Regular Savings Accounts: The Best Currently Available List!

dekkard

Does Principality BS have any track record of increasing rates on fixed-rate regular savers? (Some banks do, despite them being 'Fixed'.)

Growingold

I want to close my LLoyds R/S and get the interest added.  I've transferred out the majority of the money leaving a £1 balance.  How do I get the interest to date paid and close?

10_66

dekkard said:

Does Principality BS have any track record of increasing rates on fixed-rate regular savers? (Some banks do, despite them being 'Fixed'.)

Not in my experience (over many years).

Bridlington1

Growingold said:

I want to close my LLoyds R/S and get the interest added.  I've transferred out the majority of the money leaving a £1 balance.  How do I get the interest to date paid and close?

Renew into an EA account (any EA account will do), then close from there. If the interest doesn't appear straight away in the account, transfer the £1 out of the account and the interest should appear.

Nick_C

Growingold said:

I want to close my LLoyds R/S and get the interest added.  I've transferred out the majority of the money leaving a £1 balance.  How do I get the interest to date paid and close?

https://forums.moneysavingexpert.com/discussion/comment/79879297/#Comment_79879297

Bridlington1

Mansfield's new rates shall be revealed by 22/8/23, let's hope they do something spectacular with their regular saver:

JamesRobinson48

Bridlington1 said:

Mansfield's new rates shall be revealed by 22/8/23, let's hope they do something spectacular with their regular saver:

What an odd remark from Mansfield:  "As interest rates continue to rise across the UK".  Almost like a weather report. True, lately they've been rising almost everywhere except seemingly the Mansfield area.

Wheres_My_Cashback

Bridlington1 said:

Tipton & Cosley BS regular saver to 31/7/24 (NLA) will rise from 5.5% to 5.75% on Saturday. Source: Facebook chat:

Confirmed on online account/app page.

StayinAlive

I have a Skipton RS, opened (and first-funded) on 11th August. I have just noticed under "When can I pay into the account again?" the answer "Your £250 allowance refreshes on the 1st of each month.".

I assume they mean calendar month and therefore I don't have to wait till 11th September to make payment no. 2 but make it on 1st September.

As an aside, and out of curiosity, if you pay in more than your "allowance" in one month, what happens. Do they return it or just not give you interest on it until the next "month"?

refluxer

StayinAlive said:

I have a Skipton RS, opened (and first-funded) on 11th August. I have just noticed under "When can I pay into the account again?" the answer "Your £250 allowance refreshes on the 1st of each month.".

I assume they mean calendar month and therefore I don't have to wait till 11th September to make payment no. 2 but make it on 1st September.

Yes, that's right... and the first of each month going forwards if you want to maximise the amount of interest earned. This can sometimes be used to squeeze in a 13th payment on a 12 month regular saver, although many banks have wised up to this and now cap the account at 12 x the maximum monthly contribution.

StayinAlive said:

As an aside, and out of curiosity, if you pay in more than your "allowance" in one month, what happens. Do they return it or just not give you interest on it until the next "month"?

They will most-likely return it. It often tells you what happens in the event of an over-payment in the account Summary Box / T&Cs.