Regular Savings Accounts: The Best Currently Available List!

Bridlington1

Bigwheels1111 said:

Bridlington1 said:

georged123 said:

I’m already with NatWest and using their digital regular saver account, if I switch to First Direct to get the switching bonus and use their 7% saver, I presume I will lose access to that account.

Can I open up a First Direct current account and keep my NatWest accounts too?

Though there's due to be a "shake-up" of First Direct's savings rates commencing tomorrow so if you are opening a FD regular saver it may be worth waiting a few days to see how they respond. If they suddenly up their regular saver to say 10% or whatever and you've locked in at 7% it would be pretty annoying to say the least.

Last year they put the rate up to 7% and upped it for everyone who already had a regular saver at the time.
Im 2 months into my regular saver, I would cancel it and reopen a mew one if needs be.

They haven't always upped the rates for existing customers though so I certainly wouldn't bank on them doing that again this time round (no pun intended).

They do have a 14 day cooling off period for the account so you could close it shortly afterwards without penalty if you wanted but you would have to wait until the old one is fully closed before you could open a new one at the higher rate. They have been known to take a few days to fully close a regular saver even on maturity so if they brought out a higher paying regular saver you'd lose out on those first few days of the higher rate being available if had recently opened the 7% version.

t1redmonkey

Would be surprised (but definitely not opposed) if FD increases the rate on the Regular Saver.  However their sister bank, HSBC, are the ones who absolutely should be increasing their RS.  Would be amazing if they did similar to what Natwest/RBS or Halifax/BoS do (essentially having the same products) and then we get two 7% Regular Savers

ForumUser7

Looks like perhaps nothing exciting with first direct

https://www.firstdirect.com/savings-and-investments/savings/

pecunianonolet

ForumUser7 said:

Looks like perhaps nothing exciting with first direct

https://www.firstdirect.com/savings-and-investments/savings/

Underwhelming. 

Bigwheels1111

Very Underwhelming,

Just took out a Virgin 3y ISA @ 5.20%

JN Bank Fixed Term Savings Account4/5 years now 6.0%

crumpet_man

I know this has come up before but I cannot find it by searching, how do I close a Lloyds monthly saver and Club saver?  It does not seem possible to do it through the app.

I opened both accounts when the rate was 4.5% and 5.5% respectively and would like to close and open new accounts which have the increased rate.

Bridlington1

crumpet_man said:

I know this has come up before but I cannot find it by searching, how do I close a Lloyds monthly saver and Club saver?  It does not seem possible to do it through the app.

I opened both accounts when the rate was 4.5% and 5.5% respectively and would like to close and open new accounts which have the increased rate.

Renew into an easy saver, empty and you can close from there. I've not done it in the app before but this definitely works in online banking.

pecunianonolet

crumpet_man said:

I know this has come up before but I cannot find it by searching, how do I close a Lloyds monthly saver and Club saver?  It does not seem possible to do it through the app.

I opened both accounts when the rate was 4.5% and 5.5% respectively and would like to close and open new accounts which have the increased rate.

Only worth doing if you're less than 3 months in if I remember corectly from all the tables and calculations posted. 

wiseonesomeofthetime

crumpet_man said:

I know this has come up before but I cannot find it by searching, how do I close a Lloyds monthly saver and Club saver?  It does not seem possible to do it through the app.

I opened both accounts when the rate was 4.5% and 5.5% respectively and would like to close and open new accounts which have the increased rate.

As others rightly say, it's online banking only. Go to other actions, bottom one is renew account.

Mine are 8 months in. Lloyds and BoS ones will go if my YBS Loyalty 6 Saver hits 4.5% else will continue to run until maturity in October. Club Lloyds will survive for definite.

crumpet_man

Thanks for the info, I will try on online banking.  

I think the under three months thing may be different now that we have had a rate increase and anyway, I have a new home for the funds.