Natwest & RBS regular savers - any other similar?

denow

I have a Natwest regular saver which I've spent over 3 years building to the £5000 limit. I take the interest monthly to keep it at the £5000 and getting the 5.5% on that. I'm halfway through the same with the RBS equivalent.

Does anyone know of any similar accounts with other banks? Most regular savers mature after 12 months but I really like the way the above 2 accounts work.

Kim_13

Keep an eye on Melton Building Society - they've had no accounts available since September when they started work on their online system, but their Regular Saver Issue 5 (£5,999.99 at 5%) never matured and other accounts had terms of 2 years or more.

clairec666

denow said:

I have a Natwest regular saver which I've spent over 3 years building to the £5000 limit. I take the interest monthly to keep it at the £5000 and getting the 5.5% on that. I'm halfway through the same with the RBS equivalent.

Does anyone know of any similar accounts with other banks? Most regular savers mature after 12 months but I really like the way the above 2 accounts work.

Can't think of any that work in quite the same way as the RBS/Natwest ones. Most available regular savers mature after a year. Manchester Building Society has a 2 year regular saver at 5.5%, so it's quite handy for building up your balance over a longer period of time, but you'll end up having to find another home for your money after the 2 years is up.
Although it's not a regular saver, I use the Santander Edge Saver in a similar way, depositing something every month. And although it "matures" after a year, I think you can just open a new one and transfer the balance over. 6% interest on balances up to £4000.

subjecttocontract

clairec666 said:

denow said:

I have a Natwest regular saver which I've spent over 3 years building to the £5000 limit. I take the interest monthly to keep it at the £5000 and getting the 5.5% on that. I'm halfway through the same with the RBS equivalent.

Does anyone know of any similar accounts with other banks? Most regular savers mature after 12 months but I really like the way the above 2 accounts work.

Although it's not a regular saver, I use the Santander Edge Saver in a similar way, depositing something every month. And although it "matures" after a year, I think you can just open a new one and transfer the balance over. 6% interest on balances up to £4000.

+ in addition to the Edge Saver there's Cahoot Sunny Day Saver £3K@5% (can have more than one account) and Skipton Member Bonus Saver £5K@4.75%....if it's still available. None of them are regular savers.

Kim_13

Forgot to mention Stafford Building Society, but it’s passbook operated if you want to withdraw. Only pays 4.45% but you can put £100,000 in it.

Edit: Regular Saver with £1,000 per month limit.

Bridlington1

denow said:

I have a Natwest regular saver which I've spent over 3 years building to the £5000 limit. I take the interest monthly to keep it at the £5000 and getting the 5.5% on that. I'm halfway through the same with the RBS equivalent.

Does anyone know of any similar accounts with other banks? Most regular savers mature after 12 months but I really like the way the above 2 accounts work.

Is it specifically the fact the regular saver has no maturity date that you like about it? If so then page 1 of The Top Regular Savers Discussion Thread tells you if a regular saver doesn't have a maturity date.

If you're on a laptop you can then narrow them down by clicking ctrl+F and then searching for ``Length of account term: No" (don't include speech marks). This then highlights the accounts with no maturity date and you can flick through them.



Note some of the results you'll get don't have a maturity date but do have bonus rates that end after so long or will empty themselves after so long but allow you to continue saving in them. The ``Length of account term" of the listing should tell you if this is the case though..