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Regular Savings Accounts: The Best Currently Available List!
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New Tipton RS - Would a kind forumite who calls Tipton on Monday let us know if a phone call avoids having to post id and address documents.
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where_are_we said:New Tipton RS - Would a kind forumite who calls Tipton on Monday let us know if a phone call avoids having to post id and address documents.2
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dingling68 said:ForumUser7 said:Anyone else got a message from Tipton app saying 'To proceed with your application we need to confirm your identity and address'? Frustrating to say the least - was hoping to get a June deposit in
I've opened quite a number of account this year and this is the very first where I've had to have my identity checked this way — startling considering they offer an app!
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allegro120 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.0 -
I have ybs loyalty regular esaver and Christmas 23 regular esaver
Can I open a new ybs regular esaver 5%?0 -
P3 said:I have ybs loyalty regular esaver and Christmas 23 regular esaver
Can I open a new ybs regular esaver 5%?0 -
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
Typically confused and asking for advice0 -
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
Fixed
No - can close at any time. Lloyds and BoS have a clause against reopening if opened one in the past month, but IT systems don’t enforce it.
No interest penalty - interest paid in full upon closure
You can even stop payments entirely I think. If you decide to pay in, min payment is £25 (someone please verify this, I don’t have the old documentation anymore).
There is a method to ‘renew’ and reopen at a higher rate (but starting again from £0) - hopefully someone can link you to this.
EDIT - found it - https://forums.moneysavingexpert.com/discussion/comment/79879297/#Comment_79879297If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.3 -
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: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
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.38
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