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Regular Savings Accounts: The Best Currently Available List!

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  • schiff
    schiff Posts: 20,270 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 13 June 2020 at 12:08PM
    schiff said:
    Chorley Building Society Loyalty Seasonal Savers (Issues 1 and 2) reduce from 2.5% variable to 1.85% variable on 30 June. I have Issue 1 which is due to mature on 31 October. Good for Chorley holding off the reduction for longer than others, and also for not reducing the rate on the Members RS due to mature on 30th June. I do like Chorley BS!
    How did you learn about that pse? I've had nothing.
    I reckon Hattie625 got the same letter I got in this morning's post. Yours might arrive Monday?
    I was too quick off the mark, my letter also came today, just. As others do I feel a bit protective about Chorley (and Nottingham) and I wish they had saved money, with postage being so expensive, by advising us of this by e-mail.
  • lucky77
    lucky77 Posts: 217 Forumite
    Part of the Furniture 100 Posts
    Do you have a letter listing any other LBS RS account rate amendments?  Monthly saver (first issue without a number, or other issues) and Save to Buy?

    No. My letter only referred to Loughborough MS 2 saver. Fingers crossed the others aren't going down yet but I strongly suspect they will follow shortly.
  • Archi_Bald
    Archi_Bald Posts: 9,681 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    HSBC Regular Saver rollover: Just to mention, if it hasn't been already - my HSBC and First Direct RS accounts both matured recently, and in both cases I found I was able to apply online for a new RS as soon as the original one disappeared from Internet Banking, which was the day before maturity. The new accounts were up and running and showing in Internet Banking the working day following the original maturity date, so only "drifted" by 1 day. This is an improvement on previous years, and I presume M&S would be the same, but I'm still in my first year with M&S so haven't had a rollover yet.
    This hasn't been the case for my First Direct regular saver.  It has been over two weeks since the account matured and disappeared, yet I still cannot open a new one.  The call centre are useless, and refused to open one over the phone.

    Mine matured yesterday, I noticed it had disappeared around 1am,  I found I was able to apply online for a new RS from Internet Banking :)
    Same for me. I expect the new account to show online by Tuesday or Wednesday at the latest.
    The funds from my matured RS became available in my FD current account yesterday (Sunday). The new RS has appeared today. Smooth work by First Direct. 
  • The new RS product launched today by Mansfield BS seems marginal at best: 1.2% variable (including 0.2% bonus in first year), max £250 pm for indefinite life, available to 'Local and Loyal' members only. But I might go for it anyhow, what with new RS launches being so scarce recently and savings rates still trending downhill. 
  • JamesRobinson48
    JamesRobinson48 Posts: 281 Forumite
    Eighth Anniversary 100 Posts Name Dropper
    edited 19 June 2020 at 10:31AM
    Kent Reliance Issue 5 out today:  1.50% (replacing Issue 4 at 2.00%).
  • eddie7612
    eddie7612 Posts: 51 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Kent Reliance Issue 5 out today:  1.50% (replacing Issue 4 at 2.00%).
     :( 
    Will they now lower the existing Issue 3 and 4 ones to 1.5%? They did before when they cut the rate.
  • schiff
    schiff Posts: 20,270 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Kent Reliance Issue 5 out today:  1.50% (replacing Issue 4 at 2.00%).
    Branch only - for those who didn't know.
  • Saver53
    Saver53 Posts: 22 Forumite
    Sixth Anniversary 10 Posts
    Kent Reliance will accept postal applications (phone HQ to be sent the forms) and open the RS account.  You will need to specify a branch from which you will (eventually) collect the passbook but payments in can be made in the meantime remotely by internet banking etc.  
  • lhsecons
    lhsecons Posts: 128 Forumite
    100 Posts Second Anniversary Name Dropper
    SFindlay said:
    New Virgin RS released, issue 17, however paying only 1% so giving this issue a miss!! 
    Yes no point in that. I’m still getting1.15% from Marcus.
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