Regular Savings Accounts: The Best Currently Available List!

Nova1307

I did a switch to Halifax around 4 months ago and got the switcher bonus of £150. Does anyone know if there is a minimum stay period or am I free to switch somewhere else? Thanks

alibean121

Nova1307 said:

I did a switch to Halifax around 4 months ago and got the switcher bonus of £150. Does anyone know if there is a minimum stay period or am I free to switch somewhere else? Thanks

You want to discuss that on the bank accounts board. This thread is for discussion of regular saver accounts

https://forums.moneysavingexpert.com/categories/budgeting-bank-accounts

soulsaver

Maybe help with forward planning:

On strong authority, the Furness BS 3 year Reg Saver goes to 3.2% wef 01/02/2023 (2.9% now).

If you opened that at launch you won't have long to go anyway (June?), but may make it acceptable to wait until maturity: Early closure requires the faff of original or certified photo id, which maybe OK if you're local to a branch... 

Also their RS5 (1 year) goes to 4.3% wef 01/02/23.

tommse

The interest on Coventry FHS is paid annually- I guess if you close before they sell pay it? Can't see in the t&cs. Cheers

phillw

masonic said:
The key information explicitly stated that you could hold the account in order to save towards someone else's first home. The account was not only targeted at FTB, but also their family members. Anyone could have answered that question honestly and not been screened out.

It's a little vague on whether the family member needs to exist yet.

Wheres_My_Cashback

For those still waiting for the MONBS Xmas RS  I'm told that they are working on them in order received and today are dealing with applications received on the 6th Dec. Anything received prior to that should have been dealt with.

silvercar

phillw said:

masonic said:
The key information explicitly stated that you could hold the account in order to save towards someone else's first home. The account was not only targeted at FTB, but also their family members. Anyone could have answered that question honestly and not been screened out.

It's a little vague on whether the family member needs to exist yet.

Being pedantic, how can someone be a member of your family if they don't exist?

Reg_Smeeton

The reported increase for the Stafford Railway Building Society Regular Saver Issue1 to 3.75% variable from 1st January 2023 now confirmed on their website https://srbs.co.uk/savings/detail/regular-saver-issue-1

Funny how things pan out, this was one of my top payers when I opened it in August, now languishing in the relegation places despite the increase!

soulsaver

Reg_Smeeton said:

The reported increase for the Stafford Railway Building Society Regular Saver Issue1 to 3.75% variable from 1st January 2023 now confirmed on their website https://srbs.co.uk/savings/detail/regular-saver-issue-1

Funny how things pan out, this was one of my top payers when I opened it in August, now languishing in the relegation places despite the increase!

For the uninitiated: SRBS turn on and off post code restrictions to new customers/applicants, as they see fit. It's local limited atm.

adindas

Reg_Smeeton said:

The reported increase for the Stafford Railway Building Society Regular Saver Issue1 to 3.75% variable from 1st January 2023 now confirmed on their website https://srbs.co.uk/savings/detail/regular-saver-issue-1

Funny how things pan out, this was one of my top payers when I opened it in August, now languishing in the relegation places despite the increase!

Keep in mind this account could run for a few years to come. It might not be looking attractive today, but you will never now in two years time from now and you could always put a minimum amount and maximise it when they are already attractive again. You could have a maximum balance of £100,000.00

My personal experience, that is the way I got my Loughborough and to some extent also SRBS saving run with reasonable rate about a few years ago at a reasonable interest while other savings are at historic low.