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  • FIRST POST
    • Special_Saver2
    • By Special_Saver2 27th Nov 07, 10:33 PM
    • 1,180Posts
    • 5,029Thanks
    Special_Saver2
    Regular Saver Thread **New and Restarted**
    • #1
    • 27th Nov 07, 10:33 PM
    Regular Saver Thread **New and Restarted** 27th Nov 07 at 10:33 PM
    1. Introduction

    Welcome to this thread. I continually edit the first few posts of this thread to keep it up-to-date. This thread is meant to complement Martin Lewis' article which you can read here: Regular Savings Accounts and the accompanying discussion thread Regularly Beat the Best Savings Account Rates Discussion Area

    I am happy for people to use this thread to discuss the regular savings accounts on this list. If people want to discuss one of the feeder accounts or a maturing account that is no longer on this list, I am happy for people to post something on this thread (as it may be of interest to some of the people who follow this thread), although I would prefer they start a new thread and then post a message on this thread with a link to the new thread.

    I am only including accounts where the interest rate is 2.5% or better, or 2% if there are particularly favourable terms and conditions (e.g. fixed rate, no maturity date, allow payment of 500 or more per month, or have unlimited withdrawals without penalty).

    I have not included regular saver ISA accounts which you can find in Kazza242's thread here: Mini Cash ISAs: The Best ISAs Currently Available List

    I have included children's regular savers but I would strongly recommend that you read the section about the tax implications
    for interest from children's accounts in Martin's article Best Child Savings.

    If you are not sure whether the best place for your money is in a regular savings account or another type of savings account then look at Martin's article How to Start Saving. If you want to see a worked example of how to use these accounts to save the maximum possible, see the thread What is the Highest Interest Rate You Can Get?

    If you have information about a new regular saver account then please feel free to post a message on this thread or you can write a separate thread and then post a link here. Please try and limit discussion on this thread to regular savings accounts.

    If you want to bookmark a link that allows you to jump straight to the end of this thread then use this: http://forums.moneysavingexpert.com/showthread.php?t=5776240&page=9999

    If you want to receive automatic alerts when new posts are added to this thread then use the following instructions. Login, go to the top of any page in this thread, click "Thread tools" then click on "Subscribe to this thread" and then select whether you want to be notified as soon as there is a new post (you will receive an e-mail telling you to go to the website for more details) or select daily or weekly updates (you will receive an e-mail daily / weekly with a handy summary of all the new posts).

    You may also be interested in the following threads:
    How can regular savings accounts offer such good interest rates?
    Are Regular Savers still worth it? (Calculations and discussion regarding drip feeding lump sums into regular savings accounts)
    Is there a best time of the month to deposit in Regular Savers?
    Transfers from Barclays to regular savings accounts
    Interest on BACS credits
    Direct Debit Payments
    A-Z of bank/building society sort codes/account nos
    Account opening date and 13th payments

    Websites with useful information include:
    Moneyfacts.co.uk News Page
    Moneyfacts.co.uk Regular Savings Accounts Page

    Moneyfacts.co.uk Savers Friend Regular Savings Account Page (looks nicer than the page above and has more accounts listed)

    Moneyfacts.co.uk Children's Savings Accounts Page
    Moneysupermarket.com Regular Savings Accounts Page

    (you need to choose the right hand option on that page to view all regular savings accounts)
    Savings Champion Regular Savings Account Page

    Thanks to numerous forum users
    for their contributions (useful posts either directly on this thread or on another thread that I have then incorporated here).

    I have divided up the information here into several different sections. You can therefore easily skip any sections that you are not interested in.

    Unless indicated otherwise, you can only open one of each account.


    I have included a summary of the terms and conditions of each account as these can be complicated with regular savings accounts. I would advise you to look at these terms and conditions to check that the account is suitable for you.

    You might find some references to the "old version of this thread" in the first page of this thread. This thread is the 3rd version of my regular savings thread. The first thread was closed at my request as the information grew beyond the character limit of the few posts that I had placed on the first page. I then created the 2nd version on 27th November 2007. The second version was very popular with many pages of useful posts and over 1 million views. This was the popular "old version of this thread" referred to above. At the beginning of 2018 that thread was somehow accidentally deleted but the moderators were able to create a new thread (this 3rd version) and reproduce the first page of my 2nd version thread.


    2. No Time Limit / Account Maturity Date

    The advantage of these accounts is that you can build up a large balance which all earns a high rate of interest. You also avoid the hassle of continually opening and closing accounts and setting up new standing orders for each new account. The terms and conditions are also generally good - they generally allow you to make a penalty-free withdrawal and miss a payment each year. The disadvantage of these accounts is that there is no guarantee that the rate will remain high and often these accounts have a balance limit. If the interest rate drops after 12 months then I include the account in post 4 instead.


    3. Matures After More Than 12 Months

    The interest rate drops significantly after the date specified.

    4. Matures After 12 Months

    These accounts usually offer higher interest rates and they often offer interest rates that are fixed for the full 12 months. The main disadvantage with these accounts is that after 12 months the interest rate usually drops significantly. The terms and conditions can also be quite restrictive, so read them carefully.

    5. Matures After 12 Months, Requires Another Account

    These accounts are similar to the above accounts but they require you to open another account (usually a current account, which often has a funding requirement). They are more hassle than the accounts in section 4 but usually have a higher interest rate in return.

    6. Matures After 12 Months, Requires Another Product (Insurance or Investment)

    These accounts usually also offer a short term, high interest rate but they require you to make a long term investment or take out an insurance product.


    7. Matures After Less Than 12 Months

    These accounts are usually Christmas Saver accounts designed to encourage saving in time for Christmas.

    8. Homebuyer Accounts

    Okay, these accounts will not be of much use to you unless you are going to buy a house but they may be of use to some of you out there.

    9. Best Feeder Accounts

    These are accounts where you can leave a large lump sum and drip feed the money into your regular savers each month. Certain accounts are not listed here as they cannot transfer money directly to regular savings accounts. The accounts listed can do BACS transfers to regular savings accounts directly. Alternatively, if you have an offset mortgage, you might be able to use that as a feeder account but it is only worth doing so if the interest paid (after tax) on the regular saver account is higher than the interest rate on your mortgage account.
    Last edited by Special_Saver2; 16-11-2019 at 7:25 AM.
Page 1
    • Special_Saver2
    • By Special_Saver2 27th Nov 07, 10:34 PM
    • 1,180 Posts
    • 5,029 Thanks
    Special_Saver2
    • #2
    • 27th Nov 07, 10:34 PM
    • #2
    • 27th Nov 07, 10:34 PM
    No Time Limit / Account Maturity Date

    Principality BS Learner Earner Issue 3 (Adult with a Child)

    Interest rate: 3% gross p.a. variable from 5th November 2019
    Monthly payment: 0-250
    Miss any payments: Can miss as many payments as you wish
    Penalty-free withdrawals: Three withdrawals permitted and account closure counts as a withdrawal
    Age of applicant: Up to 17 years old
    How to open account: Branch only
    Special conditions:
    This Account can only be opened by an Adult(s) aged over 18, in conjunction with a Child aged under 18. Two accounts must be opened initially, one for the Adult(s) and one for the Child. Subsequent accounts for other children can be opened by the Adult account holder. The Adult must be the parent, grandparent, close relative or legal guardian of the Child(ren). Accounts opened for under 14’s must be opened on a signatory basis. Careful_ly has informed us in post 2692 in this thread that both the adult and the child get a regular savings account.

    Mansfield BS Young Regular Saver (2nd Issue)

    Interest rate: 2.75% gross p.a. variable from 1st October 2018
    Monthly payment: 1-250
    Miss any payments: Yes, as long as you do not miss payments for two consecutive months
    Penalty-free withdrawals: Yes, two withdrawals per calendar year (1st January to 31st December)
    Age of applicant: Up to and including 17 years old
    How to open account: Post or branch
    Special conditions: Closure is subject to the loss of 90 days interest on the closing balance if 2 or more withdrawals have been made in the same year. The account can be opened by anyone prior to their 18th birthday and, once opened, may be operated into adulthood. If younger than 13 years old the application form must be signed on behalf of the child by a parent, grandparent or guardian.

    Progressive BS Children's Clockwork Regular Saver (Issue 1)

    Interest rate: 2.65% gross p.a. variable

    Monthly payment: 20-500
    Miss any payments: Yes, can miss one per calendar year
    Penalty-free withdrawals: Yes, one per calendar year (1st January to 31st December)
    Age of applicant: Age under 18
    How to open account: Branch or post
    Special conditions: Only available to existing customers or new customers resident in Northern Ireland. You can make an additional 2,000 deposit once per year. The terms and conditions do not specify whether this account closes or continues after the child's 18th birthday.

    Newcastle BS Regular Savings (adult and children versions)

    Interest rate: 2.27% gross AER variable from March 2018
    Monthly payment: 1-200
    Miss any payments: Yes, but you earn a lower interest rate for that month
    Penalty-free withdrawals: Y
    ou earn a lower interest rate for the month of any withdrawals unless you deposit more money before the end of the month so that the balance at the end of the month is more than the beginning of the month

    Age of applicant: There are three different versions for ages 0-10 years, 11-16 years and age 16 or over
    How to open account: Branch (adult and children) or online (adult only)
    Special conditions:
    This account is only available for savers in the North East in the following postcode areas: NE, SR, DH, TD10 - 15, DL, TS, CA1 - 17. Maximum balance 25,000.

    Buckinghamshire BS Regular Saver

    Interest rate: 2% gross p.a. variable from 5th October 2017 (1.8% from 24th October 2019 according to arsenalboy in post 2950)
    Monthly payment: 10-500
    Miss any payments: Yes, as many as you like
    Penalty-free withdrawals: Yes, two withdrawals per calendar year (1st January to 31st December)
    Age of applicant: Adults and children allowed. C
    annot be operated by an adult on behalf of a child unless a Power of Attorney is in place. A child aged 7 or over may open and operate an account themselves.
    How to open account: Post or branch
    Special conditions: You need to be an existing member or live in one of the following post codes:
    HP, SL, UB, WD. Transfers are not permitted from another Bucks BS account. This account is changing from 1st July to be for locals only and may be withdrawn for new account openings - see the posts on page 37 of this thread.

    Earl Shilton BS Regular Monthly Saver

    Interest rate: 2% gross p.a. variable
    Monthly payment: 10-500
    Miss any payments: No, the account will be closed *** and you will receive a 10 penalty if you do not make 12 separate monthly payments ***
    Penalty-free withdrawals: Two withdrawals per year (from 1st March to the last day of February)
    Age of applicant: Age 12 or older

    How to open account: Branch or post

    Loughborough BS Monthly Saver (Issue 4)

    Interest rate: 2% gross p.a. variable
    Monthly payment: 10-250
    Miss any payments: Can miss two payments per year
    Penalty-free withdrawals: Yes, two withdrawals per account year leaving a balance of at least 10 or account closure permitted without notice or penalty
    Age of applicant: 16 years old or older
    How to open account: Post or branch
    Special conditions: Account closures have to be processed by Head Office. Maximum savings per year 3,000, maximum total savings in this account 12,000 and maximum total savings with the building society is 750,000.

    Last edited by Special_Saver2; 29-11-2019 at 5:35 PM.
    • Special_Saver2
    • By Special_Saver2 27th Nov 07, 10:35 PM
    • 1,180 Posts
    • 5,029 Thanks
    Special_Saver2
    • #3
    • 27th Nov 07, 10:35 PM
    • #3
    • 27th Nov 07, 10:35 PM
    Matures After More Than 12 Months

    Penrith BS Junior Affinity Regular Saver (children only)

    Interest rate: 2.75% gross p.a. variable from October 2016
    Monthly payment: 5-100
    Miss any payments: Yes, you can miss as many as you like
    Penalty-free withdrawals:
    A maximum of two withdrawals per year (January to December) of any amount leaving the minimum balance of 5.
    Age of applicant:
    Aged 0 - 16
    How to open account: Branch or post

    Special conditions: This is a 5 year fixed account. A payment of 0.5% p.a. will be made to Penrith RUFC Juniors or Penrith and District Red Squirrels Group.

    Nottingham BS Special Regular Saver (Issue 8)

    Interest rate: 2.5% gross p.a. variable from July 2019
    Monthly payment: up to 250
    Miss any payments: Yes, miss as many as you like
    Penalty-free withdrawals: No withdrawals until account maturity
    Age of applicant: Not stated
    How to open account: Branch (several forum users have reported that it is not possible to open Nottingham BS regular savings accounts by post by sending an application to a branch)
    Special conditions: Account matures 28th February 2021.


    Nottingham BS Seasonal Saver

    Interest rate: 2.5% gross p.a. variable from 25th September 2019
    Monthly payment: up to 250
    Miss any payments: Yes, miss as many as you like
    Penalty-free withdrawals: No withdrawals until account maturity
    Age of applicant: Not stated
    How to open account: Branch (several forum users have reported that it is not possible to open Nottingham BS regular savings accounts by post by sending an application to a branch)
    Special conditions: Account matures 30th November 2020


    Scottish BS Junior Regular Saver Account (children only)

    Interest rate: 2.35% gross p.a. variable from 30th November 2017
    Monthly payment: 5-50
    Miss any payments: Yes, you can miss as many as you like
    Penalty-free withdrawals:
    Yes, two per year
    Age of applicant: Under 18 years old
    How to open account: Branch or post
    Special conditions: This account runs until the child's 18th birthday


    Chorley BS Children's Regular Saver (Issue 2)

    Interest rate: 2.25% gross p.a. variable from December 2017
    Monthly payment: 0-150
    Miss any payments: Yes, as many as you want
    Penalty-free withdrawals: Yes, no restrictions on withdrawals specified
    Age of applicant: Aged 0 to 16 years old
    How to open account: Post or branch
    Special conditions: Minimum balance 1. When the account holder turns 16 years old, the account will be transferred into a Young Chorleian Account.

    Dudley BS Young Regular Saver

    Interest rate: 2% gross p.a. variable
    Monthly payment: 0-350
    Miss any payments: Yes, as many as you want
    Penalty-free withdrawals: No withdrawals in the first 12 months unless closing the account
    Age of applicant: Aged 16 to 20 years old
    How to open account: Post or branch
    Special conditions: If you already have another regular savings account with Dudley BS then you cannot open this account.

    Tipton and Coseley Building Society Fixed Rate Regular Saver

    Interest rate: 2% gross p.a. fixed
    Monthly payment: 10-500
    Miss any payments: Yes, you can miss as many as you like
    Penalty-free withdrawals:
    No withdrawals until maturity
    Age of applicant:
    Aged 16 or older
    How to open account: Branch or post

    Special conditions: Matures on 31st November 2020.

    Virgin Money Regular E-Saver (Issue 13)

    Interest rate: 2% gross p.a. fixed

    Monthly payment: 1-250
    Miss any payments: No stated penalty for missing any payments
    Penalty-free withdrawals:
    Yes, as many as you like
    Age of applicant: Aged 16 or over
    How to open account: Online only, available to all UK residents

    Special conditions: This account matures on 20th December 2020. Maximum total deposits 3,500.


    Nottingham BS Robin Hood Young Saver (Issue 8, children only)

    Interest rate: 2% gross p.a. fixed

    Monthly payment: 1-100
    Miss any payments: Yes, you can miss as many as you like
    Penalty-free withdrawals:
    Yes, as many as you like
    Age of applicant: Children aged between 7 and 17 can open the account themselves; children aged under 7 will need a parent or guardian to open the account
    How to open account: Branch only
    (several forum users have reported that it is not possible to open Nottingham BS accounts by post by sending an application to a branch)
    Special conditions: This account matures on 31st January 2021
    Last edited by Special_Saver2; 16-11-2019 at 7:16 AM.
    • Special_Saver2
    • By Special_Saver2 27th Nov 07, 10:35 PM
    • 1,180 Posts
    • 5,029 Thanks
    Special_Saver2
    • #4
    • 27th Nov 07, 10:35 PM
    • #4
    • 27th Nov 07, 10:35 PM
    Matures After 12 Months

    Halifax Kids' Monthly Saver

    Interest rate: 4.5% gross p.a. fixed
    Monthly payment: 10-100
    Miss any payments: Yes, as many as you like
    Penalty-free withdrawals: No withdrawals permitted except for early closure of the account
    Age of applicant:
    Aged up to 15 years old (but the account can continue beyond the child's 15th birthday)
    How to open account: Branch or online (but account can only be operated in branch)
    Special conditions: You can only open one account per child. Karlie88 reports in post 1749 that it is possible to make 13 payments.

    Barclays Children's Regular Saver (Issue 1)

    Interest rate: 3.45% gross p.a. / 3.5% gross AER fixed
    Monthly payment:
    5-100

    Miss any payments: No
    Penalty-free withdrawals: No, balance earns 1.50% gross p.a. fixed for any months a withdrawal is made
    Age of applicant: Account must be opened and operated by an adult on behalf of a child aged under 16
    How to open account: Branch

    Kent Reliance Regular Savings (Issue 3)

    Interest rate: 3% gross p.a. variable from 24th January 2017
    Monthly payment: 25-500
    Miss any payments:
    No, the terms and conditions say they may close the account if you stop making regular payments
    Penalty-free withdrawals: Yes, as many as you want.

    Age of applicant: No minimum age (adults can open the account on behalf of a child)
    How to open account: Branch only
    Special conditions: Maximum balance 6,000.

    Monmouthshire BS Celebration Regular Saver Bond (Issue 14)

    Interest rate: 3% gross p.a. fixed
    Monthly payment: 0-300
    Miss any payments: Yes, as many as you like
    Penalty-free withdrawals: No withdrawals. Early closure is possible but you will earn a much lower interest rate.
    Age of applicant:
    Aged not stated
    How to open account: Branch only
    Special conditions: Available to people in England and Wales.


    Saffron BS 12 Month Fixed Rate Regular Saver (Issue 4)

    Interest rate: 3% gross p.a. fixed
    Monthly payment: 10-250
    Miss any payments: No, you will receive no interest for any month in which you miss a payment according to HardCoreProgrammer in post 2516 of the old regular savings thread
    Penalty-free withdrawals: Yes, as many as you want
    Age of applicant: Age 16 or over
    How to open account: Branch (or by post if you have held a savings account or mortgage with Saffron BS for at least 6 months, or online if you already hold an online savings account)
    Special conditions: The interest rate falls to 0.05% if the account balance is less than 10. You may only hold one Regular Saver account (includes all issues).

    Principality BS Dylan Regular Saver Bond (Issue 7, children only)

    Interest rate: 3% gross p.a. fixed
    Monthly payment: 10-150
    Miss any payments: Can miss as many payments as you wish
    Penalty-free withdrawals: No withdrawals permitted, but account can be closed early without penalty
    Age of applicant: Up to 17 years old
    How to open account: Branch or post
    Special conditions: Deposits by standing order should leave the sending account by the 20th of the month.

    Ipswich BS Smart Save (Issue 2)

    Interest rate: 2.9% gross p.a. variable (but includes fixed 2.5% bonus interest) from October 2018 (2.8% from 2nd January 2020)
    Monthly payment:
    10-500 (or 1,000 for a joint account)

    Miss any payments: Yes, miss 1 payment
    Penalty-free withdrawals: Yes, two penalty-free withdrawals per anniversary year
    Age of applicant: Not stated
    How to open account: Branch or post
    Special conditions: This product is only available to existing members or new applicants resident in local postcode areas IP, NR, CO, CM, CB and PE. This account lasts more than 12 months but the 2.5% bonus interest is only paid on the last year's worth of deposits (as stated in post 4462 of the old regular savings thread).

    Swansea BS Regular Saver Account

    Interest rate: 2.78% gross p.a. variable (updated by me in October 2018)
    Monthly payment: 25-500
    Miss any payments: No
    Penalty-free withdrawals: Yes, as many as you want.
    Age of applicant: Any age (including parents on behalf of a child)
    How to open account: Branch or post
    Special conditions: Interest paid monthly and must be paid to a different account with Swansea BS. On each anniversary, the account balance will be transferred to another account with Swansea BS. Only available to existing members or residents of Wales.

    Principality BS Christmas 2020 Regular Saver Bond

    Interest rate: 2.7% gross p.a. fixed
    Monthly payment: 10-125
    Miss any payments: Can miss as many payments as you wish
    Penalty-free withdrawals: No withdrawals permitted, but account can be closed early without penalty
    Age of applicant: Aged 16 years old or older
    How to open account: Branch, online or post

    Saffron BS 170th Birthday Regular Saver

    Interest rate: 2.5% gross p.a. fixed
    Monthly payment: 10-1,000
    Miss any payments: No, you will receive no interest for any month in which you miss a payment according to HardCoreProgrammer in post 2516 of the old regular savings thread for their other regular savings accounts
    Penalty-free withdrawals: Yes, as many as you want
    Age of applicant: Age 16 or over
    How to open account: Branch (or by post if you have held a savings account or mortgage with Saffron BS for at least 6 months, or online if you already hold an online savings account)
    Special conditions: Only available to people living in the following postcodes: CB, CO, CM, SG, RM, IG, EN, AL, SS. The interest rate falls to 0.05% if the account balance is less than 10. You may only hold one Regular Saver account (includes all issues).

    Coventry BS Regular Saver

    Interest rate: 2.5% gross p.a. variable from September 2019
    Monthly payment: 0-500
    Miss any payments: Yes
    Penalty-free withdrawals: If the interest rate is reduced then you can withdraw your money within 30 days of the notification of interest rate reduction without penalty. Otherwise, any withdrawals before maturity incur a 30 day loss of interest.
    Age of applicant: Age 16 or over
    How to open account: Branch, online or telephone


    Yorkshire BS Monthly Regular Saver (Issue 2)

    Interest rate: 2.5% gross p.a. variable
    Monthly payment: 0-250
    Miss any payments: Yes, as many as you like
    Penalty-free withdrawals: One penalty-free withdrawal per year and the account can be closed at any time even if that withdrawal has been used.
    Age of applicant:
    Any age but if opening for a child aged under 11 then will need to be opened in trust for them
    How to open account: Branch or post (by telephoning to request an application form is sent in the post)

    Mansfield BS Regular Savings (Issue 4)


    Interest rate: 2.5% gross p.a. variable from 1st October 2018
    Monthly payment: 10-250
    Miss any payments: Yes, as long as you do not miss payments for two consecutive months
    Penalty-free withdrawals: Yes, two withdrawals per calendar year (1st January to 31st December)
    Age of applicant: 18 years or older
    How to open account: Post or branch
    Special conditions: Closure is subject to the loss of 90 days interest on the closing balance if 2 or more withdrawals have been made in the same year. Interest rate drops after 12 months.
    Available to savers resident in Nottinghamshire, Derbyshire or South Yorkshire or existing members who have a minimum of 1 year continuous membership.

    Monmouthshire BS Regular Saver Bond (Issue 3)

    Interest rate: 2.5% gross p.a. fixed
    Monthly payment: 0-250
    Miss any payments: Yes, as many as you like
    Penalty-free withdrawals: No withdrawals. Early closure is possible but you will earn a much lower interest rate.
    Age of applicant:
    Aged not stated
    How to open account: Branch only
    Special conditions: Available to people in England and Wales.

    West Bromwich BS Children's Fixed Rate Regular Saver (Issue 4)

    Interest rate: 2.5% gross p.a. fixed
    Monthly payment: 10-75
    Miss any payments: Yes, miss as many as you like, no penalties
    Penalty-free withdrawals: No, and no withdrawals prior to maturity
    Age of applicant: 15 years or younger
    How to open account: Branch only

    Scottish BS Regular Saver

    Interest rate: 2% gross p.a. variable
    Monthly payment: 10-500
    Miss any payments: No, but no stated penalty for missing a payment
    Penalty-free withdrawals: No, but you can close the account early without penalty
    Age of applicant: No age limits stated
    How to open account: Branch or post

    Halifax Regular Saver Account

    Interest rate: 2% gross p.a. fixed
    Monthly payment: 25-250
    Miss any payments: Yes, as many as you like
    Penalty-free withdrawals: No withdrawals but early closure is permitted
    Age of applicant:
    Aged 16 years old or older
    How to open account: Branch, online or phone
    Special conditions: Money held in a Regular Saver counts towards the 5,000 total balance you need to hold in qualifying accounts to be eligible for the Halifax Savers Prize Draw. As part of your Regular Saver application Halifax will also open an Everyday Saver at the same time, currently paying 0.25%gross/AER variable for 12 months. After 12 months, any money you have saved into your Regular Saver along with interest accrued will be transferred into the Everyday Saver account and your Regular Saver will continue for another period of 12 months at the interest rate applicable at the time. Karlie88 reports in post 1749 that it is possible to make 13 payments.

    West Bromwich BS Adult's Fixed Rate Regular Saver (Issue 4)

    Interest rate: 2% gross p.a. fixed
    Monthly payment: 10-100
    Miss any payments: Yes, miss as many as you like, no penalties
    Penalty-free withdrawals: No, and no withdrawals prior to maturity
    Age of applicant: 16 years or older
    How to open account: Branch only

    Principality BS Regular Saver Bond (Issue 20)

    Interest rate: 2% gross p.a. fixed
    Monthly payment: 20-500
    Miss any payments: Yes, miss as many as you want
    Penalty-free withdrawals: No. You can close the account early but all interest will then be paid at the bottom tier of the Instant Access account rate.
    Age of applicant: Aged 16 or over
    How to open account: Branch and online
    Special conditions: Balance transferred to an Instant Access account at the end of the 12 month term. The terms and conditions say they will write to you with details of that account prior to maturity. It has been reported by lucky77 in this thread that if you try and make a 13th payment then it will be returned to you.

    Cambridge BS Regular Saver (Issue 6)

    Interest rate: 2% gross p.a. fixed
    Monthly payment: 0-300
    Miss any payments: Yes, miss as many as you like, no penalties
    Penalty-free withdrawals: No withdrawals but the account can be closed early with a 90 day interest penalty
    Age of applicant: Not specified
    How to open account: Branch, phone or post

    Dudley Building Society Loyalty Regular Saver

    Interest rate: 2% gross p.a. variable
    Monthly payment: 0-600
    Miss any payments: Yes, miss as many as you like, no penalties
    Penalty-free withdrawals: No withdrawals but the account can be closed early without penalty
    Age of applicant: Over the age of 21
    How to open account: Branchor post
    Special conditions: You must also hold any savings account or a mortgage with them to open this account.
    Last edited by Special_Saver2; 14-12-2019 at 3:13 PM.
    • Special_Saver2
    • By Special_Saver2 27th Nov 07, 10:36 PM
    • 1,180 Posts
    • 5,029 Thanks
    Special_Saver2
    • #5
    • 27th Nov 07, 10:36 PM
    • #5
    • 27th Nov 07, 10:36 PM
    Matures After 12 Months, Requires Another Account


    First Trust Regular Saver

    Interest rate:
    2.75% gross p.a. variable from 5th September 2018
    Monthly payment: 10-500
    Miss any payments: Yes, miss as many as you like
    Penalty-free withdrawals: Yes, as many as you like
    Age of applicant: Age 18 years old or older
    How to open account: Branch or online (but the current account must be opened in branch)
    Special conditions: You must have a current account with First Trust. You can continue to save in this account after 12 months. From my understanding of reading the account details, any balance over 500 after maturity (every anniversary of account opening) earns a lower interest rate and they suggest you consider moving the excess money to another account.



    First Direct Regular Saver Account

    Interest rate: 2.75% gross p.a. fixed
    Monthly payment: 25-300
    Miss any payments: No
    Penalty-free withdrawals: No, you can close the account early with all interest paid at their standard variable Saving Account interest rate
    Age of applicant: Not stated
    How to open account: Online or by telephone
    Special conditions: If you pay in less than 300 per month then you can make up the extra amount in future months - your maximum balance goes up by 300 per month. You must hold a First Direct 1st Account for as long as you hold this account. The 1st Account costs 10 a month, but it is free in certain circumstances - when you pay in at least 1,000 per month, maintain an average balance of 1,000 or hold a selected first direct additional product. As discussed in posts 1484 and 1488 of the old regular savings thread, you can open up a new regular saver account online or by telephone as soon as the old one has matured. The matured account will still appear on the online banking on maturity day, but you will be able to apply for a new Regular Saver on the same day within internet banking.

    Marks and Spencer Bank Monthly Saver

    Interest rate: 2.75% gross p.a. fixed
    Monthly payment: 25-250
    Miss any payments: Yes, and you can make up any missing payments later
    Penalty-free withdrawals: No withdrawals but you can close the account early (with interest paid at a lower rate)
    Age of applicant: Not stated

    How to open account: Online or telephone
    Special conditions: Must also open a M&S Current Account. From 6th April 2016 you will also need to switch a current account to M&S and have two active direct debits in order to be able to open this account.


    HSBC Regular Saver

    Interest rate: 2.75% gross p.a. fixed rate
    Monthly payment: 25-250
    Miss any payments:
    Yes, you can cancel and resume your standing order whenever you wish
    Penalty-free withdrawals:
    No, but you can close the account early (with interest paid at a lower rate for the entire term - paid at the standard Flexible Saver interest rate)
    Age of applicant: Same age as whichever current account is opened at the same time (which is age 16, 17 or 18 depending on the current account chosen)
    How to open account: In branch, online or telephone
    Special conditions: Must hold a
    HSBC Premier, HSBC Advance, Bank Account, Bank Account Pay Monthly, HSBC Student Bank Account or Graduate Bank Account. If you pay in less than 250 per month then you can make up the extra amount in future months - your maximum balance goes up by 250 per month.You may also have difficulty opening this account if you do not have a regular income - see page 85 of this thread.

    Cumberland BS Regular Saver (Issue 3)

    Interest rate: 2.55% gross p.a. variable from August / September 2018
    Monthly payment: 25-250
    Miss any payments: One per subscription year
    Penalty-free withdrawals:
    One per subscription year

    Age of applicant: Aged 16 years or older (stated on interest rates document)
    How to open account: Branch
    Special conditions: You must have a Cumberland BS current account and live in their operating area. Maximum balance 15,000.

    Lloyds Bank Club Lloyds Monthly Saver

    Interest rate: 2.5% gross p.a. fixed
    Monthly payment: 25-400 (forum members in posts on page 163 of the old version of this thread think it is possible to make a 13th payment)
    Miss any payments: No stated penalty for missing a payment
    Penalty-free withdrawals: Yes, as many as you like
    Age of applicant: Minimum 18 years old

    How to open account: In branch or online
    Special conditions: Must also open a Lloyds Club current account. In post 3266 of the old version of this thread, numbers123 says it is possible to close this account online upon maturity. Karlie88 reports in post 1749 that it is possible to make 13 payments.

    Santander Regular eSaver (Issue 8)

    Interest rate:
    2.5% gross p.a. fixed
    Monthly payment: 0-200
    Miss any payments: Yes, but any missed payments cannot be made up at a later date
    Penalty-free withdrawals: Yes, as many as you like
    Age of applicant: Age 16 years old or older
    How to open account: Branch or online
    Special conditions: You must be a Santander current account holder and be a Santander 123 World or Santander Select or Private Banking member. The account month starts on the day that you open the account, e.g. if you open the account on the 16th of the month then the account will run from the 16th of one month to the 15th of the next month. Deposits must be made by standing order from your Santander current account. Y
    ou cannot open this account if you currently have another regular savings account with Santander. This regular saver will rollover into a new regular saver each year automatically.


    Lloyds Bank Monthly Saver

    Interest rate:
    2% gross p.a. fixed
    Monthly payment: 25-250
    Miss any payments: Yes, but any missed payments cannot be made up at a later date
    Penalty-free withdrawals: Yes, as many as you like
    Age of applicant: Age 16 years old or older
    How to open account: Online or branch
    Special conditions: You must have a Lloyds Bank current account.
    Karlie88 reports in post 1749 that it is possible to make 13 payments.

    Bank of Scotland Monthly Saver

    Interest rate:
    2% gross p.a. fixed
    Monthly payment: 25-250
    Miss any payments: Yes, but any missed payments cannot be made up at a later date
    Penalty-free withdrawals: Yes, as many as you like
    Age of applicant: Age 16 years old or older
    How to open account: Online or branch
    Special conditions: You must have a Bank of Scotland current account.
    Karlie88 reports in post 1749 that it is possible to make 13 payments.

    TSB Monthly Saver

    Interest rate:
    2% gross p.a. fixed
    Monthly payment: 25-250
    Miss any payments: Yes, but any missed payments cannot be made up at a later date
    Penalty-free withdrawals: Yes, as many as you like
    Age of applicant: Age 16 years old or older
    How to open account: Branch or online
    Special conditions: You must have a TSB current account. Karlie88 reports in post 1749 that it is possible to make 13 payments.
    Last edited by Special_Saver2; 16-11-2019 at 6:43 AM.
    • Special_Saver2
    • By Special_Saver2 27th Nov 07, 10:37 PM
    • 1,180 Posts
    • 5,029 Thanks
    Special_Saver2
    • #6
    • 27th Nov 07, 10:37 PM
    • #6
    • 27th Nov 07, 10:37 PM
    Matures After 12 Months, Requires Another Product (Insurance or Investment)

    Currently no accounts in this category.






    • Special_Saver2
    • By Special_Saver2 27th Nov 07, 10:38 PM
    • 1,180 Posts
    • 5,029 Thanks
    Special_Saver2
    • #7
    • 27th Nov 07, 10:38 PM
    • #7
    • 27th Nov 07, 10:38 PM
    Matures After Less Than 12 Months

    Chorley BS Loyalty Santa Saver (Issue 1)

    Interest rate: 2.5% gross p.a. variable
    Monthly payment: 0-350
    Miss any payments:
    No specified penalty for missing any payments
    Penalty-free withdrawals: No withdrawals or early closure until maturity or death of account holder however you can switch this account to another type if they decrease the interest rate
    Age of applicant: No age specified
    How to open account: Post or branch
    Special conditions: Matures 31st October 2019. Only for existing members of 12 months or longer. Available to open from 1st November 2018.


    Chorley BS Santa Saver (Issue 2)

    Interest rate: 2.25% gross p.a. variable
    Monthly payment: 0-250
    Miss any payments:
    No specified penalty for missing any payments
    Penalty-free withdrawals: No withdrawals or early closure until maturity or death of account holder however you can switch this account to another type if they decrease the interest rate
    Age of applicant: No age specified
    How to open account: Post or branch
    Special conditions: Matures 31st October 2019. Available to non-members and people who have been members less than 12 months. Available to open from 1st November 2018.


    Chorley BS Members Regular Saver (Issue 2)

    Interest rate: 2.5% gross p.a. variable
    Monthly payment: 0-250
    Miss any payments:
    No specified penalty for missing any payments
    Penalty-free withdrawals: No withdrawals or early closure until maturity or death of account holder however you can switch this account to another type if they decrease the interest rate
    Age of applicant: No age specified
    How to open account: Post or branch
    Special conditions: Matures 30th June 2020.
    Only for existing members of 12 months or longer.

    Chorley BS Regular Saver (Issue 2)

    Interest rate: 2.25% gross p.a. variable
    Monthly payment: 0-150
    Miss any payments:
    No specified penalty for missing any payments
    Penalty-free withdrawals: No withdrawals or early closure until maturity or death of account holder however you can switch this account to another type if they decrease the interest rate
    Age of applicant: No age specified
    How to open account: Post or branch
    Special conditions: Matures 30th June 2020. Available to non-members and people who have been members less than 12 months.




    Last edited by Special_Saver2; 03-11-2019 at 10:37 PM.
    • Special_Saver2
    • By Special_Saver2 27th Nov 07, 10:39 PM
    • 1,180 Posts
    • 5,029 Thanks
    Special_Saver2
    • #8
    • 27th Nov 07, 10:39 PM
    • #8
    • 27th Nov 07, 10:39 PM
    Homebuyer Accounts

    Monmouthshire BS First Home Bonus Saver (Issue 2)

    Interest rate:
    5% gross p.a. / AER variable (including variable 0.5% non-bonus interest and 4% fixed bonus interest) from August / September 2018

    Monthly payment: 0-500
    Miss any payments: Can miss as many payments as you want
    Penalty-free withdrawals:
    Up to four withdrawals are allowed during the year (ending 31 March)
    Age of applicant: Aged 18 years old or older
    How to open account: Branch, online or post but you must have a telephone or face-to-face interview before the account is opened
    Special conditions:
    Maximum balance 6,000 (12,000 for a joint account). To get the full interest rate you must take out an owner-occupier mortgage with Monmouthshire BS within 5 years of opening this account. Only available to existing members and people who live in the following post codes NP, CF, SA, LD, WR, GL, HR, BS, BA, SN, RG, OX, SY and TA.

    Hanley Economic BS Home Deposit Saver

    Interest rate:
    3.1% gross p.a. / AER variable from 1st September 2018

    Monthly payment: 100-500
    Miss any payments: Can miss 2 payments per year (1st September to 31st August)
    Penalty-free withdrawals:
    A penalty equivalent to 180 days loss of interest will be applied if the funds be withdrawn for any other reason than for a house deposit
    Age of applicant: Not stated
    How to open account: Branch only
    Special conditions:
    Maximum balance 50,000. Instant access is permitted penalty free providing the funds are withdrawn for a house deposit linked to a mortgage with The Hanley.

    Cumberland BS First Home Saver (Issue 3)


    Interest rate: 2.65% gross p.a. / AER variable from August / September 2018
    Monthly payment: 100-1,500
    Miss any payments: If you miss payments then you will not be eligible for the cashback deal
    Penalty-free withdrawals: Withdrawals are with either 90 days' notice or instant with 90 days' loss of interest (except if you are closing the account in order to purchase a home in which case the account is closed without penalty)
    Age of applicant: Minimum age 16 years old
    How to open account: Branch
    Special conditions: You can earn 250 cashback on one of their mortgages if you hold this account for at least 6 months. You need to have a Cumberland BS current account. If you miss 2 or more payments then this account will be closed.
    Last edited by Special_Saver2; 06-01-2019 at 9:21 AM.
    • Special_Saver2
    • By Special_Saver2 27th Nov 07, 10:41 PM
    • 1,180 Posts
    • 5,029 Thanks
    Special_Saver2
    • #9
    • 27th Nov 07, 10:41 PM
    • #9
    • 27th Nov 07, 10:41 PM
    Best Feeder Accounts

    These are accounts where you can leave a large lump sum and drip feed the money into your regular savers each month. Certain accounts are not listed here as they cannot transfer money directly to regular savings accounts. The accounts listed below can do this.

    Nationwide FlexDirect Account


    Paying 5% fixed for 12 months on 2,500. This is a current account. You need to pay in 1,000 per month. Note that it is no longer possible to continue getting 5% on this account after 12 months by downgrading and upgrading the account.

    TSB Classic Plus Account

    Paying 3% variable on 1,500 from 2nd July 2019. This is a current account. You need to pay in 500 per month. There are also often short term monthly cashback offers for a limited period of time after you first open the account (check TSB website for details of any current offers).

    Al Rayan Everyday Saver (Issue 2) Account

    Paying 1% variable on 500+ from 2nd October 2019. This account allows standing orders according to colsten in post 2813 in this thread.

    Bank of Scotland Current Account with Vantage Option

    Paying
    1% AER on any part of the balance from 1 to 3999.99, and 2% AER on any part of the balance from 4000 to 5000 from 1st October 2019. You have to pay in 1,000 per month, maintain a credit balance and pay out 2 direct debits. Although this is a current account, some people have been opening multiple accounts, transferring 1,000 around between the accounts and effectively using these accounts as savings accounts. There are several threads on this subject, e.g. see this thread.

    Lloyds Bank Club Lloyds Current Account

    Paying 1% AER on any part of the balance from 1 to 3999.99, and 2% AER on any part of the balance from 4000 to 5000 from 1st October 2019. No interest is paid on amounts over 5,000. Each year, you also get annual Gourmet Society membership or 6 Vue cinema tickets or annual magazine subscription from a list of 14 printed or digital titles. You have to pay in 1,500 per month and pay out 2 direct debits per month.

    Santander 123 Current Account

    Costs 5 per month but pays 1.5% from 1st November 2016 if you have a balance up to 20,000 and pays 1% cashback on water and council tax bills, 2% cashback on gas and electricity bills, and 3% cashback on mobile phone, landline, broadband and paid-for TV packages

    Tesco Bank Current Account

    Paying 1% variable from 1st March 2019 on up to 3,000. Collect Tesco Clubcard points by using your debit card with this account. You can open two of these accounts. You need to pay in 750 per month and have 3 active direct debits.
    Last edited by Special_Saver2; 13-10-2019 at 4:58 AM.
    • Westie983
    • By Westie983 16th Jan 18, 1:19 PM
    • 4,805 Posts
    • 15,442 Thanks
    Westie983
    Sad news ;(

    I have had a email back saying the thread will not be resurrected.

    I have been told we can still view the thread, so can copy down the details from the old thread and start a new one...

    I have no idea what has happened, but it wont be back

    Westie983
    Save 12k in 2019 #42 Total (16000)+2300/12000 = 19.16%
    Sealed Pot Challenge ~ 12 #97 Total (505)+0/500 = 0.00%
    Xmas 2020 1 a Day #8 Total (305)+0.00/365 = 0.00%
    Virtual Sealed Pot #1 Total (1300)+600/1000 = 60.00%
    2 Savers Club 2019 #16 Total (1030)+720/2000 = 36.00%

    Total 3620.00/15865 = 22.81%
    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email forumteam@moneysavingexpert.com
    • Westie983
    • By Westie983 16th Jan 18, 1:31 PM
    • 4,805 Posts
    • 15,442 Thanks
    Westie983
    Regular Saver Thread **New and Restarted**
    New thread....

    As the old one was deleted.

    Westie983
    Save 12k in 2019 #42 Total (16000)+2300/12000 = 19.16%
    Sealed Pot Challenge ~ 12 #97 Total (505)+0/500 = 0.00%
    Xmas 2020 1 a Day #8 Total (305)+0.00/365 = 0.00%
    Virtual Sealed Pot #1 Total (1300)+600/1000 = 60.00%
    2 Savers Club 2019 #16 Total (1030)+720/2000 = 36.00%

    Total 3620.00/15865 = 22.81%
    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email forumteam@moneysavingexpert.com
    • karlie88
    • By karlie88 16th Jan 18, 1:44 PM
    • 8,838 Posts
    • 108,248 Thanks
    karlie88
    Thanks Westie.

    Big thank you to SS2 as always.
    Official MSE canny forumite and HUKD VIP badge member
    • Westie983
    • By Westie983 16th Jan 18, 1:45 PM
    • 4,805 Posts
    • 15,442 Thanks
    Westie983
    Hopefully as I have pulled the old posts through SS2 is still able to edit the first page is it shows as their thread.

    Westie983
    Save 12k in 2019 #42 Total (16000)+2300/12000 = 19.16%
    Sealed Pot Challenge ~ 12 #97 Total (505)+0/500 = 0.00%
    Xmas 2020 1 a Day #8 Total (305)+0.00/365 = 0.00%
    Virtual Sealed Pot #1 Total (1300)+600/1000 = 60.00%
    2 Savers Club 2019 #16 Total (1030)+720/2000 = 36.00%

    Total 3620.00/15865 = 22.81%
    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email forumteam@moneysavingexpert.com
    • Ken68
    • By Ken68 16th Jan 18, 4:16 PM
    • 6,547 Posts
    • 4,181 Thanks
    Ken68
    Thanks you Westie and Andrew.
    • savingpennies
    • By savingpennies 16th Jan 18, 5:03 PM
    • 677 Posts
    • 4,362 Thanks
    savingpennies
    Thank you for this. I don't post much on the thread but use it to help my family keep on top of their savings.
    Books - the original virtual reality.
    2019 in 2019, No.63: 1117.07
    2019 2 savers:
    142
    • Katiehound
    • By Katiehound 16th Jan 18, 5:37 PM
    • 5,051 Posts
    • 40,026 Thanks
    Katiehound
    Thanks for all the hard work..........saving us money but spending your time!!
    Being polite and pleasant doesn't cost anything!
    If you found my posting helpful please hit the "Thanks" button!
    Many thanks


    • AirlieBird
    • By AirlieBird 17th Jan 18, 6:32 PM
    • 1,039 Posts
    • 851 Thanks
    AirlieBird
    Virgin Regular e-Saver Issue 9
    Virgin Regular e-Saver Issue 9 will be available tomorrow according to comparison sites. Interest rate remains at 2.25%
    • adfu
    • By adfu 17th Jan 18, 8:10 PM
    • 3 Posts
    • 2 Thanks
    adfu
    Thanks for the new thread! I felt naked without it (even though I've never actually contributed to it).

    And thanks for that bit of info about Virgin, AirlieBird.
    • Wirenth
    • By Wirenth 17th Jan 18, 9:45 PM
    • 687 Posts
    • 800 Thanks
    Wirenth
    Thank you, SS2 and Westie! I was wondering where this thread had gone...
    Good, clean fun....
    MFW #11 2015 7657 / 8880
    • Frogletina
    • By Frogletina 17th Jan 18, 10:51 PM
    • 3,221 Posts
    • 11,635 Thanks
    Frogletina
    Thank you Westie

    I have just added a link for this thread on the Regular Saver accounts article discussion thread.

    frogletina
    Not Rachmaninov
    But Nyman
    The heart asks for pleasure first
    SPC 8 #441 1567.31 SPC 9 #441 1014.64 SPC 10 #441 1164.13 SPC 11 #441 1598.15 SPC 12 #63 994.67
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