Cooling period for new regular saver?

pavane

Hi

I have 3 regular saver accounts reaching their 12 month maturity soon:
- 2% on up to £250/month with TSB and Bank of Scotland
- 4% on up to £400/month with Lloyds

I believe all 3 automatically convert to some other saver account (with rubbish low rate) keeping the same account number. Can I immediately close the account and open a new regular saver and start all over again or is there a cooling off period?

Thanks

badger09

pavane wrote: »

Hi

I have 3 regular saver accounts reaching their 12 month maturity soon:
- 2% on up to £250/month with TSB and Bank of Scotland
- 4% on up to £400/month with Lloyds

I believe all 3 automatically convert to some other saver account (with rubbish low rate) keeping the same account number. Can I immediately close the account and open a new regular saver and start all over again or is there a cooling off period?

Thanks

I don't know about the TSB & BoS accounts, but the Club Lloyds changes into an Easy Saver, with the same account number, which you can close online if you wish. You can also open a new monthly save as soon as the previous one has matured.

masonic

Can I just ask? 2% Regular Saver? Why???