Regular Savings Accounts: The Best Currently Available List!

t1redmonkey

MDMD said:

t1redmonkey said:

MDMD said:

t1redmonkey said:

Bit of a long shot but does anyone here have PDF's and/or Key Features saved for the Monmouthshire Xmas Regular Saver + the Coronation Saver?

Christmas saver is here: https://web.archive.org/web/20221203093556/https://www.monbs.com/products/christmas-saver-bond-issue-5/

Just wondering if people's interpretations of the key features of this are the same as mine:

- 12 month duration from when we would've opened it
- Can be closed before 1st October 2023 but interest paid at 0.2% if you do so
- However can be closed after 1st October 2023 (even if this is less than 12 months from when it was opened) and also will receive interest at 5.5% if closure happens on or after this date?

That’s my interpretation. I stopped paying in months ago when better offers came along and the interest rate after tax was lower than my ISA. 

Just going to sit it out but won’t close early as want to maintain membership.

Yeah I'm not planning to close it early, since I paid the max into it from November until June this year, haven't contributed to it since then.  Just trying to figure out the earliest date I can close it to get the money + interest without forfeiting any

aaj123

The RS accounts are turning into a farce as none of them have really upped their rates off late and now the best easy access rate has crept up very close to most of the RS accounts. Nothing less than 6% makes much sense to even bother with if you are even a basic rate tax payer.

Middle_of_the_Road

You are correct that the rates have become less attractive, but any that are 5% or above are still worthwhile, especially if one is reticent about getting involved with the current Tandem hysteria.

aaj123

Middle_of_the_Road said:

You are correct that the rates have become less attractive, but any that are 5% or above are still worthwhile, especially if one is reticent about getting involved with the current Tandem hysteria.

For me, the real comparison is the tax free rate available in ISAs vs the taxable RS rate and here there is literally no comparison at all any more. Ofcourse this is provided you have remaining ISA allowances to fill up but I make use of Flexible ISAs for current and previous year money so always looking to fill that pot up first.

dlevene

aaj123 said:

Middle_of_the_Road said:

You are correct that the rates have become less attractive, but any that are 5% or above are still worthwhile, especially if one is reticent about getting involved with the current Tandem hysteria.

For me, the real comparison is the tax free rate available in ISAs vs the taxable RS rate and here there is literally no comparison at all any more. Ofcourse this is provided you have remaining ISA allowances to fill up but I make use of Flexible ISAs for current and previous year money so always looking to fill that pot up first.

Although the increase in easy access ISA rates over the last couple of BOE raises has been sluggish compared to the bank rate itself or normal EA accounts. Feels like there's a bit of a scramble around 4.8% for normal EA accounts but other products - EA ISAs, RS - left in the cold.

fonesaver

ESBS Regular Saver 4.60%. (up from 4.10%) from 21/08 

happybagger

Nationwide changing rates on "some" of their accounts, does not look like there will be any increase in Start to Save 2 account, new rates for Nationwide BS have been uploaded

source

dekkard

aaj123 said:

The RS accounts are turning into a farce as none of them have really upped their rates off late and now the best easy access rate has crept up very close to most of the RS accounts. Nothing less than 6% makes much sense to even bother with if you are even a basic rate tax payer.

I wonder if some of the people making decisions on this are on holiday and things might change in September.

bristolleedsfan

dekkard said:

aaj123 said:

The RS accounts are turning into a farce as none of them have really upped their rates off late and now the best easy access rate has crept up very close to most of the RS accounts. Nothing less than 6% makes much sense to even bother with if you are even a basic rate tax payer.

I wonder if some of the people making decisions on this are on holiday and things might change in September.

Maybe a consequence of trying to force savings providers to increase lowest paying rates in line with base rates, or at very least focus being on them doing so higher paying types of savings accounts become less attractive, gap between lowest paying and highest paying savings accounts merely narrows.

trickydicky14

Santander Regular saver: Is it possible to close this account online please.