Regular Savings Accounts: The Best Currently Available List!

vernall

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. 

My Santander Reg Saver is due to mature on Saturday at 3% and would of automatically renewed at the already dropped rate of 1.5% as the SO was ongoing. They have now dropped it again to 0.75%. Let’s just say I have now cancelled my SO lol 

eddie7612

vernall said:

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. 

My Santander Reg Saver is due to mature on Saturday at 3% and would of automatically renewed at the already dropped rate of 1.5% as the SO was ongoing. They have now dropped it again to 0.75%. Let’s just say I have now cancelled my SO lol 

You do sometimes get the old rate when these renew (I think you're locked into the rate when the renewal letter is sent out 2 weeks prior to maturity), so you may get lucky and get the 1.5% rate after maturity. 

Shows how things have changed when we're excited about 1.5%!

Stubod

...we have just closed 4 Santander accounts and "re energised" / upgraded our Lloyds accounts to Club + opened both of their current monthly saver. Although all of our 6 Lloyds accounts combined will only hold a bit more than one Santander 123 account after 12 months so it still feels like we are fighting over scraps at the mo. 

Not sure whether to convert my one remaining Santander 123 to a "lite" account as I can't get my head around the interest v cost. ie either leave 20k in Santander, pay the £5 fee and get cashback, or pack it in and transfer the bulk to a Marcus account paying (currently 1.2%?)...probably seems like a better deal particularly as no DD's to worry about anymore...(I do need to maintain 1 separate current account to use as a feeder account for Lloyds)...answers on a post card.....

 

SFindlay

Stubod said:

Not sure whether to convert my one remaining Santander 123 to a "lite" account as I can't get my head around the interest v cost. ie either leave 20k in Santander, pay the £5 fee and get cashback, or pack it in and transfer the bulk to a Marcus account paying (currently 1.2%?)...probably seems like a better deal particularly as no DD's to worry about anymore...(I do need to maintain 1 separate current account to use as a feeder account for Lloyds)...answers on a post card.....

 

Put the 20K in Marcus, convert 123 to a lite and pay £1 to get all the same cashback as you've been getting!! 

Stubod

SFindlay said:

Put the 20K in Marcus, convert 123 to a lite and pay £1 to get all the same cashback as you've been getting!! 

...sounds like a plan, think I will do that...many thanks

vernall

eddie7612 said:

vernall said:

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. 

My Santander Reg Saver is due to mature on Saturday at 3% and would of automatically renewed at the already dropped rate of 1.5% as the SO was ongoing. They have now dropped it again to 0.75%. Let’s just say I have now cancelled my SO lol 

You do sometimes get the old rate when these renew (I think you're locked into the rate when the renewal letter is sent out 2 weeks prior to maturity), so you may get lucky and get the 1.5% rate after maturity. 

Shows how things have changed when we're excited about 1.5%!

SO reinstated just in case lol...thanks

colsten

SFindlay said:

Put the 20K in Marcus, convert 123 to a lite and pay £1 to get all the same cashback as you've been getting!! 

It isn't quite that simple, is it, as you need to have enough money in the Lite to pay your DDs. Anyway, we're in the Regular Saver thread and off-topic 

Eco_Miser

karlie88 said:

Has anyone funded a Club Lloyds Monthly Saver and/or Lloyds Monthly Saver solely via manual internal transfers (not SOs) for a whole year? If so, did you get the correct interest?
I recall some people doing the 1st payment via internal transfer because it prompts you to do so once the new monthly saver is open, followed by 11 x SOs. Correct interest applied (I think). Was just wondering if anyone did 12 x manual transfers successfully?
I think I could 'gain' 8 days worth of interest if I did manual £400/£250 payments over the next 12 months. I know the gains would be very small, but I check all my accounts on the 1st anyway and with mobile banking it will take seconds.
For reference, I'm aware of the terms and payments in via SO. But I do like a bit of trial and error. If no one's done it then I'm happy to experiment as always.

I haven't done it.  However I did notice that the current T&Cs for the Lloyds Monthly Saver don't specify that the payments must be by SO, but either by SO or by transfer from a Lloyds current account, so there's no reason your plan wouldn't work.

Jibeddy

typistretired said:

I have been with Principality BS for a long time. Well before regular savers became popular as they offered such great rates. If you try to apply for a second Issue 22 for instance they will reject your application. But if you have issues 19, 20, 21 and the Xmas one only they will let you open. As long as it is a different issue is the criteria 

liamcov said:

I've just opened one and my 3 accounts now showing within internet banking, happy days!

Great, just about to open another one. Thanks!

abz88

I can't see this being mentioned yet, but another to add to the Best Feeder Accounts is the Virgin Current Account which has no minimum pay in requirements, no DD or SS requirements and now paying 2% on the first £1000. You can have two, one personal and one joint.