Regular Savings Accounts: The Best Currently Available List!

chris_the_bee

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

Both Halifax and BoS regular savers are now 5.5% fixed. You should close your old 4.5% fixed  versions and then take out the newer 5.5% versions. Much better rate than 4.3% Newcastle. You don't need to keep them open for a year, you don't lose interest if closed early. You can pay a lower amount, minimum £25 per month.  

dealyboy

@Bridlington1 ... all I can say is ... wow!

Sorry one more thing - FD is £300

ForumUser7

chris_the_bee 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

Both Halifax and BoS regular savers are now 5.5% fixed. You should close your old 4.5% fixed  versions and then take out the newer 5.5% versions. Much better rate than 4.3% Newcastle. You don't need to keep them open for a year, you don't lose interest if closed early. You can pay a lower amount, minimum £25 per month.  

You should renew your old 4.5% fixed  versions and then take out the newer 5.5% versions. Don’t close them - the renewal somehow makes their systems think it was easy access all along

Bridlington1

dealyboy said:

@Bridlington1 ... all I can say is ... wow!

Sorry one more thing - FD is £300

Thanks for pointing this out, this has been corrected now. When I added FD to the list I think I'd done a copy and paste of HSBC since the new rates emerged at about the same time.

EDIT: Also one of the Loughborough accounts was out of place so this has now been moved.

P3

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.)	V	£0.00	£1,000.00
Coventry BS	Regular Saver	A	30 day interest penalty	4.80%(from 7/7.)	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
Loughborough BS	Limited Access Monthly Saver	C	1 withdrawal/yr	3.75%	V	£1.00	£2,000.00
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
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.

Very helpful and organised 

Nick_C

P3 said:

Very helpful and organised 

If only there was a button to thank people for useful posts. 

P3

If I have NatWest c.a but not RBS.

Can I open RBS regular saver ??? (I already got NatWest RS)

ircE

I remember when top EA rates were around 2% and FD's RS was 6%. When top EA rates breached 3%, FD rose to 7% (and others rose too, not far behind). But now we've far exceeded 4% on the top EA rates, I can't be the only one feeling the RS rates, across the board, are slacking?

Yorkshire, for example. Why would I be attracted to yet another 5% RS when their own top unlimited EA rate is only 1pp lower?

ForumUser7

P3 said:

If I have NatWest c.a but not RBS.

Can I open RBS regular saver ??? (I already got NatWest RS)

You can hold both NW and RBS DRS but you would need to open an RBS C.A. too

vixen1500

Wish I was that organised,  used to do the monthly payments by standing order, but now do manually - more work I  know but don't keep enough cash in the current account to cover them and our easy saver takes a while to transfer money