Regular Savings Accounts: The Best Currently Available List!

FishInGlass

SFindlay said:

Monmouthshire

For those who wish to continue discussing issues around Regular Savers on this Regular Saver Accounts: Best Currently Available (of which Monmouthshire Christmas Saver is right up there at top of list)  thread rather than be dictated to by others and have to search in different threads for answers has anyone opened the account in branch rather than by post and if so was it by appointment only and was it opened there and then? 

I went into branch on Friday  25th November. Appointment only and the earliest appointment available was the following Wednesday 30th. The process took about 20 minutes. I was not a current member having cashed in my previous RS in September due to lack of good options with them at the time so had to provide id and signature. My online account was still active and I had to use the add account option. The following Monday I was able to see the initial payment along with the subsequent December funding on the 1st.

Band7

Some rate hikes on existing Chorley accounts 

ForumUser7

Today, the Bank of England has increased its base rate by 50 basis points, to a new rate of 3.5%.


Hopefully we'll see some savings providers increase their rates before Christmas, but it'll likely be January for most.

Thoughts? ~ https://forums.moneysavingexpert.com/discussion/6411359/bank-of-england-15-december-2022#latest

Kazza242

Following the Bank of England's base rate rise to 3.50%, the Coventry Building Society First Home Saver rate is increasing from 2.95% to 5.00% w.e.f 6th January 2023.

Their Regular Saver and Regular Saver (5) account rate will be increasing from 3.15% to 4.00%.

Well done The Coventry!

Wheres_My_Cashback

Kazza242 said:

Following the Bank of England's base rate rise to 3.50%, the Coventry Building Society First Home Saver rate is increasing from 2.95% to 5.00% w.e.f 6th January 2023.

Their Regular Saver account will be increasing from 3.15% to 4.00%.

Well done The Coventry!

I'll echo that well done ! Very Good news indeed.

Bridlington1

Kazza242 said:

Following the Bank of England's base rate rise to 3.50%, the Coventry Building Society First Home Saver rate is increasing from 2.95% to 5.00% w.e.f 6th January 2023.

Their Regular Saver and Regular Saver (5) account rate will be increasing from 3.15% to 4.00%.

Well done The Coventry!

Wow. I certainly didn't expect them to go up that high, especially the FHS upping the interest rate by nearly 70%. Combined with the limited access saver going up to 3.25%, Coventry have suddenly become a lot more competitive of late.

Rudyson

Bridlington1 said:

Kazza242 said:

Following the Bank of England's base rate rise to 3.50%, the Coventry Building Society First Home Saver rate is increasing from 2.95% to 5.00% w.e.f 6th January 2023.

Their Regular Saver and Regular Saver (5) account rate will be increasing from 3.15% to 4.00%.

Well done The Coventry!

Wow. I certainly didn't expect them to go up that high, especially the FHS upping the interest rate by nearly 70%. Combined with the limited access saver going up to 3.25%, Coventry have suddenly become a lot more competitive of late.

And well done to them for announcing immediately what their new rates will be, and from when.

AmityNeon

Kazza242 said:

Following the Bank of England's base rate rise to 3.50%, the Coventry Building Society First Home Saver rate is increasing from 2.95% to 5.00% w.e.f 6th January 2023.

That is a huge increase, with a hefty £1,000 monthly deposit limit, and no current account requirements.

londoner62

Long overdue question but what is to stop a homeowner using a 'First Home Saver' or equivalent as a Regular saver? Some first hand knowledge of acceptance or refusal would be welcome. Thanks in advance...

happybagger

They are of course making up for it elsewhere. The account I have is rising by 0.1%, and many accounts are rising by 0.35% or less. Clearly a change of focus.