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The Top Regular Savers Discussion Thread
Comments
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when my first MHBS reg saver matured I let it become an easy access saver, Left £1 in it.
On the 31st the second one is maturing and have chosen to close it and move money to my bank.
Always leave a £1 in an account just in case a loyalty offer appears.
It’s worked with Coventry & YBS in the past.
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Not only in case a loyalty product comes along. It means you maintain an online relationship with each provider, which means less faff if you wanted to open another account with them in the future
I consider myself to be a male feminist. Is that allowed?3 -
The BOE Base Rate has been held at 3.75%, with all members of the MPC voting to hold the base rate. If I'm not mistaken this was the first time since 2023 when no members of the MPC voted to reduce the base rate.
Thresholds for regular savers to be included on p1 of this thread remain under review, I'll make my next decision at the end of this month as usual, however at present I'm not going to rule out altering my definition of "special conditions" to exclude accounts that offer a fixed rate of interest.
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The BBC say "the first unanimous vote for four-and-a-half years" -
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It might well be, but if I'm not mistaken 13th December 2023 was the last time before today where there wasn't at least one member voting to cut the base rate. On 13/12/23 6 voted to hold at 5.25%, 3 voted to increase to 5.5%.
EA rates have also started to nudge upwards in recent weeks, I'll keep an eye on the wider savings landscape and decide what I'm going to do with the thresholds for this thread later in the month.
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One that appears to've slipped under the radar:
Suffolk BS have a House Deposit Savings Account at 3.25% variable. If you meet the bonus criteria you earn an additional 1.5% fixed bonus (taking the rate to 4.75%).
To be eligible to open the account you must be aged 18-35 and not currently own any property.
To qualify for the bonus, during your anniversary year, you must make a minimum of 11 monthly deposits of £10 – £1,000 and not close the account. If you do not meet the conditions, you will forfeit your bonus for that year, but you can continue saving to earn a bonus in the following anniversary year if all the account terms and conditions are met.
Max balance of £36k.
Unlimited withdrawals are permitted, but if you make more than one withdrawal in each anniversary year the bonus is forfeited for that year.
Account matures 10 years from opening.
If you purchase a residential property in the UK, you could be eligible for a £150 or £500 retail voucher.
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That's surprising because last time one member voted for an increase, only changing it to 'no change' after the others tied at 4-4. You'd have thought that with the underlying inflation rate since having been given such a massive boost, they would have been even more likely to vote for a rise.
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With the end of the tax year approaching, many of you might be wanting to refresh or close regular savers early for tax purposes. I thought now may be a good time to post a more up to date version of the list of both currently available and NLA regular savers that I've posted a few times over the last couple of years.
A reminder that the final working day of the tax year is Thursday 2nd April 2026, which is unusually early so factor this in when refreshing regular savers.
One of the side effects of the new text editor is that tables use up more characters than they previously did to the point that I haven't enough room to post a single one of these tables on their own, therefore I've had to paste the list as an image. What's on the image below appears on the "19.3.26" tab of the Regular Savers Snapshots Spreadsheet so you can take a copy and do what you wish with it.
A link to this post and the Regular Savers Snapshots Spreadsheet also appear on p1 of The Archived History Of Regular Savers Thread *** NO CHAT***, thread for ease of reference
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Did anyone open a YBS First Home Saver when they first launched two years ago?
Just looked in the YBS app and mine is due to mature at the end of next week - though I haven't received anything regarding maturity options.
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I closed mine a while back but the terms state that at maturity it'll be transferred to an online easy access savings account so I'm assuming it'll just be a repeat of what usually happens with their Christmas regular savers.
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