Regular Savings Accounts: The Best Currently Available List!

tr7phil

refluxer said:

tr7phil said:

I have a Regular Saver with Halifax that I've not paid into since July, since their Regular Saver now says it pays 4.5% I was toying with the idea of funding it again but when I login to online banking the rate shows as 1.25% still.

Does anyone know if this will update if I start funding it again or do I need to close it and then open a new one to get the current rate?

Halifax Regular Savers usually have a fixed rate of interest which is why your's hasn't increased.

If you're wanting to close it early and open a new one, you'll need to check that you can open more than one a year. You definitely can't for the Kids' Regular Saver but I'm not sure about the adult version.

Looking at the account, this was opened in July 2018 and I paid the full £250 per month in until June 2022 with each successive year being a worse (but still competitve) rate.  I stopped funding when I did because it was no longer competitive but now it is again I didn't want to risk paying in and only getting 1.25%.  Previously when it matured each year (and the rate was going down) the new rate was already visible on the account but not this time...

wmb194

tr7phil said:

refluxer said:

tr7phil said:

I have a Regular Saver with Halifax that I've not paid into since July, since their Regular Saver now says it pays 4.5% I was toying with the idea of funding it again but when I login to online banking the rate shows as 1.25% still.

Does anyone know if this will update if I start funding it again or do I need to close it and then open a new one to get the current rate?

Halifax Regular Savers usually have a fixed rate of interest which is why your's hasn't increased.

If you're wanting to close it early and open a new one, you'll need to check that you can open more than one a year. You definitely can't for the Kids' Regular Saver but I'm not sure about the adult version.

Looking at the account, this was opened in July 2018 and I paid the full £250 per month in until June 2022 with each successive year being a worse (but still competitve) rate.  I stopped funding when I did because it was no longer competitive but now it is again I didn't want to risk paying in and only getting 1.25%.  Previously when it matured each year (and the rate was going down) the new rate was already visible on the account but not this time...

Close it and open a new one. Use the 'renew' option in the app to make it an instant access savings account and then close that (probably in internet banking, too).

kaMelo

Yes,  Halifax have a rather annoying habit of opening a new regular saver automatically when the previous one matures even when you don't want it.

As above, renew to easy access account, log out and log back in then open new RS.

chris_the_bee

wmb194 said:

tr7phil said:

refluxer said:

tr7phil said:

I have a Regular Saver with Halifax that I've not paid into since July, since their Regular Saver now says it pays 4.5% I was toying with the idea of funding it again but when I login to online banking the rate shows as 1.25% still.

Does anyone know if this will update if I start funding it again or do I need to close it and then open a new one to get the current rate?

Halifax Regular Savers usually have a fixed rate of interest which is why your's hasn't increased.

If you're wanting to close it early and open a new one, you'll need to check that you can open more than one a year. You definitely can't for the Kids' Regular Saver but I'm not sure about the adult version.

Looking at the account, this was opened in July 2018 and I paid the full £250 per month in until June 2022 with each successive year being a worse (but still competitve) rate.  I stopped funding when I did because it was no longer competitive but now it is again I didn't want to risk paying in and only getting 1.25%.  Previously when it matured each year (and the rate was going down) the new rate was already visible on the account but not this time...

Close it and open a new one. Use the 'renew' option in the app to make it an instant access savings account and then close that (probably in internet banking, too).

Don't forget that as a Halifax customer you can use your account details to open similar EA account with Bank of Scotland, also up to £250/month @ 4.5%

Andystriker

wmb194 said:

tr7phil said:

refluxer said:

tr7phil said:

I have a Regular Saver with Halifax that I've not paid into since July, since their Regular Saver now says it pays 4.5% I was toying with the idea of funding it again but when I login to online banking the rate shows as 1.25% still.

Does anyone know if this will update if I start funding it again or do I need to close it and then open a new one to get the current rate?

Halifax Regular Savers usually have a fixed rate of interest which is why your's hasn't increased.

If you're wanting to close it early and open a new one, you'll need to check that you can open more than one a year. You definitely can't for the Kids' Regular Saver but I'm not sure about the adult version.

Looking at the account, this was opened in July 2018 and I paid the full £250 per month in until June 2022 with each successive year being a worse (but still competitve) rate.  I stopped funding when I did because it was no longer competitive but now it is again I didn't want to risk paying in and only getting 1.25%.  Previously when it matured each year (and the rate was going down) the new rate was already visible on the account but not this time...

Close it and open a new one. Use the 'renew' option in the app to make it an instant access savings account and then close that (probably in internet banking, too).

I did this, so I can confirm it does work!

bristolleedsfan

Cumberland B.S - Anybody who has applied for regular saver or any other savings account by this method

"You can book a telephone appointment with one of our friendly advisors who can take you through the application process or help you with your account at any time"

They allow an hour for any type of savings account application, am i correct in guessing they post completed application to be signed and returned as opposed to actually opening account during telephone call

happybagger

still gotta be in their operating area though

Band7

Courtesy of @Costabit : Your Money.com are reporting that RBS and NatWest are raising the 5% interest rate limit from £1000 to £5000 from Dec 6th

https://forums.moneysavingexpert.com/discussion/6402502/rbs-and-natwest-digital-saver-changes

Descrabled

Chorley Seasonal Saver

As expected the renewal of these seasonal savers has come through in this morning's post.at a variable interest rate of 2.3% for a saving of £25 to £250 each month.

I'm bowing out on this one as  it is well below my minimum easy access savings rate.

kuepper

How do I get to p1 of this thread without doing it 1 page at a time?