The Top Regular Savers Discussion Thread

Bridlington1

allegro120 said:

flaneurs_lobster said:

Well the general advice is that you should always choose the account with the highest rate so that's the MonBS @ 6%. Also it will accept up to £500/mth rather than £250, and allows withdrawals during the term.

But the Suffolk BS's rate is fixed for a year. 

I'd keep both open, fund the MonBS to the maximum I could afford and minimum fund the Suffolk at £10/mth.

It's a hedge in case rates at the MonBS drop to less than 5% during the term. 

There's no minimum, except £10 to open.  It's in t&c - "If you miss a monthly deposit, your account will remain open until maturity, and you can continue to save monthly."  I've had Suffolk since March and only made 3 deposits, and definitely going to give it a miss in August. 

I opened one about a year ago and have only make one deposit (£10 to open the account). Essentially I wanted an account for membership purposes and this fit the bill rather nicely.

surreysaver

Bear in mind too, that the Monmouthshire account is easy access, so you'll be able to take your money out if you need it for a better rate elsewhere. Whereas the Suffolk one you cannot withdraw from.

NotWhereIWantToBe

Can anyone help point me in the direction of the “way back machine” I’ve seen mentioned on here please. 

Specifically I’m looking for T&Cs of the Santander monthly saver I opened in November last year. My spreadsheet says £3000 MAX  but I’m sure this was a 12 months and done account. 

I’m trying to wind down my regular savers as they end because I need to clear the 0% cards soon but I don’t want to cancel the standing order at 12 months if it goes on for 15. 

Thanks for reading.  

flaneurs_lobster

allegro120 said:

flaneurs_lobster said:

Well the general advice is that you should always choose the account with the highest rate so that's the MonBS @ 6%. Also it will accept up to £500/mth rather than £250, and allows withdrawals during the term.

But the Suffolk BS's rate is fixed for a year. 

I'd keep both open, fund the MonBS to the maximum I could afford and minimum fund the Suffolk at £10/mth.

It's a hedge in case rates at the MonBS drop to less than 5% during the term. 

There's no minimum, except £10 to open.  It's in t&c - "If you miss a monthly deposit, your account will remain open until maturity, and you can continue to save monthly."  I've had Suffolk since March and only made 3 deposits, and definitely going to give it a miss in August. 

Ah, my mistake - I've read the minimum deposit amount as being a minimum required.

pokemaster

NotWhereIWantToBe said:

Can anyone help point me in the direction of the “way back machine” I’ve seen mentioned on here please. 

Specifically I’m looking for T&Cs of the Santander monthly saver I opened in November last year. My spreadsheet says £3000 MAX  but I’m sure this was a 12 months and done account. 

I’m trying to wind down my regular savers as they end because I need to clear the 0% cards soon but I don’t want to cancel the standing order at 12 months if it goes on for 15. 

Thanks for reading.  

https://forums.moneysavingexpert.com/discussion/6470420/the-archived-history-of-regular-savers-thread-no-chat/p1

Bridlington1

NotWhereIWantToBe said:

Can anyone help point me in the direction of the “way back machine” I’ve seen mentioned on here please. 

Specifically I’m looking for T&Cs of the Santander monthly saver I opened in November last year. My spreadsheet says £3000 MAX  but I’m sure this was a 12 months and done account. 

I’m trying to wind down my regular savers as they end because I need to clear the 0% cards soon but I don’t want to cancel the standing order at 12 months if it goes on for 15. 

Thanks for reading.  

https://forums.moneysavingexpert.com/discussion/6470420/the-archived-history-of-regular-savers-thread-no-chat/p1

For future reference the link is also on the first page of this thread.

Aidanmc

NotWhereIWantToBe said:

Can anyone help point me in the direction of the “way back machine” I’ve seen mentioned on here please. 

Specifically I’m looking for T&Cs of the Santander monthly saver I opened in November last year. My spreadsheet says £3000 MAX  but I’m sure this was a 12 months and done account. 

I’m trying to wind down my regular savers as they end because I need to clear the 0% cards soon but I don’t want to cancel the standing order at 12 months if it goes on for 15. 

Thanks for reading.  

Was it Santander monthly saver 5% fixed?

Would have been £200 per month, max £2400, 

Speculator

NotWhereIWantToBe said:

Can anyone help point me in the direction of the “way back machine” I’ve seen mentioned on here please. 

Specifically I’m looking for T&Cs of the Santander monthly saver I opened in November last year. My spreadsheet says £3000 MAX  but I’m sure this was a 12 months and done account. 

I’m trying to wind down my regular savers as they end because I need to clear the 0% cards soon but I don’t want to cancel the standing order at 12 months if it goes on for 15. 

Thanks for reading.  

its 2400 max and they even emailed me to advise that I have reached 2400.

You've reached the maximum amount you can pay into your Regular Saver

 

We're pleased to see that you’re taking advantage of the interest rate on your Regular Saver.

 

You've reached the maximum Regular Saver balance of £2,400. Any deposits, such as a standing order request which would take the balance above this, won't be accepted.

allegro120

NotWhereIWantToBe said:

Can anyone help point me in the direction of the “way back machine” I’ve seen mentioned on here please. 

Specifically I’m looking for T&Cs of the Santander monthly saver I opened in November last year. My spreadsheet says £3000 MAX  but I’m sure this was a 12 months and done account. 

I’m trying to wind down my regular savers as they end because I need to clear the 0% cards soon but I don’t want to cancel the standing order at 12 months if it goes on for 15. 

Thanks for reading.  

It's automatic roll-over if you have SO set up.  If you don't they will close it at the end of 12 month's term.  You can withdraw from this account at any time.

NotWhereIWantToBe

Thank you to everyone who replied that’s really helpful and now I know what I need to do. 

Much appreciated 😊