Regular Savings Accounts: The Best Currently Available List!

Bridlington1

ForumUser7 said:

Thank you @Kazza242

Beverley Building Society is increasing the rate on their monthly saver from 25th of April according to the 'our rates' section of their page. The new rate has not been decided yet. https://beverleybs.co.uk/savings/savings-rates/

Interest rate will be:
3% no bonus
3.5% with bonus

Source: a very nice lady at the Beverley branch

Whilst I'm here I can't see it mentioned anywhere so Principality FHS new interest rates are as follows:
£1-£2.5k pays 3.4%
£2501-£7.5k pays 3.6%
£7501+ pays 4.1%

Dietofsoup

ForumUser7 said:

Some Principality rates may be increasing today. My learner earner issue 3 now shows as 3.85% on the online portal area, but it was 3.70% before. N.B. The main website hasn't been updated yet, and maintenance is ongoing online so you may keep getting logged off.

Hoping the First Home Saver Online Issue 2 (and other issues) rate will be increasing, but not sure as haven't been able to scroll down that far before I get logged off!

EDIT:

First Home Steps Account Online Issue 2

£1.00 - £2,500.00 3.40% AER Variable
£2500.01 - £7500.00 3.60% AER Variable
£7500.01 - £25000.00 4.10% AER Variable

The Original Thank You Saver has gone from 3.7 to 3.85

The Christmas Regular Saver Bond 2023 remains the same at 5% as does the Regular Saver Bond 32 at 4.5%

ForumUser7

Dietofsoup said:

ForumUser7 said:

Some Principality rates may be increasing today. My learner earner issue 3 now shows as 3.85% on the online portal area, but it was 3.70% before. N.B. The main website hasn't been updated yet, and maintenance is ongoing online so you may keep getting logged off.

Hoping the First Home Saver Online Issue 2 (and other issues) rate will be increasing, but not sure as haven't been able to scroll down that far before I get logged off!

EDIT:

First Home Steps Account Online Issue 2

£1.00 - £2,500.00 3.40% AER Variable
£2500.01 - £7500.00 3.60% AER Variable
£7500.01 - £25000.00 4.10% AER Variable

The Christmas Regular Saver Bond 2023 remains the same at 5% as does the Regular Saver Bond 32 at 4.5%

The 2 bonds you’ve mentioned are fixed rates, so should remain the same rate throughout the term.

Dietofsoup

ForumUser7 said:

Dietofsoup said:

ForumUser7 said:

Some Principality rates may be increasing today. My learner earner issue 3 now shows as 3.85% on the online portal area, but it was 3.70% before. N.B. The main website hasn't been updated yet, and maintenance is ongoing online so you may keep getting logged off.

Hoping the First Home Saver Online Issue 2 (and other issues) rate will be increasing, but not sure as haven't been able to scroll down that far before I get logged off!

EDIT:

First Home Steps Account Online Issue 2

£1.00 - £2,500.00 3.40% AER Variable
£2500.01 - £7500.00 3.60% AER Variable
£7500.01 - £25000.00 4.10% AER Variable

The Christmas Regular Saver Bond 2023 remains the same at 5% as does the Regular Saver Bond 32 at 4.5%

The 2 bonds you’ve mentioned are fixed rates, so should remain the same rate throughout the term.

'Fixed rate RS' have been known to go up too.

I've a number which have done this in the last year from other institutions.

Hence why I mentioned these along with the increased Thank You product.

ForumUser7

Dietofsoup said:

ForumUser7 said:

Dietofsoup said:

ForumUser7 said:

Some Principality rates may be increasing today. My learner earner issue 3 now shows as 3.85% on the online portal area, but it was 3.70% before. N.B. The main website hasn't been updated yet, and maintenance is ongoing online so you may keep getting logged off.

Hoping the First Home Saver Online Issue 2 (and other issues) rate will be increasing, but not sure as haven't been able to scroll down that far before I get logged off!

EDIT:

First Home Steps Account Online Issue 2

£1.00 - £2,500.00 3.40% AER Variable
£2500.01 - £7500.00 3.60% AER Variable
£7500.01 - £25000.00 4.10% AER Variable

The Christmas Regular Saver Bond 2023 remains the same at 5% as does the Regular Saver Bond 32 at 4.5%

The 2 bonds you’ve mentioned are fixed rates, so should remain the same rate throughout the term.

'Fixed rate RS' have been known to go up too.

I've a number which have done this in the last year from other institutions.

Hence why I mentioned these along with the increased Thank You product.

Is this the HSBC/First Direct that you’re referencing? If so I get where you’re coming from, they really created a grey area IMO. 

Standard terms for a fixed rate are that they can’t change it on the product mid-term:

That said, I’m interested to know if any other providers have done this recently, and upgraded the fixed rate on an existing issue of an existing product? I’ve had products where new higher rate issues I could apply for have been released, but I didn’t have HSBC/FD until last week, and I’ve not had any other fixed rate RSs where the rate changed mid-term. I only started with these in mid 2022, so this may have happened before then - I don’t know

ForumUser7

According to Moneyfacts, Principality’s children’s range is getting revamped.

They appear to be removing the Dylan’s Regular Saver Bond, and the Learner Earner and replacing with the Dylan Young Saver and Gift Saver.

DYS:

• 3.25% AER
• Max balance £20,000 - Max monthly £150
• Unlimited withdrawals
• Max application age 15, reverts to instant access when child turns 16

GS:

• 3.85% AER
• Max balance £20,000 - Max monthly £150
• 3 withdrawals per calendar year
• Max application age 17, reverts to instant access when child turns 18

Both branch applications only.

With their previous learner earner, as long as the child was under 18 when it was opened, they could hold it for the rest of their lives if they wished.

With the previous Dylan’s regular saver bond, as long as the child was under 18 when it was opened, they could hold it for the full fixed term of 3 years

ForumUser7

JamesRobinson48 said:

ForumUser7 said:

Is this the HSBC/First Direct that you’re referencing? If so I get where you’re coming from, they really created a grey area IMO. 

Standard terms for a fixed rate are that they can’t change it on the product mid-term:

That said, I’m interested to know if any other providers have done this recently, and upgraded the fixed rate on an existing issue of an existing product? I’ve had products where new higher rate issues I could apply for have been released, but I didn’t have HSBC/FD until last week, and I’ve not had any other fixed rate RSs where the rate changed mid-term. I only started with these in mid 2022, so this may have happened before then - I don’t know

Several years ago, Virgin Money increased the interest rate on all of its various 'fixed rate' RS issues that were then in flight.  Longstanding RS enthusiasts following this thread would surely remember that:  at the time it seemed quite unprecedented.

Thanks for explaining this @jamesrobinson48 - sounds like that will have been way before my experimentation with regular savers.

It’s certainly a nice gesture when providers do this, but I’ve never seen HSBC/FD (or VM) explain how their terms permit them to do it for a fixed rate. Does anyone know how/if they have some clause that permits it please? I did look through the HSBC booklets when they did it, but I couldn’t find anything.

I guess as long as they offered an opt out for those it would negatively affect (some benefits, pensions, tax-free allowance I think, but not sure?), then they can probably do it because it seems unlikely the regulator would say they weren’t fair or reasonable to their customers

Ed-1

ForumUser7 said:

Some Principality rates may be increasing today. My learner earner issue 3 now shows as 3.85% on the online portal area, but it was 3.70% before. N.B. The main website hasn't been updated yet, and maintenance is ongoing online so you may keep getting logged off.

Hoping the First Home Saver Online Issue 2 (and other issues) rate will be increasing, but not sure as haven't been able to scroll down that far before I get logged off!

EDIT:

First Home Steps Account Online Issue 2

£1.00 - £2,500.00 3.40% AER Variable
£2500.01 - £7500.00 3.60% AER Variable
£7500.01 - £25000.00 4.10% AER Variable

Any news on Learner Earner Issue 1 or 2?

ForumUser7

Ed-1 said:

ForumUser7 said:

Some Principality rates may be increasing today. My learner earner issue 3 now shows as 3.85% on the online portal area, but it was 3.70% before. N.B. The main website hasn't been updated yet, and maintenance is ongoing online so you may keep getting logged off.

Hoping the First Home Saver Online Issue 2 (and other issues) rate will be increasing, but not sure as haven't been able to scroll down that far before I get logged off!

EDIT:

First Home Steps Account Online Issue 2

£1.00 - £2,500.00 3.40% AER Variable
£2500.01 - £7500.00 3.60% AER Variable
£7500.01 - £25000.00 4.10% AER Variable

Any news on Learner Earner Issue 1 or 2?

Sorry, I don't hold those issues. IIRC they are currently ~5.15%, but Principality hasn't updated their rates booklet on the website for today's increases, so I don't know if they've gone up. If you've got online access, log on and click interest rate - it should show you. If not, maybe send them a message on twitter or give them a call.

Ed-1

ForumUser7 said:

Ed-1 said:

ForumUser7 said:

Some Principality rates may be increasing today. My learner earner issue 3 now shows as 3.85% on the online portal area, but it was 3.70% before. N.B. The main website hasn't been updated yet, and maintenance is ongoing online so you may keep getting logged off.

Hoping the First Home Saver Online Issue 2 (and other issues) rate will be increasing, but not sure as haven't been able to scroll down that far before I get logged off!

EDIT:

First Home Steps Account Online Issue 2

£1.00 - £2,500.00 3.40% AER Variable
£2500.01 - £7500.00 3.60% AER Variable
£7500.01 - £25000.00 4.10% AER Variable

Any news on Learner Earner Issue 1 or 2?

Sorry, I don't hold those issues. IIRC they are currently ~5.15%, but Principality hasn't updated their rates booklet on the website for today's increases, so I don't know if they've gone up. If you've got online access, log on and click interest rate - it should show you. If not, maybe send them a message on twitter or give them a call.

I do have online access but don't log in frequently so had to reset everything and now have to wait for a code in the post. I might ring them to check the rate if no-one here knows.