The Top Regular Savers Discussion Thread

nottsphil

simonsmithsays said:

francoghezzi said:

Please, if we could put the subject on top of our posts this forum would become more readable. The name of the bank or building society we're talking about might be perfect

I'd prefer the title of this thread to contain something like  'PLEASE STATE THE INSTITUTION YOU ARE REFERRING TO WHEN REPLYING'.

This might cut down on the amount of mind reading needed when forumites who don't.

Some don't even use the quote function!

Your last sentence implies that you need to state the institution whether or not you quote. If I've quoted somebody, then I'm certainly not going to state the institution again for others who can't be bothered to navigate the 'show previous quotes' feature.

nottsphil

chris_the_bee said:

Fingerbobs said:

Just opened a Principality Christmas 2025 RS, but I can't fund it. The sending bank just says the reference is invalid and refuses to send the payment. I've tried copying and pasting the details and re-typing everything, and tried two different sending banks, but they just refuse to send the payment. 
I didn't even realise the reference was checked. 

Principality
Principality takes 24 hours for COP to recognise new accounts.

I opened an Issue 35 regular saver bond 1
 this evening, and funded it straight away. Bank of Scotland couldn't get the reference verified of course, but let me proceed after a warning.

It's still showing at 5.15% right now by the way, despite being a fixed interest offering.

wiseonesomeofthetime

nottsphil said:

chris_the_bee said:

Fingerbobs said:

Just opened a Principality Christmas 2025 RS, but I can't fund it. The sending bank just says the reference is invalid and refuses to send the payment. I've tried copying and pasting the details and re-typing everything, and tried two different sending banks, but they just refuse to send the payment. 
I didn't even realise the reference was checked. 

Principality
Principality takes 24 hours for COP to recognise new accounts.

I opened an Issue 35 regular saver bond 1
 this evening, and funded it straight away. Bank of Scotland couldn't get the reference verified of course, but let me proceed after a warning.

It's still showing at 5.15% right now by the way, despite being a fixed interest offering.

Why would you expect it to change?

10_66

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.

Stargunner

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.

masonic

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 and 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 don't need to use the renew trick once a RS has matured. You are free to (and need to) apply a new one. Renew is only useful if you wish to work around the 12 month minimum period between opening RS by changing the RS to a different account type.

Are you sure that closing the RS as a RS allowed you to open a new one, because my understanding was that without changing the original to a different account type, you'd be locked out until the end of the term of the original RS?

Stargunner

masonic 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 and 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 don't need to use the renew trick once a RS has matured. You are free to (and need to) apply a new one. Renew is only useful if you wish to work around the 12 month minimum period between opening RS by changing the RS to a different account type.

Are you sure that closing the RS as a RS allowed you to open a new one, because my understanding was that without changing the original to a different account type, you'd be locked out until the end of the term of the original RS?

Although the t&c’s say you can only open another RS  12 months after the first one, they don’t enforce it. 

Another forumite advised that you can close any of the LBG group regular savers and then re open a new one the next day. 

masonic

Stargunner said:

masonic 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 and 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 don't need to use the renew trick once a RS has matured. You are free to (and need to) apply a new one. Renew is only useful if you wish to work around the 12 month minimum period between opening RS by changing the RS to a different account type.

Are you sure that closing the RS as a RS allowed you to open a new one, because my understanding was that without changing the original to a different account type, you'd be locked out until the end of the term of the original RS?

Although the t&c’s say you can only open another RS  12 months after the first one, they don’t enforce it. 

Another forumite advised that you can close any of the LBG group regular savers and then re open a new one the next day. 

That's bizarre. I've seen reports to the contrary in the past. I also didn't think it was possible to close the RS without visiting a branch, whereas other types of accounts can be closed online.

10_66

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.

I've managed to renew both my Lloyds and Halifax yesterday (were due to mature end of this month), but the BoS wouldn't play ball.

Stargunner

masonic said:

Stargunner said:

masonic 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 and 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 don't need to use the renew trick once a RS has matured. You are free to (and need to) apply a new one. Renew is only useful if you wish to work around the 12 month minimum period between opening RS by changing the RS to a different account type.

Are you sure that closing the RS as a RS allowed you to open a new one, because my understanding was that without changing the original to a different account type, you'd be locked out until the end of the term of the original RS?

Although the t&c’s say you can only open another RS  12 months after the first one, they don’t enforce it. 

Another forumite advised that you can close any of the LBG group regular savers and then re open a new one the next day. 

That's bizarre. I've seen reports to the contrary in the past. I also didn't think it was possible to close the RS without visiting a branch, whereas other types of accounts can be closed online.

I have closed a Lloyds and BOS RS this week and reopened new ones.
You can do it via the online chat. 

The reason that I did it was that the majority of my reg savers mature in the 2nd half of the year and I wanted to spread them out more evenly.