Regular Savings Accounts: The Best Currently Available List!

saverbynature

I have a Halifax Regular Saver which matured on Friday and the total value including interest has been transferred to an Instant Saver account they set up for that purpose. Halifax aren't automatically closing Regular Saver accounts on maturity now as they used to but one of their customer service team told me I can't start paying in for the next 12 months until 1st April as I already paid into the saver that's just matured on March 1st. Has anyone attempted to transfer the first payment for a new Halifax Regular Saver in the same month as the last payment for the previous one matured and was it accepted? Or if it isn't acceptable can you get round it by closing the original account and then applying for a new one? 

The reason I'm doubting what I was told is that the same agent also told me that as funds from maturing savers aren't processed until the next working day after maturity my funds wouldn't be transferred to the everyday/instant saver account until Monday as Saturday and Sunday are not considered working days by Halifax. But Halifax sent me an online message in the early hours of this morning with a statement showing the transfer took place on Friday!

allegro120

saverbynature said:

I have a Halifax Regular Saver which matured on Friday and the total value including interest has been transferred to an Instant Saver account they set up for that purpose. Halifax aren't automatically closing Regular Saver accounts on maturity now as they used to but one of their customer service team told me I can't start paying in for the next 12 months until 1st April as I already paid into the saver that's just matured on March 1st. Has anyone attempted to transfer the first payment for a new Halifax Regular Saver in the same month as the last payment for the previous one matured and was it accepted? Or if it isn't acceptable can you get round it by closing the original account and then applying for a new one? 

The reason I'm doubting what I was told is that the same agent also told me that as funds from maturing savers aren't processed until the next working day after maturity my funds wouldn't be transferred to the everyday/instant saver account until Monday as Saturday and Sunday are not considered working days by Halifax. But Halifax sent me an online message in the early hours of this morning with a statement showing the transfer took place on Friday!

You can close the existing RS and immediately open new RS.  I've done it last year to get a better rate.  I can't be bothered this time round because by today's standard 5.5% is not that great for RS, so I will stick to my 1st of the month routine.

ColdIron

I had this problem a few days ago as I made my last payment 01/03/2024

Don't close the RS

The way to solve it is to use the 'renew' option on the regular saver, I suggest you choose the Everyday account

Then open a new RS, it will have a new account number so you can pay into it

When I did this I ended up with 2 Everyday savers, one from the renew action and another that just magically appeared. You can then close these leaving your Instant Saver account

liamcov

Has the new Gatehouse account launched? Can you hold both regular saver accounts?

Bridlington1

liamcov said:

Has the new Gatehouse account launched? Can you hold both regular saver accounts?

Yes it has been launched. Their terms seem to be a little unclear about this point but I've just been able to open issue 2 of their regular saver a despite already holding issue 1. I've yet to fund issue 2 though.

soulsaver

liamcov said:

Has the new Gatehouse account launched? Can you hold both regular saver accounts?

"Only individuals can open an account and only ONE Regular Saver account is allowed per person. Joint accounts are not permitted."

Janie2008

ColdIron said:

I had this problem a few days ago as I made my last payment 01/03/2024

Don't close the RS

The way to solve it is to use the 'renew' option on the regular saver, I suggest you choose the Everyday account

Then open a new RS, it will have a new account number so you can pay into it

When I did this I ended up with 2 Everyday savers, one from the renew action and another that just magically appeared. You can then close these leaving your Instant Saver account

How do you close them.  There doesn't seem to be an option? I have collected several accounts I don't need. 

jameseonline

Janie2008 said:

ColdIron said:

I had this problem a few days ago as I made my last payment 01/03/2024

Don't close the RS

The way to solve it is to use the 'renew' option on the regular saver, I suggest you choose the Everyday account

Then open a new RS, it will have a new account number so you can pay into it

When I did this I ended up with 2 Everyday savers, one from the renew action and another that just magically appeared. You can then close these leaving your Instant Saver account

How do you close them.  There doesn't seem to be an option? I have collected several accounts I don't need. 

You should be able to close accounts over the phone 

noh

Janie2008 said:

ColdIron said:

I had this problem a few days ago as I made my last payment 01/03/2024

Don't close the RS

The way to solve it is to use the 'renew' option on the regular saver, I suggest you choose the Everyday account

Then open a new RS, it will have a new account number so you can pay into it

When I did this I ended up with 2 Everyday savers, one from the renew action and another that just magically appeared. You can then close these leaving your Instant Saver account

How do you close them.  There doesn't seem to be an option? I have collected several accounts I don't need. 

There is an option in the app. Select the more option associated with the account you want to close then you are presented with an option to close the account.

Janie2008

noh said:

Janie2008 said:

ColdIron said:

I had this problem a few days ago as I made my last payment 01/03/2024

Don't close the RS

The way to solve it is to use the 'renew' option on the regular saver, I suggest you choose the Everyday account

Then open a new RS, it will have a new account number so you can pay into it

When I did this I ended up with 2 Everyday savers, one from the renew action and another that just magically appeared. You can then close these leaving your Instant Saver account

How do you close them.  There doesn't seem to be an option? I have collected several accounts I don't need. 

There is an option in the app. Select the more option associated with the account you want to close then you are presented with an option to close the account.

Brilliant I have the app but don't really use it.  Managed to close the 3 accounts I don't need.