Regular Savings Accounts: The Best Currently Available List!

trickydicky14

Wheres_My_Cashback said:

Kazza242 said:

Hinckley & Rugby BS will be increasing the interest rate paid on their 30 Day Notice Regular Saver, from 4.25% to 4.50% w.e.f 9th June 2023.

See https://www.hrbs.co.uk/wp-content/uploads/2023/05/Interest-rates-notice-9-June-23-Future-notice-web.pdf

So they reduced from 4.50% to 4,25% on 5th May and probably had a number of account closures and now back to 4.50% on 9th June. The mind boggles !

What a shower, I've just closed mine, got the cheque two days ago. Still not bothered, currently not entertaining anything under 5%. Lot's around much better than H&R.

ForumUser7

Wheres_My_Cashback said:

Kazza242 said:

Hinckley & Rugby BS will be increasing the interest rate paid on their 30 Day Notice Regular Saver, from 4.25% to 4.50% w.e.f 9th June 2023.

See https://www.hrbs.co.uk/wp-content/uploads/2023/05/Interest-rates-notice-9-June-23-Future-notice-web.pdf

So they reduced from 4.50% to 4,25% on 5th May and probably had a number of account closures and now back to 4.50% on 9th June. The mind boggles !

From 4.75% to 4.25% then to 4.50% I think

Edited: To include rate notice effective 09/06/2023

dcs34

Kazza242 said:

Hinckley & Rugby BS will be increasing the interest rate paid on their 30 Day Notice Regular Saver, from 4.25% to 4.50% w.e.f 9th June 2023.

See https://www.hrbs.co.uk/wp-content/uploads/2023/05/Interest-rates-notice-9-June-23-Future-notice-web.pdf

Just after loads of customers will have emptied their accounts from the rate decrease and reset the account balances H&R have to pay interest on!

Still, as a HRT I've decided to simplify my regular saver madness and only keep accounts at 5.5% or better (on the basis the 3.3% tax-free offered by PBs is less hassle to maintain). So I can stay on the moral high-ground from my account closure flouncing!

Wheres_My_Cashback

ForumUser7 said:

Wheres_My_Cashback said:

Kazza242 said:

Hinckley & Rugby BS will be increasing the interest rate paid on their 30 Day Notice Regular Saver, from 4.25% to 4.50% w.e.f 9th June 2023.

See https://www.hrbs.co.uk/wp-content/uploads/2023/05/Interest-rates-notice-9-June-23-Future-notice-web.pdf

So they reduced from 4.50% to 4,25% on 5th May and probably had a number of account closures and now back to 4.50% on 9th June. The mind boggles !

From 4.75% to 4.25% then to 4.50% I think

Yep, you're right, it was indeed 4.75%

allegro120

ForumUser7 said:

Wheres_My_Cashback said:

Kazza242 said:

Hinckley & Rugby BS will be increasing the interest rate paid on their 30 Day Notice Regular Saver, from 4.25% to 4.50% w.e.f 9th June 2023.

See https://www.hrbs.co.uk/wp-content/uploads/2023/05/Interest-rates-notice-9-June-23-Future-notice-web.pdf

So they reduced from 4.50% to 4,25% on 5th May and probably had a number of account closures and now back to 4.50% on 9th June. The mind boggles !

From 4.75% to 4.25% then to 4.50% I think

Very hectic behaviour for a BS I won't be returning for 4.50%, especially for something that requires writing letters and involves receiving and cashing cheques instead of a normal bank transfer.  Also 4.5% is now below my threshold for RS accounts. I still have BoS and Lloyds at that rate maturing in Oct/Nov, but won't get involved in any new offers at less than 4.75% at this stage.

subjecttocontract

Initially I decided to only open regular savers that were 4.5% or better. I've got 17 now but only 5 are below 5%.
H & R at 4.5% can easily be bettered.

Kazza242

I kept my H&R Regular saver open when they reduced the rate to 4.25% in early May, as I felt it was still a good rate and I already have most of the other regular savers paying more.

I am taking advantage of these higher savings rates while they are available.  I think that once inflation falls sufficiently, the Bank of England will be wanting to reduce the base rate.  When that happens it will be difficult to get these savings rates.

Just something to bear in mind.  

ForumUser7

Kazza242 said:

I kept my H&R Regular saver open when they reduced the rate to 4.25% in early May, as I felt it was still a good rate and I already have most of the other regular savers paying more.

I am taking advantage of these higher savings rates while they are available.  I think that once inflation falls sufficiently, the Bank of England will be wanting to reduce the base rate.  When that happens it will be difficult to get these savings rates.

Just something to bear in mind.  

I agree, I'm keeping regular saver accounts with fixed rates open, even if the rates are low. I have a couple of 4% fixed, which I can now get with EA - but I'm keeping those open. Unfortunately they don't allow withdrawals, only penalty free closure.

I have a few between 3 and 4 which fortunately I only had the minimum balance in, so I'm keeping those open too.

Hopefully rates increase further, but I want to cover myself in case they drop again.

IanManc

My lowest paying one is a Leeds Regular Saver on which the rate is due to increase to 4.5% from June 1st. The others which I have are the RBS Digital Regular Saver, the Nationwide Start to Save, a Halifax Regular Saver and the Principality Christmas 2023 Bond, all of which pay at least 5%. 

I wouldn't open one paying less than 5% now. I'm still paying the maximum of £250 a month into the Leeds one, as it allows closure at any time without penalty, so I'm regarding it as a source of instant access funds if I was to need the money at short notice.

OceanSound

subjecttocontract said:

Initially I decided to only open regular savers that were 4.5% or better. I've got 17 now but only 5 are below 5%.
H & R at 4.5% can easily be bettered.

 Any chance of the 17?

I've only the Club Lloyd's Monthly saver, Nationwide continue to save (only £50 per month - kept it for the prize draw mainly)

Couple of days ago opened First Direct Regular Saver. I'm thinking of expanding my regular saver portfolio.