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Regular Savings Accounts: The Best Currently Available List!
Comments
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There's a good reason for that. See:subjecttocontract said:
No Halifax @ 5.5% ?Bridlington1 said:
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.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.
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
https://forums.moneysavingexpert.com/discussion/6433933/lbg-closing-all-my-accounts-on-18th-may/p1
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He's just had the email now and his new account is there...along with a second new one. He now has two regular savers...? I thought you could only be named on one...Nick_C said:Tried 3 times and got the "we can't go ahead with your application" error message.
Tried a 4th time and refused saying I could only have one of this type of account.
Went back to the accounts list, and the new account was there.
I think their systems are overwhelmed.1 -
Nationwide still bombing out for me. Guess the IT team didn't plan for the demand on the computer.1
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Nationwide - apart from the Prize Draw, any reason to keep Start to Save Issue 2 open? 5.5% currently and a trifling monthly amount, it was on my list of accounts to close anyway.
I can see it would remain useful for non taxpayers, but I have a YBS Loyalty ISA paying 5.2%, and want to keep my taxable interest below £1000.
I will probably use Start to Save issue 2 to feed the new Flex RS for the next 3 months, and then close it.0 -
I can't see anything stopping you from getting a 13th payment in either and was able to get a 13th payment into the previous Flex Regular Saver with almost identical Ts&Cs if that's anything to go by.Nick_C said:Nationwide Flex Regular Saver - does everyone agree that there is nothing to stop us making a 13th payment on 1/9/24? I read the T&Cs and didn't see anything about a maximum amount for the account.3 -
Oh yes, I'd forgotten the issues with LBG.Bridlington1 said:
There's a good reason for that. See:subjecttocontract said:
No Halifax @ 5.5% ?Bridlington1 said:
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.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.
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
https://forums.moneysavingexpert.com/discussion/6433933/lbg-closing-all-my-accounts-on-18th-may/p11 -
No that's fine, it's a 'calendar month' type RS. I have been making 13 payments for years. My final payment via SO is 01/09/24Nick_C said:Nationwide Flex Regular Saver - does everyone agree that there is nothing to stop us making a 13th payment on 1/9/24? I read the T&Cs and didn't see anything about a maximum amount for the account.
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Bit daft of them to say "try applying again" if it results in multiple (pending) applications from each member. I'd imagine that will only add to the system overload, and at the very least tie up staff to deal with the duplicate accounts.Nick_C said:Tried 3 times and got the "we can't go ahead with your application" error message.
Tried a 4th time and refused saying I could only have one of this type of account.
Went back to the accounts list, and the new account was there.
I think their systems are overwhelmed.
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Some people mentioned it would be good if Nationwide was offering a switching bonus - there is one https://www.nationwidemediacentre.co.uk/news/nationwide-launches-top-of-market-gbp-200-switching-incentive-and-8-percent-regular-saverIf you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.1 -
Thought I would partake of this option for some regular cash we have available. Was really quite surprised by how invasive NW are on information required in the application process (amount you will save this year, how much you earn, address of your employer, etc), which I would consider to be irrelevant for a savings account application.ForumUser7 said:Some people mentioned it would be good if Nationwide was offering a switching bonus - there is one https://www.nationwidemediacentre.co.uk/news/nationwide-launches-top-of-market-gbp-200-switching-incentive-and-8-percent-regular-saver
So, disappointed with NW.Personal Responsibility - Sad but True
Sometimes.... I am like a dog with a bone3
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