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Regular Savings Accounts: The Best Currently Available List!
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I appreciate it's not much use to you now but rather than closing the account and reopening at a higher rate you could've telephoned them whenever they launched a higher rate issue of the small saver and got them to convert the existing account into an account at the higher rate.allegro120 said:
I did that, but at the last increase they've changed my issue7 to "variable", so no need to closing and re-opening anymore. I've got £250 in the account now, 7 more months to go to be eligible for loyalty products. They might not offer anything good then, but you never know.LZC said:
I don’t think my small saver ever got beyond about £100 as I kept on closing it down and reopening as the rates increased!Kazza242 said:The Saffron BS 12 Month Member Regular Saver interest rate will increase from 4.50% to 5.00% w.e.f. 26/07/2023.
Further details about this regular saver, here.
Source: Moneyfacts
I did that a few times last year and finished up converting the small saver into the members regular saver a few months ago and qualified for the 9% regular saver because I'd held that account continuously for over 12 months. It only took a minute or two to convert over the phone each time. I'll be ringing them again on 31/7/23 to convert the members RS back into a small saver.3 -
Tipton and Coseley NLA according to Moneyfacts and their website.If 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 I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read.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.2 -
The Furness Regular Saver has increased its rate to 4.75% from 4.5%. Probably only of interest to existing account holders although it’s still available (and takes up to £250 per month.)0
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Not yet it hasn't. 01 Aug it changes.OneUser1 said:The Furness Regular Saver has increased its rate to 4.75% from 4.5%. Probably only of interest to existing account holders although it’s still available (and takes up to £250 per month.)0 -
You are correct but in my defence Furness are already showing the new rate on their website if you view the Regular Saver.Wheres_My_Cashback said:
Not yet it hasn't. 01 Aug it changes.OneUser1 said:The Furness Regular Saver has increased its rate to 4.75% from 4.5%. Probably only of interest to existing account holders although it’s still available (and takes up to £250 per month.)0 -
Regarding the Skipton 7.5% and Saffron 9% accounts - do either/both allow for withdrawals or closure with interest?0
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Skipton - no withdrawals. Penalty free closure with interest.liamcov said:Regarding the Skipton 7.5% and Saffron 9% accounts - do either/both allow for withdrawals or closure with interest?
If 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.2 -
That's very true but as you can only pay £50 a month into the account it's not going to change your life by cashing it in.liamcov said:I choose the rooms that I live in with care,
The windows are small and the walls almost bare,
There's only one bed and there's only one prayer;
I listen all night for your step on the stair.1
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