Regular Savings Accounts: The Best Currently Available List!

Rudyson

ChewyyBacca said:

Anyone has done early closure of Principality 1 Year Regular Saver Bond (Issue 32)?
There is not link to do it online. I have sent them a message though.

Please share your experience & timelines
Thanks

I closed mine over the phone. Very helpful, money returned same day.

Nick_C

The increase on the Coventry HB Iss 1 is useful.  I've not been funding it lately as I'm trying to keep my annual interest below £1k, but it will allow me to close Halifax at the end of August, and BOS at the end of September, and simplify things a little.

I'm hoping Cambridge BS will launch a decent RS soon.  Bizarrely, their loyalty RS account only pays 4%, but their "Your Saver" account which has far more flexibility is paying 4.4%

georged123

This may sound like a silly question but with the Coventry First Home Saver, can it just be used as a normal regular saver? You aren’t tied into using the money towards any Coventry BS products?

AndyTh_2

georged123 said:

This may sound like a silly question but with the Coventry First Home Saver, can it just be used as a normal regular saver? You aren’t tied into using the money towards any Coventry BS products?

no you're not tied to getting a mortgage with them, and even if you buy a house with another mortgage provider they might not even find out (i.e. to close it)

flaneurs_lobster

georged123 said:

This may sound like a silly question but with the Coventry First Home Saver, can it just be used as a normal regular saver? You aren’t tied into using the money towards any Coventry BS products?

Correct, although if you were to take out a mortgage with Coventry BS during the term of the FHS they will pay you a bonus of (I think) £500, at least that's true of Issue 1. 

ForumUser7

https://www.darlington.co.uk/news/society-members-benefit-from-further-bank-rises/

“The Society will introduce rate changes to all savings accounts in the coming weeks, with some accounts benefitting from a full 0.25 per cent rate increase.”

Alicon88

would you expect an increment in regular saving accounts rates this week?

jim1999

AndyTh_2 said:

georged123 said:

This may sound like a silly question but with the Coventry First Home Saver, can it just be used as a normal regular saver? You aren’t tied into using the money towards any Coventry BS products?

no you're not tied to getting a mortgage with them, and even if you buy a house with another mortgage provider they might not even find out (i.e. to close it)

Also, the account made it fairly clear when it started that you could use it to help save for a family member's first home - even the £500 bonus takes account of this "you, or a member of your family, are a first time buyer who has completed on a Coventry Building Society mortgage in respect to a first residential home" so even buying a home shouldn't be a barrier.

Bridlington1

West Brom have announced some increases from 10/8/23. Among them:
Access Regular Saver from 3.4% to 3.6%
Acorn Regular Savings (NLA) from 5.5% to 5.75%

apt

Alicon88 said:

would you expect an increment in regular saving accounts rates this week?

We are overdue a decent regular saving offer from the Nationwide. Very overdue.