The Top Regular Savers Discussion Thread

Chaykin

https://forums.moneysavingexpert.com/discussion/comment/82184008#Comment_82184008

Also @happybagger re Tembo

As per point 7.3 of their General T&Cs payments made after 5:00 PM on a working day or anytime on a non-working day (incl. bank holidays) don't earn interest until next working day. See this earlier post.

@Bridlington1 - you may want to update the table on P1. "Deposits on non-working days" should say "Treated as having been received the next working day." and you may want to add something about the 5:00 PM working day cut-off too.

Born2Save_3

Tembo RS

Is there any way to avoid using open banking to both open and operate the account ?

friolento

Shock horror

Born2Save_3

https://forums.moneysavingexpert.com/discussion/comment/82184223#Comment_82184223

Yes 4% instead of the 2% expected.
https://www.gov.uk/government/publications/budget-2026-overview-of-tax-legislation-and-rates-ootlar/annex-a-rates-and-allowances
And with the extra tax on banks this may disincentivise good RS rates.

mon3ysav3r

4% instead of the 2% expected on savings income is a huge increase, a fifth more tax to pay for someone on basic rate

subjecttocontract

Could the bank 3% extra surcharge on profits lead to a reduction in savings rates offered ?