Regular Savings Accounts: The Best Currently Available List!

Kim_13

schiff wrote: »

Am I right in thinking that the Halifax and Club Lloyds Regular Savers require being an existing customer?

Yes they do. Must have a Club Lloyds account for the Club Lloyds Regular Saver, but a standard one will do for the 2% version. Details remain as they are recorded on the front page of the thread.

ColdIron

Club Lloyds Regular Saver requires you to have a Club Lloyds current account

FriendlyFoe

Yeah you need a Halifax current account to get the RS and if you want the Club Lloyds RS you have to be a Club LLoyds current customer.

However the rules about early closure and not being able to open a new one within the year don't seem to be set in stone. I had to close my Halifax RS earlier this year and was able to open a new one recently. I was able to do the same thing with the Club Lloyds RS.

The Club Lloyds current account rate remains at 2%.

With regards to closing accounts online- it can be done easily and within minutes. You choose to renew the account early (BoS monthly saver and Club Lloyds Monthly Saver) then close. The Halifax RS has a straight closure option.

There seems to be a disconnect from policy implementation and how LBG internet banking actually functions in reality. An example of this is that I have opened a BoS monthly saver with no BoS current account- just Halifax. So the plan come December is to have both a Halifax RS and BoS RS contributing £500 total a month at 2.5%.

(I'm using monthly saver and regular saver interchangeably)

Ed-1

FriendlyFoe wrote: »

I have opened a BoS monthly saver with no BoS current account- just Halifax. So the plan come December is to have both a Halifax RS and BoS RS contributing £500 total a month at 2.5%.

Did you do it through a BOS internet banking login or did you open the BOS Reg saver from outside of internet banking?

Speculator

I may wait until the next BOE interest rate meeting just in case rates go up again.

schiff

It's clear enough in the Club Lloyds T&Cs but oddly enough not in Halifax. I haven't got anything to switch right now but I've got a Bank of Scotland current account, so I can do their RS. I discontinued my previous BoS regular saver when it matured as I stopped doing 2%s.

schiff

Speculator wrote: »

I may wait until the next BOE interest rate meeting just in case rates go up again.

Decisions were easy when it was clear that base rate would stay static.

beefturnmail

Speculator wrote: »

I may wait until the next BOE interest rate meeting just in case rates go up again.

When is that?

RG2015

beefturnmail wrote: »

When is that?

Thu 14 Dec

FriendlyFoe

Either. If you have an existing BoS mandate sign in and apply from there. If you are a Halifax only customer apply on the BoS website as a new customer. You will be able to see the BoS RS on your Halifax internet banking right away.