Regular Savings Accounts: The Best Currently Available List!

t1redmonkey

Hope we see some more Regular Saver rate rises now, it's been quiet on the Regular Saver front for a while!  Or maybe even a new bank/BS will launch a new one with a decent rate

ForumUser7

Coventry BS effective 1st June

First Home Saver I1 -> 5.10%
FHS I2 -> 4.40%

RS I5 -> 4.40%

https://www.coventrybuildingsociety.co.uk/content/dam/cbs/member/pdfs/savings/rate-change-notice-savings.pdf

Wheres_My_Cashback

t1redmonkey said:

Hope we see some more Regular Saver rate rises now, it's been quiet on the Regular Saver front for a while!  Or maybe even a new bank/BS will launch a new one with a decent rate

I'd anticipate Principality launching RS Iss 33 at 4.75% within the net week.

pookey

ForumUser7 said:

YBS

Good news for variable rate savings accounts

In response we will be increasing our rates on all of our savings accounts by 0.25% on Wednesday 17 May 2023. 

You can find your new interest rate here.

Loyalty ReS -> 5.5% Christmas 2023 RS -> 5%

Thank you for this update. I managed to open the branch loyalty isa this week and it's even more better with the new rate increase 😊

allegro120

pookey said:

ForumUser7 said:

YBS

Good news for variable rate savings accounts

In response we will be increasing our rates on all of our savings accounts by 0.25% on Wednesday 17 May 2023. 

You can find your new interest rate here.

Loyalty ReS -> 5.5% Christmas 2023 RS -> 5%

Thank you for this update. I managed to open the branch loyalty isa this week and it's even more better with the new rate increase 😊

I've opened it, but several days later Coventry offered a better deal at 4.40% (fixed for 1 year) so I went for Coventry instead.  You never know what"s coming next, but it is good to be 'loyal' to building societies

happybagger

The first change by Earl Shilton BS to their rates since 14 November last year, results in a poor increase of 0.40% in their Regular Saver:

New rate from 1 June 2023: 3.70%

source

happybagger

And Loughborough BS have made changes to their rates effective today - but yet again the Regular Saver has not budged.

This was launched last summer and has never moved. Still stuck at 2.5%

source

Special_Saver2

Hi Everybody,

I have updated page 1 of this thread.

- Leek BS Regular Saver interest rate updated to 4.3% gross p.a. variable from 12th May 2023

- Coventry BS Regular Saver (Issue 5) interest rate updated to 4.4% gross p.a. variable from 1st June 2023

- Coventry BS First Home Saver (Issue 2) interest rate updated to 4.4% gross p.a. variable from 1st June 2023

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

ForumUser7

To those who have a large RS portfolio, how have you found the Coventry RS 5 please? Does it tend to keep up with the others? Is it usually mid market? Does it ever get that far left behind?

I’m considering opening it to get some more EA funds into RSs, but I’m a bit wary due to the potential 30 day interest penalty upon withdrawal. I’m currently funding RSs paying as low as 4%, but that feels less risky because they allow limited withdrawals, or penalty free closure.

I’m wondering about opening it 1st June, to get the account month to correlate with a calendar month, but I don’t want it to be withdrawn before of course.

Thanks!

Bridlington1

ForumUser7 said:

To those who have a large RS portfolio, how have you found the Coventry RS 5 please? Does it tend to keep up with the others? Is it usually mid market? Does it ever get that far left behind?

I’m considering opening it to get some more EA funds into RSs, but I’m a bit wary due to the potential 30 day interest penalty upon withdrawal. I’m currently funding RSs paying as low as 4%, but that feels less risky because they allow limited withdrawals, or penalty free closure.

I’m wondering about opening it 1st June, to get the account month to correlate with a calendar month, but I don’t want it to be withdrawn before of course.

Thanks!

I've found it generally keeps up with the rest, though I can't remember it ever being market leading. It once lagged behind for a month or so (October/November 2022 IIRC) but not by a massive amount and it soon shot up again.

Therefore I'd say open it. If it lags behind you can always skip months if need be.