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Regular Savings Accounts Article Discussion

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  • 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.
  • 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
  • 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!
  • 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
    lesleyp118 Posts: 24 Forumite
    edited 17 November 2017 at 10:46PM
    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 :)
  • 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! ;)
  • 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? ;):D
  • lesleyp118 wrote: »
    Wouldn't be you in a different guise (user name), by any chance? ;):D

    Crikey no - a far better person than I.

    Enjoy your reading.
  • My 5% on my Nationwide current account has expired. Is there any way of reinstating the 5% again?
  • Frogletina
    Frogletina Posts: 3,914 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    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
    Not Rachmaninov
    But Nyman
    The heart asks for pleasure first
    SPC 8 £1567.31 SPC 9 £1014.64 SPC 10 # £1164.13 SPC 11 £1598.15 SPC 12 # £994.67 SPC 13 £962.54 SPC 14 £1154.79 SPC15 £715.38 SPC16 £1071.81⭐⭐⭐⭐⭐⭐⭐⭐⭐Declutter thread - ⭐⭐🏅
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