The Top Regular Savers Discussion Thread

jaypers

I think this is a daft question but I currently have a Principality RS Bond Issue 34 paying 5.5%. From what I can see, there’s nothing stopping me opening an Issue 35 too (5.15%)? 

Bridlington1

jaypers said:

I think this is a daft question but I currently have a Principality RS Bond Issue 34 paying 5.5%. From what I can see, there’s nothing stopping me opening an Issue 35 too (5.15%)? 

The Ts&Cs allow you to hold one of each issue. FWIW I've got issues 33, 34 and 35 along with several other PBS regular savers.

happybagger

Re: the YBS not-yet-launched RS account, given YBS already have a RS account with otherwise better terms than this 'Xmas' one, the difference in interest over the period compared to their regular RS would work out just over a pound.

And compared to leaving it in an instant access at 4.75% is still under £2.

I know we're moneysavers but that really is scraping things.

subjecttocontract

Yes it's what I call the law of diminishing returns. At 5% variable & £150 a month for me it really just is not worth the effort. 

Hinchandrossi

subjecttocontract said:

trickydicky14 said:

flaneurs_lobster said:

Bridlington1 said:

In addition to the above this account allows 1 withdrawal day per year plus closure as the previous Christmas 2024 RS did.

It will come as no surprise that the Santander Reg Saver allows unlimited withdrawals.

It’s a bit sad we are now praising the merits of a 5% regular saver. Looking like the gravy train has hit the buffers.

I don't see anyone praising the merits of a 5% reg saver. Neither do I see the gravy train has hit the buffers. There are plenty of mediocre reg savers available already paying less than 5%. With the current financial problems faced by the Gov' neither do I see interest rates falling anytime soon.

I'm tempted to change the word 'faced' for 'caused' but that might be a yellow card......

And anyway they can zoom, suit me fine 😀

Just regarding YBS, I belatedly opened a saver with them recently, think its 5.45% so as I'm pretty much on the limit I'll pass on this, the variable rate swings it.

Bridlington1

happybagger said:

Re: the YBS not-yet-launched RS account, given YBS already have a RS account with otherwise better terms than this 'Xmas' one, the difference in interest over the period compared to their regular RS would work out just over a pound.

And compared to leaving it in an instant access at 4.75% is still under £2.

I know we're moneysavers but that really is scraping things.

At 5% it'll be too low for me to warrant funding anyway due to having everything already at over 5%. I may as well still open it with £1 speculatively though just in case other rates drop and this account holds its rate or falls by less than the rest though I suspect £1 is all it'll end up getting.

Regardless though it's still set to meet the criteria to be listed on the 1st page of this thread .

dcs34

As a slight aside, I spent a few minutes working out the monthly income it would take to fully fund the different levels of regular savers currently on the market, depending on where one sets one's personal cut-off (mine is currently trying to open and fund anything paying above 5.5%).



Of course in practise this is easier said than done, especially as one needs to simultaneously be resident in Stockport, Northern Ireland, and Mansfield (to start with) to open all the possible accounts. Still it shows there are plenty of options better than 5% at the moment!

cricidmuslibale

happybagger said:

Re: the YBS not-yet-launched RS account, given YBS already have a RS account with otherwise better terms than this 'Xmas' one, the difference in interest over the period compared to their regular RS would work out just over a pound.

And compared to leaving it in an instant access at 4.75% is still under £2.

I know we're moneysavers but that really is scraping things.

Yes! I couldn't agree more. In this case we really are talking about Yuletide Bog-standard Savings!  

Bob2000

I know that all you RS veterans on here are not impressed  by YBS festive offering.
But if you were just an ordinary  saver, who wasn't  interested or able to fund multiple RS, is this offer that bad for the likes of me?
I'll be funding it from wages.

flaneurs_lobster

dcs34 said:

As a slight aside, I spent a few minutes working out the monthly income it would take to fully fund the different levels of regular savers currently on the market, depending on where one sets one's personal cut-off (mine is currently trying to open and fund anything paying above 5.5%).

Interesting, I thought I had every RS > 5.5% open and my monthly funding total is £5450, @dcs34 's theoretical max is £6925, I'll try and work out what's missing.