Regular Savings Accounts: The Best Currently Available List!

Newly_retired

I can’t see why anyone would sign up for a Santander RS at 0.75%. I still have a 123 current account now paying 1%, though as it costs me £5 a month, I am going to change it to a lite version. I have got 8 RS, none of which is under 2%, while they last.

trickydicky14

Club Lloyds regular saver 2.5%

Just been looking on Lloyds website as my 2.5% saver is due to mature in two weeks.

Tell me, have I been asleep, is it correct that if you have this account you can’t renew it for a year once it matures?

I have just setup a 2% regular saver with them but loosing the 2.5% £400 a month saver is just too much to take.

10_66

trickydicky14 said:

Club Lloyds regular saver 2.5%

...Tell me, have I been asleep, is it correct that if you have this account you can’t renew it for a year once it matures?...

From memory, I think it's if you cancel the regular saver mid-term (ie rather than letting it mature) that you can't open another one for a year.

SFindlay

trickydicky14 said:

Club Lloyds regular saver 2.5%

Just been looking on Lloyds website as my 2.5% saver is due to mature in two weeks.

Tell me, have I been asleep, is it correct that if you have this account you can’t renew it for a year once it matures?

I have just setup a 2% regular saver with them but loosing the 2.5% £400 a month saver is just too much to take.

Don't really understand what you're getting at?? 
Once matured you can open a new Club Lloyd's regular saver and start again with £400 per month if that's what you're asking? 

Wheres_My_Cashback

trickydicky14 said:

Club Lloyds regular saver 2.5%

Just been looking on Lloyds website as my 2.5% saver is due to mature in two weeks.

Tell me, have I been asleep, is it correct that if you have this account you can’t renew it for a year once it matures?

I have just setup a 2% regular saver with them but loosing the 2.5% £400 a month saver is just too much to take.

Mature, transfer funds out, close account. 
Open new one, fund immediately
All done within 60-120 seconds online.

typistretired

As soon as the regular saver  has matured and transferred into an easy saver with the interest you can open a new regular saver transfer £400 from the easy saver and set up a standing order for 1st of next month they allow 13 payments so £5200 will be in the account when it matures. Here’s hoping they keep the rate at 2.50%.

colsten

Updates for the Feeder accounts post:

- Al Rayan does no longer allow new SOs to be set up. 

- Santander 123 interest reduces to 0.6% from August 3 2020

SuperHans1

typistretired said:

As soon as the regular saver  has matured and transferred into an easy saver with the interest you can open a new regular saver transfer £400 from the easy saver and set up a standing order for 1st of next month they allow 13 payments so £5200 will be in the account when it matures. Here’s hoping they keep the rate at 2.50%.

Presumably the Lloyds Monthly Saver allows a 13th payment as well? Are there any other accounts that allow a sneaky 13th payment for a 12 month Regular Saver? There is a link from page 1 to another forum on this subject but this is from 12 years ago.

liamcov

SuperHans1 said:

typistretired said:

As soon as the regular saver  has matured and transferred into an easy saver with the interest you can open a new regular saver transfer £400 from the easy saver and set up a standing order for 1st of next month they allow 13 payments so £5200 will be in the account when it matures. Here’s hoping they keep the rate at 2.50%.

Presumably the Lloyds Monthly Saver allows a 13th payment as well? Are there any other accounts that allow a sneaky 13th payment for a 12 month Regular Saver? There is a link from page 1 to another forum on this subject but this is from 12 years ago.

I think unless an account specifically refers to x payments or a max of £x in the account, I always do a 13th if it's worth it (eg. account matures on 15th, do a 13th payment on 1st; but not if matures on 5th)

Vortigern

Newly_retired said:

I can’t see why anyone would sign up for a Santander RS at 0.75%

Santander regular Savers will automatically renew if there is no end date on the SO. 

So some people may unwittingly renew at this rate.