Regular Savings Accounts: The Best Currently Available List!

adindas

I understand with Halifax RSA, No withdrawal is allowed, but early closure are is allowed.

Now Halifax RSA has increased the interest from 2.0 % to 2.5 %.
Similarly to Lloyds from 2.0 % to 2.5 %
Club Lloyds 2.5 % to 3.0 %

Has anyone tried to Close them and Reopen a new one to gain a new interest rate and no disadvantage regarding penalty for early closure or losing interest ??

Thanks

YorkshireBoy

adindas wrote: »

I understand with Halifax RSA, No withdrawal is allowed, but early closure are is allowed.

Now Halifax RSA has increased the interest from 2.0 % to 2.5 %.
Similarly to Lloyds from 2.0 % to 2.5 %
Club Lloyds 2.5 % to 3.0 %

Has anyone tried to Close them and Reopen a new one to gain a new interest rate and no disadvantage regarding penalty for early closure or losing interest ??

Thanks

I wouldn't have thought anyone would have been silly enough to try it with Lloyds, being as they say...

Lloyds wrote:

If you close the account early, you won’t be able to open another one before the first anniversary of opening the first account.

From memory, BoS is the same.

adindas

YorkshireBoy wrote: »

I wouldn't have thought anyone would have been silly enough to try it with Lloyds, being as they say...From memory, BoS is the same.

Ok thank for the head up regarding BoS and LLoyds. TBH I have not read the LLods and BOS T&C.

What about Halifax, has anyone tried it ??

[Deleted User]

The thing is, all these rates are pretty crap. I know they're better than nothing but I'm going to get £750 in under six months from switching two accounts to B-Bank and then on to NatWest. Compared to that sort of "profit" the stuff on this thread is just peanuts.

Nick_C

Deleted_User wrote: »

The thing is, all these rates are pretty crap. I know they're better than nothing but I'm going to get £750 in under six months from switching two accounts to B-Bank and then on to NatWest. Compared to that sort of "profit" the stuff on this thread is just peanuts.

Depends how much you have in cash savings!

adindas

Deleted_User wrote: »

The thing is, all these rates are pretty crap. I know they're better than nothing but I'm going to get £750 in under six months from switching two accounts to B-Bank and then on to NatWest. Compared to that sort of "profit" the stuff on this thread is just peanuts.

I think what you are not aware of is that many people in this thread are fully aware of the switching bonus and have swept them all as much as they can. People have prepared a few dummy accounts since a few years ago for this purpose. The only reason people do not do switching because there is no incetive for switching available anymore becuase they have swept them all.

If you have maxed out all of the best paying current accounts and still have cash to save, where anywhere else could you save it apart from RSA, any idea ??

EachPenny

Deleted_User wrote: »

The thing is, all these rates are pretty crap. I know they're better than nothing but I'm going to get £750 in under six months from switching two accounts to B-Bank and then on to NatWest. Compared to that sort of "profit" the stuff on this thread is just peanuts.

That's great, but how will you generate your 'profit' in the following 6 months, and the 6 months after that, and the 6 months after....?

The regular saver rates may not give life-changing returns, but they are some of the best rates available for storing emergency cash, and using them doesn't preclude taking advantage of switching bonuses (as adindas says, you'll find most of the regulars on this thread have already exhausted all the switching opportunities long ago.)

[Deleted User]

Well I did say its "better than nothing" but hardly worth wetting your pants about. I'd exhausted everything but then B-Bank came along, quickly followed by NatWest. Who's to say how long before the next one comes along.

The point is, none of this is life changing but if you enjoy farting about to end up with, taking inflation into account the same amount you started with then go for it, knock yourself out.

I'm subscribed to this thread, I'm sure one day someone will post something that will get me all excited.

Steve_xx

Deleted_User wrote: »

I'm subscribed to this thread, I'm sure one day someone will post something that will get me all excited.

That "someone" could be you.... if you're not careful!

EachPenny

Deleted_User wrote: »

The point is, none of this is life changing but if you enjoy farting about to end up with, taking inflation into account the same amount you started with then go for it, knock yourself out.

I'm subscribed to this thread, I'm sure one day someone will post something that will get me all excited.

If you know anywhere to put emergency cash that generates more than inflation then please let us know.