Regular Savings Accounts: The Best Currently Available List!

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.

karlie88

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?   

This little loophole has been around for many years and interest is paid at the correct amount. As long as the account says 5.25% or 4.5% when you log in then you'll get the advertised rate.

karlie88

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?

If it increases again next month then close and re-open.

apt

karlie88 said:

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?

If it increases again next month then close and re-open.

You can withdraw all your money, but you cannot open another Club Lloyds regular saver for 12 months from the opening date of your account, so those who have opened a Club Lloyds regular saver at a lower rate in the last couple of months are stymied. 5.25% is probably worth opening, however. I'd be surprised if they offer a significantly higher rate.

Nick_C

Worth reading today's posts before posting further.  And enough had been said already with regards to Lloyds. 

guestman

t1redmonkey said:

Can you open both if you're a Club Lloyds account holder or just one of them?

both , i have just closed both at 2.75 and reopened at the new rates

MiserlyMartin

clowning said:

london21 said:

Rates constantly changing, the only thing i am not happy with the 2.75% Santander esaver account is that it is variable.

Surely variable is best at the moment? It could go up

Not could, it should after 3rd November when the BoE raises by 0.75% - 1% ish. Though they might just issue a new version of the account. Banks are being very slow to pass on the rate hikes to savers, taking about a month to do anything!¬