The Top Regular Savers Discussion Thread

Bob2000

https://forums.moneysavingexpert.com/discussion/comment/81940019#Comment_81940019

At the moment it's not earning anything because it coming out of my wages so I'll deposit it later then. Thanks for your knowledge

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81940016#Comment_81940016

It's a matter of pennies, don't sweat it.

35har1old

https://forums.moneysavingexpert.com/discussion/comment/81939918#Comment_81939918

Never knew that l have put money in when it suited me no rejected payments

nottsphil

https://forums.moneysavingexpert.com/discussion/comment/81940019#Comment_81940019

I think the issue is deeper in that Bob has read that it can be beneficial to fund the first month of a high interest regular saver as late as possible without finding out why.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81940082#Comment_81940082

Not a problem until you hit the £300 limit per account month. The app puts up a message when you go to the 'Add money' screen telling you what you can add and when it resets.

35har1old

https://forums.moneysavingexpert.com/discussion/comment/81939918#Comment_81939918

https://forums.moneysavingexpert.com/discussion/comment/81939918#Comment_81939918

Opened account on the 18th the following payments have been around the first of the month

Dizzycap

https://forums.moneysavingexpert.com/discussion/comment/81939879#Comment_81939879

Me too and I have to say that all PBS savings rates are now imo dismal and uncompetitive 🤔, which is a shame as they've been super in the past.

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/81940375#Comment_81940375

I have the First Home Steps Account with £1 plus interest so that shall maintain my PBS membership if there isn’t a Christmas version worth snapping up later this year. I’ve never had more accounts than permitted so the last 6 monther is up in August.

The 6 Month RS at 5% is very poor considering it’s 4.75% fixed for a whole year… they only have to hold the rate for half as long, rate uncertainty being what I had assumed to be the reason for 6 month terms in the first place.

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/81940412#Comment_81940412

To be fair to Principality have offered a 6 Month RS at either 8% or 7.5% continuously since 2024, remaining either at the top or near the top for the best part of 2 years then allowed many people to hold duplicate versions of this account for much of this time. This is in addition to the other regular savers they've offered alongside it (including Christmas RSs at 7% and 6.5%).

Personally I think they've been very generous when it comes to regular savers these last couple of years. I wouldn't expect any bank/building society to offer a top or near top rate forever.

clairec666

https://forums.moneysavingexpert.com/discussion/comment/81940464#Comment_81940464

I think we've all got very used to having Principality as our go-to top-paying regular saver, it feels a bit strange for them to offer something so un-competitive. I haven't been playing the RS game for as long as some as you have, so I can't remember a time when Principality weren't top dog.