Regular Savings Accounts: The Best Currently Available List!

Nick_C

I've just closed my Lloyds RS @ 5.25%.  My lowest paying RS is now Coventry First Home Saver Issue 1, paying 5.45% and with amazing flexibility.  (NLA)

I'm trying to make sure my taxable interest stays below £1k, and my true savings (excess monthly income) are going into YBS ISA at 5% (also NLA).

pookey

Nick_C said:

I've just closed my Lloyds RS @ 5.25%.  My lowest paying RS is now Coventry First Home Saver Issue 1, paying 5.45% and with amazing flexibility.  (NLA)

I'm trying to make sure my taxable interest stays below £1k, and my true savings (excess monthly income) are going into YBS ISA at 5% (also NLA).

That ISA is pretty good. I put a lump sum for this tax year in it in April and I'm adding to it as I go. I have a couple of RS but anything new I open won't make it into this tax year funds so I'm going to open  a couple more RS for the next tax year

fabsaver

ForumUser7 said:

fabsaver said:

The Mansfield BS Regular eSaver 30 is now lagging instant access rates at 4.25%. Plus it's not even instant access as 30 days written notice required.

The rate hasn't increased since the 1st June. The increase before that was 1st March. I hope that doesn't mean that the next increase won't happen until 1st September 

If you’re unhappy, probably put it on notice. If they see lots of notice requests, perhaps they’ll consider increasing the rate to retain funds.

I've done that. It was surprisingly quick and easy to do online. Hopefully it will spur them into action if enough people give notice.

If they don't respond I can get 4.5% EA in my Coventry 4 Access (NLA). Probably more by the time the money arrives.

ChewyyBacca

pookey said:

ChewyyBacca said:

I have Principality First Home Steps Account Online Issue 2
Im in Tier 2 atm & will take another 2 months to reach Tier 3

Tier	Balance	Gross interest rate
Tier 1	£1.00 - £2,500.00	3.90% (Variable)
Tier 2	£2,500.01 - £7,500.00	4.10% (Variable)
Tier 3	£7,500.01 - £25,000.00	4.60% (Variable)

Does it make sense to keep money here or to go for a 90 day notice acct @5%

Thanks

I think the 90days notice account will work out better provided you don't need the money any time soon. That being said there might be another increase beginning of August so might be worth while to put the money in a high interest easy access saver 

Thanks
Any press release from Principality to increase these rates at all any time soon?

Bridlington1

ChewyyBacca said:

pookey said:

ChewyyBacca said:

I have Principality First Home Steps Account Online Issue 2
Im in Tier 2 atm & will take another 2 months to reach Tier 3

Tier	Balance	Gross interest rate
Tier 1	£1.00 - £2,500.00	3.90% (Variable)
Tier 2	£2,500.01 - £7,500.00	4.10% (Variable)
Tier 3	£7,500.01 - £25,000.00	4.60% (Variable)

Does it make sense to keep money here or to go for a 90 day notice acct @5%

Thanks

I think the 90days notice account will work out better provided you don't need the money any time soon. That being said there might be another increase beginning of August so might be worth while to put the money in a high interest easy access saver 

Thanks
Any press release from Principality to increase these rates at all any time soon?

They last increased yesterday so I'd be surprised if we saw these rates increase again all that quickly.

ChewyyBacca

Bridlington1 said:

ChewyyBacca said:

pookey said:

ChewyyBacca said:

I have Principality First Home Steps Account Online Issue 2
Im in Tier 2 atm & will take another 2 months to reach Tier 3

Tier	Balance	Gross interest rate
Tier 1	£1.00 - £2,500.00	3.90% (Variable)
Tier 2	£2,500.01 - £7,500.00	4.10% (Variable)
Tier 3	£7,500.01 - £25,000.00	4.60% (Variable)

Does it make sense to keep money here or to go for a 90 day notice acct @5%

Thanks

I think the 90days notice account will work out better provided you don't need the money any time soon. That being said there might be another increase beginning of August so might be worth while to put the money in a high interest easy access saver 

Thanks
Any press release from Principality to increase these rates at all any time soon?

They last increased yesterday so I'd be surprised if we saw these rates increase again all that quickly.

Thanks
Will withdraw money on Monday. Missed 3:30 pm deadline! D'oh

gt94sss2

Bridlington1 said:

Buckinghamshire BS regular saver has now risen to 3.85% (up from 3.65%).
See: https://www.bucksbs.co.uk/getfile/12182

Thanks. Have reduced my monthly payment to £10 and will withdraw the rest idc

Bridlington1

gt94sss2 said:

Bridlington1 said:

Buckinghamshire BS regular saver has now risen to 3.85% (up from 3.65%).
See: https://www.bucksbs.co.uk/getfile/12182

Thanks. Have reduced my monthly payment to £10 and will withdraw the rest idc

Thee's no requirement to fund the account regularly so you don't actually need to deposit £10/mth, you can reduce the balance and stop funding it. Also the balance may be reduced below £10 if needed since there's no minimum balance either, all that will happen is the interest rate will reduce to 0.1%.

simonsmithsays

Tipton

Application by post successfully opened after sending off on first day of launch 

Special_Saver2

Hi Folks,

I have updated page 1 of this thread.

- Chase Saver Account (feeder account) interest rate updated to 3.8% AER (3.74% gross) variable

- Principality BS 1 Year Regular Saver Bond (Issue 33) updated from issue 32 with the new issue paying 5.5% gross fixed

- Yorkshire Regular Saver Account and Yorkshire Regular e-Saver Account interest rate increased to 5% gross p.a. variable

- Coventry BS Regular Saver (Issue 5) interest rate increased to 4.8% gross p.a. variable

- Penrith BS Junior Affinity Regular Saver (children only) interest rate increased to 4.7% gross p.a. variable

- Penrith BS Regular Saver 300 added which is for locals and existing members only and pays 6% gross p.a. variable on up to £300 per month for 36 months

- Melton BS Regular Saver (Issue 3) removed as no longer available

- Tipton and Coseley BS Regular Saver until 31.07.24 added paying 5.5% gross p.a. variable on up to £500 per month until 31st July 2024, no withdrawals allowed (except that if three monthly payments are missed, upon the third missed payment, the account will revert into an Easy Access Maturity Saver account)

- Saffron BS Members' Month Loyalty Saver removed as no longer available

- Cumberland BS Regular Saver interest rate increased to 5% gross p.a. variable from 6th July 2023

- Nationwide BS Start to Save (Issue 2) interest rate increased to 5.5% gross p.a. variable from 14th July 2023

- Chorley BS Regular Saver added paying 5% gross p.a. variable from 20th July 2023 on up to £250 per month until 30th June 2024 but no withdrawals or early closure are allowed

- Principality BS First Home Steps Savings Account (Issue 3) and Principality BS First Home Steps Online Savings Account (Issue 2) interest rate increased to 3.9% - 4.6% gross p.a. variable (3.9% if your balance is £2,500, then 4.1% if your balance is £2,501 - £7,500 then 4.6% from £7,500 to £25,000)

- Principality BS Gift Saver interest rate increased to 4.35% gross p.a. variable

- Leeds BS Home Deposit Saver interest rate increased to 4.9% gross p.a. variable

- Leeds BS Regular Saver (Issue 42) replaces issue 41 and paying 5% gross p.a. variable on up to £250 per month until 6th July 2025 (so almost 2 years' time)

- Coventry BS First Home Saver (Issue 2) interest rate increased to 4.8% gross p.a. variable

- Furness BS 1 Year Regular Saver (Issue 5) interest rate increased to 4.75% gross p.a. variable from 1st August 2023 

- BeehiveMoney Online Fixed Regular Saver added paying 6% gross p.a. fixed on up to £250 per month until 31st July 2024, no withdrawals or early closure allowed

- Nottingham BS Branch Fixed Regular Saver added paying 6% gross p.a. fixed on up to £250 per month until 31st July 2024, no withdrawals or early closure allowed, branch only

I will do the next update next weekend.

SS2

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For those new to this thread, the first few posts are regularly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1