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Regular Savings Accounts Article Discussion
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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.0 -
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 anyway0 -
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!0 -
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 :T0 -
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 it0 -
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!0 -
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?0 -
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.0 -
My 5% on my Nationwide current account has expired. Is there any way of reinstating the 5% again?0
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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
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