Regular Savings Accounts: The Best Currently Available List!

flaneurs_lobster

sta0612 said:

If I simply close the account, with the aim of being paid the accrued interest now (if that's possible), will I be barred from opening a new one until the account opening anniversary date?

Yes you can close and get all interest owing.

Yes you will be barred etc.

chris_the_bee

sta0612 said:

Hi all, thank you for the various responses regarding the BOS Monthly Saver renewal. Interesting/disappointing to hear others have had the same issue.

If I simply close the account, with the aim of being paid the accrued interest now (if that's possible), will I be barred from opening a new one until the account opening anniversary date?

Both myself and OH closed old one early and immediately opened new ones.

adindas

Unlike their BOS Monthly Saver counterpart paying the same interest rate, Halifax Regular Saver do not allow you to withdraws any money. I remember there is trick that you could close it and you get a correct interest until that day.  And you could then reopen a new one. IS the trick still working. If not, what will happen if you cancel the account before maturity, do you still need another year before you could open the new one ?? Any lead to this will be very much appreciated.

WillPS

adindas said:

Unlike their BOS Monthly Saver counterpart paying the same interest rate, Halifax Regular Saver do not allow you to withdraws any money. I remember there is trick that you could close it and you get a correct interest until that day.  And you could then reopen a new one. IS the trick still working. If not, what will happen if you cancel the account before maturity, do you still need another year before you could open the new one ?? Any lead to this will be very much appreciated.

It works, as far as I know - ISTR there is a gotcha that it won't let you deposit in to a regular saver twice in the same calendar month, even if the previous deposit was to an account which has since been closed tho.

chris_the_bee

adindas said:

Unlike their BOS Monthly Saver counterpart paying the same interest rate, Halifax Regular Saver do not allow you to withdraws any money. I remember there is trick that you could close it and you get a correct interest until that day.  And you could then reopen a new one. IS the trick still working. If not, what will happen if you cancel the account before maturity, do you still need another year before you could open the new one ?? Any lead to this will be very much appreciated.

You cannot open a new one until the day after you close the old one. I paid into both old and new in the same calendar month OK.

flaneurs_lobster

flaneurs_lobster said:

sta0612 said:

If I simply close the account, with the aim of being paid the accrued interest now (if that's possible), will I be barred from opening a new one until the account opening anniversary date?

Yes you can close and get all interest owing.

Yes you will be barred etc.

Apologies, wrong - confusing BoS w/ TSB.

soulsaver

BoS reporting tech problems closing their RS - maybe Bank Hols related? The usual closure hack is still OK for HFax RS for me.

fun4everyone

CuparLad said:

Re: Gatehouse

The Faster Payment I sent Gatehouse yesterday morning was acknowledged by text at 14:06 the same day and credited dated 1st April. They normally acknowledge via text at 13:0-something so suggests their systems hadn't cottoned on to the time change over the weekend.

This was, to the exact minute, completely accurate.  Ty CuparLad.

sta0612

chris_the_bee said:

sta0612 said:

Hi all, thank you for the various responses regarding the BOS Monthly Saver renewal. Interesting/disappointing to hear others have had the same issue.

If I simply close the account, with the aim of being paid the accrued interest now (if that's possible), will I be barred from opening a new one until the account opening anniversary date?

Both myself and OH closed old one early and immediately opened new ones.

Thanks. Did you close online? I'm being told I have to either go in to branch or call.

Hal17

Descrabled said:

TSB have this peculiar set-up where you cannot transfer directly from the TSB current account to the regular saver.

You can, however, send a faster payment from the TSB current account by adding a new payee, checked by COP of course.

Ms Descrabled sends her £250 by faster payment from her Lloyds current account.

That's interesting thank you for pointing that out. I did try a fast payment from our Lloyds account but it did not go through. Perhaps I might try again before my standing order kicks in.