Regular Savings Accounts: The Best Currently Available List!

soulsaver

Daliah said:

SFindlay said:

soulsaver said:

chris_the_bee said:

Nick_C said:

Anyone else trying to close the Halifax Regular Saver?

I couldn't see a way to close the account on line, but you can "renew" the account to an everyday saver, and then transfer all the funds to your current account.

I seem to remember you have to phone them.

No you don't. See my earlier reply.

Soulsaver your earlier reply you refer to says "

You can close it on line under 'account services' - balance must be <£5 so w/d down to that first."

However Halifax Regular Saver does not allow withdrawals except upon closure so its not possible to withdraw down to a balance of less than £5 so its impossible to follow your advice. 

You reduce its  balance by ”renewing” it into an esaver. Balance plus interest earned gets moved. Then take the money out of the esaver (might have to go via a current account). I think it only works in online banking, not in the app

Works the same at Lloyds.

And BoS, however, unlike Hfax, does allow w/ds direct from the RS, and subsequent closure at < £5.. 

soulsaver

SFindlay said:

soulsaver said:

SFindlay said:

soulsaver said:

karlie88 said:

Transferred over £2650  from santander monthly saver that was earning 2.5% (must have missed the newer 2.75% acc) to their new easy access account.

Re: amount, if you know, you know.

You can pay the whole of the last maturing RS in on the first payment of the new? I could never get it to work.

It's been transferred to new easy access account not RS.

Obviously. But her(?) tease is about how come she has more than 12 monthly payments earning in a Santander 12 month Reg Saver, max £2400.

Only the overly sensitive people around would  find that a tease, it used to be that we could freely give tips about making a 13th payment on acxounts until these very same overly sensitive people objected to that too!! Now subtle hints seem to cause a problem to some! 

It's not about the 13th payment: You dont get to £2650 from £200 pm.

SFindlay

soulsaver said:

Daliah said:

SFindlay said:

soulsaver said:

chris_the_bee said:

Nick_C said:

Anyone else trying to close the Halifax Regular Saver?

I couldn't see a way to close the account on line, but you can "renew" the account to an everyday saver, and then transfer all the funds to your current account.

I seem to remember you have to phone them.

No you don't. See my earlier reply.

Soulsaver your earlier reply you refer to says "

You can close it on line under 'account services' - balance must be <£5 so w/d down to that first."

However Halifax Regular Saver does not allow withdrawals except upon closure so its not possible to withdraw down to a balance of less than £5 so its impossible to follow your advice. 

You reduce its  balance by ”renewing” it into an esaver. Balance plus interest earned gets moved. Then take the money out of the esaver (might have to go via a current account). I think it only works in online banking, not in the app

Works the same at Lloyds.

And BoS, however, unlike Hfax, does allow w/ds direct from the RS, and subsequent closure at < £5.. 

However the OP wasn't asking about BoS, the question was in relation to Halifax so BoS terms are irrelevant!! 

SFindlay

soulsaver said:

SFindlay said:

soulsaver said:

SFindlay said:

soulsaver said:

karlie88 said:

Transferred over £2650  from santander monthly saver that was earning 2.5% (must have missed the newer 2.75% acc) to their new easy access account.

Re: amount, if you know, you know.

You can pay the whole of the last maturing RS in on the first payment of the new? I could never get it to work.

It's been transferred to new easy access account not RS.

Obviously. But her(?) tease is about how come she has more than 12 monthly payments earning in a Santander 12 month Reg Saver, max £2400.

Only the overly sensitive people around would  find that a tease, it used to be that we could freely give tips about making a 13th payment on acxounts until these very same overly sensitive people objected to that too!! Now subtle hints seem to cause a problem to some! 

It's not about the 13th payment: You dont get to £2650 from £200 pm.

You do if make 13 payments of £200 and get about £50 interest as OP didn't specify exactly £2650! 

soulsaver

SFindlay said:

soulsaver said:

Daliah said:

SFindlay said:

soulsaver said:

chris_the_bee said:

Nick_C said:

Anyone else trying to close the Halifax Regular Saver?

I couldn't see a way to close the account on line, but you can "renew" the account to an everyday saver, and then transfer all the funds to your current account.

I seem to remember you have to phone them.

No you don't. See my earlier reply.

Soulsaver your earlier reply you refer to says "

You can close it on line under 'account services' - balance must be <£5 so w/d down to that first."

However Halifax Regular Saver does not allow withdrawals except upon closure so its not possible to withdraw down to a balance of less than £5 so its impossible to follow your advice. 

You reduce its  balance by ”renewing” it into an esaver. Balance plus interest earned gets moved. Then take the money out of the esaver (might have to go via a current account). I think it only works in online banking, not in the app

Works the same at Lloyds.

And BoS, however, unlike Hfax, does allow w/ds direct from the RS, and subsequent closure at < £5.. 

However the OP wasn't asking about BoS, the question was in relation to Halifax so BoS terms are irrelevant!! 

It was info pertinent to the 'works the same as lloyds' comment.
Maybe I should ask you before I post if it's relevant in your opinion, shall I?  

Section62

SFindlay said:

soulsaver said:

SFindlay said:

soulsaver said:

SFindlay said:

soulsaver said:

karlie88 said:

Transferred over £2650  from santander monthly saver that was earning 2.5% (must have missed the newer 2.75% acc) to their new easy access account.

Re: amount, if you know, you know.

You can pay the whole of the last maturing RS in on the first payment of the new? I could never get it to work.

It's been transferred to new easy access account not RS.

Obviously. But her(?) tease is about how come she has more than 12 monthly payments earning in a Santander 12 month Reg Saver, max £2400.

Only the overly sensitive people around would  find that a tease, it used to be that we could freely give tips about making a 13th payment on acxounts until these very same overly sensitive people objected to that too!! Now subtle hints seem to cause a problem to some! 

It's not about the 13th payment: You dont get to £2650 from £200 pm.

You do if make 13 payments of £200 and get about £50 interest as OP didn't specify exactly £2650! 

I think it is reasonable to suggest you probably won't be getting the elaboration you might be seeking here on a public forum...

...it might be better if we all went back to discussing "Regular Savings Accounts: The Best Currently Available List", rather than speculate on people's sensitivities etc.

Bridlington1

For anyone trying to close their Santander regular saver, who lives or works near a Santander branch, don't bother with the chat service. I've just closed my Santander regular saver in branch. A couple of hours later the account was closed and the interest was in my Santander eSaver. It only took about 2 minutes of my time in total so certainly beats waiting however long on the end of a chat service or listening to hold music.

Nick_C

Bridlington1 said:

For anyone trying to close their Santander regular saver, who lives or works near a Santander branch, don't bother with the chat service. I've just closed my Santander regular saver in branch. A couple of hours later the account was closed and the interest was in my Santander eSaver. It only took about 2 minutes of my time in total so certainly beats waiting however long on the end of a chat service or listening to hold music.

I asked for it to be closed using the chat bot last night.  Was processed this morning.  Quick and easy.

ForumUser7

From the 18th October the rates for amounts over £1,001 on the NatWest and RBS digital regular savers are increasing. £1-£1000 will still be 5.12%, but £1,001 - £5,000 will be 1% (up from 0.50%) and over £5,000 will be 0.50% (up from 0.40%).

[Deleted User]

I know that closing the recently opened Santander Regular Saver at 2.75% would seem to be the sensible option now that there is the instant access E Saver at the same rate. However I am always loath to close a regular saver before its term is up just for the sake of it. My reluctance stems from the possibility that I might be "punished" for early closing by being locked out of some new souper-douper RS offer further down the line. Does anyone see any disadvantage in just keeping the 2.75% RS going in parallel with the E Saver, or am I missing something?