Regular Savings Accounts: The Best Currently Available List!

Frogletina

flaneurs_lobster said:

Frogletina said:

I then tried to make a payment into it from my Santander account but it said the account number was not recognised. 

From the email received after opening the account this morning

Just so you know, if you’re paying in using another building society or bank, it may take up to 24 hours before they can find your new account details to make the payment.

Thank you. I will check tomorrow so that I can set up a standing order.

SFindlay

Nick_C said:

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.

No real reason to keep it open as only 1 more prize draw next February.  I really only kept it open this long to have a funded savings account open to qualify for the members bonus if paid next year (like the £100 earlier this year) and it was the best interest rate going but now the RS will qualify anyway so like you I'm just going to use the Start to Save to Fund the RS.

OneUser1

SonOfPearl said:

I'm an existing NW member and have tried to open the new regular saver four times without success this morning. They are clearly having some problems, perhaps due to the number of applicants, or maybe some other IT issue. I think I'll wait until later today to see if the account appears on my internet banking and if not I'll try again. 

I’m probably telling you something you already know but you need a Nationwide Current Account to open it. Not just an existing Nationwide Savings Account.

charlie12525

SonOfPearl said:

I'm an existing NW member and have tried to open the new regular saver four times without success this morning. They are clearly having some problems, perhaps due to the number of applicants, or maybe some other IT issue. I think I'll wait until later today to see if the account appears on my internet banking and if not I'll try again. 

Same for me... "We can't complete your application at the moment"

flaneurs_lobster

chris_the_bee said:

Hattie627 said:

For those who opened the Coventry BS First Home Saver (the original one) on launch date (22 September 2021) (currently paying 5.60% variable) today is the annual interest payment date. Interest not showing yet, perhaps later today/overnight,

The account has one more year to run (it was for 3 years). 

This account lasts for 36 months. The interest is calculated daily and paid annually, on the anniversary of the date you opened the account.

Thanks for the heads-up. I have the interest payment set to add to the FHS itself. Can I assume that this amount can be in addition to the standard £1K max monthly deposit?

Bridlington1

flaneurs_lobster said:

chris_the_bee said:

Hattie627 said:

For those who opened the Coventry BS First Home Saver (the original one) on launch date (22 September 2021) (currently paying 5.60% variable) today is the annual interest payment date. Interest not showing yet, perhaps later today/overnight,

The account has one more year to run (it was for 3 years). 

This account lasts for 36 months. The interest is calculated daily and paid annually, on the anniversary of the date you opened the account.

Thanks for the heads-up. I have the interest payment set to add to the FHS itself. Can I assume that this amount can be in addition to the standard £1K max monthly deposit?

Interest payments paid into the account don't count towards the £1k monthly deposit limit.

chris_the_bee

subjecttocontract said:

Bridlington1 said:

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

No Halifax @ 5.5% ?

Or Bank of Scotland 5.5%?

BestSeagull

chris_the_bee said:

subjecttocontract said:

Bridlington1 said:

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

No Halifax @ 5.5% ?

Or Bank of Scotland 5.5%?

Also Lloyds banking group. 

chris_the_bee

flaneurs_lobster said:

chris_the_bee said:

Hattie627 said:

For those who opened the Coventry BS First Home Saver (the original one) on launch date (22 September 2021) (currently paying 5.60% variable) today is the annual interest payment date. Interest not showing yet, perhaps later today/overnight,

The account has one more year to run (it was for 3 years). 

This account lasts for 36 months. The interest is calculated daily and paid annually, on the anniversary of the date you opened the account.

Thanks for the heads-up. I have the interest payment set to add to the FHS itself. Can I assume that this amount can be in addition to the standard £1K max monthly deposit?

Yes, interest added to the FHS is in addition to the regular £1K monthly deposit.

r6mile

I got the same error 3 times trying to apply for the Nationwide Regular Saver, but a couple of hours later it appeared on my app.