We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!

Regular Savings Accounts: The Best Currently Available List!

16836846866886891699

Comments

  • ForumUser7
    ForumUser7 Posts: 2,557 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Kazza242 said:
    TSB have increased the interest rate on their Monthly Saver Account to 5.00% (fixed gross/AER).

    Save between £25 - £250 per month.  The maximum total investment is £3,000.  

    Unlimited withdrawals are permitted.

    The account can be opened online or in branch.  It runs for 12 months.

    The account is available to new and existing TSB current account customers only.

    https://www.tsb.co.uk/savings/monthly-saver/?WT.ac=A00428


    Has anyone found a way around the one each 12 months rule please? Or does the system just not let you open a new one?
    If you want me to definitely see your reply, please tag me @forumuser7 Thank you.

    N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
  • Bridlington1
    Bridlington1 Posts: 4,322 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Kazza242 said:
    TSB have increased the interest rate on their Monthly Saver Account to 5.00% (fixed gross/AER).

    Save between £25 - £250 per month.  The maximum total investment is £3,000.  

    Unlimited withdrawals are permitted.

    The account can be opened online or in branch.  It runs for 12 months.

    The account is available to new and existing TSB current account customers only.

    https://www.tsb.co.uk/savings/monthly-saver/?WT.ac=A00428


    Has anyone found a way around the one each 12 months rule please? Or does the system just not let you open a new one?
    There doesn't seem to be a way round this one. This is the thing that irritates me about TSB, they've managed to stop you opening 2 regular savers within a 12-month period yet their systems go into a funk if you open more than one current account with them.
  • ForumUser7
    ForumUser7 Posts: 2,557 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    Kazza242 said:
    TSB have increased the interest rate on their Monthly Saver Account to 5.00% (fixed gross/AER).

    Save between £25 - £250 per month.  The maximum total investment is £3,000.  

    Unlimited withdrawals are permitted.

    The account can be opened online or in branch.  It runs for 12 months.

    The account is available to new and existing TSB current account customers only.

    https://www.tsb.co.uk/savings/monthly-saver/?WT.ac=A00428


    Has anyone found a way around the one each 12 months rule please? Or does the system just not let you open a new one?
    There doesn't seem to be a way round this one. This is the thing that irritates me about TSB, they've managed to stop you opening 2 regular savers within a 12-month period yet their systems go into a funk if you open more than one current account with them.
    Oh well - mine matures in May, but it's at 2% - thank goodness for penalty free withdrawals!
    If you want me to definitely see your reply, please tag me @forumuser7 Thank you.

    N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
  • There is always someone worse off......mine is at 2.5% but doesn't mature until September !
  • Bridlington1
    Bridlington1 Posts: 4,322 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    It looks like I've been quite fortunate then. I opened a 2% regular saver on 26/1/22 so if all goes according to plan I should be able to open the 5% one tomorrow.
  • ranciduk
    ranciduk Posts: 745 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Today TSB upped their monthly saver to 5%
  • Band7
    Band7 Posts: 2,285 Forumite
    1,000 Posts Name Dropper
    ranciduk said:
    Today TSB upped their monthly saver to 5%
    But not for existing account holders. And there's no way to sunset existing accounts. You have to sit out existing accounts to maturity. If you prefer, you can, however, withdraw your balance and put it to better use elsewhere.
  • joebob
    joebob Posts: 494 Forumite
    Part of the Furniture 100 Posts Photogenic
    ranciduk said:
    Today TSB upped their monthly saver to 5%
    How much interest would that work out at if you paid maximum in ?
  • ForumUser7
    ForumUser7 Posts: 2,557 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    joebob said:
    ranciduk said:
    Today TSB upped their monthly saver to 5%
    How much interest would that work out at if you paid maximum in ?
    As per the website;
    If you want me to definitely see your reply, please tag me @forumuser7 Thank you.

    N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.9K Banking & Borrowing
  • 253.9K Reduce Debt & Boost Income
  • 454.7K Spending & Discounts
  • 246K Work, Benefits & Business
  • 602.1K Mortgages, Homes & Bills
  • 177.8K Life & Family
  • 259.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.