Regular Savings Accounts: The Best Currently Available List!

ForumUser7

Loughborough BS One Year Fixed Rate Monthly Saver

5% £500 per month, min £1 monthly pay in, no early access

Source - Moneyfacts

I think I’ll go for it, but not sure if will fund in full each month - I’m wary of no access accounts - hoping there is access permitted in Loughborough’s own Ts and Cs when they are released in the morning.

simonsmithsays

ForumUser7 said:

Loughborough BS One Year Fixed Rate Monthly Saver

5% £500 per month, min £1 monthly pay in, no early access

Source - Moneyfacts

I think I’ll go for it, but not sure if will fund in full each month - I’m wary of no access accounts - hoping there is access permitted in Loughborough’s own Ts and Cs when they are released in the morning.

Plus they allow their RS rates to languish at awful rates (their legacy RS is still sat at 2.5%) and they have zero online presence for checking balance etc

wiseonesomeofthetime

MarkFromCornwall said:

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?

Definitely 👍

Saffron 9% @ £250pm would have been coooooool 😁

ForumUser7

A few questions about the Loughborough BS Limited Access MS and One Year Fixed Rate MS:

1. If we stop depositing into either of these accounts, does anyone know what happens please? I am aware each have a minimum £1 monthly deposit, but cannot find the consequences of failing to fulfil this
2. Do these (and the languishing 2.5%) run on calendar month, or on account month please? On the FRMS and 2.5RS, I can see 'one deposit per calendar month', so I am thinking the LAMS will also be calendar month?
3. Does Loughborough allow faster payment withdrawals once the passbook is sent in, or is it cheque only (and possibly CHAPS)?

Thank you!

Descrabled

Loughborough

My recollection is that any withdrawal is by cheque returned by post with the passbook. Alternately the passbook can be presented at their branches (or one agent) and a cheque will be provided. No facility for faster payments. I always credited the accounts on the first working day of the month by standing order.

I no longer hold any accounts with LBS as there are much better regular savers out there with online facilities and faster payment withdrawal.

ForumUser7

On the SRBS adult accounts page, I noticed the RS has changed from saying availability ‘private individuals living in Staffordshire only’ to availability ‘private individuals’. I’ve verified this using the way back machine, and comparing what it said yesterday to what it says today. The summary box still references Staffordshire, as does the application process (yes/no question re residency in Staffordshire), but I’m wondering if perhaps they just need to be updated? Wishful thinking or have they opened the flood gates? I know it used to flick between the two before, but unsure if the application process was updated or not.

Gers

ForumUser7 said:

On the SRBS adult accounts page, I noticed the RS has changed from saying availability ‘private individuals living in Staffordshire only’ to availability ‘private individuals’. I’ve verified this using the way back machine, and comparing what it said yesterday to what it says today. The summary box still references Staffordshire, as does the application process (yes/no question re residency in Staffordshire), but I’m wondering if perhaps they just need to be updated? Wishful thinking or have they opened the flood gates? I know it used to flick between the two before, but unsure if the application process was updated or not.

I've had a SRBS RS account since August last year and am not even in England. I can't recall what was on the website way back then.

where_are_we

Am I able to open a Yorkshire Regular E Saver (new) @4.5% even if I already hold a Loyalty Regular E Saver and a Xmas 23 Regular E Saver. I just tried in the App and no accounts are available for me to open. Has anyone managed this ?

ForumUser7

where_are_we said:

Am I able to open a Yorkshire Regular E Saver (new) @4.5% even if I already hold a Loyalty Regular E Saver and a Xmas 23 Regular E Saver. I just tried in the App and no accounts are available for me to open. Has anyone managed this ?

you can - they are opened through the website once it decides to work again

Kazza242

where_are_we said:

Am I able to open a Yorkshire Regular E Saver (new) @4.5% even if I already hold a Loyalty Regular E Saver and a Xmas 23 Regular E Saver. I just tried in the App and no accounts are available for me to open. Has anyone managed this ?

Yes, I have all three YBS regular savers:

• YBS Loyalty Regular Saver 5.50%

• YBS Christmas 2023 Regular e-Saver 5.00%

• YBS Regular e-Saver 4.50%

I opened the accounts via the web browser and logging into YBS online banking.