We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Regular Savings Accounts: The Best Currently Available List!

Options
18398408428448451703

Comments

  • ForumUser7
    ForumUser7 Posts: 2,453 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    Now that I have both the Mansfield 90 day tracker pays 5% and HEBS branch saver will pay 5% shortly it's looking as though my next regular saver cull could be pretty large.

    I will be ringing H&R BS (4.5%) tomorrow to put in notice to empty their regular saver next month, I'll be transferring the Saffron regular saver ISA (4.25%) out to unlock the interest, Principality regular saver Issue 32 (4.5%) is getting axed, I've reduced the SO on the HSBC regular saver (5%) to £25 and chanced the date from 6th to 2nd (I opened the account on 6th of the month), Coventry regular saver (4.4%) is having it's funding ceased unless they up their rate to over 5%, Bath BS homestart regular saver (4.24%), Darlington BS Regular Saver and Green Regular saver (both 4.25%), Leeds BS home deposit saver and SRBS regular saver (4.4% each) will be getting emptied too unless they act by the end of the month. 

    I've then got the YBS regular saver (4.5%), Principality FHS (4.25%), Furness regular saver (4.5%), Leeds regular saver (4.5%) and Saffron members regular saver (4.5%), which are looking very vulnerable indeed. I will likely decide what to do with these at some point later next month or when they announce savings rate increases.
    Re HRBS, you can secure message if you want - sometimes quicker than phoning.

    Re HSBC - does anyone know what happens if you just stop paying in? Couldn’t see a stated penalty, no where does it say that causes the account to close down to flexible Saver etc.
    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.
  • pecunianonolet
    pecunianonolet Posts: 1,772 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    Now that I have both the Mansfield 90 day tracker pays 5% and HEBS branch saver will pay 5% shortly it's looking as though my next regular saver cull could be pretty large.

    I will be ringing H&R BS (4.5%) tomorrow to put in notice to empty their regular saver next month, I'll be transferring the Saffron regular saver ISA (4.25%) out to unlock the interest, Principality regular saver Issue 32 (4.5%) is getting axed, I've reduced the SO on the HSBC regular saver (5%) to £25 and chanced the date from 6th to 2nd (I opened the account on 6th of the month), Coventry regular saver (4.4%) is having it's funding ceased unless they up their rate to over 5%, Bath BS homestart regular saver (4.24%), Darlington BS Regular Saver and Green Regular saver (both 4.25%), Leeds BS home deposit saver and SRBS regular saver (4.4% each) will be getting emptied too unless they act by the end of the month. 

    I've then got the YBS regular saver (4.5%), Principality FHS (4.25%), Furness regular saver (4.5%), Leeds regular saver (4.5%) and Saffron members regular saver (4.5%), which are looking very vulnerable indeed. I will likely decide what to do with these at some point later next month or when they announce savings rate increases.
    Out of interest, what's your monthly distribution amount to reg savers? Also, I assume you have low / no income because otherwise all the interest and your efforts will only benefit the chancellor. May I speculate that you have 1000 PSA plus 12570 free allowance or something? Just curious....
  • alibean121
    alibean121 Posts: 259 Forumite
    Ninth Anniversary 100 Posts Name Dropper
    Like many others, I'm looking for some good steps forward in rates offered. Some of these new offerings are quite disappointing in the context of EA rates available (Skipton/Saffron excepted)

    I'm waiting on First Direct resurrecting their 10% saver or hopefully YBS to launch another good loyalty rate or something. Hopefully there's something good in the works from someone.

    I've also got my HSBC regular saver seeing out the 12 months on a now £25 standing order and this 5% is now the worst interest rate I have on any of my savings! Wasn't expecting that in December I have to say.
  • pokemaster
    pokemaster Posts: 270 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Now that I have both the Mansfield 90 day tracker pays 5% and HEBS branch saver will pay 5% shortly it's looking as though my next regular saver cull could be pretty large.

    I will be ringing H&R BS (4.5%) tomorrow to put in notice to empty their regular saver next month, I'll be transferring the Saffron regular saver ISA (4.25%) out to unlock the interest, Principality regular saver Issue 32 (4.5%) is getting axed, I've reduced the SO on the HSBC regular saver (5%) to £25 and chanced the date from 6th to 2nd (I opened the account on 6th of the month), Coventry regular saver (4.4%) is having it's funding ceased unless they up their rate to over 5%, Bath BS homestart regular saver (4.24%), Darlington BS Regular Saver and Green Regular saver (both 4.25%), Leeds BS home deposit saver and SRBS regular saver (4.4% each) will be getting emptied too unless they act by the end of the month. 

    I've then got the YBS regular saver (4.5%), Principality FHS (4.25%), Furness regular saver (4.5%), Leeds regular saver (4.5%) and Saffron members regular saver (4.5%), which are looking very vulnerable indeed. I will likely decide what to do with these at some point later next month or when they announce savings rate increases.
    YBS reg sav good for round ups though 😬
  • Catplan
    Catplan Posts: 411 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    Like many others, I'm looking for some good steps forward in rates offered. Some of these new offerings are quite disappointing in the context of EA rates available (Skipton/Saffron excepted)

    I'm waiting on First Direct resurrecting their 10% saver or hopefully YBS to launch another good loyalty rate or something. Hopefully there's something good in the works from someone.

    I've also got my HSBC regular saver seeing out the 12 months on a now £25 standing order and this 5% is now the worst interest rate I have on any of my savings! Wasn't expecting that in December I have to say.
    My existing YBS loyalty saver is coming to an end in July, was unbelievable getting 5.5% a year ago, just need to find a home for it now, hopefully some movement in the two weeks.
  • allegro120
    allegro120 Posts: 1,859 Forumite
    1,000 Posts Second Anniversary Name Dropper

    I will be ringing H&R BS (4.5%) tomorrow to put in notice to empty their regular saver next month
    Is ringing going to work? In my experience I had to send them a letter asking to close the account.
  • housebuyer143
    housebuyer143 Posts: 4,257 Forumite
    1,000 Posts Third Anniversary Name Dropper
    Can anybody advise on the Halifax regular saver.

    I put my first payment in on 22nd may and the next one in on 22 June, but can I make another tomorrow and then carry on monthly from 26th of the month? 

    T&C's say:

    • You can save £25 - £250 every month by one standing order or a bank transfer. This needs to reach your account before the 25th of the month. You can also make a bank transfer to top up your savings as long as the total amount of your deposits does not exceed the monthly limit of £250. The amount that you save each month can vary but needs to stay between the £25 to £250 monthly limit. 
  • Bridlington1
    Bridlington1 Posts: 3,723 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper

    I will be ringing H&R BS (4.5%) tomorrow to put in notice to empty their regular saver next month
    Is ringing going to work? In my experience I had to send them a letter asking to close the account.
    You have to send them a letter/visit a branch to make a withdrawal but you can give notice to withdraw over the phone. It just lets me make a withdrawal a few days earlier doing it this way and makes it easier to change my mind if they raise their rate in the mean time by simply not sending my passbook.

    I would like to maintain a foothold in H&R though so would like to keep the account just in case.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.