The Top Regular Savers Discussion Thread

masonic

https://forums.moneysavingexpert.com/discussion/comment/82151598#Comment_82151598

The regular saver is easy access.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82151556#Comment_82151556

Hanley has not been consistent with launching regular savers. I think this depends on what they currently need. It worth noting that you don’t necessarily need to keep £1 in the account. I closed mine at previous maturity and when they launched the new one it was very quick and easy to open it, they retained my details so the process was the same as for an existing customer.

What_time_is_it

https://forums.moneysavingexpert.com/discussion/comment/82151601#Comment_82151601

Ah, ok. My mistake. Thanks for clarifying.

So the monthly interest will count towards the tax year it is paid in then.

clairec666

https://forums.moneysavingexpert.com/discussion/comment/82151612#Comment_82151612

Chase interest

My spreadsheet comes up with slightly different figures to yours - £32.95 in this tax year, and £91.82 next year. This is based on opening today and fully funding with £300 on the 28th of each month, no withdrawals. I haven't fully checked the figures so would be interested to know if anyone else's estimates match up with mine!

Slinky

https://forums.moneysavingexpert.com/discussion/comment/82151631#Comment_82151631

Beg your pardon, you're correct. I miscounted 7 months in this year. I'll delete my post.

GetRichOrDieSaving

Thanks for the Chase 6.5% RS heads up. Opened and funded to avoid disappointment!

Made22

Chase Regular Saver

Funnily enough this RS came as I was soon about to close my current account with Chase! They obviously know how to tempt me back, with a 6.5% fixed rate RS… 😄

Bob2000

How quickly does it take to open a Chase current account and then hopefully the regular saver?

And am l correct in that there is no hard search for the application?

Slinky

https://forums.moneysavingexpert.com/discussion/comment/82151700#Comment_82151700

Given what others have posted, keeping the account open with just a £1 would be recommended rather than closing it as you will be unable to open a new one in future unless they change their rules.

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82151712#Comment_82151712

There wasn’t a hard search when I applied, but they have since started reporting to CRAs so it may have changed. Not very long (selfie video was the longest for me as couldn’t get it in the frame) once submitted you could get on with your day and they sent a text once they had finished reviewing it. Then I think I had to return to the app, press a few things and that was it. RS was just a matter of going to the savings area, selecting RS and accepting the terms (which you’re probably already familiar with via this thread.)