Regular Savings Accounts: The Best Currently Available List!

soulsaver

kaMelo said:

Lloyd's back in the game then. As it's essentially an easy access account 2.75% is not bad at all.

Not applied to existing accounts? 

EarthBoy

soulsaver said:

kaMelo said:

Lloyd's back in the game then. As it's essentially an easy access account 2.75% is not bad at all.

Not applied to existing accounts? 

No.  Lloyds fixes the interest rate when you open the account, and it won't change up or down.  If you close the account you can't open another one until 12 months after you opened the first one, so you either stick with the original interest rate or move your money to a different bank.

Nick_C

soulsaver said:

kaMelo said:

Lloyd's back in the game then. As it's essentially an easy access account 2.75% is not bad at all.

Not applied to existing accounts? 

No, because these accounts have a fixed interest rate.  And if you close an existing account you cannot open a new one until the closed account would have matured. 

People did warn against opening the Lloyds Regular Savers at the derisory rates on offer earlier this year because of these conditions. 

SFindlay

EarthBoy said:

The interest rate on the Club Lloyds Monthly Saver has increased to 2.75% from today (was 1.50% before).

Lloyds' ordinary Monthly Saver has gone up from 1.25% to 2.50%.

Good thing is can hold both accounts.

Lloyds stablemates Bank of Scotland and Halifax have also increased their Monthly Savers to 2.5%. 

pearl123

You can close early the Club lloyds regular saver.
The Club lloyds  current account also needs to increase its saving rates. 

Nick_C

You cannot withdraw from the Halifax RS, but you can close the account without penalty. 

Descrabled

Halifax BofS

The monthly savers now at 2.5% like Lloyds. My regular savers mean interest is now 2.5% over all my accounts. No money left in instant access so now using Virgin HBs as my easy access.

Will not be opening any of these at the moment.

Wheres_My_Cashback

Opened all 4 LBG accounts and funded as they only take about 20 seconds each to do so, though 2 I shouldn't have been able to open due the 12 month rule.

Won't be expecting to keep these longer than 3/4 months as I'm sure current/new accounts elsewhere will soon overtake them with pending BoE rate rises.

Expotter

Could anyone tell me what would happen If I were to close the Lloyds Regular Saver early, would I be paid the interest up to that point or would I have to keep the account open until the end of the 12 months to receive the interest even if I had withdrawn all of the money?

ColdIron

The interest is calculated daily and if you close the account all interest accrued will be paid at that time