What new RS accounts can I get into?

Walletwatch

Currently have Abbey, Halifax and HSBC - Abbey and Halifax expiring in October, HSBC in February - plan to renew Halifax (and HSBC in Feb if they are still offering it) Three others I am aware of are Leeds BS (7%), Cheshire BS (8%) and Derbyshire BS (5.85%) Any others?

What are the specific quirks with each of the three additional ones above, that I need to watch out for, or which are in my favor?

lipidicman

Thanks for the heads up on the new RS accounts. I'm no help yet, but I will keep my nose to the ground!

Dagobert

Scarborough BS

6% variable
minimum of 10 payments p.a.
£10-£250
amount can be varied
interest paid annually into r/s or external a/c
once £15,000 are reached, the r/s is converted to an "Easy Saver"
can be paid "manually"

Leek United

6% fixed
matures after 1 yr
mustn't miss a payment
£10-£250
amount cannot be changed
interest paid on maturity
on maturity converted to instant access a/c
paid by SO

Derbyshire BS

5.4%
allowed to miss 1 payment pa
interest paid annually (31st July)
money stays in a/c
does not terminate
can be paid "manually" (cheque, BACS)

Principality BS

6.xx%
branch only

Dagobert

Walletwatch,
Could you explain the requirements for the HSBC c/a?
I would only be interested in it to operate the r/s. What is the minimum monthly payment for the c/a?

Walletwatch

I don't think they have a minimum monthly payment into the c/a so long as your salary goes in - that they require - a salary mandate against the c/a for you to qualify for an RS with them.

Not sure if you mean you want to operate the rest of the RS's thro' an HSBC c/a? That woudn't really make sense, as not only would you lose out on the transit days, but for the duration the money is in the HSBC c/a, it would be earning a paltry 0.1% interest.

Dagobert

Walletwatch wrote:

I don't think they have a minimum monthly payment into the c/a so long as your salary goes in - that they require - a salary mandate against the c/a for you to qualify for an RS with them.

Stupid question: what's a salary mandate?
I am employed by my own Ltd, don't pay myself a salary on a regular basis.