Regular Savings Accounts: The Best Currently Available List!

flaneurs_lobster

35har1old said:

flaneurs_lobster said:

Just in case you might want to know which institution this screed refers to it's

        FURNESS BUILDING SOCIETY

soulsaver said:

35har1old said:

 Can only be opened by post

Or in branch. 

Did you not read the screed because its says Can Furness Building Society
Does not have nationwide branch coverage Total of 9 branches Cumbria & Lancashire perhaps a midweek break would be needed.

It's because I had to read the thing twice to find which institution's screed it was that I thought it worthwhile sticking up a header.

Splendid locations for a short break both.

35har1old

flaneurs_lobster said:

35har1old said:

flaneurs_lobster said:

Just in case you might want to know which institution this screed refers to it's

        FURNESS BUILDING SOCIETY

soulsaver said:

35har1old said:

 Can only be opened by post

Or in branch. 

Did you not read the screed because its says Can Furness Building Society
Does not have nationwide branch coverage Total of 9 branches Cumbria & Lancashire perhaps a midweek break would be needed.

It's because I had to read the thing twice to find which institution's screed it was that I thought it worthwhile sticking up a header.

Splendid locations for a short break both.

They really are  lovely spots but wasting your time popping in to a branch to open a regular saver after getting there no money left.

35har1old

ForumUser7 said:

35har1old said:

ForumUser7 said:

35har1old said:

arsenalboy said:

The Furness regular saver is not new, it is issue 5 which I took out in November when it was paying 4%, they have just increased the rate to remain competitive. 

Neither is the Leek new which only will pay 4% from 01-03-23

It’s a rate increase though - Furness increased at the start of this month I believe, and was already posted. No one else had posted leek

As their is now 709 pages to this post i don't think it really practical to trawl  through all of them to check for a previous posts

If you’re on a desktop (it doesn’t seem to have the option on my mobile app), you can select page 1 - @Special_Saver2 has a run down of all the different rates and accounts above a certain threshold there, which is usually maintained on a weekly basis

When you click on the post it takes you to the last page i usually  take a look at a number of pages back from that but did't  think of looking at page 1 as i thought that would have been answered in the proceeding post not knowing that this page is edited.
But at first glance you see a date of Feb 2022 i know when I see a date that far back i stop reading

Patrington

This thread is in danger of becoming a shambles folks

Special_Saver2

Hi Everybody,

I have changed the following items on page 1 of this thread.

- Bath BS 16-25 Regular Saver interest rate increased to 6.75% gross p.a. variable from 1st March 2023

- Bath BS Homestart Regular Saver interest rate increased to 3.99% gross p.a. variable from 1st March 2023

- I also note the Bath BS The Regular Saver account interest rate has increased to 3.59% from 1st March 2023 but I do not think it will make it on to page 1 when I update the interest rate threshold at the end of the month for inclusion on this list, so I have not put it on page 1 

- Leek BS Regular Saver interest rate increased to 4% gross p.a. variable from 1st March 2023

I will do the next update next weekend.

SS2

---

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

MiserlyMartin

Re. Darlington BS Reg Savers. From memory they did not increase the rate following the BoE rate rise in November. But Darlington raised to 3.5% in December. We had BoE rate rises in Dec and Jan. Raised finally to 3.8%, I think in response to the base rate going to 3.5%. Now they are saying: Following the Bank of England’s decision to increase the Bank Base Rate by 0.50 percentage points, to 4.00% on 2 February 2023, the Society is reviewing its mortgage and savings rates and will update members in due course. They seem to take over a month to respond to each base rate rise. Anyway I was about to pull my money out of there but I suppose 3.8% is ok in a terrible market, even though they did not pass on the full 0.5% !!!

35har1old

35har1old said:

 Can only be opened by post

I hold a  three year regular saver with the Furness

Phoned this morning to ask for application pack for regular saver was asked a few question and the pack was being printed out.
I was then informed that i would not need to submit ID as i was within the 3 year window but then i asked  a question regarding the  three year account i was a little taken aback by being informed that i at that time would be required to submit ID.

As i would have to submit by post

What identification do I need to open a savings account?

We’re required by law to check the identity of all account holders, on both individual and joint savings accounts.

If you’re opening an account in branch or through the post, one form of identity verification plus one form of address verification is required. 

Identity verification	Address verification
Current and valid passport	Current council tax letter
National identity card	Grant of probate
Current and valid photocard driving licence (full or provisional)	Bank or credit card statement (last 3 months)
Current and valid firearms certificate or shotgun licence                NO	Utility bill (last 3 months)
Valid driving licence (old style) must be accompanied by address verification
Evidence of state pension payment (last 3 months) must be accompanied by address     verification        NO
Evidence of government benefits / tax credit (last 3 months) must be accompanied by address verification     NO THE ONLY  ORIGINAL ONES I WOULD SEND WOULD BE THE BOTTOM TWO  BUT I AM NOT ON STATE PENSION OR GOVERNMENT BENEFITS

Will you need to see original documents or will copies be sufficient?

We’ll need to see the original documents. If they are being sent to us via post, we’ll accept photocopies but they must be certified by a solicitor, accountant, authorized financial advisor, teacher, doctor, minister or post office master and we must be provided with their contact information. 

I have no contacts with any of the above approved people most of which would be expecting payment for there time.

Chances of seeing a doctor are nil

Post Master Cost £12.75 for 1to3 copies

I was left with no alterative but to cancel the request for the new account

I will also have to close the account that i hold shortly before its maturity date.(maybe i should have closed the account already as the interest rate has not kept pace with current times 3.2% and maybe another increase shortly but can't see it being 0.5)

Having to pay the post master would effetely reduce the rate to around 3.5%

Kazza242

According to Moneyfacts, the Natwest and Royal Bank of Scotland Digital Regular Saver account interest rates will be increasing from 5.12% to 6.17% AER on balances £1 - £5,000.

Pay in up to £150 per month.  

The account is available to new and existing Natwest/RBS current account customers respectively.  

https://www.natwest.com/savings/digital-regular-saver.html

https://www.rbs.co.uk/savings/digital-regular-saver.html

RG2015

Re NatWest / RBS Digital Regular Savers.

Mine are still showing as 5.12% AER / 5.00% gross online and in app.

I guess these will be updated in due course.

Edit. This is a very good rate, but to get the best out of this account you should never withdraw any money.

They must know this and thus have a constant income stream adding to a decent existing balance.

ForumUser7

Now confirmed on NatWest and RBS website, with immediate effect:

IIRC, the rate should update on the app in the next couple of working days, or maybe even tomorrow. It shows the rate at the end of the previous working day I think