Regular Savings Accounts: The Best Currently Available List!

ForumUser7

apt said:

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.

They’ve just announced new rates, but no uplift to RSs unfortunately - https://www.nationwidemediacentre.co.uk/news/nationwide-increases-savings-rates-5

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.