Regular Savings Accounts: The Best Currently Available List!

friolento

TiVo_Lad said:

allegro120 said:

liamcov said:

Re the Beehive/Notts 6% accounts, I know no withdrawals are allowed, but what if one closes the accounts - will interest still be paid or is there a penalty?

You can't close it until 01/08/2024.

If I recall the earlier conversation in this thread correctly, if you don't fund the Beehive RS for three months, they'll convert it into a normal EA account so you can then get your money out that way.

I wish they did do this. I have the prior issue of their current RS. As it pays only 3.5%, I have not added anything since last November. It's still an RS, still at 3.5%, and I can't get out of it. It also means I am not eligible for the current issue as they only allow you one RS.

soulsaver

TiVo_Lad said:

I hate getting old...

Better than being old..

OneUser1

Ecology Regular Saver rising to 3.75% from 3.3% on the 13th July. Still available but will only appeal to those who are trying to complete the set or back the Green credentials of the Ecology.

ForumUser7

OneUser1 said:

Ecology Regular Saver rising to 3.75% from 3.3% on the 13th July. Still available but will only appeal to those who are trying to complete the set or back the Green credentials of the Ecology.

Thanks for flagging. Also good for those who need direct debits.

ForumUser7

ForumUser7 said:

JamesRobinson48 said:

ForumUser7 said:

For Darlington BS, has anyone got the new rates showing on their online  building-societying platform please? My Green RS rate now shows 4.50%, but the Regular Monthly Saver only 4.25%.

Good spot. Just now my 'Darlingtonline' shows 4.25% for the Regular Monthly Saver and 4.50% for Special Occasions Savers.

Feels unlikely it’d update later in the day, given the rates were updated on the site in the early hours of the morning. Probably worth dropping them a message to get it fixed - I hope the rate they are using to calculate is the correct rate, and not the one displayed!

@JamesRobinson48 My rates now appear to be corrected - are yours too?

ForumUser7

Source ~ MoneyFacts

dgpur

Huh. With Tandem offering 4.36% in an EA, surely none of us would go for that?

I mean, I like to have as many RS accounts open as I can, but 5% is definitely my current baseline.

ForumUser7

dgpur said:

Huh. With Tandem offering 4.36% in an EA, surely none of us would go for that?

I mean, I like to have as many RS accounts open as I can, but 5% is definitely my current baseline.

I might open it to get membership with them.

Granted, it isn’t the best rate but still fits the criteria for the list as max pay in is £850 per month -  “I am only including accounts where the interest rate is 4.5% or better, or 4% 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).”

Bridlington1

ForumUser7 said:

dgpur said:

Huh. With Tandem offering 4.36% in an EA, surely none of us would go for that?

I mean, I like to have as many RS accounts open as I can, but 5% is definitely my current baseline.

I might open it to get membership with them.

Granted, it isn’t the best rate but still fits the criteria for the list as max pay in is £850 per month -  “I am only including accounts where the interest rate is 4.5% or better, or 4% 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).”

I've noticed on their website though that they also have an EA saver, which although it has a £1k minimum opening and operating balance, the terms seem to imply that the balance could be reduced to below £1k at a later date, so this could possibly be the better one if you are just wanting membership since the balance may be able to be reduced to 1p or even nil. I've sent them an email to confirm if this is the case though. 

I also couldn't help but notice that it appears deposits can be made into their online accounts by debit card so that's another plus to the online regular saver I suppose.

Assuming it follows the terms of the online issue 2, the interest rate would be variable, so may rise to something more competitive in the future, though I have some doubts as to whether it will to be honest but for £50 it may be worth hedging your bets.

If I had a large chunk of EA savings below 4.4% I'd most likely be opening this account for the marginal difference in interest. but currently I'm not fully funding anything below the base rate due to my having the tracker accounts so I'll hold off since I can't imagine this account being competitive enough over the next year to warrant me funding it.

EDIT: Please disregard the first paragraph, they will close the account if the balance falls below the minimum operating balance, apologies for the misinformation.

bristolleedsfan

dgpur said:

Huh. With Tandem offering 4.36% in an EA, surely none of us would go for that?

I think for some, particularly citizens who are economically inactive opening many regular saver accounts is more of a hobby than anything else.