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Regular Savings Accounts Article Discussion

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  • typistretired
    typistretired Posts: 2,099 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Vortigern wrote: »
    Nationwide Regular Saver is currently paying 2.5% if you pay in at least £500pm.

    Yes quite right my mistake, but the good thing about this regular saver is that you take out whenever you want and also can miss a payment.

    This is the current website details

    Rates below are for the monthly increase in balance


    £500 - £1,000

    2.50

    n/a

    2.50 gross

    2.00 nett


    Effective from: 01 April 2009
    "Look after your pennies and your pounds will look after themselves"
  • innovate
    innovate Posts: 16,217 Forumite
    10,000 Posts Combo Breaker
    You wouldn't really want put much much into that 2.5% AER account whilst you can get 5% and 3% AER in current accounts, for up to £52,500.
  • chamelion
    chamelion Posts: 483 Forumite
    Part of the Furniture 100 Posts Name Dropper
    innovate wrote: »
    You wouldn't really want put much much into that 2.5% AER account whilst you can get 5% and 3% AER in current accounts, for up to £52,500.

    which ones ar eyou thinking - lloyds vantage, santander 123, nationwide?
    5.41 kWp System, E-W. Installed Nov 2017
    Lux + 3 x US2000B + 2 x US3000C battery storage. Installed Mar 2020.
  • innovate
    innovate Posts: 16,217 Forumite
    10,000 Posts Combo Breaker
    yes, and BoS Vantage
  • socrates
    socrates Posts: 2,889 Forumite
    You can invest more than £52,500 - I have £60k in Santander 123 alone

    Cannot be bothered with the others apart from FD RS
  • LittleVoice
    LittleVoice Posts: 8,974 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Yes quite right my mistake, but the good thing about this regular saver is that you take out whenever you want and also can miss a payment.

    This is the current website details

    Rates below are for the monthly increase in balance


    £500 - £1,000

    2.50

    n/a

    2.50 gross

    2.00 nett


    Effective from: 01 April 2009

    But if you do take out money and don't replace it together with an additional £500 in the same month, you don't get 2.5% that month.

    In fact the summary suggests that if you miss a payment, you don't get any interest for that month.
  • socrates
    socrates Posts: 2,889 Forumite
    innovate wrote: »
    yes, and BoS Vantage

    Just opened BOS Vantage - thanks for the heads up and I can use my Halifax Logins to operate it :T
  • Hi, why don't you mention the nandp savings account which pays 5% with a maximum deposit of £250. It is linked to their current account into which you have to pay minimum £500pm but you can then set up another savings account and split the 500 btw the two saving account and get 5% on £500 pa. or you can just transfer the other 250 back. just checking whether there is something else that they did not mention or I missed it somewhere on your site. Thank you, Valentina
  • saintalan
    saintalan Posts: 562 Forumite
    Part of the Furniture Combo Breaker
    edited 3 May 2013 at 12:00PM
    Hi, why don't you mention the nandp savings account which pays 5% with a maximum deposit of £250. It is linked to their current account into which you have to pay minimum £500pm but you can then set up another savings account and split the 500 btw the two saving account and get 5% on £500 pa. or you can just transfer the other 250 back. just checking whether there is something else that they did not mention or I missed it somewhere on your site. Thank you, Valentina


    Just a point but:
    Existing Gold Classic!Current Account holders only.
    which depends on what they mean by existing i.e. as of now or after opening?
  • Biggles
    Biggles Posts: 8,209 Forumite
    1,000 Posts Combo Breaker
    Hi, why don't you mention the nandp savings account which pays 5% with a maximum deposit of £250.
    This is just a discussion thread.

    The main thread on Regular Savers, which is kept up to date, is https://forums.moneysavingexpert.com/discussion/608697

    Page 1 lists all the current savers in the various categories.
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