Lloyds/Bank of Scotland/Halifax regular/monthly saver limits

Bridlington1

ColdIron said:

ForumUser7 said:

homestraight said:

Hi All
I assume that once the interest rates on the easy access accounts I use passes the 4.5% regular savers then it's a clear case to close those and open the higher rate regular savers? 
Anything other than rate to consider. 

My easy access saver rates have passed this relatively recently in now reviewing the situation. 
Thanks

If you close, BoS and Lloyds terms state you're not allowed to open a new one until the maturity date of the original one if it had been left to run its course. But the renewal procedure is a work around.

Does the renew process work with Lloyds? I thought they enforced their conditions

It certainly does with Halifax and despite the T&Cs it also works with BoS as I did it in July

I'm happy to let my 5.25% Club Lloyds Monthly Saver run until October but would renew my 4.50% Lloyds Monthly Saver if I could

The renew process works with Lloyds too.

ColdIron

Many thanks

Barkin

Bridlington1 said:

ColdIron said:

ForumUser7 said:

homestraight said:

Hi All
I assume that once the interest rates on the easy access accounts I use passes the 4.5% regular savers then it's a clear case to close those and open the higher rate regular savers? 
Anything other than rate to consider. 

My easy access saver rates have passed this relatively recently in now reviewing the situation. 
Thanks

If you close, BoS and Lloyds terms state you're not allowed to open a new one until the maturity date of the original one if it had been left to run its course. But the renewal procedure is a work around.

Does the renew process work with Lloyds? I thought they enforced their conditions

It certainly does with Halifax and despite the T&Cs it also works with BoS as I did it in July

I'm happy to let my 5.25% Club Lloyds Monthly Saver run until October but would renew my 4.50% Lloyds Monthly Saver if I could

The renew process works with Lloyds too.

Sure does. Did it myself a while back, when they upped the rate to 6.25% two weeks after I'd started mine... 

ColdIron

Bridlington1 said:

ColdIron said:

ForumUser7 said:

homestraight said:

Hi All
I assume that once the interest rates on the easy access accounts I use passes the 4.5% regular savers then it's a clear case to close those and open the higher rate regular savers? 
Anything other than rate to consider. 

My easy access saver rates have passed this relatively recently in now reviewing the situation. 
Thanks

If you close, BoS and Lloyds terms state you're not allowed to open a new one until the maturity date of the original one if it had been left to run its course. But the renewal procedure is a work around.

Does the renew process work with Lloyds? I thought they enforced their conditions

It certainly does with Halifax and despite the T&Cs it also works with BoS as I did it in July

I'm happy to let my 5.25% Club Lloyds Monthly Saver run until October but would renew my 4.50% Lloyds Monthly Saver if I could

The renew process works with Lloyds too.

Thanks again, it worked just fine