Regular Savings Accounts: The Best Currently Available List!

ircE

pecunianonolet said:

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Section62 said:

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Thank you both - account opened before I even realised I had completed the process! I abstain from banking with mainstream banks like Barclays for ethical reasons. I've been happy to save with BSs even if I wasn't getting the best interest, but it's doubly pleasing to know I'll be getting near the top interest rate - at least for now...

movingon

I can't get the RS calculator to work on my phone.Could some kind person please work out the interest amount gained over the three years if I save  the £36K  in the FH saver by drip feeding from a 2.75% account, rather than leaving it just in the 2.75%  account ?( On the hypothesis that neither the Coventry TH saver  rate of 5% in January, or the 2.75 %  rates remain unchaged)
TIA

Special_Saver2

Hi Folks,

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

- HSBC Regular Saver Account updated to show the maximum monthly deposit is £250 (apologies that I had £300 - this account is so similar to the First Direct account that I copied, pasted and edited my First Direct entry to create the HSBC entry and the maximum monthly deposit is £300 per month on the First Direct account)

- Monmouthshire BS Christmas Saver (Issue 5) and Monmouthshire BS Regular Saver Bond (Issue 8) updated to show the minimum monthly deposit is £0

- Beehive (part of Nottingham BS) Home Starter Regular Saver entry updated to show it is "Issue 2"

- Yorkshire BS Loyalty Regular Saver (Issue 2) / Regular eSaver withdrawn and removed from the list on page 1

- Chase Saver Account from the feeder account section interest rate updated to show it will be paying 2.67% gross / 2.7% AER from 4th January 2023

- Coventry BS Regular Saver (Issue 5) interest rate updated to show it will be 4% from 6th January 2023

- Coventry BS First Home Saver interest rate updated to show it will be 5% from 6th January 2023

I will do the next update in early January. Happy holidays everybody!!!

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

silvercar

movingon said:

I can't get the RS calculator to work on my phone.Could some kind person please work out the interest amount gained over the three years if I save  the £36K  in the FH saver by drip feeding from a 2.75% account, rather than leaving it just in the 2.75%  account ?( On the hypothesis that neither the Coventry TH saver  rate of 5% in January, or the 2.75 %  rates remain unchaged)
TIA

Drip-feeding the regular saver

After drip-feeding the cash for 36 months, you'd have earned...

£4,352 in interest
£2,847 from the regular saver + £1,505 from the normal savings account

Leaving it in normal savings

If you'd kept the cash in normal savings without drip-feeding it, you'd have earned...
£2,934 in interest

Band7

movingon said:

I can't get the RS calculator to work on my phone.Could some kind person please work out the interest amount gained over the three years if I save  the £36K  in the FH saver by drip feeding from a 2.75% account, rather than leaving it just in the 2.75%  account ?( On the hypothesis that neither the Coventry TH saver  rate of 5% in January, or the 2.75 %  rates remain unchaged)
TIA

Here you go. Though keeping your principal in the 2.75% one doesn't give you the best return. Plenty of higher rates available, e.g. with Zopa, Coventry 6 access, other Regular Savers etc

movingon

Thank you both

phillw

Just had a text....

"Just letting you know the interest of 5.00% / 5.12% Gross/AER p.a.(variable) on your Digital Regular Saver is now available on balances right up to £5,0000 (Previously £1,000)."

I thought that was the case for about two weeks...

RG2015

phillw said:

Just had a text....

"Just letting you know the interest of 5.00% / 5.12% Gross/AER p.a.(variable) on your Digital Regular Saver is now available on balances right up to £5,0000 (Previously £1,000)."

I thought that was the case for about two weeks...

Yes, the change was effective from 6th December.

https://forums.moneysavingexpert.com/discussion/6402502/rbs-and-natwest-digital-saver-changes/p1

Band7

I deposited a second £150 into my RBS Digital Saver this month by mistake - both on December 6th, one by a one-off scheduled payment that I had forgotten about, and one I made manually. When logging into my RBS account today, I noticed it's been returned on the 12th. I can't tell whether this happened automatically or whether it was a manual intervention.

MichaelAP

Band7 said:

I deposited a second £150 into my RBS Digital Saver this month by mistake - both on December 6th, one by a one-off scheduled payment that I had forgotten about, and one I made manually. When logging into my RBS account today, I noticed it's been returned on the 12th. I can't tell whether this happened automatically or whether it was a manual intervention.

It will be automatic. RBS/NatWest simply do not have the resources to check individual accounts.