Regular Savings Accounts: The Best Currently Available List!

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

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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%

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