Regular Savings Accounts Article Discussion

lesleyp118

veryintrigued wrote: »

Nonsense.

I can think of Yorkshire BS, N&P and Notts BS off the bat that allow up to 500.

To the OP look here:

https://forums.moneysavingexpert.com/discussion/608697

Certainly a lot to consider in that thread, thank you.

lesleyp118

eastofeden wrote: »

Kent Reliance is 3% and allows £500per month to be paid in. Depends where you are geographically of course, as it has to be opened in branch.

Unfortunately not in Kent, but thanks anyway

veryintrigued

lesleyp118 wrote: »

Certainly a lot to consider in that thread, thank you.

Concentrate on the first page.

The forumite who keeps those first few posts up to date is someone very special!

lesleyp118

EachPenny wrote: »

I would also be looking to move almost everything out of the Loyalty Saver account (leaving a £1 token balance perhaps). Even with 15+ years of membership the account only pays 0.75% at present, increasing to 1% from 1 December.

Some of the best instant access accounts are paying 1.2% rising to 1.3% or more - and they don't require you to have been a customer for 15 years to get that rate.

Drip-feeding that money into (say) Virgin RS accounts @2.25% would give you a much better return, whilst still maintaining the ability to access the money instantly.

Yes, thanks, I know I really need to do some financial housekeeping as we're not making the most of any of our accounts. These ideas are a good starting point when I can make the time :T

lesleyp118

TheShape wrote: »

You don't mention whether you already have a Flexclusive Regular Saver with Nationwide. If not, it would be a good idea to start there with £250pm and find another place for the balance.

Yes, got one of those as well, I think, but possibly an earlier incarnation as I can put more in there than £250pm, and already doing so.
Thanks for taking the time to suggest it

lesleyp118

Kim_13 wrote: »

Have a look at this thread, which is run by a forum member and and provides a list of the best available accounts: https://forums.moneysavingexpert.com/discussion/608697

You will maximise your return if you're willing to split the money over two such accounts. (Nationwide, First Direct, M&S, HSBC (Advance customers) and Santander (123 customers) offer the best rate at 5%.) You need to hold the requisite current account to get these, some also have a requirement for Direct Debits to be paid from said account.

If considering the Club Lloyds/Lloyds/Halifax or BOS regular savers, hold off until 1st December when the accounts will receive a 0.5% increase in rate. They're fixed accounts so won't change on 1st December if you apply beforehand.

Thanks for this - someone else also pointed me to this thread, which I am beginning to go through in detail. I really wanted to make it easy by just setting up one account, but looks like I need to take more time to consider the options, especially if it might be better to open related current accounts. It just needs time, which I must try to make!

lesleyp118

veryintrigued wrote: »

Concentrate on the first page.

The forumite who keeps those first few posts up to date is someone very special!

Wouldn't be you in a different guise (user name), by any chance?

veryintrigued

lesleyp118 wrote: »

Wouldn't be you in a different guise (user name), by any chance?

Crikey no - a far better person than I.

Enjoy your reading.

missymouse

My 5% on my Nationwide current account has expired. Is there any way of reinstating the 5% again?

Frogletina

missymouse wrote: »

My 5% on my Nationwide current account has expired. Is there any way of reinstating the 5% again?

No. It is now restricted to once only. Before this change you could have 5% every two years

Frogletina