Regular Savings Accounts: The Best Currently Available List!

jim1999

Bridlington1 said:

Therefore I shall be restoring my £25 SO for 2nd of each month since I have already been banned from LBG, seen my accounts closed with Barclays, am in last chance saloon with TSB and do not wish to throw HSBC onto that list for good measures.

Sometimes my family think I go too far with savings accounts, but you help me enormously to feel more normal 

Bridlington1

OneUser1 said:

The Penrith Regular Saver 300 is up and running at 6% and looks like existing members can apply.

It’s three years, variable rate and up to £300 per month. Withdrawals allowed.

Thanks for bringing this to my attention. I'll get them to send me an application pack as I have no intention of paying for a stamp. https://www.penrithbs.co.uk/savings/regular-savings/
Full terms:

Bridlington1

jim1999 said:

Bridlington1 said:

Therefore I shall be restoring my £25 SO for 2nd of each month since I have already been banned from LBG, seen my accounts closed with Barclays, am in last chance saloon with TSB and do not wish to throw HSBC onto that list for good measures.

Sometimes my family think I go too far with savings accounts, but you help me enormously to feel more normal 

I'm glad I'm of some use then. Personally I'm rather glad I'm not normal, being normal is so frightfully dull I've found.

RG2015

Re HSBC.

My main concern is losing the interest as I only use the current account for the RS SO.

5% was excellent when I opened my last one in Dec last year. Now I will be breaching my PSA, I will only get 4%.

Hence I am now utilising my wife’s unused personal allowance to get nearer 6% on fixed savers,

Bridlington1

Apologies if it's been mentioned already but according to moneyfacts Tipton and Cosley BS will launch a 5.5% regular saver tomorrow. It's branch/post opening, allows deposits of £50-£500/mth.

They'll also be launching an app version at the same rate.

happybagger

Bridlington1 said:

Thanks for bringing this to my attention. I'll get them to send me an application pack as I have no intention of paying for a stamp. https://www.penrithbs.co.uk/savings/regular-savings/

If they send the form but no return envelope, will you still apply?
Just curious.

Bridlington1

happybagger said:

Bridlington1 said:

Thanks for bringing this to my attention. I'll get them to send me an application pack as I have no intention of paying for a stamp. https://www.penrithbs.co.uk/savings/regular-savings/

If they send the form but no return envelope, will you still apply?
Just curious.

When I applied for an EA account with them not so long back (put £1 in it in case they launch any future loyalty products) it contained a prepaid envelope so I assume I won't need to worry about that.

If on the off chance it didn't contain a prepaid envelope I would still apply as I've done with H&R BS before though would be slightly irritated. Whilst I have no intention of paying for a stamp I will part with a stamp if it means getting hold of this 6% regular saver.

t1redmonkey

OneUser1 said:

The Penrith Regular Saver 300 is up and running at 6% and looks like existing members can apply.

It’s three years, variable rate and up to £300 per month. Withdrawals allowed.

Was wondering for a minute if you could just open another account that doesn't have regional restrictions, and then be eligible for this 6% one, but have now seen there's a requirement to have been a member for at least 12 months to be classed as an 'existing member' so no such luck!

ForumUser7

Bridlington1 said:

Apologies if it's been mentioned already but according to moneyfacts Tipton and Cosley BS will launch a 5.5% regular saver tomorrow. It's branch/post opening, allows deposits of £50-£500/mth.

They'll also be launching an app version at the same rate.

Good spot - odd it launches on a Saturday.

Wonder if it will be fixed or variable, and if it will allow penalty free closure or not - it says no withdrawals permitted

Bridlington1

ForumUser7 said:

Bridlington1 said:

Apologies if it's been mentioned already but according to moneyfacts Tipton and Cosley BS will launch a 5.5% regular saver tomorrow. It's branch/post opening, allows deposits of £50-£500/mth.

They'll also be launching an app version at the same rate.

Good spot - odd it launches on a Saturday.

Wonder if it will be fixed or variable, and if it will allow penalty free closure or not - it says no withdrawals permitted

I imagine it's to coincide with 1st of the month, plus if they're still open on a Saturday I can't imagine it makes much difference for them whether the account is launched on a weekday or a Saturday.