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Regular Savings Accounts: The Best Currently Available List!
Comments
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If you have a lot of savings, this account will only let you deposit £1000 per month.francoghezzi said:
A bit of advice. Am not buying a property but I have a lot of savings and I think this 4% is still competitive on the market and I could hold it for 3 years without withdrowing money. Should I go for it? Better than the best offer on the market that is 3.15% today ...Kazza242 said:
Yes, the Coventry BS Home Saver (issue 1) interest rate is still at 5.00% (NLA to new applicants). It is a variable rate account.where_are_we said:I assume Cov BS Iss1 remains at 5%? For how long?
I am continuing to use mine, as the generous £1,000 per month deposit limit allows holders to build up to quite a lump sum.
You could easily get above 4% with a fixed term 1, 2, or 3 years, where yo can deposit much more of your savings straightaway.
Depending on your tax situation, an ISA may be of benefit also.2 -
20 December 2022 at 2:46PMsoulsaver said: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.
@soulsaver, do you happen to have any information about any 1st March rise for the RS5 for Furness please? They're next to withdraw from on my list, but with it being limited access, and still close to competitive for me, I don't want to risk an increase after I've sent the instructions. Thank you!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 I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read.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.0 -
Leeds BS RS Issues 23 to 37 with effect 28/03/2023
From: £100 - £6000(+ accrued interest) - 3.70%, Above £6000(+ accrued interest) - 1.70%https://www.leedsbuildingsociety.co.uk/savings/savings-account-changes/To: £100 - £6000(+ accrued interest) - 4.20%, Above £6000(+ accrued interest) - 1.80%
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.16 -
Sorry, no - but with a bit of RS licking (lol) in a call, they may spill the beans...ForumUser7 said:
20 December 2022 at 2:46PMsoulsaver said: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.
@soulsaver, do you happen to have any information about any 1st March rise for the RS5 for Furness please? They're next to withdraw from on my list, but with it being limited access, and still close to competitive for me, I don't want to risk an increase after I've sent the instructions. Thank you!1 -
Hi Everybody,
I have changed the following items on page 1 of this thread.- Leeds BS Regular Saver (Issue 37) interest rate increased to 4.2% gross p.a. variable from 28th February
- Coventry BS First Home Saver (Issue 2) paying 4% on up to £1,000 per month for 36 months added to the Homebuyer Accounts section on page 1 of this thread and I have highlighted that you need to give 60 days' notice for withdrawals (or take a 60 days' interest penalty for immediate withdrawals)
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/p123 -
Leeds BS increases are from 28th March (not February)Special_Saver2 said:Hi Everybody,
I have changed the following items on page 1 of this thread.- Leeds BS Regular Saver (Issue 37) interest rate increased to 4.2% gross p.a. variable from 28th February
- Coventry BS First Home Saver (Issue 2) paying 4% on up to £1,000 per month for 36 months added to the Homebuyer Accounts section on page 1 of this thread and I have highlighted that you need to give 60 days' notice for withdrawals (or take a 60 days' interest penalty for immediate withdrawals)
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/p14 -
Here is a bit of data about this month’s Nationwide Start to Save Issue 2 Prize Draw:
https://www.nationwidemediacentre.co.uk/news/more-than-900-savers-win-gbp-250-in-nationwides-latest-start-to-save-prize-drawWinners will be notified from 28 February and will have their £250 prize paid directly into their Start to Save (Issue 2) account from 1 March.
https://www.nationwide.co.uk/savings/help/terms/start-to-save-issue-2/Within 30 days of the prize draw:
- we’ll tell you personally whether or not you’ve won and how many winners there are; and
- if you’ve won, we’ll pay the £250 prize into your account.
Hopefully we have some winners in this thread!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.9 -
Not me, I didn't open mine until December.ForumUser7 said:Hopefully we have some winners in this thread!
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Maybe next time! I opened mine in august, have deposited between £25 and £50 each month, and have made no withdrawals so I’m in with a chance. I don’t usually have much luck with these things thoughphillw said:
Not me, I didn't open mine until December.ForumUser7 said:Hopefully we have some winners in this thread!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.0 -
Yorkshire Building Society Christmas Regular Savers to be withdrawn from sale 28/02/2023
Source ~ https://www.express.co.uk/finance/personalfinance/1738592/Yorkshire-building-society-savings-account-top-interest-rates
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.3
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