Regular Savings Accounts: The Best Currently Available List!

financialbliss

Skipton member regular saver @ 7.50 - I've just managed to open the account via the desktop logon (rather than the app) - just needs funding now!

simonsmithsays

Bridlington1 said:

10_66 said:

Bridlington1 said:

Saffron are launching a members regular saver at 9% for those who have held a Saffron account since 1/6/22...

I wonder if this will be like their Small Saver, in that you can't have this if you have one of their 12 month Members Regular Saver (with the exception of the Regular Saver ISA).

I've just spoken to them. You can hold both simultaneously.

Saffron

£50 per month max but application suggests can deposit £500 initially

Probably just a bug 

Section62

simonsmithsays said:

Bridlington1 said:

10_66 said:

Bridlington1 said:

Saffron are launching a members regular saver at 9% for those who have held a Saffron account since 1/6/22...

I wonder if this will be like their Small Saver, in that you can't have this if you have one of their 12 month Members Regular Saver (with the exception of the Regular Saver ISA).

I've just spoken to them. You can hold both simultaneously.

Saffron

£50 per month max but application suggests can deposit £500 initially

Probably just a bug 

I was invited to make an initial deposit of £600... very tempting at 9%.  But I went with £50.

The application process was very slow compared to normal, I think people may have problems later.

ForumUser7

Re Skipton - all sorted - I called up.

Re Saffron - their form is correct. Their system displays the maximum account balance, rather than the maximum monthly deposit. I've checked this with them before, and they agreed it is confusing, but said it is a limitation of their current system and is working as it should.

t1redmonkey

Seems like you can at least begin the application process even if you don't meet the Saffron BS criteria (e.g. you opened your first account with them more recently than June 2022), however from my experience Saffron do seem to have a control in place for catching ineligible account holders and then closing + returning funds a few days later, so most likely wouldn't be worth trying.

intalex

Opened Skipton from the app - funding seems manual, both initial and each month thereafter, it seems?

Speculator

Skipton opened and funded in less than 2 mins.

Now Saffron. 

Will also reduce monthly deposits into any Fixed rate regular savers paying less than 5.5%

ForumUser7

intalex said:

Opened Skipton from the app - funding seems manual, both initial and each month thereafter, it seems?

Not sure what you mean re manual - you can set up a standing order with your own bank to fund

Gers

Opened Skipton online now. And SO set up.

Bridlington1

I've opened Skipton by phone, funded by 9:15am. YBS has been opened and funded. I've applied for Saffron and am now waiting to find out the account details so I can fund the account. All in all a productive morning I think.