Regular Savings Accounts: The Best Currently Available List!

wiseonesomeofthetime

Bridlington1 said:

From 14/8/23 Coventry will raise their rates, among them:
FHS Issue 1 (NLA) to 5.6%
FHS Issue 2 to 5.05%
Regular Saver Issue 5 to 5.05%

Interesting how they only increase Issue 1 by 0.15%, yet increase Issue 2 by the full 0.25bpp.

Maybe because 1 is NLA and 2 has heaps of restictions 🤷‍♂️

Hattie627

Can anyone provide a link please to Leeds BS Regular Saver accounts increasing to 5.25% from 15th August (as posted here earlier today)? I can't find this on their website.

Bridlington1

Hattie627 said:

Can anyone provide a link please to Leeds BS Regular Saver accounts increasing to 5.25% from 15th August (as posted here earlier today)? I can't find this on their website.

https://www.leedsbuildingsociety.co.uk/savings/savings-account-changes/

EDIT: I've now amended my original post to include the link.

flaneurs_lobster

wiseonesomeofthetime said:

Bridlington1 said:

From 14/8/23 Coventry will raise their rates, among them:
FHS Issue 1 (NLA) to 5.6%
FHS Issue 2 to 5.05%
Regular Saver Issue 5 to 5.05%

Interesting how they only increase Issue 1 by 0.15%, yet increase Issue 2 by the full 0.25bpp.

Maybe because 1 is NLA and 2 has heaps of restictions 🤷‍♂️

Not sure whether to be smug that I scored Issue 1 or miffed that today's rise is only .15%. 

Glass half full methinks.

Alicon88

I am very doubtful whether or not is a good choice to lock up some money now or keep waiting
I already lock some with Lloyds just to see the interest rate going up only a week after and now I don't know what's the best thing to do..

Bazzalona13295

Alicon88 said:

I am very doubtful whether or not is a good choice to lock up some money now or keep waiting
I already lock some with Lloyds just to see the interest rate going up only a week after and now I don't know what's the best thing to do..

I am sure there are many better equipped than me to advise but I'm happy to lock funds away for a year. I've got various accounts which will mature throughout the next 6-9 months so I'll see where we are at each stage, certainly don't want to put it all away but a portion is fine.

For what its worth I don't think interest rates will rise too much more, maybe another 0.25-0.5% which might mean another 0.2/0.3% for us if we're lucky?
However there is always a possibility that with Xmas coming some will try to bump up some rates for a limited time.

But thats just me so see what others say.

Bazzalona13295

Alicon88 said:

I am very doubtful whether or not is a good choice to lock up some money now or keep waiting
I already lock some with Lloyds just to see the interest rate going up only a week after and now I don't know what's the best thing to do..

Second post!

Don't forget some banks like Atom do 6 or 9 month fixes if that appeals more.

Alicon88

Bazzalona13295 said:

Alicon88 said:

I am very doubtful whether or not is a good choice to lock up some money now or keep waiting
I already lock some with Lloyds just to see the interest rate going up only a week after and now I don't know what's the best thing to do..

Second post!

Don't forget some banks like Atom do 6 or 9 month fixes if that appeals more.

sorry if I repeated myself!
I don't like the idea to come late to the party or in this case come to early ahah
I guess I have some interest rate  FOMO

PixelPound

Alicon88 said:

Bazzalona13295 said:

Alicon88 said:

I am very doubtful whether or not is a good choice to lock up some money now or keep waiting
I already lock some with Lloyds just to see the interest rate going up only a week after and now I don't know what's the best thing to do..

Second post!

Don't forget some banks like Atom do 6 or 9 month fixes if that appeals more.

sorry if I repeated myself!
I don't like the idea to come late to the party or in this case come to early ahah
I guess I have some interest rate  FOMO

In that case, how much are you missing out whilst you wait? If you keep a sum in a lower EA (say 2% lower). The fix has to be much higher in 3,4 or however many months when you jump to make up for lost interest.

Bazzalona13295

Alicon88 said:

Bazzalona13295 said:

Alicon88 said:

I am very doubtful whether or not is a good choice to lock up some money now or keep waiting
I already lock some with Lloyds just to see the interest rate going up only a week after and now I don't know what's the best thing to do..

Second post!

Don't forget some banks like Atom do 6 or 9 month fixes if that appeals more.

sorry if I repeated myself!
I don't like the idea to come late to the party or in this case come to early ahah
I guess I have some interest rate  FOMO

Please don't apologise, it was my fault, it was ME doing a second post I was referring to, I suddenly remembered the 6-9 month fixes and didn't know how to edit a post haha.

I know roughly 10 months ago I fixed a couple of small bonds for 12 months at 4.4% when I think the best instant access was 2.5/2.75%?
 
Now we're 1.5% above that for fixes and possibly about the same for the instant access pots.
I don't see that going up that much further although judging by what was said the other day the rate will stay 'high' (relatively speaking) for a while.

I wouldn't be going all in one way or the other but at least if you do spread the fixes you know where you are, I'm going to do one in a months time, its just a case of how much and how long.

These savings pots that Monzo and Santander do does help in that respect as I don't feel I'm missing out hugely just holding some in those.