Regular Savings Accounts: The Best Currently Available List!

Barkin

Kaizen917 said:

Im a bit baffled to see the gap between instant and RS so narrow now. A rate around 5% is hardly worth it by this point.

My lowest paying RS is currently 5.25%, I can get the money should I want it, and it's a better rate (just) than EA accounts. So I'm happy... for now. 

Nebulous2

Kaizen917 said:

Im a bit baffled to see the gap between instant and RS so narrow now. A rate around 5% is hardly worth it by this point.

Banks were using keen regular saver deals to respond to criticism about interest rates, but that was not accepted by the politicians, nor by the press. 

I think the debate has moved on and RS accounts are not being pushed by banks as they were. 

I'm funding more than I can afford from income, all at over 5%, so they have served a purpose for me. 

happybagger

MiserlyMartin said:

ForumUser7 said:

OneUser1 said:

Penrith Building Society have sent me an email saying they have increased their variable rates. But you have to contact them to find out the new rates. Anyone know whether this means the 6% Regular Saver has increased? 

The find out more button brings you to a page that has a button for information on current rates. No RS300 increase yet

If you go to their website https://www.penrithbs.co.uk/news/interest-rates/
it has details of the rate increase happening on 22/08/2023. Many accounts eg the RG 200 is going up, but no mention of the RS 300, so therefore we can take it that there is no increase, which is pretty poor.

Those rate changes are from 2022

happybagger

granta said:

happybagger said:

Mansfield haven't changed the closed issue RS accounts since June 1st. I have 2 and they are in my hit list. One likely to be closed. The other cut to minimum.
In my experience they won't reveal the new rate even on a branch visit until the date of implementation 

Is this the 30 day notice one? I gave notice 28 days ago in the hope that rates might rise but now just looking forward to receiving the cash and depositing elsewhere.

I don't know about the 30 day one.
Mine are both the instant access ones now closed issue 

simonsmithsays

MiserlyMartin said:

ForumUser7 said:

OneUser1 said:

Penrith Building Society have sent me an email saying they have increased their variable rates. But you have to contact them to find out the new rates. Anyone know whether this means the 6% Regular Saver has increased? 

The find out more button brings you to a page that has a button for information on current rates. No RS300 increase yet

If you go to their website https://www.penrithbs.co.uk/news/interest-rates/
it has details of the rate increase happening on 22/08/2023. Many accounts eg the RG 200 is going up, but no mention of the RS 300, so therefore we can take it that there is no increase, which is pretty poor.

That document is from 2022.

It's already been identified on this thread that the RS200 (or RS300) has no increase this
time and will remain at 4 and 6% respectively.

Saver53

MiserlyMartin said:

ForumUser7 said:

OneUser1 said:

Penrith Building Society have sent me an email saying they have increased their variable rates. But you have to contact them to find out the new rates. Anyone know whether this means the 6% Regular Saver has increased? 

The find out more button brings you to a page that has a button for information on current rates. No RS300 increase yet

If you go to their website https://www.penrithbs.co.uk/news/interest-rates/
it has details of the rate increase happening on 22/08/2023. Many accounts eg the RG 200 is going up, but no mention of the RS 300, so therefore we can take it that there is no increase, which is pretty poor.

MiserlyMartin's link takes you to the rate increases effective from 22/08/2022..

dlevene

Re. Penrith BS, is there any detailed information about what "Heartland" areas are eligible to open accounts; maybe a list of postcodes? Want to know if "Lancashire" might cover the ceremonial county,  ie. include Manchester....

happybagger

dlevene said:

Re. Penrith BS, is there any detailed information about what "Heartland" areas are eligible to open accounts; maybe a list of postcodes? Want to know if "Lancashire" might cover the ceremonial county,  ie. include Manchester....

Yes, 

This account is available to Heartland residents or existing members of the Society and can be opened in branch or by post. (To be classed as an existing member you must have held either a savings account or a mortgage for at least the last 12 months. Heartland is defined as Cumbria, Northumberland, Tyne & Wear, County Durham, Lancashire and Yorkshire)

source

dlevene

happybagger said:

dlevene said:

Re. Penrith BS, is there any detailed information about what "Heartland" areas are eligible to open accounts; maybe a list of postcodes? Want to know if "Lancashire" might cover the ceremonial county,  ie. include Manchester....

Yes, 

This account is available to Heartland residents or existing members of the Society and can be opened in branch or by post. (To be classed as an existing member you must have held either a savings account or a mortgage for at least the last 12 months. Heartland is defined as Cumbria, Northumberland, Tyne & Wear, County Durham, Lancashire and Yorkshire)

source

Yes I've seen that, I'm trying to get more specific information about what they class as Lancashire 

kaMelo

No harm in trying although I suspect it  means the current, post 74, Lancashire rather than the historical boundary.