We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
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
Comments
-
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.
6 -
Regarding the HSBC regular saver. I've just returned from my HSBC branch visit and they said the following:
- You must make at least 1 deposit of £25-£250 by SO per account month excluding the month in which you opened the account
- You may however make further deposits by manual transfer into the regular saver so long as the total amount you pay in by any method does not exceed £250 per account month and that at least £25 is deposited by SO. So if you wished you could make a £25 deposit by SO followed by a £225 manual payment into the regular saver each month or vice versa, or make a weekly deposit of £25 into the account by SO if desired.
- If you fail to make a deposit of between £25-£250 by SO each account month (excluding the month you opened the account) HSBC reserve the right to terminate their relationship with you in line with page 34 of the general terms and conditions. The person I spoke to in branch stressed that that does not mean they definitely will close your accounts for not depositing by SO each month but that they could do if they wished to since it would be a breach of their terms.
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.10 -
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.3
-
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.
Full terms:
0 -
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.8
-
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,1 -
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.8 -
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/
Just curious.0 -
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/
Just curious.
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.1 -
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.1
Confirm your email address to Create Threads and Reply

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