Regular Savings Accounts: The Best Currently Available List!

pookey

Middle_of_the_Road said:

pookey said:

pokemaster said:

Yeah switch your TSB? account to it. You'll need to tell Natwest and/or RBS you want to switch and have the TSB? bank card to put in the card details at the time of switching

Yes I've got 2 tsb accounts I don't use. I'll probably switch one to first direct and one to Natwest or RBS. Just waiting a week or 2 too see if any one does a better rate for the regular savers

You can do the switches now, and if the regular savings rates increase, you will get the increases applied anyway.

I mean if another bank or building society offer a better regular saver

Middle_of_the_Road

pookey said:

Middle_of_the_Road said:

pookey said:

pokemaster said:

Yeah switch your TSB? account to it. You'll need to tell Natwest and/or RBS you want to switch and have the TSB? bank card to put in the card details at the time of switching

Yes I've got 2 tsb accounts I don't use. I'll probably switch one to first direct and one to Natwest or RBS. Just waiting a week or 2 too see if any one does a better rate for the regular savers

You can do the switches now, and if the regular savings rates increase, you will get the increases applied anyway.

I mean if another bank or building society offer a better regular saver

Ok, see what you mean. I doubt though that any of the any of the big banks offering switches will better those rates. Maybe providers like Skipton with their 7.5% reg. saver and the like, but not high street banks.

georged123

I’m already with NatWest and using their digital regular saver account, if I switch to First Direct to get the switching bonus and use their 7% saver, I presume I will lose access to that account.

Can I open up a First Direct current account and keep my NatWest accounts too?

pokemaster

You can open a First Direct account without switching and keep your Natwest account open....

You could also open an additional current account with Natwest and switch that to FD for their switching incentive

dcs34

allegro120 said:

"Your Online Fixed Regular Saver is all ready for you. Now, there’s just one thing left to do: start saving!

Make your first transfer
You need to make sure your first deposit is for at least £1.

If this is your first account with us, you'll also need to make your first transfer from your nominated bank account.  That’s the account you linked to your new Beehive Money savings account – you can check this in the app. Any future transfers can be made from any account, it's just the first one that needs to come from your nominated account.

You’ll find your account number by clicking on your account on the Account Overview page in the app, and the sort code for all Beehive Money savings accounts is 60-95-93.  You can find lots more information by clicking here or visit the Help Centre on the website log in page. 

Get into a good savings habit by saving regularly
Regular Saver accounts are all about that – making sure you top up your account regularly! There’s a maximum monthly amount you can put in to the account, which resets every month, so it’s best to set up a regular standing order into the account to make the most of your allowance. You can find the sort code and account number for your savings account in the app.  

Remember – your money’s tied up
Don’t forget – these accounts don’t allow you to make withdrawals so you should only be putting in what you’re happy tying up until after the fixed rate period ends, which is 31 July 2024.

Those pounds and pennies will soon add up. Check in on the app anytime to see how you’re doing and look forward to the things that matter, whether it’s a home, a holiday, or just a rainy day.

Thanks for being part of Beehive Money,

The Beehive Money Team"

Also worth noting they will only let you have one regular saver open at a time, and no ability to close early.

A welcome reminder for anyone who opened the 2.5% account who now can't access the better 6% rate, whilst new customers can!

PowerSavingMode

wiseonesomeofthetime said:

Update: Beebot has helped me confirm it's CALENDAR month

Does that stop one putting in money on the 1st or 2nd, say, if they opened it and funded it today?

soulsaver

DJDools said:

wiseonesomeofthetime said:

Update: Beebot has helped me confirm it's CALENDAR month

Does that stop one putting in money on the 1st or 2nd, say, if they opened it and funded it today?

The   means you can...

Bridlington1

georged123 said:

I’m already with NatWest and using their digital regular saver account, if I switch to First Direct to get the switching bonus and use their 7% saver, I presume I will lose access to that account.

Can I open up a First Direct current account and keep my NatWest accounts too?

Though there's due to be a "shake-up" of First Direct's savings rates commencing tomorrow so if you are opening a FD regular saver it may be worth waiting a few days to see how they respond. If they suddenly up their regular saver to say 10% or whatever and you've locked in at 7% it would be pretty annoying to say the least.

Bigwheels1111

Bridlington1 said:

georged123 said:

I’m already with NatWest and using their digital regular saver account, if I switch to First Direct to get the switching bonus and use their 7% saver, I presume I will lose access to that account.

Can I open up a First Direct current account and keep my NatWest accounts too?

Though there's due to be a "shake-up" of First Direct's savings rates commencing tomorrow so if you are opening a FD regular saver it may be worth waiting a few days to see how they respond. If they suddenly up their regular saver to say 10% or whatever and you've locked in at 7% it would be pretty annoying to say the least.

Last year they put the rate up to 7% and upped it for everyone who already had a regular saver at the time.
Im 2 months into my regular saver, I would cancel it and reopen a mew one if needs be.

Bridlington1

Bigwheels1111 said:

Bridlington1 said:

georged123 said:

I’m already with NatWest and using their digital regular saver account, if I switch to First Direct to get the switching bonus and use their 7% saver, I presume I will lose access to that account.

Can I open up a First Direct current account and keep my NatWest accounts too?

Though there's due to be a "shake-up" of First Direct's savings rates commencing tomorrow so if you are opening a FD regular saver it may be worth waiting a few days to see how they respond. If they suddenly up their regular saver to say 10% or whatever and you've locked in at 7% it would be pretty annoying to say the least.

Last year they put the rate up to 7% and upped it for everyone who already had a regular saver at the time.
Im 2 months into my regular saver, I would cancel it and reopen a mew one if needs be.

They haven't always upped the rates for existing customers though so I certainly wouldn't bank on them doing that again this time round (no pun intended).

They do have a 14 day cooling off period for the account so you could close it shortly afterwards without penalty if you wanted but you would have to wait until the old one is fully closed before you could open a new one at the higher rate. They have been known to take a few days to fully close a regular saver even on maturity so if they brought out a higher paying regular saver you'd lose out on those first few days of the higher rate being available if had recently opened the 7% version.