Regular Savings Accounts: The Best Currently Available List!

pokemaster

allegro120 said:

pokemaster said:

ForumUser7 said:

pokemaster said:

ForumUser7 said:

Is anyone lacking the YBS debit card deposit option for RSs? I’ve seen they have a new online platform, and mines disappeared

Have you put in the max for this month? I've only put in £10 and can still see the option to use debit card

I did - glad the option hasn’t gone 😅

Yeah me too as I like to deposit the £1.01 every other day

Is this for Natwest/RBS double roundups?  I use NS&I saver for this, they don't seem to mind how many £1.01 deposits per day you make.  The rate is rubbish (2.85%) but withdrawals are unlimited so no need to keep much cash in this account.

Yeah it is... I have a few different places per Nw and RBS to deposit, I don't like to do too much at one place with risk of losing access, but surely as a regular saver, depositing every other day just £1.01 they can't complain as its regular, right?

I also try not to withdraw the money, which maybe a silly thing as like you say the rate is quite low compared to other places like 3.85% YBS rainyday saver (2 withdraws a year) (that takes debit card deposits) but just think if money keeps going in and out of a savings account that will trigger something too, think there something in some of the T&Cs (might not be NS&I but others) saying don't use savings accounts like a current account. With money going in and out all the time.

Also with NS&I, I don't want them to start cracking down and risk losing the premium bonds I have with them as its a bit of fun and something to look forward to at the beginning of the month. (But to be fair I do deposit 2x £1.01 from RBS and 2x £1.01 from NW when I do get on every few days or so, and have not had any back lash yet

t1redmonkey

Anyone else feel like the Regular Saver market has really stagnated in the last few months?  The only real decent new options we've had of late have been the Principality 5.5% and the Monmouthshire 5.6%.  Lots of increases in other categories like fixed rate bonds and easy access accounts, but very little to talk about regular saver wise.

janusdesign

t1redmonkey said:

Anyone else feel like the Regular Saver market has really stagnated in the last few months?  The only real decent new options we've had of late have been the Principality 5.5% and the Monmouthshire 5.6%.  Lots of increases in other categories like fixed rate bonds and easy access accounts, but very little to talk about regular saver wise.

there was also Skipton's RS @ 7.50%, though granted that was for existing qualifying members only.

brucefan_2

t1redmonkey said:

Anyone else feel like the Regular Saver market has really stagnated in the last few months?  The only real decent new options we've had of late have been the Principality 5.5% and the Monmouthshire 5.6%.  Lots of increases in other categories like fixed rate bonds and easy access accounts, but very little to talk about regular saver wise.

Skipton introduced a 7.5% for existing customers a few weeks ago.

t1redmonkey

True there were the Skipton and Saffron 'loyalty' products.  I guess I'm just thinking about the main regular saver screen on Moneyfacts and when I check it every day, that's barely changed for most of the year.

RG2015

t1redmonkey said:

Anyone else feel like the Regular Saver market has really stagnated in the last few months?  The only real decent new options we've had of late have been the Principality 5.5% and the Monmouthshire 5.6%.  Lots of increases in other categories like fixed rate bonds and easy access accounts, but very little to talk about regular saver wise.

In the last few months we have had First Direct 7%, Saffron 9%. Skipton 7.5%, Club Lloyds 6.25% and NatWest/RBS 6% (6.17% aer).

I recognise that these are for existing customers, and pre-existing customers in the case of Saffron and Skipton. However these significant increases don’t indicate any degree of stagnation.

doodlector

t1redmonkey said:

Anyone else feel like the Regular Saver market has really stagnated in the last few months?  The only real decent new options we've had of late have been the Principality 5.5% and the Monmouthshire 5.6%.  Lots of increases in other categories like fixed rate bonds and easy access accounts, but very little to talk about regular saver wise.

I agree to the 'feeling' but I think it's just relative compared to what's happening to easy access and fixed bonds.   There must come a point, however, when regular savers should increase in order to keep the gap they previously had above easy access and fixed bonds.

t1redmonkey

RG2015 said:

t1redmonkey said:

Anyone else feel like the Regular Saver market has really stagnated in the last few months?  The only real decent new options we've had of late have been the Principality 5.5% and the Monmouthshire 5.6%.  Lots of increases in other categories like fixed rate bonds and easy access accounts, but very little to talk about regular saver wise.

In the last few months we have had First Direct 7%, Saffron 9%. Skipton 7.5%, Club Lloyds 6.25% and NatWest/RBS 6% (6.12% aer).

I recognise that these are for existing customers, and pre-existing customers in the case of Saffron and Skipton. However these significant increases don’t indicate any degree of stagnation.

First Direct and Natwest/RBS were all last year weren't they?  The Club Lloyds has been that rate for quite a while too, can't remember when they increased it but seems like it was months ago.

I'm mainly talking about the last 2/3 months where very little has changed/been introduced when a lot of other categories of savings accounts have changed a lot.

t1redmonkey

doodlector said:

t1redmonkey said:

Anyone else feel like the Regular Saver market has really stagnated in the last few months?  The only real decent new options we've had of late have been the Principality 5.5% and the Monmouthshire 5.6%.  Lots of increases in other categories like fixed rate bonds and easy access accounts, but very little to talk about regular saver wise.

I agree to the 'feeling' but I think it's just relative compared to what's happening to easy access and fixed bonds.   There must come a point, however, when regular savers should increase in order to keep the gap they previously had above easy access and fixed bonds.

Yes that's what I'm hoping; more Regular Savers increase their rates to recognise the narrowing of the gaps between other options savers have.

ForumUser7

Nationwide has chosen not to increase RS rates 🙁
https://www.nationwide.co.uk/-/assets/nationwidecouk/documents/savings/smd694-21-june-23_wcag.pdf?rev=2f0b79f59f59488baf84a1c0986cd29f 
https://www.nationwide.co.uk/news-and-stories/bank-of-england-increases-base-rate/

Of interest though is this article https://www.msn.com/en-gb/money/other/nationwide-building-society-increases-interest-rates-on-popular-savings-accounts/ar-AA1cPvZV?ocid=msedgntp&cvid=4d39e9fb44b547f58f5340c57b6b2481&ei=6 which claims ‘ At the same time we are also increasing the enduring credit interest rate on FlexDirect, which will benefit those who maintain an in-credit balance’ - unsure if this will affect existing customers though, or what the new rate will be.

Edit, never mind - nothing special -  https://www.nationwidemediacentre.co.uk/news/nationwide-increase-rates 

FlexDirect continues to offer a market-leading5 introductory in-credit interest of 5.00% AER6 on balances up to £1,500 for the first 12 months. From 1 July, the revert rate, the rate payable after 12 months when the introductory offer ends, will increase from 0.25% AER to 1.00% AER