Regular Savings Accounts: The Best Currently Available List!

Bridlington1

JamesRobinson48 said:

If it's OK, I'll bring the thread topic back to the best available regular savings accounts.

At long last the Darlington BS has shown its hand.  The Regular Monthly Saver account is now 4.00% variable (up from 3.80%).  But interestingly, for now the withdrawn Special Occasion Saver and Green RS accounts are still on 3.80%.

Damn. On Thursday I withdrew most of the money in the Regular Monthly Saver to fund other regular savers, yet didn't withdraw a single penny from the Green RS. As things stand both will be getting emptied next month anyway but still.

Bridlington1

Bridlington1 said:

JamesRobinson48 said:

If it's OK, I'll bring the thread topic back to the best available regular savings accounts.

At long last the Darlington BS has shown its hand.  The Regular Monthly Saver account is now 4.00% variable (up from 3.80%).  But interestingly, for now the withdrawn Special Occasion Saver and Green RS accounts are still on 3.80%.

Damn. On Thursday I withdrew most of the money in the Regular Monthly Saver to fund other regular savers, yet didn't withdraw a single penny from the Green RS. As things stand both will be getting emptied next month anyway but still.

All is not lost. I've just checked and the Darlington BS Regular Monthly Saver is still showing as 3.8% in my online banking so there's still a chance that they will have increased the rates for the withdrawn regular savers as well but they're just not showing in online banking yet. Let's hope that possibility is the case.

ForumUser7

Bridlington1 said:

Bridlington1 said:

JamesRobinson48 said:

If it's OK, I'll bring the thread topic back to the best available regular savings accounts.

At long last the Darlington BS has shown its hand.  The Regular Monthly Saver account is now 4.00% variable (up from 3.80%).  But interestingly, for now the withdrawn Special Occasion Saver and Green RS accounts are still on 3.80%.

Damn. On Thursday I withdrew most of the money in the Regular Monthly Saver to fund other regular savers, yet didn't withdraw a single penny from the Green RS. As things stand both will be getting emptied next month anyway but still.

All is not lost. I've just checked and the Darlington BS Regular Monthly Saver is still showing as 3.8% in my online banking so there's still a chance that they will have increased the rates for the withdrawn regular savers as well but they're just not showing in online banking yet. Let's hope that possibility is the case.

The website (product pages etc.) show 4% for RMS but the closed account section shows 3.8% GRS. I too am keeping my fingers crossed as I hold both, but it seems unlikely they’d update GRS without changing the rate on the website

Special_Saver2

Hi Folks,

I have updated page 1 of this thread.

- Hinckley and Rugby BS Regular Saver 30 Day Notice Account interest rate reduction to 4.25% from 5th May (not 4th May) noted

- Leek BS Regular Saver not changed yet - I will check again next week to see if the interest rate has risen (I can see ForumUser7's post that a CS has told them this will change on 12th May)

- Leeds BS Regular Saver (Issue 40) replaces issue 39 - issue 40 pays slightly less interest (4.2% compared with 4.25% with issue 39) and matures on 30th April 2025

- Darlington BS Regular Monthly Saver interest rate increase to 4% noted (deposits are up to £750 per month, up to a maximum balance of £30,000, account for existing members and locals only)

- Darlington BS Teen Goal Saver and Darlington BS Darly Young Saver restored to the list on page 1 given the interest rate increase to 3.85% (these accounts are for children and can carry on beyond 1 year, for locals and existing members only) 

I will do the next update within the next 2 weeks.

SS2

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For those new to this thread, the first few posts are constantly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

refluxer

Special_Saver2 said:

I have updated page 1 of this thread.

- Leek BS Regular Saver not changed yet - I will check again next week to see if the interest rate has risen (I can see ForumUser7's post that a CS has told them this will change on 12th May)

Yes - the Leek BS Regular Saver 3 account will be increasing from 4.00% to 4.30% on 12th May, as confirmed by the new interest rate document on their website.

Wheres_My_Cashback

Withdrawn Darlington Green and SOS now showing as 4.00% in online banking.

OneUser1

If further confirmation is required, I have checked my Green Regular Saver this morning and it’s showing as 4%.

ForumUser7

@bridlington1 - please work your magic on the Mansfield RS!

OneUser1

My Mansfield eSaver gets 3.75% which isn’t great.

However my Hanley Economic Regular Saver only gets 1.95% while my (withdrawn) Newcastle is barely better at 2%.

I choose to keep these accounts because I am something of a collector. Doesn’t mean I wouldn’t prefer a more competitive rate.

Bridlington1

ForumUser7 said:

@bridlington1 - please work your magic on the Mansfield RS!

I'll see what I can do but beware my magic seems to also send technical systems a bit loopy so it may be wise to use it sparingly.

Wheres_My_Cashback said:

Withdrawn Darlington Green and SOS now showing as 4.00% in online banking.

Wonderful, though it doesn't look like it will be enough in my case.

As things stand with my current collection of regular savers prior to the Darlington announcement I was going to be emptying the 2 Darlington BS regular savers and partially be emptying the Bath BS homestart regular saver at 3.99% on 1st June. 

As there is now only 0.01% difference between Darlington and Bath and Bath haven't hiked rates for about 2-3 months if my memory serves me well, I suspect the Bath BS account is the most likely of those 3 accounts to see another increase in the next month or so so I will probably stick to my original plan of empty Darlington fully and empty Bath partially.

Both of my Darlington regular savers look set to receive deposits into them later this month though given that Lloyds are closing all my accounts in around 2 weeks so I'll have around £6k being released from the 3 remaining LBG regular savers then, £1k of which can visit Darlington for a fortnight before being moved on I think.