The Old Regular Savers Discussion Thread 28/12/24-29/1/26

Section62

soulsaver said:

Leed BS - I see no transaction history on any of my accounts. Is it the same for others? Tried clearing cache & cookies and Edge & Chrome.

Balances all concur with my spreadsheet but no history?

Working Ok for me, including using the 'more transactions' button.  (Firefox though)

clairec666

dibbles212 said:

flaneurs_lobster said:

dibbles212 said:

Refreshing Advice

Does anyone have advice for "refreshing" RS accounts? Anything to look out for? For example, could I simply close my Lloyds 5.25% RS, receieve all interest and money up to that point, and then re-open? Are there preferable accounts or accounts to avoid for this?

Generally you would be looking to refresh fixed rate accounts (like the Lloyds RS) in order to secure the rate for another 12 months. One consideration is where are you going to put the funds that you will free up by this process - fine if you have a specific spending need but finding a lump sum savings home paying as much as the RS will be problematic. You need to do the sums as to whether the refresh will actually generate a larger return overall than continuing as is.

Sometimes there can be tax advantages to refreshing an account towards the end of a tax year - using up any remaining allowance in the current year rather than carrying the gain into the next.

Thank you. Basically, I need the funds to pay higher interest RS accounts at the start of January.

Re refreshing...

There are some accounts where you want to avoid refreshing. First Direct in particular - if you close early you'll get a lower rate of interest for the whole time the money was in the account.
In some cases you can close early but can't open another one until the original maturity date has passed - TSB definitely does this. Presumably this is to discourage people from refreshing.
Cooperative can be slow to open a new account (a few days or so) so if you're refreshing and are keen to get a late in the month maturity date, don't leave it too late or it might get pushed into the next month.

While we're on the topic, I asked earlier if anyone had experience of refreshing Monmouthshire regular saver issue 8, but I think my comment got lost in other conversations. Any feedback on this? Good/bad/quick/slow?

@dibbles212 I'm in the same boat as you, I'll be struggling to fund my regular savers in January and a good option would be to free up some money from Monmouthshire. Yes, I could just withdraw it, but refreshing would be a better option as it'll spread my maturity dates out nicely throughout the year.

dibbles212

clairec666 said:

dibbles212 said:

flaneurs_lobster said:

dibbles212 said:

Refreshing Advice

Does anyone have advice for "refreshing" RS accounts? Anything to look out for? For example, could I simply close my Lloyds 5.25% RS, receieve all interest and money up to that point, and then re-open? Are there preferable accounts or accounts to avoid for this?

Generally you would be looking to refresh fixed rate accounts (like the Lloyds RS) in order to secure the rate for another 12 months. One consideration is where are you going to put the funds that you will free up by this process - fine if you have a specific spending need but finding a lump sum savings home paying as much as the RS will be problematic. You need to do the sums as to whether the refresh will actually generate a larger return overall than continuing as is.

Sometimes there can be tax advantages to refreshing an account towards the end of a tax year - using up any remaining allowance in the current year rather than carrying the gain into the next.

Thank you. Basically, I need the funds to pay higher interest RS accounts at the start of January.

Re refreshing...

There are some accounts where you want to avoid refreshing. First Direct in particular - if you close early you'll get a lower rate of interest for the whole time the money was in the account.
In some cases you can close early but can't open another one until the original maturity date has passed - TSB definitely does this. Presumably this is to discourage people from refreshing.
Cooperative can be slow to open a new account (a few days or so) so if you're refreshing and are keen to get a late in the month maturity date, don't leave it too late or it might get pushed into the next month.

While we're on the topic, I asked earlier if anyone had experience of refreshing Monmouthshire regular saver issue 8, but I think my comment got lost in other conversations. Any feedback on this? Good/bad/quick/slow?

@dibbles212 I'm in the same boat as you, I'll be struggling to fund my regular savers in January and a good option would be to free up some money from Monmouthshire. Yes, I could just withdraw it, but refreshing would be a better option as it'll spread my maturity dates out nicely throughout the year.

Thank you, it is good to know these specifics.

flaneurs_lobster

clairec666 said:

While we're on the topic, I asked earlier if anyone had experience of refreshing Monmouthshire regular saver issue 8, but I think my comment got lost in other conversations. Any feedback on this? Good/bad/quick/slow?

I wouldn't be at all surprised if the reason that no-one has replied is because no-one has had the cojones to even try this with MonBS. People with rather more accounts than are actually allowed for in the T&Cs probably doesn't help either..

dcs34

Kim_13 said:

Loughborough have sent a copy of the rate reductions in the post. They neglected to include the account name and listed 0.20% reduction next to an empty box 😂 A full list of all their rates was enclosed so they probably won’t have to issue a correction.

Same here, though with two accounts I received two copies of the letter and leaflet. I guess technically that's good enough in terms of notice of interest reductions! But it does seem they forgot to add the account type to the letter when doing the 'mail merge'!

Bridlington1

happybagger said:

Chorley BS w/e 16/1/26, slight change:

Regular Saver (all issues, NLA and open) from 5.15 to 5.10%
Regional 2 Year Flexible Saver also from 5.15 to 5.10%

source: email

In addition to the above it's now been confirmed their Home Saver is going to be unaffected by the above changes so remains at 4.25%.

Whilst I'm here the interest rate reductions for the Skipton tracker accounts has now come into effect so their Members RS (Issues 4 & 5) and Regular Saver (Issues 1 & 2) have fallen to 5.75% and 5.25% respectively. These changes shall be reflected on p1 of this thread shortly.

s71hj

flaneurs_lobster said:

clairec666 said:

While we're on the topic, I asked earlier if anyone had experience of refreshing Monmouthshire regular saver issue 8, but I think my comment got lost in other conversations. Any feedback on this? Good/bad/quick/slow?

I wouldn't be at all surprised if the reason that no-one has replied is because no-one has had the cojones to even try this with MonBS. People with rather more accounts than are actually allowed for in the T&Cs probably doesn't help either..

100% this, to the extent that I was on the verge of replying with exactly that!!! Same with Principality 

clairec666

flaneurs_lobster said:

clairec666 said:

While we're on the topic, I asked earlier if anyone had experience of refreshing Monmouthshire regular saver issue 8, but I think my comment got lost in other conversations. Any feedback on this? Good/bad/quick/slow?

I wouldn't be at all surprised if the reason that no-one has replied is because no-one has had the cojones to even try this with MonBS. People with rather more accounts than are actually allowed for in the T&Cs probably doesn't help either..

Fair point - from my experiences with their app, I would have doubts that it would run smoothly.

I've only got the allowed number of accounts, so no harm in attracting Monmouthshire's attention. I wouldn't want to completely mess things up though. Hence why I was wondering if anyone else had succeeded.

Pickledonionlover

dcs34 said:

Kim_13 said:

Loughborough have sent a copy of the rate reductions in the post. They neglected to include the account name and listed 0.20% reduction next to an empty box 😂 A full list of all their rates was enclosed so they probably won’t have to issue a correction.

Same here, though with two accounts I received two copies of the letter and leaflet. I guess technically that's good enough in terms of notice of interest reductions! But it does seem they forgot to add the account type to the letter when doing the 'mail merge'!

I received two letters yesterday too which have no indication (I have more than than two accounts with them) which accounts were impacted.

I resorted to this leaflet below.

@Bridlington1

https://www.theloughborough.co.uk/wp-content/uploads/2025/10/Interest-Rate-Poster-5-January-2026-1.pdf

saverkev

dibbles212 said:

Refreshing Advice

Does anyone have advice for "refreshing" RS accounts? Anything to look out for? For example, could I simply close my Lloyds 5.25% RS, receieve all interest and money up to that point, and then re-open? Are there preferable accounts or accounts to avoid for this?

Lloyds

Lloyds terms state you cannot open another RS until the full 12 month term has ended even if you close your current one. However it is possible to do it by reducing the balance to £5 or less and then renew the account into an easy saver. A new RS can then be opened.