Regular Savings Accounts: The Best Currently Available List!

PRAISETHESUN

DJDools said:

Emily_Joy said:

@Special_Saver2 there is a typo on the first page in the description of the Saffron BS Loyalty Regular Saver - monthly deposit is limited to £50, not £250.

No, not a typo; I have the issue 7 of the same and that is a measly £50 max pcm.

There is a typo. The error being referred to is on page 1 of this thread, where the account is detailed as being as having a monthly deposit limit of £250/month. As you quite rightly point out, the correct deposit limit is £50/month.

brucefan_2

ForumUser7 said:

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.

Confirmed ~ Flood gates opened! "It is now open to non Staffordshire residents and we will accept your application and I have fed this back to our marketing team to update the website too."

@ForumUser7

Thanks for the heads-up on this.

I can confirm it's up and running. I've just managed to get registered, receive activation keys etc., and I am not a resident of Staffordshire.

Many thanks!

brucefan_2

A quick question please about Feeder Accounts.

I'm currently using Chase as my main Feeder Accounts for RS accounts. I like being able to have separate 'pots' with their own sort codes and account numbers that can act as 'designated accounts'

Kroo's interest rate - at 3.6% - is now making me think that I should be using it for at least one RS feed. The time for setting this up in Kroo is not a factor for me.

Is anyone using Kroo successfully without any hassle for this.

Or are there better  and more rewarding alternatives/ways of doing this?

Thanks for reading.

SanguineOnSaturn

brucefan_2 said:

A quick question please about Feeder Accounts.

I'm currently using Chase as my main Feeder Accounts for RS accounts. I like being able to have separate 'pots' with their own sort codes and account numbers that can act as 'designated accounts'

Kroo's interest rate - at 3.6% - is now making me think that I should be using it for at least one RS feed. The time for setting this up in Kroo is not a factor for me.

Is anyone using Kroo successfully without any hassle for this.

Or are there better  and more rewarding alternatives/ways of doing this?

Thanks for reading.

I'm using Kroo to feed 5 RS accounts without issue.

t1redmonkey

I've never really understood the whole feeder account thing. 

What's wrong with just having an instant access account with a much higher rate (e.g. Chip), and then just moving the money for the RS into any old account (in my case a Barclays current account) either the day before an RS is due to collect (if you have a standing order that's collecting it) or even just moving it across on the day itself? 

Is there a bigger advantage that I'm not seeing or do people just use feeder accounts for convenience even if they're getting a lower rate?

SanguineOnSaturn

t1redmonkey said:

I've never really understood the whole fFor eeder account thing. 

What's wrong with just having an instant access account with a much higher rate (e.g. Chip), and then just moving the money for the RS into any old account (in my case a Barclays current account) either the day before an RS is due to collect (if you have a standing order that's collecting it) or even just moving it across on the day itself? 

Is there a bigger advantage that I'm not seeing or do people just use feeder accounts for convenience even if they're getting a lower rate?

For me Kroo is a decent place to dump new money, ie salary, dividends until such a time I get round to moving it somewhere better and at the same time skimming some off  into some RS accounts automatically. The money is also useable as Kroo is a current account with a bank card and earning a decent rate.

AndyTh_2

t1redmonkey said:

I've never really understood the whole feeder account thing. 

What's wrong with just having an instant access account with a much higher rate (e.g. Chip), and then just moving the money for the RS into any old account (in my case a Barclays current account) either the day before an RS is due to collect (if you have a standing order that's collecting it) or even just moving it across on the day itself? 

Is there a bigger advantage that I'm not seeing or do people just use feeder accounts for convenience even if they're getting a lower rate?

That's what I do currently (moving money in soon before it's to go out), but it's handy to have an account you can mostly forget about daily topups, and just add the money monthly to cover that month's bills and standing orders. I used to do that as well from Santander 123's old 3% current account , to other banks later, right up to Chase no longer being a good rate savings account.

Emily_Joy

a measly £50 max pcm.

At the moment I do not see a better place for £50

RetSol

t1redmonkey said:

I've never really understood the whole feeder account thing. 

What's wrong with just having an instant access account with a much higher rate (e.g. Chip), and then just moving the money for the RS into any old account (in my case a Barclays current account) either the day before an RS is due to collect (if you have a standing order that's collecting it) or even just moving it across on the day itself? 

Is there a bigger advantage that I'm not seeing or do people just use feeder accounts for convenience even if they're getting a lower rate?

I use a combo of Skipton Base Rate Tracker savings account and Virgin current account. 

Bridlington1

Principality will be launching a new Regular Saver Bond Issue 33 soon. I don't know what the interest rate will be but I've opened and sent some money across to it by faster payment so should be able to update you with what the interest rate will be soon. See:
https://online.principality.co.uk/Originations/launchpage.aspx?productType=RegularSaver&productCode=6078#!