Regular Savings Accounts: The Best Currently Available List!

Bridlington1

iwblue said:

Is the 5% just Nottingham....I can't see 5% on Saffron? Cheers 

Saffron's 4.25%.

Nick_C

Saffron Regular Saver ISA is 4.25%

Not 5%

Unfortunately

Rich2808

Nick_C said:

Saffron Regular Saver ISA is 4.25%

Not 5%

Unfortunately

They also have different investment limits - up to £2,400 in month 1 for Nottingham and then up to £1,600 per calendar month but you can top it up to £20,000 in March 2024 if you miss any payments. The Saffron BS one is more restrictive as you can pay £1,850 in month 1 and up to £1,650 thereafter per month - but if you miss any payments you cannot top it up to £20k (or by any sum) by year end.

https://www.thenottingham.com/~/media/files/savings/factsheets/starter-isa-issue-11.pdf

https://www.saffronbs.co.uk/savings/cash-isa-savings-accounts/regular-saver-isa

spider42

Word of warning re the Nottingham account, as there seems to be some confusion on their part over whether the interest is fixed or variable.

The webpage for the account says "Annual interest is 5.00% tax-free p.a./AER*. The interest on this account is variable, this means that it can go up or down."

The pdf of the key product information linked to above says "5.00% tax-free p.a./AER fixed until 5th April 2024" at the top, and the "What is the interest rate?" section also says it is fixed until 5/4/24. But then it also says "Can The Nottingham change the interest rate? Your interest rate is variable, which means we may increase or decrease your interest rate."

Descrabled

Nottigham RS ISA

I have had many of these, somewhat in the past, and they have always been fixed rate.  As they are always opened in branch then the applicant must query the position regarding variable rates.  I am not partaking this time as I need to shield as much interest as possible from tax.

I also note that Special_Saver2 specifically asks not to discuss Regular Saver ISAs.

ForumUser7

For the Club Lloyds monthly saver, is it £400 max per calendar month, or per account month please? (I.e. If I opened today, 10th-9th). Thank you

Middle_of_the_Road

ForumUser7 said:

For the Club Lloyds monthly saver, is it £400 max per calendar month, or per account month please? (I.e. If I opened today, 10th-9th). Thank you

I've not checked this but I recently cancelled my standing order, which was on the 20th, to pay in manually earlier in the month. The payment I made last week was accepted, and I think all is well.

Descrabled

Club Lloyds Monthly Saver

You could save £400 on 28th April followed by £400 on 2nd May.

29th, 30th April are weekend. 1st May is May Day Bank Holiday

Wheres_My_Cashback

ForumUser7 said:

For the Club Lloyds monthly saver, is it £400 max per calendar month, or per account month please? (I.e. If I opened today, 10th-9th). Thank you

PCM..........

refluxer

I think all of my Regular Savers are PCM - are there many that work on an account month ?