The Top Regular Savers Discussion Thread

Kim_13

londoner62 said:

Hi all; Can anyone direct me to any building societies offering 24 month regualar savers not including Skipton, Hinkley & Rugby, Yorkshire, Penrith and Leeds? 

Thanks for any help...

Melton. Currently only an open ended version is available, but they periodically release other issues with maturities of 2 years+.

londoner62

Kim_13 said:

londoner62 said:

Hi all; Can anyone direct me to any building societies offering 24 month regualar savers not including Skipton, Hinkley & Rugby, Yorkshire, Penrith and Leeds? 

Thanks for any help...

Melton. Currently only an open ended version is available, but they periodically release other issues with maturities of 2 years+.

Thanks for that: I do have the Regular Saver Issue 5 but as I'm coming up on retirement in a couple of years, I am focussed on having a regular saver maturing each month in tax year 27/28. I'm not overly concerned with the interest rate but it is as always a consideration! 

gt94sss2

londoner62 said:

Hi all; Can anyone direct me to any building societies offering 24 month regualar savers not including Skipton, Hinkley & Rugby, Yorkshire, Penrith and Leeds? 

Thanks for any help...

Chorley

Principality and SRBS have longer term regular savers but you can withdraw/close them without penalty as do NatWest/RBS 

WillPS

londoner62 said:

Kim_13 said:

londoner62 said:

Hi all; Can anyone direct me to any building societies offering 24 month regualar savers not including Skipton, Hinkley & Rugby, Yorkshire, Penrith and Leeds? 

Thanks for any help...

Melton. Currently only an open ended version is available, but they periodically release other issues with maturities of 2 years+.

Thanks for that: I do have the Regular Saver Issue 5 but as I'm coming up on retirement in a couple of years, I am focussed on having a regular saver maturing each month in tax year 27/28. I'm not overly concerned with the interest rate but it is as always a consideration! 

Keep an eye on Loughborough BS - they did a retirement saver for over 55s quite recently - in fact might have been Savings Week last year (which comes around again in a month's time).

wmb194

londoner62 said:

Hi all; Can anyone direct me to any building societies offering 24 month regualar savers not including Skipton, Hinkley & Rugby, Yorkshire, Penrith and Leeds? 

Thanks for any help...

Melton. It might be branch only though.

"Based on the current rate of interest, if you deposited £500 on the 1st of each calendar month, after 24 months you would have £12,548.19."

https://www.themelton.co.uk/regular_savings/regular-saver-5/

Bridlington1

wmb194 said:

londoner62 said:

Hi all; Can anyone direct me to any building societies offering 24 month regualar savers not including Skipton, Hinkley & Rugby, Yorkshire, Penrith and Leeds? 

Thanks for any help...

Melton. It might be branch only though.

"Based on the current rate of interest, if you deposited £500 on the 1st of each calendar month, after 24 months you would have £12,548.19."

https://www.themelton.co.uk/regular_savings/regular-saver-5/

It can also be opened by post. Once opened it can be managed online and by post.

trickydicky14

Bridlington1 said:

wmb194 said:

londoner62 said:

Hi all; Can anyone direct me to any building societies offering 24 month regualar savers not including Skipton, Hinkley & Rugby, Yorkshire, Penrith and Leeds? 

Thanks for any help...

Melton. It might be branch only though.

"Based on the current rate of interest, if you deposited £500 on the 1st of each calendar month, after 24 months you would have £12,548.19."

https://www.themelton.co.uk/regular_savings/regular-saver-5/

It can also be opened by post. Once opened it can be managed online and by post.

The only problem is once you reach 6K your stuffed as the rate is only 2.5%

masonic

trickydicky14 said:

Bridlington1 said:

wmb194 said:

londoner62 said:

Hi all; Can anyone direct me to any building societies offering 24 month regualar savers not including Skipton, Hinkley & Rugby, Yorkshire, Penrith and Leeds? 

Thanks for any help...

Melton. It might be branch only though.

"Based on the current rate of interest, if you deposited £500 on the 1st of each calendar month, after 24 months you would have £12,548.19."

https://www.themelton.co.uk/regular_savings/regular-saver-5/

It can also be opened by post. Once opened it can be managed online and by post.

The only problem is once you reach 6K your stuffed as the rate is only 2.5%

According to the summary page "You do not need to make a  payment into your account each month", so you could pay in £5,500 and leave it for the rest of the term. You can also take it to £6000 and withdraw the interest as it comes in, but I'm not sure if that's possible online. Or pay in half the monthly limit over the full term.

Bridlington1

masonic said:

trickydicky14 said:

Bridlington1 said:

wmb194 said:

londoner62 said:

Hi all; Can anyone direct me to any building societies offering 24 month regualar savers not including Skipton, Hinkley & Rugby, Yorkshire, Penrith and Leeds? 

Thanks for any help...

Melton. It might be branch only though.

"Based on the current rate of interest, if you deposited £500 on the 1st of each calendar month, after 24 months you would have £12,548.19."

https://www.themelton.co.uk/regular_savings/regular-saver-5/

It can also be opened by post. Once opened it can be managed online and by post.

The only problem is once you reach 6K your stuffed as the rate is only 2.5%

According to the summary page "You do not need to make a  payment into your account each month", so you could pay in £5,500 and leave it for the rest of the term. You can also take it to £6000 and withdraw the interest as it comes in, but I'm not sure if that's possible online.

You can make withdrawals by faster payment if you send them a secure message, though they have a minimum withdrawal amount for faster payments (£100 IIRC but don't quote me on that).

gt94sss2

masonic said:

trickydicky14 said:

Bridlington1 said:

wmb194 said:

londoner62 said:

Hi all; Can anyone direct me to any building societies offering 24 month regualar savers not including Skipton, Hinkley & Rugby, Yorkshire, Penrith and Leeds? 

Thanks for any help...

Melton. It might be branch only though.

"Based on the current rate of interest, if you deposited £500 on the 1st of each calendar month, after 24 months you would have £12,548.19."

https://www.themelton.co.uk/regular_savings/regular-saver-5/

It can also be opened by post. Once opened it can be managed online and by post.

The only problem is once you reach 6K your stuffed as the rate is only 2.5%

According to the summary page "You do not need to make a  payment into your account each month", so you could pay in £5,500 and leave it for the rest of the term. You can also take it to £6000 and withdraw the interest as it comes in, but I'm not sure if that's possible online. Or pay in half the monthly limit over the full term.

There is an option in the Melton online banking site which allows you to select interest is automatically credited to another account (under account services) - including your nominated account.