Regular Savings Accounts: The Best Currently Available List!

Special_Saver2

Hi Everybody,

I have updated page 1 of this thread.

- Darlington BS Regular Monthly Saver interest rate increased to 4.5% gross p.a. variable 

- Hinckley and Rugby BS Regular Saver 30 Day Notice Account interest rate increased to 5% gross p.a. variable from 21st July 2023

- Leek BS Regular Saver interest rate increased to 5% gross p.a. variable from 1st August 2023

- Bath BS 16-25 Regular Saver interest rate increased to 7.29% gross p.a. variable from 1st August 2023

- Bath BS Homestart Regular Saver interest rate increased to 4.69% gross p.a. variable from 1st August 2023

- Stafford Railway BS Regular Saver (Issue 1) interest rate increased to 4.9% from 1st August 2023

- Kent Reliance Regular Savings Account (Issue 11) added to the list on page 1 paying 5% gross p.a. variable on up to £500 per month but can be opened in branch only

I have edited the first post in order to increase the interest rate thresholds. It now has this:

"I am only adding accounts where the interest rate is 5% or better, or 4.5% if the account has favourable conditions (e.g. you can pay in £500 per month or more, or if the account matures after at least 2 years) and any accounts already on the list that do not increase their rates to meet these criteria by early August will then be removed."

I will do the next update in early August.

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

apt

YBS have launched a 6% Loyalty bond fixed till 31 August 2024 which could be useful for those with maturing YBS loyalty regular savers, https://www.ybs.co.uk/savings/product?id=YB271734W   If you go for this account make a note that you need to move money within a month of the bond's maturity otherwise there is an interest rate penalty for withdrawing money.

apt

JamesRobinson48 said:

apt said:

YBS have launched a 6% Loyalty bond fixed till 31 August 2024 which could be useful for those with maturing YBS loyalty regular savers, https://www.ybs.co.uk/savings/product?id=YB271734W   If you go for this account make a note that you need to move money within a month of the bond's maturity otherwise there is an interest rate penalty for withdrawing money.

Please note this thread is intended only for Regular Saver accounts.  Not for what to do with the proceeds of a maturing RS.

If you want to keep this thread strictly to identifying the best available regular savers, which is what it started out as many years ago, you are a few thousand posts too late. It has evolved in a different direction.If you look back a few pages you'll see that the question of what to do with funds from maturing YBS loyalty regular savers has already been raised and discussed. That must have escaped your censorious eye. 

Nick_C

@APT If you think we need a thread for what to do with maturing funds, might I suggest you start one, and leave this useful thread for it's proper purpose. 

P3

Hmmmm 1 yr 6%

Is it time for me to close 5%, 5.5% RS ????

Currently 6 rs over 6%

7 rs @ 5.5%

6 rs @ 5%

Over £5k per month 

allegro120

ForumUser7 said:

Kazza242 said:

Kent Reliance have launched a Regular Saver, paying 5.00%

Regular Savings Account (issue 11).  

Pay in £1 - £500 per month.  The account runs for one year.  

https://www.kentreliance.co.uk/savings/regular-savings-account

Good find, but branch only

I'm now limiting my contributions to 5%ers to whatever minimum they allow. It is very likely that after 3rd August they will be uncompetitive.   

OneUser1

I am merely highlighting this for those who might already hold it. The Market Harborough Regular Saver rising from 3.2% up to 3.6%.

Nick_C

OneUser1 said:

I am merely highlighting this for those who might already hold it. The Market Harborough Regular Saver rising from 3.2% up to 3.6%.

Even though it is off topic

subjecttocontract

What's off topic about it ?
This is a Regular Saver section......the post was about a exactly that.

Nick_C

subjecttocontract said:

What's off topic about it ?
This is a Regular Saver section......the post was about a exactly that.

No.  This thread is to discuss the best currently available RS accounts that meet the criteria on the first page.