The Top Regular Savers Discussion Thread

where_are_we

Coventry 4AS @4.85% - I have already used 2 of my 4 withdrawals. I will probably do the 3rd and 4th at the beginning of May and June to fund many RS`s. So hopefully no rate change until then.

janusdesign

allegro120 said:

Middle_of_the_Road said:

allegro120 said:

where_are_we said:

happybagger said:

@Bridlington1 - Rate reduction

Hanley Economic Building Society

Online Regular Saver (NLA)

Reduces from 5.00% to 4.70% wef 1 May 2025

source

Just checked the t&cs of this account, as I was going to reduce it to the minimum.
For anyone else thinking of doing that the minimum is £250 p/m. Closure for me.

 Hanley RS was open ended with no maturity, so might thave been worth keeping if minimum monthly funding was low eg £25/month. I will be closing mine as well. It will release funds for new 25-26 ISA deposits.

They did have a Member RS in the past so I might open an easy access online with £100 and after 10 days reduce that to £1 to keep a presence?

Hanley
I’ve just had a look. No member RS, they offer member loyalty EA paying 3.1%. “You must have been a member of the Society for a minimum period of 2 years. Membership is defined as having either a savings balance of £100 or more or a mortgage balance of £100 or more for a minimum period of 2 years prior to the date of opening a Member Loyalty Reward savings account.”…. “ You can withdraw once per calendar month without notice or penalty up to £500 in cash and £50,000 by cheque on demand from our branches or by sending us your written instructions.” 

They offer online instant access paying 1.61%. Minimum £100 deposit. Can reduce it to £1 10 days after opening.  I might do that for continuous membership, but haven’t decided yet. 

As for the existing RS, I will have to withdraw (2 withdrawals for me because I have more that £10k in this account) or close.  It may be worth use 3 months payment holiday and see what happens in July with regards to rates. The inconvenience will be keeping the interest compounding at 4,7%, which is too low for me.

Low for a regular saver, but where else  will be offering 4.7% with no withdrawal restrictions? 
I only see Tembo non-flexible ISA.

2 Cahoots are paying 5% on £6k, 4 Cahoots 4.75% on £12k, Coventry 4 access 4.85%, 2 Coventry 5 access 4.75%.

note that the Coventry 5 Access accounts are paying 4.50% rather than 4.75% since 6th February 2025.

allegro120

janusdesign said:

allegro120 said:

Middle_of_the_Road said:

allegro120 said:

where_are_we said:

happybagger said:

@Bridlington1 - Rate reduction

Hanley Economic Building Society

Online Regular Saver (NLA)

Reduces from 5.00% to 4.70% wef 1 May 2025

source

Just checked the t&cs of this account, as I was going to reduce it to the minimum.
For anyone else thinking of doing that the minimum is £250 p/m. Closure for me.

 Hanley RS was open ended with no maturity, so might thave been worth keeping if minimum monthly funding was low eg £25/month. I will be closing mine as well. It will release funds for new 25-26 ISA deposits.

They did have a Member RS in the past so I might open an easy access online with £100 and after 10 days reduce that to £1 to keep a presence?

Hanley
I’ve just had a look. No member RS, they offer member loyalty EA paying 3.1%. “You must have been a member of the Society for a minimum period of 2 years. Membership is defined as having either a savings balance of £100 or more or a mortgage balance of £100 or more for a minimum period of 2 years prior to the date of opening a Member Loyalty Reward savings account.”…. “ You can withdraw once per calendar month without notice or penalty up to £500 in cash and £50,000 by cheque on demand from our branches or by sending us your written instructions.” 

They offer online instant access paying 1.61%. Minimum £100 deposit. Can reduce it to £1 10 days after opening.  I might do that for continuous membership, but haven’t decided yet. 

As for the existing RS, I will have to withdraw (2 withdrawals for me because I have more that £10k in this account) or close.  It may be worth use 3 months payment holiday and see what happens in July with regards to rates. The inconvenience will be keeping the interest compounding at 4,7%, which is too low for me.

Low for a regular saver, but where else  will be offering 4.7% with no withdrawal restrictions? 
I only see Tembo non-flexible ISA.

2 Cahoots are paying 5% on £6k, 4 Cahoots 4.75% on £12k, Coventry 4 access 4.85%, 2 Coventry 5 access 4.75%.

note that the Coventry 5 Access accounts are paying 4.50% rather than 4.75% since 6th February 2025.

I got it wrong, thanks for correcting. I said it from memory (bad memory) without looking at my spreadsheet. I haven’t used 5 access yet, there always were better EA accounts available.

PowerSavingMode

allegro120 said:

Middle_of_the_Road said:

allegro120 said:

where_are_we said:

happybagger said:

@Bridlington1 - Rate reduction

Hanley Economic Building Society

Online Regular Saver (NLA)

Reduces from 5.00% to 4.70% wef 1 May 2025

source

Just checked the t&cs of this account, as I was going to reduce it to the minimum.
For anyone else thinking of doing that the minimum is £250 p/m. Closure for me.

 Hanley RS was open ended with no maturity, so might thave been worth keeping if minimum monthly funding was low eg £25/month. I will be closing mine as well. It will release funds for new 25-26 ISA deposits.

They did have a Member RS in the past so I might open an easy access online with £100 and after 10 days reduce that to £1 to keep a presence?

Hanley
I’ve just had a look. No member RS, they offer member loyalty EA paying 3.1%. “You must have been a member of the Society for a minimum period of 2 years. Membership is defined as having either a savings balance of £100 or more or a mortgage balance of £100 or more for a minimum period of 2 years prior to the date of opening a Member Loyalty Reward savings account.”…. “ You can withdraw once per calendar month without notice or penalty up to £500 in cash and £50,000 by cheque on demand from our branches or by sending us your written instructions.” 

They offer online instant access paying 1.61%. Minimum £100 deposit. Can reduce it to £1 10 days after opening.  I might do that for continuous membership, but haven’t decided yet. 

As for the existing RS, I will have to withdraw (2 withdrawals for me because I have more that £10k in this account) or close.  It may be worth use 3 months payment holiday and see what happens in July with regards to rates. The inconvenience will be keeping the interest compounding at 4,7%, which is too low for me.

Low for a regular saver, but where else  will be offering 4.7% with no withdrawal restrictions? 
I only see Tembo non-flexible ISA.

2 Cahoots are paying 5% on £6k, 4 Cahoots 4.75% on £12k, Coventry 4 access 4.85%, 2 Coventry 5 access 4.75%.

Cahoot Sunny Day Saver? If so, six? I thought it was one max per account holder. How?!

allegro120

PowerSavingMode said:

allegro120 said:

Middle_of_the_Road said:

allegro120 said:

where_are_we said:

happybagger said:

@Bridlington1 - Rate reduction

Hanley Economic Building Society

Online Regular Saver (NLA)

Reduces from 5.00% to 4.70% wef 1 May 2025

source

Just checked the t&cs of this account, as I was going to reduce it to the minimum.
For anyone else thinking of doing that the minimum is £250 p/m. Closure for me.

 Hanley RS was open ended with no maturity, so might thave been worth keeping if minimum monthly funding was low eg £25/month. I will be closing mine as well. It will release funds for new 25-26 ISA deposits.

They did have a Member RS in the past so I might open an easy access online with £100 and after 10 days reduce that to £1 to keep a presence?

Hanley
I’ve just had a look. No member RS, they offer member loyalty EA paying 3.1%. “You must have been a member of the Society for a minimum period of 2 years. Membership is defined as having either a savings balance of £100 or more or a mortgage balance of £100 or more for a minimum period of 2 years prior to the date of opening a Member Loyalty Reward savings account.”…. “ You can withdraw once per calendar month without notice or penalty up to £500 in cash and £50,000 by cheque on demand from our branches or by sending us your written instructions.” 

They offer online instant access paying 1.61%. Minimum £100 deposit. Can reduce it to £1 10 days after opening.  I might do that for continuous membership, but haven’t decided yet. 

As for the existing RS, I will have to withdraw (2 withdrawals for me because I have more that £10k in this account) or close.  It may be worth use 3 months payment holiday and see what happens in July with regards to rates. The inconvenience will be keeping the interest compounding at 4,7%, which is too low for me.

Low for a regular saver, but where else  will be offering 4.7% with no withdrawal restrictions? 
I only see Tembo non-flexible ISA.

2 Cahoots are paying 5% on £6k, 4 Cahoots 4.75% on £12k, Coventry 4 access 4.85%, 2 Coventry 5 access 4.75%.

Cahoot Sunny Day Saver? If so, six? I thought it was one max per account holder. How?!

You can have 2 accounts per issue, one sole and one joint, and I open new issues as soon as they are launched.

PowerSavingMode

allegro120 said:

PowerSavingMode said:

allegro120 said:

Middle_of_the_Road said:

allegro120 said:

where_are_we said:

happybagger said:

@Bridlington1 - Rate reduction

Hanley Economic Building Society

Online Regular Saver (NLA)

Reduces from 5.00% to 4.70% wef 1 May 2025

source

Just checked the t&cs of this account, as I was going to reduce it to the minimum.
For anyone else thinking of doing that the minimum is £250 p/m. Closure for me.

 Hanley RS was open ended with no maturity, so might thave been worth keeping if minimum monthly funding was low eg £25/month. I will be closing mine as well. It will release funds for new 25-26 ISA deposits.

They did have a Member RS in the past so I might open an easy access online with £100 and after 10 days reduce that to £1 to keep a presence?

Hanley
I’ve just had a look. No member RS, they offer member loyalty EA paying 3.1%. “You must have been a member of the Society for a minimum period of 2 years. Membership is defined as having either a savings balance of £100 or more or a mortgage balance of £100 or more for a minimum period of 2 years prior to the date of opening a Member Loyalty Reward savings account.”…. “ You can withdraw once per calendar month without notice or penalty up to £500 in cash and £50,000 by cheque on demand from our branches or by sending us your written instructions.” 

They offer online instant access paying 1.61%. Minimum £100 deposit. Can reduce it to £1 10 days after opening.  I might do that for continuous membership, but haven’t decided yet. 

As for the existing RS, I will have to withdraw (2 withdrawals for me because I have more that £10k in this account) or close.  It may be worth use 3 months payment holiday and see what happens in July with regards to rates. The inconvenience will be keeping the interest compounding at 4,7%, which is too low for me.

Low for a regular saver, but where else  will be offering 4.7% with no withdrawal restrictions? 
I only see Tembo non-flexible ISA.

2 Cahoots are paying 5% on £6k, 4 Cahoots 4.75% on £12k, Coventry 4 access 4.85%, 2 Coventry 5 access 4.75%.

Cahoot Sunny Day Saver? If so, six? I thought it was one max per account holder. How?!

You can have 2 accounts per issue, one sole and one joint, and I open new issues as soon as they are launched.

Cahoot Sunny Day Saver

Ah, I thought it was a maximum of one sole, but it seems it's PER issue...although the T&Cs do not make it completely clear. And sorry for hijacking this forum for a non-RS query!

happybagger

T&Cs are clear that it's one sunny day saver
If someone gets away with adding the phrase "per issue" to their interpretation that may well work, but it isn't what it says.
I agree that many accounts do add "of any issue", such as (since this is the RS thread) the Skipton members account, and Chorley's RS account, to clarify.

This is a well worn topic by now.

Bridlington1

Loughborough BS One Year Fixed Rate Monthly Saver (Issue 2) at 5.05% NLA

s71hj

Am I remembering correctly that somebody did a post listing all the currently available decent regular savers that can be "refreshed " easily and how to go about it? I thought there was such a post but I struggle with the search facility on this app no end!

Kim_13

s71hj said:

Am I remembering correctly that somebody did a post listing all the currently available decent regular savers that can be "refreshed " easily and how to go about it? I thought there was such a post but I struggle with the search facility on this app no end!

Bridlington1 on page 182 of this thread:
https://forums.moneysavingexpert.com/discussion/comment/81360023#Comment_81360023