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ThePirates

Do you have to pay £25 into the Halifax RS every month or just when opening it? 

brucefan_2

Speculator said:

brucefan_2 said:

Speculator said:

CricketLady said:

Thanks Speculator, it is saying that if I don't want to renew I can open an Everyday Saver but would it do this instantly or would it roll over into this on the renewal date (21st?)  Sorry to be dense!

I always renew it to Everyday saver, then log out and log back in to open a new regular saver. Takes 5 mins.   You don't need to wait until the 21st. 

Do you by any chance know if there is any hassle closing the Halifax RS prior to the 12 months renewal notification and then re-opening a new one.

Locking in the 5.5% for a further 12 months would be attractive at this moment.

Had no problems renewing my 4 month old Halifax RS then opening a new Halifax RS. I always use the renew technique.

Thankyou!

Account 'renewed' and new 12- month RS opened with no difficulty.

schiff

Principality
My 6-Month RS is full at £1200 and is due to mature on 20/12. It appears to make sense to close it now (it's permitted) and reopen. Does that work? TIA

PowerSavingMode

schiff said:

Principality
My 6-Month RS is full at £1200 and is due to mature on 20/12. It appears to make sense to close it now (it's permitted) and reopen. Does that work? TIA

Yes, but you do risk the product being pulled before you have a chance to reopen it. 

Speculator

schiff said:

Principality
My 6-Month RS is full at £1200 and is due to mature on 20/12. It appears to make sense to close it now (it's permitted) and reopen. Does that work? TIA

Did it last week. Did the closure online at 2am, received message to say closure processed and funds sent 11.10am, able to open new 6 month regular about 12pm and received funds 4.20pm.

Dizzycap

Thomas_Crown said:

Speculator said:

jaypers said:

Based on the rates dropping I might just grab a Halifax RS at 5.5% while it’s still there. 

I’ve opened a few regular savers with a fixed rate of 5% (with penalty free and notice free access) or higher since BOE lowered the base rate and wife has done the same.

Halifax 5.5%, Lloyds 5.25%, Santander 5%.  

Will open the Principality 5.15% later today.

Shame I can’t renew my BOS 5.5%

My Principality Maturity Regular Saver Bond at 6.25% matures this Wednesday. I opened a Christmas 2025 Regular Saver Bond at 7%, on the 1st November. I know that it's a maximum of £125.00 pm but I think 5.15% is too low at the moment.

I agree......

masonic

ThePirates said:

Do you have to pay £25 into the Halifax RS every month or just when opening it?

Neither.  

jaypers

schiff said:

Principality
My 6-Month RS is full at £1200 and is due to mature on 20/12. It appears to make sense to close it now (it's permitted) and reopen. Does that work? TIA

How much do you lose doing this? Mine matures on 23/12. 

surreysaver

jaypers said:

schiff said:

Principality
My 6-Month RS is full at £1200 and is due to mature on 20/12. It appears to make sense to close it now (it's permitted) and reopen. Does that work? TIA

How much do you lose doing this? Mine matures on 23/12. 

You shouldn't lose anything - because in four and a half months time, you'll be in the same place you are now, with one and a half months still to go.
As long as you open a new one, you'll gain.
In fact, it'll give you some extra cashflow now to put in an easy access account earning about 5%, which you'll be unlikely to be earning in four months 

Hal17

Does anyone know if TSB keep to their T&C's if you close their Monthly Saver early? It says you can close an account but cannot open a new regular saver until the anniversary date of the account you have closed. Many thanks.