Regular Savings Accounts: The Best Currently Available List!

ForumUser7

badger09 said:

TSB and Santander reg savers

I need to close both of these early to generate interest this tax year, rather than next. Can anyone confirm that the best way to close is

TSB - telephone call? Or can it be done through Chat?

Santander - Chat?. 

Thanks

(I do have a suitable home for the proceeds, so no need to ask )

I did the same recently.

Santander through chat, chat done in ~ 7 minutes after I started! Then interest arrived and account came off app later that evening

TSB through chat is possible, if the agent actually submits the closure request - apparently 2 of them didn’t in my case so I’ve got a complaint in. Hopefully you have better luck

Expotter

I want to open a Halifax Regular Saver, but what's the consensus here, are they likely to increase their rate like Lloyds and BoS have done? Should I wait a week or so, or just open one and renew it later if it's increased? Thanks in advance for any replies.

badger09

ForumUser7 said:

badger09 said:

TSB and Santander reg savers

I need to close both of these early to generate interest this tax year, rather than next. Can anyone confirm that the best way to close is

TSB - telephone call? Or can it be done through Chat?

Santander - Chat?. 

Thanks

(I do have a suitable home for the proceeds, so no need to ask )

I did the same recently.

Santander through chat, chat done in ~ 7 minutes after I started! Then interest arrived and account came off app later that evening

TSB through chat is possible, if the agent actually submits the closure request - apparently 2 of them didn’t in my case so I’ve got a complaint in. Hopefully you have better luck

Thanks I'll try Chat first. 

changearound1

https://www.tsb.co.uk/help-and-support/general/close-account/#How_do_I_close_my_savings_account-1492959495403-content

https://www.santander.co.uk/personal/support/current-accounts/closing-an-account

ForumUser7

Expotter said:

I want to open a Halifax Regular Saver, but what's the consensus here, are they likely to increase their rate like Lloyds and BoS have done? Should I wait a week or so, or just open one and renew it later if it's increased? Thanks in advance for any replies.

I’d suggest you wait - IIRC, Lloyds and BoS were 18/10/2023, then Halifax was 25/10/2023

Bridlington1

Expotter said:

I want to open a Halifax Regular Saver, but what's the consensus here, are they likely to increase their rate like Lloyds and BoS have done? Should I wait a week or so, or just open one and renew it later if it's increased? Thanks in advance for any replies.

I would be surprised if Halifax kept the rate at 4.5% for much longer.

I'd still open it now at 4.5% then renew and close when the new issue comes out. It's better to have £250 sat at 4.5% for a few days than keep it in an EA account paying around 3.25% for that time IMHO.

schiff

Bridlington1 said:

Expotter said:

I want to open a Halifax Regular Saver, but what's the consensus here, are they likely to increase their rate like Lloyds and BoS have done? Should I wait a week or so, or just open one and renew it later if it's increased? Thanks in advance for any replies.

I would be surprised if Halifax kept the rate at 4.5% for much longer.

I'd still open it now at 4.5% then renew and close when the new issue comes out. It's better to have £250 sat at 4.5% for a few days than keep it in an EA account paying around 3.25% for that time IMHO.

Bridlington1 said:

Expotter said:

I want to open a Halifax Regular Saver, but what's the consensus here, are they likely to increase their rate like Lloyds and BoS have done? Should I wait a week or so, or just open one and renew it later if it's increased? Thanks in advance for any replies.

I would be surprised if Halifax kept the rate at 4.5% for much longer.

I'd still open it now at 4.5% then renew and close when the new issue comes out. It's better to have £250 sat at 4.5% for a few days than keep it in an EA account paying around 3.25% for that time IMHO.

£250 at 1.25% (the difference) is 6p a week!

Bridlington1

schiff said:

Bridlington1 said:

Expotter said:

I want to open a Halifax Regular Saver, but what's the consensus here, are they likely to increase their rate like Lloyds and BoS have done? Should I wait a week or so, or just open one and renew it later if it's increased? Thanks in advance for any replies.

I would be surprised if Halifax kept the rate at 4.5% for much longer.

I'd still open it now at 4.5% then renew and close when the new issue comes out. It's better to have £250 sat at 4.5% for a few days than keep it in an EA account paying around 3.25% for that time IMHO.

Bridlington1 said:

Expotter said:

I want to open a Halifax Regular Saver, but what's the consensus here, are they likely to increase their rate like Lloyds and BoS have done? Should I wait a week or so, or just open one and renew it later if it's increased? Thanks in advance for any replies.

I would be surprised if Halifax kept the rate at 4.5% for much longer.

I'd still open it now at 4.5% then renew and close when the new issue comes out. It's better to have £250 sat at 4.5% for a few days than keep it in an EA account paying around 3.25% for that time IMHO.

£250 at 1.25% (the difference) is 6p a week!

Still better than nothing. Look after the pennies and the pounds'll look after themselves.

subjecttocontract

Bridlington1 said:

schiff said:

Bridlington1 said:

Expotter said:

I want to open a Halifax Regular Saver, but what's the consensus here, are they likely to increase their rate like Lloyds and BoS have done? Should I wait a week or so, or just open one and renew it later if it's increased? Thanks in advance for any replies.

I would be surprised if Halifax kept the rate at 4.5% for much longer.

I'd still open it now at 4.5% then renew and close when the new issue comes out. It's better to have £250 sat at 4.5% for a few days than keep it in an EA account paying around 3.25% for that time IMHO.

Bridlington1 said:

Expotter said:

I want to open a Halifax Regular Saver, but what's the consensus here, are they likely to increase their rate like Lloyds and BoS have done? Should I wait a week or so, or just open one and renew it later if it's increased? Thanks in advance for any replies.

I would be surprised if Halifax kept the rate at 4.5% for much longer.

I'd still open it now at 4.5% then renew and close when the new issue comes out. It's better to have £250 sat at 4.5% for a few days than keep it in an EA account paying around 3.25% for that time IMHO.

£250 at 1.25% (the difference) is 6p a week!

Still better than nothing. Look after the pennies and the pounds'll look after themselves.

Absolute rubbish. Nobody is going to look after your pounds for you and they certainly won't look after themselves. In fact my experience is that there are an awful lot of people who are looking to relieve you of them.

happybagger

CooperSF said:

ForumUser7 said:

Hinckley and Rugby BS has published rates effective from 02/03/2023 - their regular saver 30 day notice remains at 4.75%

Disappointing to hear.

To be honest comparing the Feb and new March rates sheets at HRBS, it's not just the RS that hasn't budged. Nothing has, apart from the closed issues linked or tracking the BoE rate. Looks like no changes apart from where they are obliged to.