Regular Savings Accounts: The Best Currently Available List!

ForumUser7

flaneurs_lobster said:

trickydicky14 said:

Bridlington1 said:

trickydicky14 said:

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

I was able to close mine by sending them a message in their app so I see no reason why you shouldn't be able to close it by sending them a message in their online webchat.

Just for info, sent message today Saturday to close RS, one hour later all done and dusted, money now in current account. Very impressed.

Did the money transferred include interest earned to date (aka Trailing Interest)?

Just closed my RS but emptied the account first.

I found my interest accrued was paid in in a separate transaction when I last used this method.

Bridlington1

ForumUser7 said:

flaneurs_lobster said:

trickydicky14 said:

Bridlington1 said:

trickydicky14 said:

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

I was able to close mine by sending them a message in their app so I see no reason why you shouldn't be able to close it by sending them a message in their online webchat.

Just for info, sent message today Saturday to close RS, one hour later all done and dusted, money now in current account. Very impressed.

Did the money transferred include interest earned to date (aka Trailing Interest)?

Just closed my RS but emptied the account first.

I found my interest accrued was paid in in a separate transaction when I last used this method.

I've found it to be a bit hit and miss. When I closed the 2.5% regular saver in branch they transferred the contents into my limited eSaver followed by the interest separately. When I closed the 5% regular saver via the app, the final balance including interest was paid into my current account in one transaction.

trickydicky14

flaneurs_lobster said:

trickydicky14 said:

Bridlington1 said:

trickydicky14 said:

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

I was able to close mine by sending them a message in their app so I see no reason why you shouldn't be able to close it by sending them a message in their online webchat.

Just for info, sent message today Saturday to close RS, one hour later all done and dusted, money now in current account. Very impressed.

Did the money transferred include interest earned to date (aka Trailing Interest)?

Just closed my RS but emptied the account first.

Yes interest also paid £4:58p

aaj123

Closed all my regular savers that were paying less than 6%. So now only retaining Club Lloyds, Natwest, RBS and Skipton.

flaneurs_lobster

trickydicky14 said:

flaneurs_lobster said:

trickydicky14 said:

Bridlington1 said:

trickydicky14 said:

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

I was able to close mine by sending them a message in their app so I see no reason why you shouldn't be able to close it by sending them a message in their online webchat.

Just for info, sent message today Saturday to close RS, one hour later all done and dusted, money now in current account. Very impressed.

Did the money transferred include interest earned to date (aka Trailing Interest)?

Just closed my RS but emptied the account first.

Yes interest also paid £4:58p

Yay, (empty) account closed and £4.66 credited to current account.

Bridlington1

Just a reminder the new Coventry BS rates come into force today. Notably:
FHS Issue 1 (NLA) now pays 5.6%
FHS Issue 2 now pays 5.05%
Regular Saver Issue 5 now pays 5.05%

aaj123

Bridlington1 said:

Just a reminder the new Coventry BS rates come into force today. Notably:
FHS Issue 1 (NLA) now pays 5.6%
FHS Issue 2 now pays 5.05%
Regular Saver Issue 5 now pays 5.05%

Useless for most who pay any kind of tax. And even if not, these are so close to simple easy access account rates. Why even bother?

Bigwheels1111

I think I have 8 regular savers still going, but as there is only 1,2 or 3 payments left I will let them end on their own.

The only 2 I will keep are Skipton and First direct.

The spare cash is building up in Tandem now.

kaMelo

aaj123 said:

Bridlington1 said:

Just a reminder the new Coventry BS rates come into force today. Notably:
FHS Issue 1 (NLA) now pays 5.6%
FHS Issue 2 now pays 5.05%
Regular Saver Issue 5 now pays 5.05%

Useless for most who pay any kind of tax. And even if not, these are so close to simple easy access account rates. Why even bother?

Because the FHS issue 1 is in essence an easy access account, the only restriction being limited to £1000 deposit per month. At 5.6% it's more than any easy access account available.

Tax is what it is, if you've no other tax free or zero rated options left then it still makes sense to maximise interest.

jaypers

I effectively binned off TSB and Santander RS accounts over the weekend. Just sticking with Beehive and First Direct now. Going forwards, unless anything is over 7%, I won’t bother with Reg Savers. Wonder if anyone will launch something significant again in the same way First Direct did when they went to 7%.