Regular Savings Accounts: The Best Currently Available List!

Bridlington1

Wheres_My_Cashback said:

ForumUser7 said:

I'm baffled by their policy on this, but again, Loughborough BS has increased their rates and not increased the Regular Saver Issue 1. Seems to be a new rate sheet every couple of weeks!

https://www.theloughborough.co.uk/wp-content/uploads/2020/10/Interest-Rate-Poster-23-January-2023.pdf

Had three RS accounts with LBS until middle of last year, but it's been clear since then that their priorities changed and they are not looking to support/offer competitive RS. I'd go elsewhere if I were you.

I've kept £10 in the account since October just in case the rate rises.

ForumUser7

Bridlington1 said:

Wheres_My_Cashback said:

ForumUser7 said:

I'm baffled by their policy on this, but again, Loughborough BS has increased their rates and not increased the Regular Saver Issue 1. Seems to be a new rate sheet every couple of weeks!

https://www.theloughborough.co.uk/wp-content/uploads/2020/10/Interest-Rate-Poster-23-January-2023.pdf

Had three RS accounts with LBS until middle of last year, but it's been clear since then that their priorities changed and they are not looking to support/offer competitive RS. I'd go elsewhere if I were you.

I've kept £10 in the account since October just in case the rate rises.

I've kept £10 in mine too, but I'm not keeping my fingers crossed. At least it also maintains membership, in case they ever increased rates but restricted by postcode/existing membership

Bridlington1

ForumUser7 said:

Bridlington1 said:

Wheres_My_Cashback said:

ForumUser7 said:

I'm baffled by their policy on this, but again, Loughborough BS has increased their rates and not increased the Regular Saver Issue 1. Seems to be a new rate sheet every couple of weeks!

https://www.theloughborough.co.uk/wp-content/uploads/2020/10/Interest-Rate-Poster-23-January-2023.pdf

Had three RS accounts with LBS until middle of last year, but it's been clear since then that their priorities changed and they are not looking to support/offer competitive RS. I'd go elsewhere if I were you.

I've kept £10 in the account since October just in case the rate rises.

I've kept £10 in mine too, but I'm not keeping my fingers crossed. At least it also maintains membership, in case they ever increased rates but restricted by postcode/existing membership

The way I see it, the £10 isn't doing any harm sat there and as the account was a good rate before, there's a chance it could become a good rate again. I doubt it will rise much anytime soon, but then again I didn't expect the Coventry first home saver to jump 2.05% in one go, from 2.95% to 5%.

Kazza242

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

ForumUser7

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?

Bridlington1

ForumUser7 said:

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

Bridlington1 said:

ForumUser7 said:

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!

subjecttocontract

There is always someone worse off......mine is at 2.5% but doesn't mature until September !

Bridlington1

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

Today TSB upped their monthly saver to 5%