Regular Savings Accounts: The Best Currently Available List!

ForumUser7

Lloyds Club Lloyds Monthly Saver.

Received a letter notifying me of maturity next month.

It implies I have 3 options (open new one, move funds to another account, close the account) and that I should let them know what I want to do before the day before maturity by logging into Online Banking.

I've logged on, but nothing obvious comes up re maturity. Only seems to be the option to renew into an easy access non-regular saver just now, or close just now, but no way to give instructions to occur on maturity.

Does this sound right please? If not, how do I express my preferences?

Thank you

jameseonline

ForumUser7 said:

Lloyds Club Lloyds Monthly Saver.

Received a letter notifying me of maturity next month.

It implies I have 3 options (open new one, move funds to another account, close the account) and that I should let them know what I want to do before the day before maturity by logging into Online Banking.

I've logged on, but nothing obvious comes up re maturity. Only seems to be the option to renew into an easy access non-regular saver just now, or close just now, but no way to give instructions to occur on maturity.

Does this sound right please? If not, how do I express my preferences?

Thank you

All of the options are right.

At maturity the regular saver converts to an easy access account, you can move the money elsewhere, you can close the easy access account.

And you can open another soon after.

As for letting them know you haven't got to do that you can do things yourself 

jameseonline

sta0612 said:

Hi, I'm hoping someone can advise with an issue I'm facing please.

I successfully renewed my Halifax Regular Saver on 28/03/24 to an Everyday Saver through Halifax online banking. All went as planned - I received a payment with the balance and accrued interest which I subsequently transferred to my current account.

I have tried multiple times on the 28th, 29th and today to do the same with my BOS Monthly Saver (I have tried BOS online banking and Halifax online banking), but I keep getting the below error.

Any advice please?

Maybe it's because of Easter &/or maintenance or maybe you need to wait till maturity completes.

Alternatively try calling them.

ForumUser7

jameseonline said:

ForumUser7 said:

Lloyds Club Lloyds Monthly Saver.

Received a letter notifying me of maturity next month.

It implies I have 3 options (open new one, move funds to another account, close the account) and that I should let them know what I want to do before the day before maturity by logging into Online Banking.

I've logged on, but nothing obvious comes up re maturity. Only seems to be the option to renew into an easy access non-regular saver just now, or close just now, but no way to give instructions to occur on maturity.

Does this sound right please? If not, how do I express my preferences?

Thank you

All of the options are right.

At maturity the regular saver converts to an easy access account, you can move the money elsewhere, you can close the easy access account.

And you can open another soon after.

As for letting them know you haven't got to do that you can do things yourself 

Ah right, thanks for explaining. The letter is a bit misleading in my opinion, it literally says 'let us know by [maturity date], when really it's more a case of doing it myself after the maturity date.

allegro120

ForumUser7 said:

Lloyds Club Lloyds Monthly Saver.

Received a letter notifying me of maturity next month.

It implies I have 3 options (open new one, move funds to another account, close the account) and that I should let them know what I want to do before the day before maturity by logging into Online Banking.

I've logged on, but nothing obvious comes up re maturity. Only seems to be the option to renew into an easy access non-regular saver just now, or close just now, but no way to give instructions to occur on maturity.

Does this sound right please? If not, how do I express my preferences?

Thank you

This letter is a bit confusing. You don't need to do anything.  On the day of maturity they turn the account into "Standard Saver". The day after you can view it as Standard Saver with interest added. At this point you can open your new Club Monthly Saver. 

jameseonline

ForumUser7 said:

jameseonline said:

ForumUser7 said:

Lloyds Club Lloyds Monthly Saver.

Received a letter notifying me of maturity next month.

It implies I have 3 options (open new one, move funds to another account, close the account) and that I should let them know what I want to do before the day before maturity by logging into Online Banking.

I've logged on, but nothing obvious comes up re maturity. Only seems to be the option to renew into an easy access non-regular saver just now, or close just now, but no way to give instructions to occur on maturity.

Does this sound right please? If not, how do I express my preferences?

Thank you

All of the options are right.

At maturity the regular saver converts to an easy access account, you can move the money elsewhere, you can close the easy access account.

And you can open another soon after.

As for letting them know you haven't got to do that you can do things yourself 

Ah right, thanks for explaining. The letter is a bit misleading in my opinion, it literally says 'let us know by [maturity date], when really it's more a case of doing it myself after the maturity date.

Yea I didn't really understand it either/got confused by it.

Had similar/same from BOS/Halifax (bit different as their regular carries on for another year AND balance after 1st year gets transferred to an instant access account) for their regulars.

Basically you can contact them about anything to do with your accounts or do things yourself same as any other time regardless of wether or not an account is maturing.

So treat the letter as reviewing your options or something 😁

Speculator

sta0612 said:

Speculator said:

sta0612 said:

Hi, I'm hoping someone can advise with an issue I'm facing please.

I successfully renewed my Halifax Regular Saver on 28/03/24 to an Everyday Saver through Halifax online banking. All went as planned - I received a payment with the balance and accrued interest which I subsequently transferred to my current account.

I have tried multiple times on the 28th, 29th and today to do the same with my BOS Monthly Saver (I have tried BOS online banking and Halifax online banking), but I keep getting the below error.

Any advice please?

Had same problem with BOS Monthly saver so had to wait for maturity.

Thanks for your response. Is this a recent issue?

Not sure. Maybe a glitch in the system.

Tried to renew since the beginning of Feb but got the same message as you.

ForumUser7

Speculator said:

sta0612 said:

Speculator said:

sta0612 said:

Hi, I'm hoping someone can advise with an issue I'm facing please.

I successfully renewed my Halifax Regular Saver on 28/03/24 to an Everyday Saver through Halifax online banking. All went as planned - I received a payment with the balance and accrued interest which I subsequently transferred to my current account.

I have tried multiple times on the 28th, 29th and today to do the same with my BOS Monthly Saver (I have tried BOS online banking and Halifax online banking), but I keep getting the below error.

Any advice please?

Had same problem with BOS Monthly saver so had to wait for maturity.

Thanks for your response. Is this a recent issue?

Not sure. Maybe a glitch in the system.

Tried to renew since the beginning of Feb but got the same message as you.

Hopefully they haven’t finally blocked the renewal trick… Could be testing it on one brand, before transferring to Lloyds as well

clivep

sta0612 said:

Hi, I'm hoping someone can advise with an issue I'm facing please.

I successfully renewed my Halifax Regular Saver on 28/03/24 to an Everyday Saver through Halifax online banking. All went as planned - I received a payment with the balance and accrued interest which I subsequently transferred to my current account.

I have tried multiple times on the 28th, 29th and today to do the same with my BOS Monthly Saver (I have tried BOS online banking and Halifax online banking), but I keep getting the below error.

Any advice please?

Have you emptied the a/c?

I seem to remember that BOS works different to Halifax and with BOS you can't renew if there's a balance. Maybe the unhelpful message is because of this?

vermania

I have had the very same problem with the Bank of Scotland renewal. Nothing has worked trying to move money around (short of closing the account which I have not done) so I will just wait until renewal on 2 April. Lloyds and Halifax renewed without any problems. In my vain attempts, one thing I did notice though is the Bank of Scotland account accepted new money yesterday as if it were April's contribution - so potentially there is a few days extra interest on weekends or bank holidays, but maybe not if they calculate interest based on the working day the transaction is logged against. Any willing volunteers to test that and earn/lose a few pennies?!