Regular Savings Accounts: The Best Currently Available List!

subjecttocontract

t1redmonkey said:

Bridlington1 said:

Bath BS are increasing their savings rates on 1st June

Wish I was aged 16-25 again so I could get that RS

Would it count if parts of me was 16-25 ?
I have some dental implants & a stainless steel pin in me leg which qualify ? Is it worth a try ?

Bridlington1

subjecttocontract said:

t1redmonkey said:

Bridlington1 said:

Bath BS are increasing their savings rates on 1st June

Wish I was aged 16-25 again so I could get that RS

Would it count if parts of me was 16-25 ?
I have some dental implants & a stainless steel pin in me leg which qualify ? Is it worth a try ?

I suspect you'd have to fight tooth and nail to get away with that one.

where_are_we

Old existing Santander Monthly Saver customers don`t forget to reduce your balance to 0 before using "chat" to close it and upgrade. I had £1 in it. "chat" will then ask which account to transfer closing interest too.

ForumUser7

Moneyfacts is showing:

Loughborough BS new Limited Access Monthly Saver at 3.75% (no increase to the current RS showing yet)
Principality BS Various RS variable rates increasing. No fixed rate increase showing yet.

My First Home Steps Issue 2 for example: 3.55% paid at £1, 3.75% paid at £2501, 4.25% paid at £7501

Confirmed online, additionally Learner Earner Issue 3 NLA from 3.85% to 4%

Bridlington1

ForumUser7 said:

Moneyfacts is showing:

Loughborough BS new Limited Access Monthly Saver at 3.75% (no increase to the current RS showing yet)

Now showing on their website:

I'm in two minds whether to go for this one. At present it's too low a rate to warrant funding it fully and Loughborough do deem to have a habit of not increasing the interest rate on their monthly savers much if ever so I doubt it will become competitive any time soon. On the other hand it requires a minimum monthly deposit of £1 so I would suffer a very low interest hit if I did open it with the minimum funding and the rate is variable so there is a small chance it could become competitive in the future.

Wheres_My_Cashback

Principality FHS 1 & 2 Online - Rate increases confirmed in online banking

Tier	Balance	Gross interest rate
Tier 1	£1.00 - £2,500.00	3.55% (Variable)
Tier 2	£2,500.01 - £7,500.00	3.75% (Variable)
Tier 3	£7,500.01 - £25,000.00	4.25% (Variable)

ForumUser7

Bridlington1 said:

ForumUser7 said:

Moneyfacts is showing:

Loughborough BS new Limited Access Monthly Saver at 3.75% (no increase to the current RS showing yet)

Now showing on their website:

I'm in two minds whether to go for this one. At present it's too low a rate to warrant funding it fully and Loughborough do deem to have a habit of not increasing the interest rate on their monthly savers much if ever so I doubt it will become competitive any time soon. On the other hand it requires a minimum monthly deposit of £1 so I would suffer a very low interest hit if I did open it with the minimum funding and the rate is variable so there is a small chance it could become competitive in the future.

The main reason I won’t be opening it is balances cannot even be viewed online. That said, Loughborough BS has recently partnered with a company to help with what seems like digital banking development: https://www.fintechfutures.com/2023/05/loughborough-building-society-taps-finastra-for-digital-banking-and-analytics-solutions/

ForumUser7

Not TOTP but for those with it for DD purposes, Ecology Regular Saver -> 3.30% from 3.05% effective 19/05/2023

Bridlington1

ForumUser7 said:

Bridlington1 said:

ForumUser7 said:

Moneyfacts is showing:

Loughborough BS new Limited Access Monthly Saver at 3.75% (no increase to the current RS showing yet)

Now showing on their website:

I'm in two minds whether to go for this one. At present it's too low a rate to warrant funding it fully and Loughborough do deem to have a habit of not increasing the interest rate on their monthly savers much if ever so I doubt it will become competitive any time soon. On the other hand it requires a minimum monthly deposit of £1 so I would suffer a very low interest hit if I did open it with the minimum funding and the rate is variable so there is a small chance it could become competitive in the future.

The main reason I won’t be opening it is balances cannot even be viewed online. That said, Loughborough BS has recently partnered with a company to help with what seems like digital banking development: https://www.fintechfutures.com/2023/05/loughborough-building-society-taps-finastra-for-digital-banking-and-analytics-solutions/

For me a lack of online banking doesn't bother me much at all. The thing that puts me off is their habit of not putting their interest rates up. I opened their EA monthly saver at 2.5% last summer and the interest rate never budged since and so consequently the account has stayed at a £10 balance since October.

What I may do is leave it until the one year anniversary of my opening the previous regular saver (the time the interest is credited to it) and if this regular saver is still available then I'll send my passbook for the old regular saver along with the application form plus cheque for the new one and ask for the balance on the old account to be reduced back to £10.

Bridlington1

ForumUser7 said:

Not TOTP but for those with it for DD purposes, Ecology Regular Saver -> 3.30% from 3.05% effective 19/05/2023

If this is all Ecology can come up with I'm glad I axed it a few weeks ago to be honest.