Regular Savings Accounts: The Best Currently Available List!

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. 

badger09

Vortigern said:

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. 

Doesn't really matter though as its instant access