Regular Savings Accounts: The Best Currently Available List!

Bridlington1

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 changed 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.

EDIT: Spotted a spelling error

ForumUser7

Bridlington1 said:

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.

pecunianonolet

Bridlington1 said:

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

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

Bridlington1 said:

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

alibean121 said:

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.

Bridlington1

ForumUser7 said:

Bridlington1 said:

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.

Given that it's Sunday I can't imagine I would get a response from the secure message until tomorrow at the earliest, the lines open tomorrow so phoning them tomorrow will at worst take just as long as messaging them now, plus whenever I've rang them before I've been put straight through so it's just easier for me to telephone them.

Personally I don't want to risk it too much with HSBC to be honest. I'll be going past a branch in the morning so can always see what they have to say about it there if you like?

pecunianonolet said:

Bridlington1 said:

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....

These have all been maximum contributions in most months.

I am a student and since student maintenance loan isn't taxable income my only taxable income is my savings interest plus wages from a part time job (about £400/mth). So I don't currently have to worry about the tax implications, though I will do once I finish uni next year. Consequently I was able to treat the Saffron ISA as any other regular saver.

I'm currently transferring the Saffron ISA to a flexible ISA with Paragon to prevent losing the tax free allowance on the balance though just on the off chance a high paying ISA pops up elsewhere that I would want to fill up in the near future. I'll empty paragon once they do the ISA transfer though.

I have a fair amount in savings given that I have saved pretty much every penny I've got my hands on for the last 20 years I've been alive and had been doing paper rounds from 13, part time job and paid surveys since 16 etc and saved pretty much all of it so I am probably in quite an unusual position for people my age in that I have quite a lot in savings but currently no tax to pay.

allegro120

Bridlington1 said:

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

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

allegro120 said:

Bridlington1 said:

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.