Regular Savings Accounts: The Best Currently Available List!

Bridlington1

gt94sss2 said:

Bridlington1 said:

LBG have raised their interest rates:

Club Lloyds Monthly saver now 6.25%
Lloyds Monthly saver now 5.25%
Bank of Scotland Monthly Saver now 5.5%
Halifax Monthly saver -No change still 4.5%

So is everyone closing their existing accounts and reopening them?

If I had opened my accounts a month or 2 ago I would be closing mine without a doubt, but my monthly savers are into their 4th or 5th month now so it is looking as though there won't be much in it either way. From about next month, possibly May even I will be emptying lower paying regular savers to feed the higher ones though.

I think I will keep the Club Lloyds monthly saver at 5.25%, am leaning towards closing the BOS monthly saver at 4.5% and am undecided about what to do with the Lloyds monthly saver at 4.5%.

Also I seem to recall last time LBG raised their rates Halifax followed suit a few days later so I shall be stalking their website...

kaMelo

As above, I'll need to do some calculations to see what works best for me.

trickydicky14

Can you defo close all these accounts, (Halifax, Lloyds and Bos) without loss and re-apply immediately at the new rates?

Steve_xx

trickydicky14 said:

Can you defo close all these accounts, (Halifax, Lloyds and Bos) without loss and re-apply immediately at the new rates?

If you close the Club Lloyds regular saver, you can't open another until the anniversary date of the first opening. Not sure about the others. 

Band7

Steve_xx said:

trickydicky14 said:

Can you defo close all these accounts, (Halifax, Lloyds and Bos) without loss and re-apply immediately at the new rates?

If you close the Club Lloyds regular saver, you can't open another until the anniversary date of the first opening. Not sure about the others. 

This is what the T&Cs say but to date, they have not enforced them. Applies across the LBG group and has been discussed upthread a few weeks ago. Only one way to find out whether they are enforcing the T&Cs now. I will do mine but don't have time right now to do so.

Expotter

Steve_xx said:

trickydicky14 said:

Can you defo close all these accounts, (Halifax, Lloyds and Bos) without loss and re-apply immediately at the new rates?

If you close the Club Lloyds regular saver, you can't open another until the anniversary date of the first opening. Not sure about the others. 

See 
https://forums.moneysavingexpert.com/discussion/6428126/lloyds-bank-of-scotland-halifax-regular-monthly-saver-limits#lates 

SFindlay

Steve_xx said:

trickydicky14 said:

Can you defo close all these accounts, (Halifax, Lloyds and Bos) without loss and re-apply immediately at the new rates?

If you close the Club Lloyds regular saver, you can't open another until the anniversary date of the first opening. Not sure about the others. 

All, including Club Lloyds, can be closed and reopened immediately.  Account needs to be renewed when closing it. 

SFindlay

Band7 said:

Steve_xx said:

trickydicky14 said:

Can you defo close all these accounts, (Halifax, Lloyds and Bos) without loss and re-apply immediately at the new rates?

If you close the Club Lloyds regular saver, you can't open another until the anniversary date of the first opening. Not sure about the others. 

This is what the T&Cs say but to date, they have not enforced them. Applies across the LBG group and has been discussed upthread a few weeks ago. Only one way to find out whether they are enforcing the T&Cs now. I will do mine but don't have time right now to do so.

It remains as before. 

TomJ

ForumUser7 said:

Bridlington1 said:

ChaskhaChaia said:

ForumUser7 said:

Here is a bit of data about this month’s Nationwide Start to Save Issue 2 Prize Draw:

https://www.nationwidemediacentre.co.uk/news/more-than-900-savers-win-gbp-250-in-nationwides-latest-start-to-save-prize-draw

Winners will be notified from 28 February and will have their £250 prize paid directly into their Start to Save (Issue 2) account from 1 March.

https://www.nationwide.co.uk/savings/help/terms/start-to-save-issue-2/

Within 30 days of the prize draw:

• we’ll tell you personally whether or not you’ve won and how many winners there are; and
• if you’ve won, we’ll pay the £250 prize into your account.

Hopefully we have some winners in this thread!

Not me! 😞

Nor me. Oh well at least I've got a good interest rate out of them.

Me neither - devastated ofc 😂

Gosh, I've won!

Snapdragon

SFindlay said:

Steve_xx said:

trickydicky14 said:

Can you defo close all these accounts, (Halifax, Lloyds and Bos) without loss and re-apply immediately at the new rates?

If you close the Club Lloyds regular saver, you can't open another until the anniversary date of the first opening. Not sure about the others. 

All, including Club Lloyds, can be closed and reopened immediately.  Account needs to be renewed when closing it. 

How do you RENEW? I went into app and chose my saver account and the 3 dots and there was a close account option in the list but nothing that sounded anything like renewing. Whilst I'd like to get the improved rates, I don't want to risk reasonable rates which are effectively easy access, if I get it wrong. Any help would be appreciated.