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Regular Savings Accounts: The Best Currently Available List!

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  • wiseonesomeofthetime
    wiseonesomeofthetime Posts: 2,509 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 5 June 2023 at 7:43AM


    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
    ForumUser7 Posts: 2,438 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    edited 6 June 2023 at 12:32AM
    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!
    If you want me to definitely see your reply, please tag me @forumuser7 Thank you.

    N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
  • Descrabled
    Descrabled Posts: 508 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    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
    ForumUser7 Posts: 2,438 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    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.
    If you want me to definitely see your reply, please tag me @forumuser7 Thank you.

    N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
  • Gers
    Gers Posts: 13,127 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    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
    where_are_we Posts: 1,215 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    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
    ForumUser7 Posts: 2,438 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    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
    If you want me to definitely see your reply, please tag me @forumuser7 Thank you.

    N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
  • Bridlington1
    Bridlington1 Posts: 3,689 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    edited 5 June 2023 at 10:29PM
    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 FRMS 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!
    1. I can't seem to find any penalties either and according to moneyfacts there are no missed payment penalties.
    2. The 2.5% regular saver goes by calendar month as does the 5% saver from what I can gather.
    3. It is cheque/cash only. I asked them to make a withdrawal by faster payment back in October 2022 enclosing a cancelled cheque as proof of the account and I received a cheque instead along with the cancelled cheque and passbook. Deposits can be made by faster payment though.
  • Bridlington1
    Bridlington1 Posts: 3,689 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    edited 6 June 2023 at 9:14AM
    Beverley BS 'As of 14th June we will be increasing the rates of our Variable Interest Accounts'. ~ https://beverleybs.co.uk/savings/savings-rates/

    New rates not confirmed yet, but feels like the monthly saver will increase.
    New monthly saver rate will be:
    3.7% with bonus (up from 3.5%)
    3.2% without bonus (up from 3%)
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