We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Regular Savings Accounts: The Best Currently Available List!
Comments
-
Every now n again someone comes along and rocks the boat!jaypers said:If anyone still has a Santander RS paying 5%, you may as well bin it. They have today launched a limited edition Easy Access account paying 5.2% (available until 17/9), so you may as well open that and put your money in there. Full discussion on Easy Access thread.
It's meant a busy morning closing accounts, withdrawing balances to minimums, reducing S/Os to minimums, cancelling S/Os, cancelling/emptying round ups, emptying other EA and updating my spreadsheet.
Love it !
6 -
Can you declare your interest as earnings then?@Wheres_My_Cashback said:
Every now n again someone comes along and rocks the boat!jaypers said:If anyone still has a Santander RS paying 5%, you may as well bin it. They have today launched a limited edition Easy Access account paying 5.2% (available until 17/9), so you may as well open that and put your money in there. Full discussion on Easy Access thread.
It's meant a busy morning closing accounts, withdrawing balances to minimums, reducing S/Os to minimums, cancelling S/Os, cancelling/emptying round ups, emptying other EA and updating my spreadsheet.
Love it !
0 -
In my case my regular saver plans have shifted somewhat over the last month since I was using the NLA HEBS branch saver so that caused me to empty a few regular savers earlier than planned (notably Darlington, Principality and Bath Homestart RS among others) but I have since closed it as it won't allow additional deposits from next month and I can't imagine I would have enough funds outside regular savers to warrant keeping it, plus it was one of the only accounts that I deemed to be simply not worth the hassle for me.gt94sss2 said:
Also raises the question about what to do re: other regular savers paying less than 5.2% especially if they allow withdrawals.jaypers said:If anyone still has a Santander RS paying 5%, you may as well bin it. They have today launched a limited edition Easy Access account paying 5.2% (available until 17/9), so you may as well open that and put your money in there. Full discussion on Easy Access thread.
For instance:
- you can reduce your HSBC RS to £25,/month
- withdraw balances from Principality Home saver accounts (perhaps maintain £7.5k)
It also makes the SRBS offer to fund their RS with a one off(up to) £12k less attractive
I expect someone (@Bridlington1?) will be here shortly with chapter and verse of suggestions..
I reduced HSBC to £25/mth a couple of months ago due to having HEBS. I opened the account on 6/12/22 so I've also moved the SO to 2nd since I can't imagine it will beat EA rates before the end of the term (unless they increase their existing customer's "fixed" rates again but I wouldn't bank on that myself).
I closed Principality FHS a while back since I had the NLA HEBS tracker account and couldn't see Principality's FHS beating the base rate for a while. If I still had the account I would be unsure over what to do about it as I'd say it could go either way. I would probably hedge my bets and hold on for now as I did earlier this year but reduce the balance to £7501, whatever you do though don't reduce to £7.5k exactly since that'll still earn tier 2's interest rate. Now that I've closed Principality's FHS I doubt I'll be funding it again since I can't imagine it will be competitive enough for me to warrant having money in those lower tiers for months on end, even if the top rate became competitive again.
SRBS now looks much more vulnerable now. They will only be rising to 5.15% next month so as long as Santander don't reduce their limited edition EA rate in the near future I would imagine it would be at least November, if not December by the time they stand any chance of beating my top EA accounts again. I think I'll empty SRBS now since it looks like I'll probably be back to having emptying regular savers in the next couple of months and it was likely going to soon be on my hitlist for accounts to empty to fill other regular savers up anyway. I can't imagine I'll have more than £12k free to put in it before the end of the year so can just use my one off payment in December to replace the withdrawn funds if it does become competitive again. Note they will not let you split the one off £12k deposit into multiple smaller transactions so I'd say hold off making the one off deposit till November/December.
Coventry at 5.05% will likely still receive funding from me, though I'll probably fund it towards the end of the month for now since they've rarely been uncompetitive for the time I've had the account. I wouldn't empty the account though due to the interest penalty so it just makes more sense to me to fund at the end of its month in my case.
Leeds Home Deposit at 5.15% received full funding from me on 1st and the 0.05% gap between that and Santander is too small for me to risk emptying it for now and will still likely receive full funding from me since I'll still have free funds in EA accounts in October once SRBS is empty so will hedge my bets a bit. I made the error of emptying Coventry's FHS last year when it paid 2.95% when EA rates were 3% so don't want to make the same error with Leeds over the same 0.05% gap.
In the absence of a crystal ball the above could prove to be a complete load of nonsense as it is largely just me speculating what will happen to some regular savers but it's the logic I'm currently using if it's any use to anyone.7 -
@Bridlington1
Think it was you who did a list of RS acs you (one) can close without notice or penalty?
It'd be really useful to have 'to hand' since the Santander 5.2% ripples, but I can't find it now - do you have a link?
0 -
Can you fund the MONBS RS Issue 2 straight away? I thought I had to wait until they've received my signed letter and registered me etc.Reg_Smeeton said:Satisfied Monmouthshire customer here, two letters arrived over the weekend and two accounts funded as of this morning. Their very competitive rates at the moment more than outweigh any minor procedural clunkiness. IMO.1 -
If you've got the 10-digit account number then you can add funds.DJDools said:
Can you fund the MONBS RS Issue 2 straight away? I thought I had to wait until they've received my signed letter and registered me etc.Reg_Smeeton said:Satisfied Monmouthshire customer here, two letters arrived over the weekend and two accounts funded as of this morning. Their very competitive rates at the moment more than outweigh any minor procedural clunkiness. IMO.
You may wish to wait until you have online access if you want to verify the deposit.1 -
soulsaver said:@Bridlington1
Think it was you who did a list of RS acs you (one) can close without notice or penalty?
It'd be really useful to have 'to hand' since the Santander 5.2% ripples, but I can't find it now - do you have a link?Currently AvailableBank/
building society-------------------------------Name Calender/
Account month--------Withdrawals/
early closureInterest rate Fix/var Min deposit------ Max deposit------ Monmouthshire BS Exclusive Regular Saver C Unlimited 8.00% V £0.00 £300.00 Skipton BS Members Branch Regular Saver C Early closure only 7.50% F £0.00 £250.00 Bath BS 16-25 Regular Saver C 2 withdrawals/yr 7.49% V £10.00 £50.00 First Direct Regular Saver Account A Closure s.t very low interest rate 7.00% F £25.00 £300.00 Lloyds Club Lloyds Monthly Saver C Unlimited 6.25% F £0.00 £400.00 RBS Digital Regular Saver C Unlimited 6.17% V £0.00 £150.00 Natwest Digital Regular Saver C Unlimited 6.17% V £0.00 £150.00 Penrith BS Regular Saver 300 (Heartland only) C 3 penalty free wdls/yr 6.00% V £1.00 £300.00 Saffron BS Small Saver Issue 6 C 1 withdrawal/mth 5.75% V £1.00 £50.00 Principality BS Regular Savings Bond Issue 33 C Early closure only 5.50% F £0.00 £250.00 Nationwide BS Start to Save Issue 2 C Unlimited 5.50% V £0.00 £50.00 Halifax Regular Saver C Early closure only 5.50% F £0.00 £250.00 BOS Regular Saver C Unlimited 5.50% F £0.00 £250.00 YBS Regular Saver C 2 withdrawals/yr 5.25% V £0.00 £250.00 Lloyds Monthly Saver C Unlimited 5.25% F £0.00 £250.00 Leeds BS Regular Saver Issue 23-42 C 1 withdrawal/yr 5.25% V £0.00 £250.00 Cumberland BS Regular Saver Issue 3 A Interest hit of 0.65% if 2+ deposits missed or 2+ withdrawals 5.25% V £0.00 £250.00 Saffron BS Members 12 Month Regular Saver C Unlimited 5.25% V £0.00 £500.00 Hinckley & Rugby BS Regular Saver 30 Day Notice C Unlimited Subject to 30 day notice 5.25% V £10.00 £500.00 Leeds BS Home Deposit Saver C 1 withdrawal/yr 5.15% V £0.00 £500.00 Chorley BS Regular Saver (30.07.2024) C None 5.15% (from 20/9/23) V £0.00 £250.00 Stafford Railway BS Regular Saver Issue 1 C 4 withdrawals/yr 5.15% (from 1/10/23) V £25.00 £1,000.00 Coventry BS First Home Saver Issue 2 C 60 day notice or interest penalty 5.05% V £0.00 £1,000.00 Coventry BS Regular Saver A 30 day interest penalty 5.05% V £0.00 £500.00 West Brom BS Adult's Fixed Rate Regular Saver Issue 6 C None 5.00% F £0.00 £250.00 TSB Monthly Saver C Unlimited 5.00% F £0.00 £250.00 Santander Regular e-saver A Unlimited 5.00% F £0.00 £200.00 Loughborough BS 1Y Fixed Monthly Saver C None 5.00% F £1.00 £500.00 Leek BS Regular Saver Account Issue 3 C 3 withdrawals/yr 5.00% V £0.00 £500.00 Kent Reliance BS Regular Savings Issue 11 C Unlimited 5.00% V £1.00 £500.00 HSBC Regular Saver A closure s.t very low interest rate 5.00% F £25.00 £250.00 Bath BS Homestart Regular Saver C 2 withdrawals/yr 4.89% V £50.00 £250.00 Principality BS First Home Saver C 3 penalty free wdls/yr inc closure 4.1% (£1-£2500) V £0.00 £1,500.00 4.3% (£2501-£7500) V 4.8% (£7501+) V Furness BS 1Y Regular Saver Issue 5 C 1 withdrawal/yr 4.75% V £1.00 £250.00 Loughborough BS Limited Access Monthly Saver C 1 withdrawal/yr 4.75% (from 5/9) V £1.00 £2,000.00 Earl Shilton Regular Monthly Saver C 2 withdrawals/yr, £10 hit if no payment 4.60% V £10.00 £1,000.00 Darlington BS Regular Saver C Unlimited 4.60% V £0.00 £750.00 Mansfield BS Regular eSaver C Unlimited Subject to 30 day notice 4.50% V £10.00 £500.00 Mansfield BS Regular Saver C Unlimited Subject to 30 day notice 4.50% V £10.00 £500.00 Dudley BS One Year Regular Saver Online Issue 3 C Early closure only 4.40% V £0.00 £850.00 Dudley BS One Year Regular Saver Issue 8 C Early closure only 4.40% V £0.00 £850.00 Bath BS Regular Saver C 1 withdrawal/yr 4.39% V £20.00 £250.00 Cumberland BS First Home Saver Account Issue 2 A Unlimited subject to 90 day notice 4.35% V £100.00 £1,500.00 Newbury BS Home Saver C 2 withdrawals/yr 4.25% V £10.00 £500.00 Vernon BS Regular Saver ISA C 2 withdrawals/yr, can miss 1 payment else 0.7% hit 4.15% V £25.00 £1,666.00 Buckinghamshire BS Regular Saver C Unlimited 4.10% V £0.00 £500.00 Beverley BS Monthly Saver C Interest hit of 0.5% 4.10% V £10.00 £1,000.00 Cambridge BS Reward Regular Saver C Closure s.t 90 day interest penalty 4.00% F £0.00 £300.00 Ecology BS Regular Saver C 2 withdrawals/yr 3.75% V £25.00 £250.00 Market Harborough BS Members Regular Saver C Unlimited Subject to 30 day notice 3.75% V £10.00 £3,000.00 West Brom BS Access Regular Saver C Unlimited 3.60% V £20.00 £2,000.00 Virgin Money Home Buying Regular Saver Issue 19 C Unlimited 3.00% F £0.00 £250.00 Loughborough BS Regular Monthly Saver Account C Unlimited 2.50% V £0.00 £1,000.00
NLA:Bank/
building society-----------------------Name Calender/
Account month--Withdrawals/
early closureInterest rate-- Fix/var Min deposit-- Max deposit Saffron BS Members Month Loyalty Saver C 1 withdrawal/mth 9.00% F £0.00 £50.00 Monmouthshire BS Regular Saver Issue 2 C Unlimited 7.00% V £0.00 £300.00 YBS Limited Access Monthly Saver Issue 2/loyalty eSaver C 1 withdrawal/yr 6.25% V £0.00 £500.00 Beehive Online Fixed Regular Saver C None (matures 31/7/24) 6.00% F £0.00 £250.00 Nottingham BS Branch Fixed Regular Saver C None 6.00% F £0.00 £250.00 YBS Christmas 2023 Regular Savings Bond C 1 withdrawal/yr 5.75% V £0.00 £300.00 Tipton & Cosley BS Regular Saver to 31 July 2024 branch+post/app version C None unless 3 payments are missed (converts to EA) 5.75% V £50.00 £500.00 Monmouthshire BS Coronation Regular Saver C Unlimited 5.60% V £0.00 £300.00 Coventry BS First Home Saver Issue 1 C Unlimited 5.60% V £0.00 £1,000.00 Monmouthshire BS Christmas saver Bond Issue 5 C closure s.t very low interest rate 5.50% F £0.00 £200.00 Chorley BS Seasonal Saver (all issues) C None 5.15% V £0.00 £250.00 Chorley BS Regular Saver (all issues) C None 5.15% V £0.00 £250.00 Melton BS Regular Saver 3 C Unlimited 5.00% V £0.00 £200.00 Nottingham BS Starter ISA Issue 11 C None, except transfers out s.t. 180 day interest hit 5.00% V £0.00 £1,600.00 Principality BS Christmas 2023 Regular Savings Bond C Early closure only 5.00% F £0.00 £125.00 Darlington BS Green Regular Saver C Unlimited 4.60% V £0.00 £250.00 Darlington BS Special Occasion Saver C Unlimited 4.60% V £0.00 £250.00 Nottingham BS Summer Saver Issue 2 C None (matures 31/8/24) 4.50% F £0.00 £500.00 Principality BS Regular Savings Bond Issue 32 C Early closure only 4.50% F £0.00 £250.00 Nationwide BS Flex Regular Saver C 3 penalty free wdls/yr inc closure 4.50% V £0.00 £200.00 Buckinghamshire BS Regular Saver Locals C Unlimited 4.50% V £0.00 £500.00 Saffron BS Regular Saver ISA C Unlimited 4.25% F £0.00 £1,650.00 Darlington BS High Days and Holiday Saver C Unlimited 4.15% V £0.00 £250.00 Principality BS Regular Savings Bond Issue 31 C Early closure only 4.00% F £0.00 £250.00 Monmouthshire BS Regular Saver Bond Issue 8 C None 3.75% F £0.00 £250.00 West Brom BS Adult's Fixed Rate Regular Saver Issue 5 C None 3.50% F £0.00 £250.00 Nottingham BS Seasonal Saver Issue 5 C None (matures 30/11/24) 3.50% F £0.00 £500.00 Principality BS Regular Savings Bond Issue 30 C Early closure only 3.25% F £0.00 £250.00 Principality BS Regular Savings Bond Issue 29 C Early closure only 2.80% F £0.00 £250.00 Melton BS Jubilee Regular Saver C None (matures 31/7/24) 2.70% F £0.00 £250.00 Beehive Home Starter Regular Saver C None (matures 31/10/23) 2.50% F £0.00 £500.00 Nottingham BS Seasonal Saver Issue 4 C None (matures 14/11/23) 2.50% F £0.00 £500.00 Virgin Money Home Buying Regular Saver Issue 18 C Unlimited 2.25% F £0.00 £250.00 Principality BS Regular Savings Bond Issue 28 C Early closure only 2.25% F £0.00 £250.00 West Brom BS Adult's Fixed Rate Regular Saver Issue 4 C None 2.00% F £0.00 £250.00 Virgin Money Home Buying Regular Saver Issue 12-17 C Unlimited 1.75% F £0.00 £250.00 Principality BS Regular Savings Bond Issue 27 C Early closure only 1.50% F £0.00 £250.00 Nottingham BS Seasonal Saver Issue 3 C None (matures 14/11/23) 1.50% F £0.00 £300.00 Principality BS Regular Savings Bond Issue 26 C Early closure only 1.25% F £0.00 £250.00 23 -
-
Just spoken on the phone to Stafford Railway Building Society, their Regular Saver now accepts up to £1,000 per month and the interest is going up to 5.15% from 1st October 2023. Plus you can start with a lump sum (£1,000 I think), so potentially in the first month you can put in £2,000. No term on it, so only deposit restriction is a maximum of £100k in the account.
Saving goal for 2025: £17,561/£30,000 (58%)
Saving goal for 2024: £27k - achieved0 -
I received my Monmouthshire Savings Passbook in the post today .... I haven't had a passbook for a good 30 years I think! It's so cute 😊1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards