Regular Savings Accounts: The Best Currently Available List!

wiseonesomeofthetime

granta said:

Bridlington1 said:

vixen1500 said:

4.5% regular savers  keep or close?  -  Halifax, Bank of Scotland etc.  Are these fixed or variable?   Managed to  get the Newcastle Building Society account @ 4.3%, so thinking these won't be worth having any more.  Do you have to keep them open the full year?  Do you lose interest if closed early?  Can you pay in a smaller amount, maybe £50?  Any thoughts, would love to hear before I start the monthly deposits

In terms of which ones are have fixed/variable interest and the minimum deposits of each account the following lists of regular savers may be of use:

Currently available:

Bank/building society	Name	Calender/Account month	Withdrawals/early closure	Interest rate	Fix/var	Min deposit	Max deposit
Skipton BS	Members Branch Regular Saver	C	Early closure only	7.50%	F	£0.00	£250.00
First Direct	Regular Saver Account	A	Closure s.t very low interest rate	7.00%	F	£25.00	£300.00
Bath BS	16-25 Regular Saver	C	2 withdrawals/yr	6.95%	V	£10.00	£50.00
Lloyds	Club Lloyds Monthly Saver	C	Unlimited	6.25%	F	£0.00	£400.00
Natwest	digital regular saver	C	Unlimited	6.17%	V	£0.00	£150.00
RBS	digital regular saver	C	Unlimited	6.17%	V	£0.00	£150.00
Beehive	Online Fixed Regular Saver	C	None	6.00%	F	£0.00	£250.00
Nottingham BS	Branch Fixed Regular Saver	C	None	6.00%	F	£0.00	£250.00
Penrith BS	Regular Saver 300 (Heartland only)	C	3 penalty free wdls/yr	6.00%	V	£1.00	£300.00
Principality BS	Regular Savings Bond Issue 33	C	Early closure only	5.50%	F	£0.00	£250.00
BOS	Regular Saver	C	Unlimited	5.50%	F	£0.00	£250.00
Halifax	Regular Saver	C	Early closure only	5.50%	F	£0.00	£250.00
Tipton & Cosley BS	Regular Saver to 31 July 2024 branch+post/app version	C	None	5.50%	V	£50.00	£500.00
Nationwide BS	Start to Save Issue 2	C	Unlimited	5.25%	V	£0.00	£50.00
Lloyds	Monthly Saver	C	Unlimited	5.25%	F	£0.00	£250.00
Loughborough BS	1Y Fixed Monthly Saver	C	None	5.00%	F#	£0.00	£500.00
TSB	Monthly Saver	C	Unlimited	5.00%	F	£0.00	£250.00
West Brom BS	Adult's Fixed Rate Regular Saver Issue 6	C	None	5.00%	F	£0.00	£250.00
HSBC	Regular Saver	A	closure s.t very low interest rate	5.00%	F	£25.00	£250.00
Santander	Regular e-saver	A	Unlimited	5.00%	F	£0.00	£200.00
YBS	Regular Saver	C	2 withdrawals/yr	5.00%	V	£0.00	£250.00
Saffron BS	Small Saver Issue 6	C	1 withdrawal/mth	4.80%	V	£1.00	£50.00
Coventry BS	First Home Saver Issue 2	C	60 day notice or interest penalty	4.80% (from 7/7/23)	V	£0.00	£1,000.00
Coventry BS	Regular Saver	A	30 day interest penalty	4.80% (from 7/7/23)	V	£0.00	£500.00
Furness BS	1Y Regular Saver Issue 5	C	1 withdrawal/yr	4.50%	V	£1.00	£250.00
Leeds BS	Regular Saver Issue 36	C	1 withdrawal/yr	4.50%	V	£0.00	£250.00
Saffron BS	Members 12 Month Regular Saver	C	Unlimited	4.50%	V	£0.00	£500.00
Hinckley & Rugby BS	Regular Saver 30 Day Notice	C	Unlimited Subject to 30 day notice	4.50%	V	£10.00	£500.00
Nottingham BS	Summer Saver Issue 2	C	None	4.50%	F	£0.00	£500.00
Leek BS	Regular Saver Account Issue 3	C	3 withdrawals/yr	4.45%	V	£0.00	£500.00
Leeds BS	Home Deposit Saver	C	1 withdrawal/yr	4.40%	V	£0.00	£500.00
Stafford Railway BS	Regular Saver Issue 1	C	4 withdrawals/yr	4.40%	V	£25.00	£500.00
Principality BS	First Home Saver	C	3 penalty free wdls/yr inc closure	3.55% (£1-£2500)	V	£0.00	£1,500.00
				3.75% (£2501-£7500)	V
				4.25% (£7501+)	V
Darlington BS	Regular Saver	C	Unlimited	4.25%	V	£0.00	£750.00
Darlington BS	Green Regular Saver	C	Unlimited	4.25%	V	£0.00	£250.00
Mansfield BS	Regular eSaver	C	Unlimited Subject to 30 day notice	4.25%	V	£10.00	£500.00
Mansfield BS	Regular Saver	C	Unlimited Subject to 30 day notice	4.25%	V	£10.00	£500.00
Bath BS	Homestart Regular Saver	C	2 withdrawals/yr	4.24%	V	£50.00	£250.00
Earl Shilton	Regular Monthly Saver	C	2 withdrawals/yr, £10 hit if no payment	4.10%	V	£10.00	£1,000.00
Chorley BS	Regular Saver (30.04.2024)	C	None	4.00%	F	£0.00	£250.00
Bath BS	Regular Saver	C	1 withdrawal/yr	3.79%	V	£20.00	£250.00
Monmouthshire BS	Regular Saver Bond	C	None	3.75%	F	£0.00	£250.00
Loughborough BS	Limited Access Monthly Saver	C	1 withdrawal/yr	3.75%	V	£1.00	£2,000.00
Beverley BS	Monthly Saver	C	Interest hit of 0.5%	3.70%	V	£10.00	£1,000.00
Buckinghamshire BS	Regular Saver	C	Unlimited	3.65%	V	£0.00	£500.00
Newbury BS	Home Saver	C	2 withdrawals/yr	3.40%	V	£10.00	£500.00
Ecology BS	Regular Saver	C	2 withdrawals/yr	3.30%	V	£25.00	£250.00
Market Harborough BS	Members Regular Saver	C	Unlimited Subject to 30 day notice	3.20%	V	£10.00	£3,000.00
West Brom BS	Access Regular Saver	C	Unlimited	3.10%	V	£20.00	£2,000.00
Loughborough BS	Regular Monthly Saver Account	C	Unlimited	2.50%	V	£0.00	£1,000.00

NLA:

Bank/building society	Name	Calender/Account month	Withdrawals/early closure	Interest rate	Fix/var	Min deposit	Max deposit
Saffron BS	Members Month Loyalty Saver	C	1 withdrawal/mth	9.00%	F	£0.00	£50.00
YBS	Limited Access Monthly Saver Issue 2/loyalty eSaver	C	1 withdrawal/yr	6.00% (from 6/7/23)	V	£0.00	£500.00
Monmouthshire BS	Coronation Regular Saver	C	Unlimited	5.60%	V	£0.00	£300.00
Monmouthshire BS	Christmas saver Bond Issue 5	C	closure s.t very low interest rate	5.50%	F	£0.00	£200.00
YBS	Christmas 2023 Regular Savings Bond	C	1 withdrawal/yr	5.50%(from 6/7/23)	V	£0.00	£300.00
Coventry BS	First Home Saver Issue 1	C	Unlimited	5.45% (from 7/7/23)	V	£0.00	£1,000.00
Nottingham BS	Starter ISA Issue 11	C	None, except transfers out s.t. 180 day interest hit	5.00%	V	£0.00	£1,600.00
Principality BS	Christmas 2023 Regular Savings Bond	C	Early closure only	5.00%	F	£0.00	£125.00
Principality BS	Regular Savings Bond Issue 32	C	Early closure only	4.50%	F	£0.00	£250.00
Saffron BS	Regular Saver ISA	C	Unlimited	4.25%	F	£0.00	£1,650.00
Nationwide BS	Flex Regular Saver	C	3 penalty free wdls/yr inc closure	4.25%	V	£0.00	£200.00
Principality BS	Regular Savings Bond Issue 31	C	Early closure only	4.00%	F	£0.00	£250.00
Vernon BS	Regular Saver ISA	C	2 withdrawals/yr, can miss 1 payment else 0.7% hit	3.70%	V	£25.00	£1,666.00
Principality BS	Regular Savings Bond Issue 30	C	Early closure only	3.25%	F	£0.00	£250.00
Principality BS	Regular Savings Bond Issue 29	C	Early closure only	2.80%	F	£0.00	£250.00
Principality BS	Regular Savings Bond Issue 28	C	Early closure only	2.25%	F	£0.00	£250.00
Principality BS	Regular Savings Bond Issue 27	C	Early closure only	1.50%	F	£0.00	£250.00
Principality BS	Regular Savings Bond Issue 26	C	Early closure only	1.25%	F	£0.00	£250.00

There will be others but these are all the ones I have noted on my spreadsheets (I don't hold all of them though).

The Halifax and BOS regular savers that you mentioned follow the same withdrawal conditions as the ones listed above, as do Lloyds, the only difference being their interest rate.

Sorry for the slight off-topic query but as @Bridlington1 post is super helpful and has saved me hours in legwork, could someone kindly explain how you can save specific posts? I cannot see where to find the posts that I 'like' and no option to bookmark...or is there? 

On mobile phone, hold on the time of the post and then select "copy link address".

On desktop I guess it would be right click 

Add that to your Bookmarks/Favourites

granta

Thank you @ForumUser7 and @wiseonesomeofthetime . I did not realise you could hover over the date/time! 

fabsaver

Bridlington1 said:

Plus I found a rather battered looking 20p on the way home from HSBC on Friday and since I hate having cash earning no interest I will likely need to withdraw a bag of 20ps from one bank, swap the battered one over and deposit it in another bank as I've done a few times before with other denominations.

Extreme moneysaver of the year award goes to Bridlington1. You'd get my vote anyway   

surreysaver

vixen1500 said:

4.5% regular savers  keep or close?  -  Halifax, Bank of Scotland etc.  Are these fixed or variable?   Managed to  get the Newcastle Building Society account @ 4.3%, so thinking these won't be worth having any more.  Do you have to keep them open the full year?  Do you lose interest if closed early?  Can you pay in a smaller amount, maybe £50?  Any thoughts, would love to hear before I start the monthly deposits

Anything at 5.5% or below I'm keeping open and adhering to minimum terms, withdrawing money if there's no penalties.
Only opening new regular savers at 6% and above .
But then I've got the Yorkshire BS Reward ISA which is going up to 5% which still needs filling up. Once that's filled up will probably start filling up the 5.5% regular savers again 

ForumUser7

Do not call Tipton for now.

They are aware of the problem with their app, and are working on processing all applications - they are apparently having to manually run everyone's electronic ID checks, and they've said they'll get in touch with customers if they are required to send ID. They are working down the list one by one and cannot do yours at the time if you call anyway, so worth waiting a few days IMO.

TiVo_Lad

ForumUser7 said:

Do not call Tipton for now.

They are aware of the problem with their app, and are working on processing all applications - they are apparently having to manually run everyone's electronic ID checks, and they've said they'll get in touch with customers if they are required to send ID. They are working down the list one by one and cannot do yours at the time if you call anyway, so worth waiting a few days IMO.

You have to have some sympathy for these smaller Building Societies who are still getting their heads around what it means to offer online services. Chorley, Monmouthshire, Tipton and others have all now experienced what it means to offer a good headline rate and then get overwhelmed by a tsunami of applications that their fledgling IT and (probably) outdated processes just can't deal with.

Malchester

Just spoke to Tipton, very quickly answered. Very apologetic and helpful. Suggested trying the app again later today and if they have accepted the application it will have been forced through to the next stage of applying. If they haven't processed it by then try tomorrow. If they can't validate details will be in touch. 

AndyTh_2

TiVo_Lad said:

ForumUser7 said:

Do not call Tipton for now.

They are aware of the problem with their app, and are working on processing all applications - they are apparently having to manually run everyone's electronic ID checks, and they've said they'll get in touch with customers if they are required to send ID. They are working down the list one by one and cannot do yours at the time if you call anyway, so worth waiting a few days IMO.

You have to have some sympathy for these smaller Building Societies who are still getting their heads around what it means to offer online services. Chorley, Monmouthshire, Tipton and others have all now experienced what it means to offer a good headline rate and then get overwhelmed by a tsunami of applications that their fledgling IT and (probably) outdated processes just can't deal with.

YBS is larger and it's entire login/online banking system is down (possibly down to it's headline rate 4.25% easy access)

ForumUser7

ForumUser7 said:

Do not call Tipton for now.

They are aware of the problem with their app, and are working on processing all applications - they are apparently having to manually run everyone's electronic ID checks, and they've said they'll get in touch with customers if they are required to send ID. They are working down the list one by one and cannot do yours at the time if you call anyway, so worth waiting a few days IMO.

‘Verification Successful’ message displayed - now to wait for a postal User ID code (😐)

OneUser1

I’ve just opened the Tipton App (existing member and App user) and the Regular Saver isn’t an option to open any more. Withdrawn or a temporary glitch?