Regular Savings Accounts: The Best Currently Available List!

Daliah

ForumUser7 said:

Daliah said:

Frogletina said:

ForumUser7 said:

Bank of Scotland also seems to offer the new 4.5% rate

I've opened this account, but I only opened the Lloyds RS accounts in September, so not eligible for those two as you can only open them every twelve months even if you close the existing ones. I'd already reduced the payments to £25 - have tried to close them as now not worth keeping them open, but system won't let me. Told me to try online or on a PC - I was!

I have closed mine with the "Renew savings account" function - renewed the regular savers to everyday savers, then withdrew my money.

I did this last week at BOS, Halifax and Lloyds, on accounts which were only 3 or 4 months old.

I have just now opened and funded the new account, with the new rates, at both BOS and Lloyds. The 12-months rule one the website is clearly not enforced by their systems 

Have you perchance been able to do this for TSB?

Last time I tried it at TSB, it didn't work. I never pursued it as their rates weren't enticing enough at the time.

wiseonesomeofthetime

DSM08 said:

Good stuff from Lloyds, I'm now wondering what to do with my First Direct RS @ 3.5%. I'm thinking I will reduce the standing order to £25 and focus on both Lloyds savers, as I don't have enough cash to make the most of them all.
Or should I just cancel the standing order? Perhaps even take the interest hit and withdraw it all, considering I opened the FD RS 2 months ago?

I reduced mine to the minimum £25pm otherwise I believe it will default to a pathetic rate instead for the funds in there. 

Had to call up though. Cannot amend in app. 

Sea_Shell

Daliah said:

Frogletina said:

ForumUser7 said:

Bank of Scotland also seems to offer the new 4.5% rate

I've opened this account, but I only opened the Lloyds RS accounts in September, so not eligible for those two as you can only open them every twelve months even if you close the existing ones. I'd already reduced the payments to £25 - have tried to close them as now not worth keeping them open, but system won't let me. Told me to try online or on a PC - I was!

I have closed mine with the "Renew savings account" function - renewed the regular savers to everyday savers, then withdrew my money.

I did this last week at BOS, Halifax and Lloyds, on accounts which were only 3 or 4 months old.

I have just now opened and funded the new account, with the new rates, at both BOS and Lloyds. The 12-months rule one the website is clearly not enforced by their systems 

Is there not the risk that their systems will "twig" this eventually and you won't actually get the interest you think you will?   

Nick_C

Sea_Shell said:

Daliah said:

Frogletina said:

ForumUser7 said:

Bank of Scotland also seems to offer the new 4.5% rate

I've opened this account, but I only opened the Lloyds RS accounts in September, so not eligible for those two as you can only open them every twelve months even if you close the existing ones. I'd already reduced the payments to £25 - have tried to close them as now not worth keeping them open, but system won't let me. Told me to try online or on a PC - I was!

I have closed mine with the "Renew savings account" function - renewed the regular savers to everyday savers, then withdrew my money.

I did this last week at BOS, Halifax and Lloyds, on accounts which were only 3 or 4 months old.

I have just now opened and funded the new account, with the new rates, at both BOS and Lloyds. The 12-months rule one the website is clearly not enforced by their systems 

Is there not the risk that their systems will "twig" this eventually and you won't actually get the interest you think you will?   

It's a risk I'm willing to take.  I've just followed Daliah's advice.  Tried to open the new account.  Was offered it.  Accepted their offer.  They should know what they are doing.  Worse case scenario should be that they might close the accounts early, but I think they would have to pay the interest that they offered when the account was opened.  Opening an account is an agreement.  A contract.  Lloyds are aware of all the circumstances when they allow the contract to be entered into.  If they try to pay any less, they will find themselves handling formal complaints (and their complaints team are very generous!)

cosh25

Halifax, BOS and Lloyds tend to follow each other… wonder why Halifax hasn’t followed suit!

ForumUser7

Saver53 said:

Lloyds Monthly Saver

It does not appear, looking at the summary box and the terms and conditions, that it is a condition of opening the new LLoyds Monthly Saver at 4.50% that you have not opened a Lloyds Monthly Saver in the last 12 months (but you can only have one LLoyds Monthly Saver at a time.  So you should not be penalised for closing an old Lloyds Monthly Saver and opening a new one. 

It is however still a condition of the new Club Lloyds Monthly Saver (5.25%) that you have not opened a Club Lloyds Monthly Saver in the last 12 months.

For the Lloyds Monthly Saver: 

Who this account is for

• Lloyds Bank current account holders who are yet to open a Monthly Saver in the last 12 months

Daliah

If you think you should not open a Lloyds or BOS monthly saver, just don't do it. 

Wheres_My_Cashback

I think the less chat about LBG RS the better  . It's been mentioned, but now doesn't need to be dragged out.

DragonQ

Is it worth waiting until next month before opening any of these regular savers (as we all know rates will rise again)? Or is this likely the best offer from Lloyds for a while?

glider3560

DragonQ said:

Is it worth waiting until next month before opening any of these regular savers (as we all know rates will rise again)? Or is this likely the best offer from Lloyds for a while?

Depends how much you like gambling.  The offer could be pulled by then, or it could be a higher rate.  We're unlikely to be able to predict that.