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Savings account allowing standing orders?

I'm sure this has been asked before, but can't find it.

Is there a savings account paying reasonable interest that allows me to set up recurring payments to my bank account. I want to smooth my retirement income without having to intervene regularly.

The only options I've found so far are Chase, but their rate is only 2.5% once the boost ends,  and HTB which pays 4% for now, but needs me to set up each months payment individually, though does allow me to do them in advance. 

Comments

  • Bobblehat
    Bobblehat Posts: 827 Forumite
    Eighth Anniversary 500 Posts I've been Money Tipped! Name Dropper
    edited 3 September at 5:30PM
    Charter Savings Bank Easy Access allows repeat regular withdrawals (so look like Standing Orders!). Currently 4.31% Annual Int and 4.23% Monthly Int.
  • Stoodles
    Stoodles Posts: 831 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    Thank you!
  • Bobblehat
    Bobblehat Posts: 827 Forumite
    Eighth Anniversary 500 Posts I've been Money Tipped! Name Dropper
    Forgot to add that the withdrawals would be to your nominated account that you'd have set up in Charter!
  • nakie999
    nakie999 Posts: 9 Forumite
    First Post
    Most of the higher-rate "savers" are deliberately restrictive and don't let you set up standing orders. If you want something that behaves more like a current account, you're usually looking at notice accounts or easy-access accounts from the bigger banks, but the rates won't be as high
  • clairec666
    clairec666 Posts: 521 Forumite
    500 Posts Name Dropper
    Worth looking at Nationwide's FlexDirect current account - 5% interest on balances up to £1500, if you pay in over £1000 a month. That rate is for the first year only though.
  • Stoodles
    Stoodles Posts: 831 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    Nationwide is my main account, the one I want to pay into. I'm not eligible for a new account offer with them. 
    I have a 3% saver there, but I can't set up regular payments out of it
  • etienneg
    etienneg Posts: 585 Forumite
    Part of the Furniture 500 Posts
    The Skipton Building Society Bonus Saver account currently pays 4.12%pa (including a 1 year bonus rate of 1.82%pa - but it may offer an account with a new bonus rate that you could transfer to in future). It can be opened and operated online, in app, at branch or by post. Sole or joint accounts are allowed. Withdrawals are to a nominated current account, but you can have two nominated accounts set up at the same time. Crucially, you can set up a regular withdrawal (e.g. monthly).

    https://www.skipton.co.uk/savings/easy-access/bonus-saver
  • Bobblehat
    Bobblehat Posts: 827 Forumite
    Eighth Anniversary 500 Posts I've been Money Tipped! Name Dropper
    Gatehouse used to have (and may still have) a repeat regular withdrawal facility, but I withdrew all but a £1 when their rates dropped in April. Their current rates are not particularly attractive.
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