Regular Savings Accounts: The Best Currently Available List!

ColdIron

Non working days for Internal Standing Orders

It's been this way for as long as I remember

Bigwheels1111

Am I going mad or is £1250.00 a month in Regular savers a bit over board.

That is £15,000 a year.

No wonder I have no cash.

First Direct 7% £300 First of the month.

Skipton 7.5% £250 First of the month.

YBS 7% £500 First of the month.

Nationwide 8% £200 First of the month.

jim1999

Bigwheels1111 said:

Am I going mad or is £1250.00 a month in Regular savers a bit over board.

That is £15,000 a year.

No wonder I have no cash.

First Direct 7% £300 First of the month.

Skipton 7.5% £250 First of the month.

YBS 7% £500 First of the month.

Nationwide 8% £200 First of the month.

Yeah, in the old days I'd tend to find mine were staggered somewhat, so there would be one ending every couple of months and the money would roll over, but with the quick changes to base rate this year I've got loads that started together, so I'll have a lot tied up in ~6 months' time.

Section62

Bigwheels1111 said:

Am I going mad or is £1250.00 a month in Regular savers a bit over board.

It would be easy enough to do 10 times that figure, given some dedication to the craft.

Bridlington1

Bigwheels1111 said:

Am I going mad or is £1250.00 a month in Regular savers a bit over board.

That is £15,000 a year.

No wonder I have no cash.

If you think that's overboard, according to my calculations I'll be paying £7821 into regular savers next month. Mine's largely just me moving my own money about since I empty EA accounts into regular savers and once they're exhausted I empty regular savers into higher paying regular savers. It could be considered overboard but I don't care as I quite enjoy it really.

EDIT: Here is my October provisional list. Everything at or below SRBS I do not plan to fully fund so shows the minimum funding:

Bank/building society	Name				Interest rate		Deposit
Saffron BS	Members Month Loyalty Saver				9.00%		£50.00
Nationwide BS	Flex Regular Saver Issue 2				8.00%		£200.00
Monmouthshire BS	Exclusive Regular Saver				8.00%		£300.00
Skipton BS	Members Branch Regular Saver				7.50%		£250.00
Bath BS	16-25 regular saver				7.49%		£50.00
YBS	Loyalty 2023 Regular eSaver				7.00%		£500.00
First Direct	Regular Saver				7.00%		£300.00
Monmouthshire BS	Regular Saver Issue 2				7.00%		£300.00
Tipton & Cosley BS	Regular Saver to 31 October 2024 app				6.20%		£250.00
Natwest	Digital Regular Saver				6.17%		£150.00
RBS	Digital Regular Saver				6.17%		£150.00
Mansfield BS	Kick Start Regular Savings (7th issue)				6.10%		£250.00
Penrith BS	Regular Saver 300 (Heartland only)				6.00%		£300.00
YBS	Christmas 2023 Regular Savings Bond				5.75%		£300.00
Tipton & Cosley BS	Regular Saver to 31 July 2024 app				5.75%		£500.00
Saffron BS	Small Saver				5.75%		£50.00
Monmouthshire BS	Coronation Regular Saver				5.60%		£300.00
Coventry BS	First Home Saver				5.60%		£1,000.00
Principality BS	Regular Savings Bond Issue 33				5.50%		£250.00
Nationwide BS	Start to Save Issue 2				5.50%		£50.00
Monmouthshire BS	Christmas saver Bond Issue 5				5.50%		£200.00
Coventry BS	Regular Saver				5.50%		£500.00
YBS	Regular Saver				5.25%		£250.00
Hinckley & Rugby BS	Regular Saver 30 Day Notice				5.25%		£500.00
Leeds BS	Regular Saver Issue 36				5.25%		£250.00
Leeds BS	Home Deposit Saver				5.15%		£500.00
Stafford Railway BS	Regular Saver Issue 1				5.15%		£25.00
HSBC	Regular Saver				5.00%		£25.00
Loughborough BS	Limited Access Monthly Saver				4.75%		£1
Bath BS	Homestart Regular Saver				4.89%		£50.00
Darlington BS	Regular Saver				4.60%		£0.00
Darlington BS	Green Regular Saver				4.60%		£0.00
Mansfield BS	Regular eSaver				4.50%		£10.00
Mansfield BS	Regular Saver				4.50%		£10.00
Buckinghamshire BS	Regular Saver				4.10%		£0.00

Bazzalona13295

Bigwheels1111 said:

Am I going mad or is £1250.00 a month in Regular savers a bit over board.

That is £15,000 a year.

No wonder I have no cash.

First Direct 7% £300 First of the month.

Skipton 7.5% £250 First of the month.

YBS 7% £500 First of the month.

Nationwide 8% £200 First of the month.

Thats what I have, plus the Nat West one at 6%.
I feed them from my EA savings so it doesn't affect me too much.

Edit - one thing I am catching on to is paying them all as often as possible on the
1st of the month.
For a while I've staggered them but guess that just loses me interest even though its sat in a 5.2% account.

friolento

ColdIron said:

Non working days for Internal Standing Orders

It's been this way for as long as I remember

mine is an internal SO

Section62

friolento said:

ColdIron said:

Non working days for Internal Standing Orders

It's been this way for as long as I remember

mine is an internal SO

The screenshot is of the general 'regular payment' setup page, so they warn that SO's will be processed the next working day.  There's no dedicated internal 'regular payment' setup page.

The practice however is that internal SO's are processed on non-working days.

Strictly speaking NW should change that wording, but I doubt they will.

Thumbs_Up

Bigwheels1111 said:

Am I going mad or is £1250.00 a month in Regular savers a bit over board.

That is £15,000 a year.

No wonder I have no cash.

First Direct 7% £300 First of the month.

Skipton 7.5% £250 First of the month.

YBS 7% £500 First of the month.

Nationwide 8% £200 First of the month.

The monthly interest from my NS&I bond will feed –

Coventry first saver £1000.

First direct £300.

NatWest  £150.

All easy accessible, I will give the Nationwide a miss.  

ColdIron

friolento said:

ColdIron said:

Non working days for Internal Standing Orders

It's been this way for as long as I remember

mine is an internal SO

Yes it's misleading but it will go on the date you specify

In the past when they used internal/roll account numbers it was a problem as you had to fund the RS from a NW account and the internal SO could trigger before the incoming payment. But now that they use regular sort code/account numbers you can fund it externally, ideally from another account that fires on the day you tell it to, e.g. Chase