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

JamesRobinson48

Principality BS savings rate reductions, for currently available variable rate RS accounts, are now visible on its website. Reductions apply from 13 March.


* 1 Year Triple Access Regular Saver down from 5.60% to 5.40%

https://www.principality.co.uk/home/savings/savings-accounts/1-year-triple-access-regular-saver

* First Home Steps Account down from 4.85% to 4.65%

https://www.principality.co.uk/home/savings/savings-accounts/first-home-steps-account


Of course, the majority of Principality's RS accounts are fixed rate therefore not affected. Although one wonders if there might be some NLAs and new issues coming along soon.

Slinky

Tried opening a Halifax RS yesterday as a new customer but got a message saying I would have to visit a branch, but not explaining why. Anybody else had this? Tried again this morning and still getting it. I've got an account with Lloyds so I'm no unknown to the group.

You’re applying for a Regular Saver account

Something’s gone wrong

RosieRooBear

Slinky said:

Tried opening a Halifax RS yesterday as a new customer but got a message saying I would have to visit a branch, but not explaining why. Anybody else had this? Tried again this morning and still getting it. I've got an account with Lloyds so I'm no unknown to the group.

You’re applying for a Regular Saver account

Something’s gone wrong

@Slinky, yes it happened to me too. I had online access with them when I had my mortgage with them but paid it off late 2021 but was unable to open the regular saver with them recently. I tried as a new customer and as an existing customer using my old login details but it wouldn’t let me using either. I gave up as I’ve got enough other regular savers and not really able to travel to a branch.

Dizzycap

Stargunner said:

10_66 said:

BoS
Has anyone managed to get BoS renew to work, lately?  I know there was  discussion a while ago when others were finding it wouldn't renew with BoS message saying "something's gone wrong", and that's what I'm now getting, though it's worked in the past.  Just wondered if anyone found a way round. I've got Halifax and both Lloyds to renew.

I think that the renew only works if your RS has matured.
I wanted to refresh a Lloyds RS this week that still had 6 months to run. I couldn’t renew it, so I had to empty it, close it via chat and then I opened a new one the following day once the old RS had disappeared from my online banking.

You can renew anytime, although I believe if you've already used a 'renew' for a RS for LLoyds, Halifax or BoS it won't allow you to renew again. I renewed my Lloyds but I can't renew Halifax or BoS because they all part of the same umbrella group. I now have to transfer all proceeds out, close via chat, and then wait for a fresh application window which can be anything from 10 minutes to 24 hours.

My First Direct RS matured on the 4th of Feb but I was able to apply for a new 7% fixed RS 2 days before maturity but it still took 3 days to open due to high demand - there was a warning when I applied that it would take 3-5 days before the new RS would be opened.

WillPS

Haven't seen it mentioned yet (apologies if it was and I missed it). Co-op Bank have announced a slew of rate reductions but the 7% Regular Saver is not among them.

Speculator

Dizzycap said:

Stargunner said:

10_66 said:

BoS
Has anyone managed to get BoS renew to work, lately?  I know there was  discussion a while ago when others were finding it wouldn't renew with BoS message saying "something's gone wrong", and that's what I'm now getting, though it's worked in the past.  Just wondered if anyone found a way round. I've got Halifax and both Lloyds to renew.

I think that the renew only works if your RS has matured.
I wanted to refresh a Lloyds RS this week that still had 6 months to run. I couldn’t renew it, so I had to empty it, close it via chat and then I opened a new one the following day once the old RS had disappeared from my online banking.

You can renew anytime, although I believe if you've already used a 'renew' for a RS for LLoyds, Halifax or BoS it won't allow you to renew again. I renewed my Lloyds but I can't renew Halifax or BoS because they all part of the same umbrella group. I now have to transfer all proceeds out, close via chat, and then wait for a fresh application window which can be anything from 10 minutes to 24 hours.

My First Direct RS matured on the 4th of Feb but I was able to apply for a new 7% fixed RS 2 days before maturity but it still took 3 days to open due to high demand - there was a warning when I applied that it would take 3-5 days before the new RS would be opened.

renewed both lloyds club monthly and normal monthly and halifax multiple times within a year with no problems. However, always get error message with BOS. Tried on Halifax website and BOS website but no luck.

Never needed to use chat to renew/reopen a regular saver

Aidanmc

Re Loughborough Holiday monthly saver application, how long did you have to wait on a response after emailing application and id docs?

WillPS

Aidanmc said:

Re Loughborough Holiday monthly saver application, how long did you have to wait on a response after emailing application and id docs?

I got a secure message with account details next day, asking me to wait til tomorrow (didn't do) and add opening deposit and reply(immediately did). Two days after that I had confirmation the opening deposit had been received and passbook was being sent out (not received yet, but not something I urgently need).

Slinky

RosieRooBear said:

Slinky said:

Tried opening a Halifax RS yesterday as a new customer but got a message saying I would have to visit a branch, but not explaining why. Anybody else had this? Tried again this morning and still getting it. I've got an account with Lloyds so I'm no unknown to the group.

You’re applying for a Regular Saver account

Something’s gone wrong

@Slinky, yes it happened to me too. I had online access with them when I had my mortgage with them but paid it off late 2021 but was unable to open the regular saver with them recently. I tried as a new customer and as an existing customer using my old login details but it wouldn’t let me using either. I gave up as I’ve got enough other regular savers and not really able to travel to a branch.

Yes I'm inclined to give it a swerve also if it involves having to go into the neighbouring town which might have a branch, I'm not sure.

WillPS

I find with LBG it helps having a current account with each brand. I know a Halifax Current Account isn't a requirement to hold a regular saver, but I bet the issue would go away if you had one.

(Optionally if you take the Reward option it's also an easy way to earn £5 [x3] per month for little effort, but any current account including the fee-free and even Basic ones will do the trick to clear this message).