Regular Savings Accounts: The Best Currently Available List!

Ed-1

ForumUser7 said:

Principality BS First Home Saver Online Issue 2:



Some other accounts have gone up too (learner earner issue 3, gift saver etc.). No new fixed rate RS issue at this time.

Learner Earner Issue 1&2 from 5.55% to 5.75%.

rallycurve

ForumUser7 said:

Principality BS First Home Saver Online Issue 2:



Some other accounts have gone up too (learner earner issue 3, gift saver etc.). No new fixed rate RS issue at this time.

This used to be a top regular saver but it might be time to ditch it as its top tier rate is now the same as the top easy access accounts.

Wheres_My_Cashback

rallycurve said:

ForumUser7 said:

Principality BS First Home Saver Online Issue 2:



Some other accounts have gone up too (learner earner issue 3, gift saver etc.). No new fixed rate RS issue at this time.

This used to be a top regular saver but it might be time to ditch it as its top tier rate is now the same as the top easy access accounts.

These and Darlington used to be up there with the best, I removed all but £1 from my 4 Darlington accounts a couple of months ago and had withdrawn funds to leave enough in the Principality FHS1 and 2 to stay in the top tier, but now it looks as if it's time to shut them down and move it all into Tandem.
Furness 4.75% and SRBS 4.90% accounts in danger of going to unless there are imminent announcements to increase along with another 8 at 5%, but 4 of those are fixed at 5% so could go now.

someone

rallycurve said:

ForumUser7 said:

Principality BS First Home Saver Online Issue 2:



Some other accounts have gone up too (learner earner issue 3, gift saver etc.). No new fixed rate RS issue at this time.

This used to be a top regular saver but it might be time to ditch it as its top tier rate is now the same as the top easy access accounts.

Principality BS First Home Saver(s)
I have three different issues/modes of these. Like you say rates have deteriorated compared to market. It felt like recent rises where not been passed on fully. All three accounts have been "on notice" for some time waiting to see if they lurch forward. Two accounts already cleared out and one left with £7501 waiting for what happens next. Based on this it seems like they will sit the accounts under BoE base rate going forward so pulled the plug on the last one today. 5% at easy access for now (better rate, improved terms, all win win for now).

More generally

Reg saver wise anything under 6% is not interesting, there is currently one 5% that I will probably renew as it it sits along side main current account and allows instant access so will treat as spare change if there is issues accessing money to cover something that has to be paid that day.

Personally it will be nice to let some of these accounts lapse and close just to simplify my affairs. 

PSA is quite restrictive at higher rates so ISAs are my main focus. Circumstances mean S&S ISA wont yet get continuation but will be keeping that under review.

t1redmonkey

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?

MDMD

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.

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.