sense to me if you can't drip feed. Is it not just a lot easier to put the lump sum in a 1y fix instead while the rates are still attractive?

E.g., drip feed from 2.81% Al Ryan to Monmouthshire 5.5% with 200 monthly payments only makes it a 4.25% rate. I can better put that in a 1y fix straight away e.g. 4.35% Atom and still make more but without all the fuss. Plus, I can select monthly interest and I can spread my gains over two tax years to utilise the PSA as much as possible. 

I might be totally wrong and miss the point of why reg savers seem to excite everyone so much.

Many of the RSs allow withdrawals or early closure. 99% of all non-ISA fixed term accounts don't allow either. 

t1redmonkey

People don't necessarily have a lump sum ready to put somewhere all in one go either, so Regular Savers allow people to put excess money from their monthly pay (for example) into a Regular Saver each month.