Regular Savings Accounts: The Best Currently Available List!

liamcov

Natwest/RBS Digital Saver - I know the roundups feature doesn't count towards the £150/month limit, but is there a monthly/total limit on the amount that can be paid in this way too? No mention of their websites so thinking there isn't?

kaMelo

There is no limit on the amount, only a limit on how much effort you're willing to put in.
Normal spending will obviously work as intended. If someone was trying to manufacture debit card transactions specifically for the round up feature then given the miniscule benefit of doing so compared to the time it takes for each transaction I personally couldn't be bothered.

It may take an extra month or two to max the account out but I'm okay with that. 

brownbun

I opened a Paragon account after it was suggested here as one of the best for instant access. I was getting 2.35%, but I had an email yesterday saying the rate was going up to 3%. I'm a bit confused by this as that is significantly higher than the best that is listed on MSE at the moment

refluxer

brownbun said:

I opened a Paragon account after it was suggested here as one of the best for instant access. I was getting 2.35%, but I had an email yesterday saying the rate was going up to 3%. I'm a bit confused by this as that is significantly higher than the best that is listed on MSE at the moment

Yes, they have upped the rate of the previous issues of their Triple Access Saver to 3% yesterday. This account isn't currently available either to new or existing customers.

This thread is for Regular Savers, BTW. You want the Easy Access Savings Discussion thread for discussing that type of account  https://forums.moneysavingexpert.com/discussion/596724/the-top-easy-access-savings-discussion-area#latest

pecunianonolet

liamcov said:

Natwest/RBS Digital Saver - I know the roundups feature doesn't count towards the £150/month limit, but is there a monthly/total limit on the amount that can be paid in this way too? No mention of their websites so thinking there isn't?

You can make a max of 100 transactions a day so assuming you max out with double round up that's a 198 per day makes it around 24 days to fill it up. I did a test payment to my energy supplier and that worked, made a secodn one with Paypal of sending 1p to the other half. if that works, I know what I will do the next days :-)

I am more bothered about the BT cc I applied for with RBS last Sunday, they said 3-5 days to hear back from them and today is day 6. The hotline only operates Mon - Fri so that's a complaint going in on Monday. With this level of service I am not expecting any issues with 100 debit card payments of 1p a day

Special_Saver2

Hi Folks,

Apologies for the long gap since the last update. 

I have changed the following items on page 1 of this thread for this weekend's update.

- In the introduction post (post 1), I have updated the criteria for entry in the posts on page 1 as follows: "I am only including accounts where the interest rate is 3.25% or better, or 2.75% if the account has favourable conditions (e.g. you can pay in £500 per month or more, or if the account matures after at least 2 years)."

- Nottingham BS Seasonal Saver (Issue 5) replaces issue 4, paying 3.5% fixed on up to £500 per month until 30th November 2024 but no withdrawals or account closure until 30th November 2024

- Nationwide BS Start to Save (Issue 2) interest rate updated to 5%

- Hinckley and Rugby BS Regular Saver 30 Day Notice Account interest rate updated to 4.5%

- NatWest Digital Regular Saver Account and Royal Bank of Scotland Digital Regular Saver Account interest rates updated to show they are now paying 5% (5.12% AER) on up to £5,000 (rather than £1,000)

- Bath BS 16-25 Regular Saver interest rate updated to 5.95%

- Bath BS Homestart Regular Saver interest rate updated to 3.1%

- Furness BS 1 Year Regular Saver (Issue 5) updated to show this can be opened by post

- Monmouthshire BS Christmas Saver (Issue 5) added to the list, paying 5.5% fixed on up to £200 per month for all UK residents but can now only be opened in branch

- Monmouthshire BS Regular Saver Bond (Issue 8) added to the list, paying 3.75% fixed on up to £250 per month for all UK residents but can now only be opened in branch

- Mansfield BS Young Regular Saver (3rd Issue) interest rate updated to 3.5%

- Mansfield BS Regular Savings 30 (1st Issue) added to the list paying 3.5% variable on up to £250 per month for as long as the account is available, up to a maximum balance of £50,000 (and your total savings with Mansfield BS do not exceed £400,000), open and operate in branch or by post

- Mansfield BS Regular eSaver 30 (1st Issue) added to the list paying 3.5% variable on up to £500 per month for as long as the account is available, up to a maximum balance of £50,000 (and your total savings with Mansfield BS do not exceed £400,000), open and operate online

- Stafford Railway BS Regular Saver (Issue 1) entry updated to show interest rate going up to 3.75% from 1st January 2023 according to a post on page 615 (not yet noted on their website) and that some of the account details have changed - the account is now for locals only and can be opened online

- First Direct Regular Saver Account interest rate updated to 7% fixed

- HSBC Regular Saver Account paying 5% fixed on up to £250 per month for 12 months and requiring a HSBC current account to be open too

- Darlington BS Regular Monthly Saver and Darlington BS Green Regular Saver interest rates increased to 3.5%

I have updated as much as I can for now on the first page of this thread and I will have to finish off the update later this week.

SS2

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For those new to this thread, the first few posts are constantly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

ForumUser7

Special_Saver2 said:

Hi Folks,

Apologies for the long gap since the last update. I am still updating the first page right now and I need to take a break so I am posting this entry right now as I will lose my progress on this post if the system times out!

I have changed the following items on page 1 of this thread for this weekend's update.

- Nottingham BS Seasonal Saver (Issue 5) replaces issue 4, paying 3.5% fixed on up to £500 per month until 30th November 2024 but no withdrawals or account closure until 30th November 2024

- Nationwide BS Start to Save (Issue 2) interest rate updated to 5%

- Hinckley and Rugby BS Regular Saver 30 Day Notice Account interest rate updated to 4.5%

- NatWest Digital Regular Saver Account and Royal Bank of Scotland Digital Regular Saver Account interest rates updated to show they are now paying 5% (5.12% AER) on up to £5,000 (rather than £1,000)

- Bath BS 16-25 Regular Saver interest rate updated to 5.95%

- Bath BS Homestart Regular Saver interest rate updated to 3.1%

- Furness BS 1 Year Regular Saver (Issue 5) updated to show this can be opened by post

- Monmouthshire BS Christmas Saver (Issue 5) added to the list, paying 5.5% fixed on up to £200 per month for all UK residents but can now only be opened in branch

- Monmouthshire BS Regular Saver Bond (Issue 8) added to the list, paying 3.75% fixed on up to £250 per month for all UK residents but can now only be opened in branch

- Mansfield BS Young Regular Saver (3rd Issue) interest rate updated to 3.5%

- Mansfield BS Regular Savings 30 (1st Issue) added to the list paying 3.5% variable on up to £250 per month for as long as the account is available, up to a maximum balance of £50,000 (and your total savings with Mansfield BS do not exceed £400,000), open and operate in branch or by post

- Mansfield BS Regular eSaver 30 (1st Issue) added to the list paying 3.5% variable on up to £500 per month for as long as the account is available, up to a maximum balance of £50,000 (and your total savings with Mansfield BS do not exceed £400,000), open and operate online

I will finish the update some time this weekend and then edit this entry...

SS2

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For those new to this thread, the first few posts are constantly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

Thank you for your update @special_saver2

The Hinckley and Rugby BS Regular Saver 30 Day Notice Account interest rate currently pays 4.25% rather than 4.5%

alibean121

Coming back to the regular saver ISA, I would love this even if the pay-in couldn't cover the full allowance. I was just thinking about how much I used to love these but, on reflection, I probably haven't had one since 2013 when the ISA limit increased so drastically.

Most of my savings are genuinely building monthly from salary so anything that gives higher interest for regular pay-in is a great deal for me personally. I find having an account that asks for monthly contribution much more motivational than just having a normal savings account with a standing order going in for some reason.

I would love a regular saver ISA but obviously only something that beats something easy-access - considering 3% is available in an ISA, it would really need to be well better than that to be worth messing around with. If it's well above, I'd even forgive them if the monthly pay-in limit is low.

Special_Saver2

Hi Everybody,

I have now completed my update!

I have changed the following items on page 1 of this thread for this weekend's update.

- Hinckley and Rugby BS Regular Saver 30 Day Notice Account interest rate updated to 4.25%

- Saffron BS Small Saver (Issue 7) updated to issue 7 paying 4%

- Beehive (part of Nottingham BS) Home Starter Regular Saver updated interest rate to 3.5% fixed and maturity date to 14th March 2024 for new applicants

- Hanley Economic BS Home Deposit Saver interest rate updated to 3.3%

- Removed accounts that no longer have a good enough interest rate to qualify for inclusion in the first post

I will do the next update next weekend.

SS2

---

For those new to this thread, the first few posts are constantly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

pecunianonolet

@Special_Saver2 HSBC only allows max 250 pay in/month and not 300 as stated. You might want to correct that.

HSBC Regular Saver Account

Interest rate: 5% gross p.a. fixed
Monthly payment: £25-£300 250
Miss any payments: No
Penalty-free withdrawals: No, you can close the account early with all interest paid at their standard variable Flexible Saver Account interest rate
Age of applicant: Not stated
How to open account: Online or by telephone
Special conditions: If you pay in less than £300 per month then you can make up the extra  amount in future months - your maximum balance goes up by £300 per month. You must have one of the following HSBC current accounts: HSBC Premier, HSBC Advance, Bank Account, Bank Account Pay Monthly, HSBC Student Bank Account or Graduate Bank Account which you must maintain for the 12 month duration.