Regular Savings Accounts Article Discussion

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  • badger09
    badger09 Posts: 11,128
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    dekkard wrote: »
    Virgin Regular Saver Issue 8 available now.

    2.25% as with previous issue.

    Announced on the main RS thread on Friday morning. Mine’s already open & funded. As it’s instant access, there’s nothing to lose by opening it.
  • Speculator
    Speculator Posts: 2,216
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    Coventry announced a 0.25% increase for all their Variable rate savings a/cs from 1st Dec so the former Stroud & Swindon Regular Savings Account should go up to 3%. (It was paying 3.10% earlier this month but was decreased by 0.35%)
  • RG2015
    RG2015 Posts: 5,819
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    dekkard wrote: »
    Virgin Regular Saver Issue 8 available now.
    2.25% as with previous issue.
    I have just looked on the VM website and their estimate of the interest earned over 14 months as at 20/12/18 is £49.22.

    I have an Ulster Bank easy access account paying 1.25% and some other banks give slightly more. I calculate the extra interest I would get with VM issue 8 is £21.88 as follows:

    1) £49.22 x 1.25/2.25 = £27.34
    2) £49.22 - £27.34 = £21.88

    Have I got the comparison correct?
  • ColdIron
    ColdIron Posts: 8,898
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    Have a look at the RS Calculator
  • RG2015
    RG2015 Posts: 5,819
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    ColdIron wrote: »
    Have a look at the RS Calculator
    Many thanks! This is an excellent tool that also shows that I can still perform basic arithmetic. :)
  • Sorry if I've missed something in the article or this thread, but I'm looking for a regular savings account which allows me to save approx £400 per month. I wish to keep this separate from other savings, and I already have current (Flex) accounts with Nationwide and their Loyalty Saver as well as some other savings and an ISA.
    With the "best savings accounts" that I've seen listed, there always seems to be maximum of £250 or so per month, so they are not really what I'm looking for.
    Can anyone help please? Thanks in anticipation
  • Eco_Miser
    Eco_Miser Posts: 4,708
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    lesleyp118 wrote: »
    Sorry if I've missed something in the article or this thread, but I'm looking for a regular savings account which allows me to save approx £400 per month.
    1) Lloyds Bank Club Lloyds Monthly Saver
    2) Use two £250 savers
    Eco Miser
    Saving money for well over half a century
  • the only RS that allows £400 pcm is the Club Lloyds Monthly Saver
    but you need the Club Lloyds Current Account to get it
    other option would be to open 2 RS with different Banks/BS or if you have a virgin branch near you could open one in branch and one online(not using the full allowance)
    that would save having to open a new current account
    :)
    Mortgage Free 02/02/2024
  • solartom wrote: »
    the only RS that allows £400 pcm is the Club Lloyds Monthly Saver

    )

    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:

    http://forums.moneysavingexpert.com/showthread.php?t=608697
  • was well meant nonsense
    how do the rates compare any of them 3% or better
    :o
    Mortgage Free 02/02/2024
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