Regular Savings Accounts: The Best Currently Available List!

Compound_2

Bridlington1 said:

One way you can get the best of both worlds is to deposit some money by debit card into a Skipton EA account 2 working days before the end of the month and manually transfer it over to the regular saver on 1st.

Wouldn't leaving debit card transaction to so late in month be risky, for remaining customers? Not only could the account debit cross into the following calendar month, but in any case there wouldn't be time for the reward tracker to do its job of reasurring on eligibility.

housebuyer143

BooJewels said:

Has anyone been able to open one of the Skipton Regular Savers and fund it from another Skipton account?  I've opened the RS, as I have both an Easy Access Saver and a Base Rate Tracker - and the RS terms say you can transfer from another Skipton account as long as there aren't restrictions in doing so on that other Skipton account.  I didn't think there would be on the EA especially - but the app will only let me move funds between those two accounts.

I've tried doing it both ways - from the EA, to transfer out to another account (only BRT listed) and from the RS to fund it from another Skipton account.  If I have to fund it from a current account it will totally defeat the object for me, as the funds are in the EA account, as they're paid there monthly from a fix.

@BooJewels

You can fund from another Skipton savings account. You can do it from the app once it is open, so you need to put in £250 first, or you can do the initial payment on your online account. 
I couldn't see the option but my account is open today and it is there now.

BooJewels

Thanks @housebuyer143 - I did post subsequently that I managed to do it through the web page rather than the app.   Plus I was able to set it up as a recurring monthly payment straight from the EA account in future - that's already showing as a scheduled payment for July.

But you are also correct that when I now log in to the app, the option is there to transfer funds from my EA account to the new RS account.

housebuyer143

@BooJewels how did you set up a recurring payment? That would be useful.

wiseonesomeofthetime

housebuyer143 said:

@BooJewels how did you set up a recurring payment? That would be useful.

They can be set up in Skipton Online banking. Not in the app.

And you need to have the amount you require to schedule in the account when you do it, else Skipton will claim insufficient funds to proceed.

I know because I did it this morning

BooJewels

Indeed @housebuyer143, as @wiseonesomeofthetime explained - I did it in the web based banking, not the app.  I think when I set up the internal transfer to fund the RS, it was an option on the same screen to make it a regular payment and then chose frequency and end date.  I set it up so that it pays on the 2nd of each month until 2nd May 2024.  I have some modest funds in the EA already, but my fixes pay into it each month, which is the bulk of the transfer amount, so it will just run itself for the year from here. 

I've never bothered with RS accounts before as none quite fit my requirements, but this one is ideal for me to better compound interest from fixes.

Special_Saver2

Hi Folks,

I have updated page 1 of this thread.

- Leeds BS Regular Saver (Issue 41) replaces issue 40 (issue 41 matures on 1st June 2025 whereas issue 40 matures on 30th April 2025)

- Yorkshire Regular e-Saver Account paying 4.5% variable on up to £250 per month for 12 months, opened online, aged 16 or over

- Yorkshire Regular Saver Account as above but opened in branch and aged 11 or above

- Skipton BS Member Regular Saver Issue 2 added paying 7.5% gross p.a. fixed on up to £250 per month for 12 months, no early withdrawals apart from account closure, existing members only

- Saffron BS Members' Month Loyalty Saver added paying 9% gross p.a. fixed on up to £250 per month for 12 months, existing members only

- Leek BS Regular Saver interest rate increased to 4.45% gross p.a. variable from 12th June 2023

- Darlington BS Regular Monthly Saver interest rate increased to 4.25% gross p.a. variable from June 2023

I will do the next update within the next 2 weeks.

SS2

---

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

MarkFromCornwall

Special_Saver2 said:

- Saffron BS Members' Month Loyalty Saver added paying 9% gross p.a. fixed on up to £250 per month for 12 months, existing members only

Isn't it £50 per month?

SJMALBA

Special_Saver2 said:

Hi Folks,

I have updated page 1 of this thread.

SNIP

- Saffron BS Members' Month Loyalty Saver added paying 9% gross p.a. fixed on up to £250 per month for 12 months, existing members only

SNIP

I will do the next update within the next 2 weeks.

SS2

---

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

Saffron BS is max. £50/month.

ForumUser7

Special_Saver2 said:

Hi Folks,

I have updated page 1 of this thread.

- Leeds BS Regular Saver (Issue 41) replaces issue 40 (issue 41 matures on 1st June 2025 whereas issue 40 matures on 30th April 2025)

- Yorkshire Regular e-Saver Account paying 4.5% variable on up to £250 per month for 12 months, opened online, aged 16 or over

- Yorkshire Regular Saver Account as above but opened in branch and aged 11 or above

- Skipton BS Member Regular Saver Issue 2 added paying 7.5% gross p.a. fixed on up to £250 per month for 12 months, no early withdrawals apart from account closure, existing members only

- Saffron BS Members' Month Loyalty Saver added paying 9% gross p.a. fixed on up to £250 per month for 12 months, existing members only

- Leek BS Regular Saver interest rate increased to 4.45% gross p.a. variable from 12th June 2023

- Darlington BS Regular Monthly Saver interest rate increased to 4.25% gross p.a. variable from June 2023

I will do the next update within the next 2 weeks.

SS2

---

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

Thank you @Special_Saver2

In addition to the Darlington RMS, they also increased the Teen Goal Saver and Darly Young Saver. The new rates on both of these are 3.95%