Regular Savings Accounts: The Best Currently Available List!

colsten

ColdIron said:

It states that the maximum balance is £3,000. The ones that do allow 13 payments work on a calendar month basis and do not state a maximum balance

• Minimum balance is £20, maximum balance is £3,000.

https://www.principality.co.uk/en/savings-accounts/fixed-term-savings-and-bonds/1-year-regular-saver-bond

I could list a whole bunch of T&Cs that aren't enforced.........but I won't.

I don't know whether Principality enforce their T&Cs.

typistretired

crumpet_man said:

abz88 said:

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.

Where does it state you can have one sole and one joint?  I can't find that info.  

The question you should be asking is where does it say I can’t have a sole account, a joint account and my joint account partner their own sole current account.

Yorkshire_Pud

typistretired said:

crumpet_man said:

abz88 said:

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.

Where does it state you can have one sole and one joint?  I can't find that info.  

The question you should be asking is where does it say I can’t have a sole account, a joint account and my joint account partner their own sole current account.

Correct response and an excellent tongue twister.

glider3560

Can we please keep the discussion about regular saver accounts?  There are other threads to discuss the Virgin Money Current Account.

Special_Saver2

Hi Everybody,

Here is this weekend's update to this thread.

- Dudley BS Society Anniversary Saver added to the list as it now looks quite good - paying 1.6% (not changed when Dudley BS last updated their interest rates on 15th April 2020) on up to £600 per month for 1 year, available to anybody aged over 21 years old in the UK (presumably they mean from aged 21 onwards as there is a separate regular saver for people aged 16-20)
- Principality BS First Home Steps Savings Account paying 1 to 1.8% depending on your account balance added to post 8 (homebuyers regular savings account post)
- Monmouthshire BS Saver Plus (Issue 3) and Christmas Saver accounts added to post 3 (accounts with more than 1 year to run) because although they will soon only be paying 1.2% p.a., this includes a 1% fixed bonus; you can pay in up to £1,000 per month in each account
- Santander Regular Saver removed from page 1 as the new version only pays 0.75% p.a. interest
- For the feeder account section, I have edited the beginning of the post to note that I will now only allow accounts that pay 1% or more interest (as well as being able to set up standing orders)
- Removed Santander 123 account from the feeder account section as the interest rate is dropping to 0.6%
- Removed Al-Rayan account from the feeder account section as the interest rate is below 1% and they are not allowing new standing orders to be set up
- Added Virgin Money current account to the feeder account section, paying 2.02% AER on up to £1,000
- Dudley BS Loyalty Regular Saver (Issue 3) account conditions details updated to say that you must have held an account with them prior to 1st November 2018 to open this account

I will do the next update next weekend.

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

wiseonesomeofthetime

Special_Saver2 said:

Hi Everybody,

Here is this weekend's update to this thread.

- Dudley BS Society Anniversary Saver added to the list as it now looks quite good - paying 1.6% (not changed when Dudley BS last updated their interest rates on 15th April 2020) on up to £600 per month for 1 year, available to anybody aged over 21 years old in the UK (presumably they mean from aged 21 onwards as there is a separate regular saver for people aged 16-20)
...

SS2

Hi, isn't this the one that requires you to have held an account with them in Nov 2018 as a pre-requisite?

lhsecons

No it’s not. This one is open to everyone. You are confusing it with their loyalty regular saver.

abz88

crumpet_man said:

Tell abz88, they started the thread hijack.

How did I start a thread hijack? I pointed out that there is a new feeder account to add and the details, that was it. That's the point of this thread, to highlight new accounts available so that they can be updated on the front page.

crumpet_man

I would argue that an account with a £1k limit is not a good feeder account.  It will be getting emptied often and as this is the highest rate available on a current account you will be topping it up immediately from another account so may as well have that other account as the feeder.
But I see that it has been added to the list of feeder accounts and I apologise for all my off topic posts and finger pointing.

liamcov

crumpet_man said:

I would argue that an account with a £1k limit is not a good feeder account.  It will be getting emptied often and as this is the highest rate available on a current account you will be topping it up immediately from another account so may as well have that other account as the feeder.
But I see that it has been added to the list of feeder accounts and I apologise for all my off topic posts and finger pointing.

I agree it isn't really a 'feeder account' (well that's not how I'll be using it at least)... maybe we could add a new list at [10] for high (lol) interest paying accounts