The Top Regular Savers Discussion Thread

poolboy

I just opened a starling easy access 5% for first 6 months max 25k. Raises the bar for rs to 5.0 from 4.53 Tesco. Also makes principality 4.85 uncompetitive, shame I peaked at c7 principality s.

friolento

Shhh

Good point, I have deleted my post 😎

clairec666

https://forums.moneysavingexpert.com/discussion/comment/82159462#Comment_82159462

Ah, I was replying to the second "possible" - i.e. I think it's possible to refresh. According to terms, not possible to have multiple Skipton regular savers.

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82159442#Comment_82159442

The only good feature is the carry forward of unused allowances. They used to offer fixed rates, but changed to index linking when rates looked like falling, now they are going to standard variable as rates look like rising!

Born2Save_3

https://forums.moneysavingexpert.com/discussion/comment/82159598#Comment_82159598

It may not be long till there is a >5%A EA account for sizeable amounts.

Today the average five-year mortgage rate hit 6% for first time in three years.
https://www.bbc.co.uk/news/articles/c8r4yxpry5e9o

And the yield on 10 and 30 Yr gilts are nearly 5.5% and 6%, respectively.
https://markets.ft.com/data/bonds/tearsheet/summary?s=UK10YG
https://markets.ft.com/data/bonds/tearsheet/summary?s=GB30YT

So for an RS to be very attractive right now, it needs to be 6%A+ and ideally £500+ monthly. And it could be that in the not to distant future 6% is not that attractive. There are many RS at 5%A now, which I'm not opening, even prospectively.

GlasgowExpat2

Progressive Online 1 Year Monthly Saver Account.
7.0% Gross
Maximum £200 per month

friolento

There are many RS at 5%A now, which I'm not opening, even prospectively.

I have quite a few 5% east access ones right now, for the purpose of storing cash for which I cannot get 5% or more anywhere else, or where I get entries to a prize draw. Several tens of K right now. As and if I can extend this, I will, but until it's possible, I am happy to shift some more 4.5x% money to 5% once a month. The only RSs I will not bother with are currently the <5% ones, and the ones without full online/app support (starting from application, all the way through to withdrawing the matured funds).

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/82159749#Comment_82159749

I'm generally not bothering with 5% RSs either, but for different reasons, I currently have nothing in EA accounts barring one with a low max balance at a higher rate, though this is more of an anomaly. Other than that the lowest rate RS I have with more than the bare minimum in pays 5.4% and even that's due to a surplus of funds from maturing RSs last month, according to my projections I should've emptied all RSs less than 6% to feed the 6%+ RSs by the start of December, so it's very unlikely that a 5% RS with a 1 year terms will pay high enough to warrant me funding it as I should have enough capacity north of 5% to cover it.

That being said if I did have tons of savings and had money sat in EA accounts, I'd be pouncing on the 5% RSs provided they allowed at least one penalty free withdrawal/early closure, especially if they were variable, simply because EA accounts could rise, but variable rate RSs could rise too, who's to say some 5% RSs might not rise by more than EA rates? From the point of view of hedging my bets, I'd be inclined to fund a RS even if an EA account paid the same rate, as if the RS falls behind, I can empty the RS and put the full lot in EA accounts, if the RS overtakes the EA account, then it takes much longer to move the funds to the RS (unless it's a minority of cases where you can catch up on unused subscriptions in future months).

Kim_13

Progressive down for maintenance. Launch day accounts mature today. Potentially doesn’t bode well.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82159755#Comment_82159755

Issue 1? Launched on 14/09/26?