The Top Regular Savers Discussion Thread

Dizzycap

saverkev said:

35har1old said:

Don't know if it's been mentioned but it appears Principality has closed the door on 2nd application for regular savers of the same issue via maturity  instruction got a secure message almost immediately saying not available to me

 

Principality 

Applied to renew to new Regular Saver which matures 13th last Sunday - new Regular Saver accepted

Me too with a confirmation email in my Principality account & standard email - No issues and will be opened tomorrow.

Emily_Joy

masonic said:

pecunianonolet said:

allegro120 said:

pecunianonolet said:

Halifax

I also just got my maturity letter but I never funded the account, it's been sitting for the entire year at a NIL balance. Can I stop the rollover so I can freely open a new one at a later time? I do not want to break any T&C's so what's the correct way to have it just closed down? I had issues with Halifax before so I don't want to trigger any reviews or other sort of trouble and attention.

You can close and open Halifax RS at any time without triggering any attention or potential trouble. Unlike Lloyds and BoS, Halifax doesn't have 12 month rule.

That's the point I don't trust LBG about. ...

Maybe I'm missing it, but I don't see anything in your activities that would go against the letter or even the spirit of the T&C of those accounts.

The full story was here (from 2024) 
https://forums.moneysavingexpert.com/discussion/6519745/debanked-by-lloyds/p1 

masonic

Emily_Joy said:

masonic said:

pecunianonolet said:

allegro120 said:

pecunianonolet said:

Halifax

I also just got my maturity letter but I never funded the account, it's been sitting for the entire year at a NIL balance. Can I stop the rollover so I can freely open a new one at a later time? I do not want to break any T&C's so what's the correct way to have it just closed down? I had issues with Halifax before so I don't want to trigger any reviews or other sort of trouble and attention.

You can close and open Halifax RS at any time without triggering any attention or potential trouble. Unlike Lloyds and BoS, Halifax doesn't have 12 month rule.

That's the point I don't trust LBG about. ...

Maybe I'm missing it, but I don't see anything in your activities that would go against the letter or even the spirit of the T&C of those accounts.

The full story was here (from 2024) 
https://forums.moneysavingexpert.com/discussion/6519745/debanked-by-lloyds/p1 

Thanks, so the most likely trigger would seem to be the manufacturing of donor accounts for switching out. Especially given the focus on closing current accounts and linked RS, leaving the standard savings account. I think I've seen similar elsewhere that had already given me pause against using LBG accounts as donors. Yougov kind of protects my existing accounts from temptation in that regard.

trickydicky14

janusd said:

trickydicky14 said:

janusd said:

soulsaver said:

Principality 6mth RS
Has anybody had one declined .. and then later issue (or immediate) subsequently actioned?

in the recent past, i've had one declined (by secure message) as a maturity option on an earlier issue, but I got around that by phoning them and they actioned it over the phone... my most recent maturity (tomorrow) was also declined by secure message - and declined again when I called them.

I think we are giving this subject far to much spotlight, you will soon know if you have the account or not. I fear we could be digging our own grave going on and on about this. To date, no one has come up with an answer to this so I'm a big believer of let sleeping dogs .....

I know already that i'm not getting it, the balance is going to an EA account with PBS as I ultimately requested. I was merely answering a question that soulsaver posed.

I have no intention of going back over the "do we choose option 2 or option 4" debate - not least because it's five weeks before I get another go at it. I understand the letting dogs lie scenario, and that's fine if you're already getting the maturity options you request (or don't have PBS accounts), but for those who aren't, it's absolutely legitimate to try and find out common reasons why some are and some aren't using the exact same maturity selection method.

if by the end of the year, my current 6 PSB RS accounts have matured into just having 1 RS with PBS, then I will lose zero sleep over it... though that won't prevent me trying to have them all mature into highest paying RS with them if possible - it's the RS game we're all playing here.

No way was my comments pointed at you so please don't take it personally, it's just a general observation. You do make the comment ' for those who aren't it's legit to try and find out common reasons'. My point is after several months, no one has found any common reasons so I felt why keep prodding the tiger when nothing is being achieved. Who knows, this forum may have created the problem, unlikely but possible. Anyway, I hope you have better luck in the future. 

pecunianonolet

masonic said:

Emily_Joy said:

masonic said:

pecunianonolet said:

allegro120 said:

pecunianonolet said:

Halifax

I also just got my maturity letter but I never funded the account, it's been sitting for the entire year at a NIL balance. Can I stop the rollover so I can freely open a new one at a later time? I do not want to break any T&C's so what's the correct way to have it just closed down? I had issues with Halifax before so I don't want to trigger any reviews or other sort of trouble and attention.

You can close and open Halifax RS at any time without triggering any attention or potential trouble. Unlike Lloyds and BoS, Halifax doesn't have 12 month rule.

That's the point I don't trust LBG about. ...

Maybe I'm missing it, but I don't see anything in your activities that would go against the letter or even the spirit of the T&C of those accounts.

The full story was here (from 2024) 
https://forums.moneysavingexpert.com/discussion/6519745/debanked-by-lloyds/p1 

Thanks, so the most likely trigger would seem to be the manufacturing of donor accounts for switching out. Especially given the focus on closing current accounts and linked RS, leaving the standard savings account. I think I've seen similar elsewhere that had already given me pause against using LBG accounts as donors. Yougov kind of protects my existing accounts from temptation in that regard.

Indeed, donour accounts were used at some point but that's 2.5-3 years ago and since that point all according to T&C's, neither of us ever renewed an account or done anything that could raise reason of concern. I was once debanked by Halifax and a current account was closed, they let me keep a Easy Saver and online access and after a year I was able to open a regular saver and over time 3 new reward accounts and not a peep since.

In my case, I have a Club Lloyds account that has a few thousand going in and out each month as I use it for open banking with Chip and some reg savers. Yougov payments also go into my Club Lloyds and what I don't understand is that they froze my Club Lloyds regular saver but were not interested in my 3 current accounts or my standard regular saver. Club is activly used, and the 2 normal current accounts I just now and than move some funds through for activity reasons and have them connected to yougov. 

LBG is a peculiar bunch but that OH's Halifax issues were upheld and everything was restored gives me reason to belief that their AI must be rather aggressive spitting out reviews more often than others. 

Hence my initial post to make sure I not unintentionally call the LBG review brigade. 

Time to move on. I am off now to the pub to boost the economy with my 3 x £5 from Halifax today 

allegro120

masonic said:

pecunianonolet said:

allegro120 said:

pecunianonolet said:

Halifax

I also just got my maturity letter but I never funded the account, it's been sitting for the entire year at a NIL balance. Can I stop the rollover so I can freely open a new one at a later time? I do not want to break any T&C's so what's the correct way to have it just closed down? I had issues with Halifax before so I don't want to trigger any reviews or other sort of trouble and attention.

You can close and open Halifax RS at any time without triggering any attention or potential trouble. Unlike Lloyds and BoS, Halifax doesn't have 12 month rule.

That's the point I don't trust LBG about. ...

Maybe I'm missing it, but I don't see anything in your activities that would go against the letter or even the spirit of the T&C of those accounts.

On the topic of mysterious closures.  My Metro was closed and I was permanently banned.  I've no idea why took these measures.  I opened EA account when it paid 5.22%, actively used it for few months and brought my balance to zero when they reduced the rate. There was nothing in t&c suggesting a minimum operational balance.

Bridlington1

allegro120 said:

masonic said:

pecunianonolet said:

allegro120 said:

pecunianonolet said:

Halifax

I also just got my maturity letter but I never funded the account, it's been sitting for the entire year at a NIL balance. Can I stop the rollover so I can freely open a new one at a later time? I do not want to break any T&C's so what's the correct way to have it just closed down? I had issues with Halifax before so I don't want to trigger any reviews or other sort of trouble and attention.

You can close and open Halifax RS at any time without triggering any attention or potential trouble. Unlike Lloyds and BoS, Halifax doesn't have 12 month rule.

That's the point I don't trust LBG about. ...

Maybe I'm missing it, but I don't see anything in your activities that would go against the letter or even the spirit of the T&C of those accounts.

On the topic of mysterious closures.  My Metro was closed and I was permanently banned.  I've no idea why took these measures.  I opened EA account when it paid 5.22%, actively used it for few months and brought my balance to zero when they reduced the rate. There was nothing in t&c suggesting a minimum operational balance.

I suffered the same with Metro a few months prior to them launching the 5.22% EA account if it's any consolation, it came as rather a shock to me (also came only a few months after the LBG ban so was a bit concerning) given I only had the one current account and no other products with them for a matter of months. I used the current account as one of my nominated accounts for savings but the current account activity was similar to how I use Nationwide, Ulster, First Direct, Santander etc and I never had any issues with them.

poolboy

I m q happy with lloyds and just pay in the 2k pcm, fund the 2 reg savers, transfer out the 1.35k.  There must be loads of people doing the same and costing them money.

That's the hook to get us in there, it's up to lloyds to offer more services better than anyone else and I would do more.

Ditto gatehouse and virgin, they entice people in with market leading products, these expire, nothing left of interest.  Must be loads of 1gbp dormant accounts.

allegro120

flaneurs_lobster said:

masonic said:

flaneurs_lobster said:

masonic said:

pecunianonolet said:

allegro120 said:

pecunianonolet said:

Halifax

I also just got my maturity letter but I never funded the account, it's been sitting for the entire year at a NIL balance. Can I stop the rollover so I can freely open a new one at a later time? I do not want to break any T&C's so what's the correct way to have it just closed down? I had issues with Halifax before so I don't want to trigger any reviews or other sort of trouble and attention.

You can close and open Halifax RS at any time without triggering any attention or potential trouble. Unlike Lloyds and BoS, Halifax doesn't have 12 month rule.

That's the point I don't trust LBG about. ...

Maybe I'm missing it, but I don't see anything in your activities that would go against the letter or even the spirit of the T&C of those accounts.

About the only jiggery-pokery that's available on these accounts is renewing them to an ordinary saver to allow the opening of another RS thus preserving a fixed rate for another year - against the "spirit" of only having 1 each of these accounts per year and not being able to open another until the term is up (had you closed them rather than renewed them).

Exactly, and having taken advantage of that on multiple occasions with no comeback, I am surprised that simply reopening an account after maturity and funding immediately, or making irregular deposits and withdrawing, would cause LBG to conduct a review.

Me too, my sole activity on my Lloyds accounts is paying in £2k once a month, funding the two RS then moving the balance out again, leaving the fiver that's been there for years. Never a sniff of "'Ello, 'ello Sunshine.....".

The same here.  On the 1st of each month £2k in, £400 to Club, £250 to Normal and £1350 out.  I don't keep any money in Lloyds current accounts.  I used to have a permanent £5k balance when they paid 4% interest, but that was about 10 years ago.  Never had any problems with Lloyds.

jameseonline

allegro120 said:

flaneurs_lobster said:

masonic said:

flaneurs_lobster said:

masonic said:

pecunianonolet said:

allegro120 said:

pecunianonolet said:

Halifax

I also just got my maturity letter but I never funded the account, it's been sitting for the entire year at a NIL balance. Can I stop the rollover so I can freely open a new one at a later time? I do not want to break any T&C's so what's the correct way to have it just closed down? I had issues with Halifax before so I don't want to trigger any reviews or other sort of trouble and attention.

You can close and open Halifax RS at any time without triggering any attention or potential trouble. Unlike Lloyds and BoS, Halifax doesn't have 12 month rule.

That's the point I don't trust LBG about. ...

Maybe I'm missing it, but I don't see anything in your activities that would go against the letter or even the spirit of the T&C of those accounts.

About the only jiggery-pokery that's available on these accounts is renewing them to an ordinary saver to allow the opening of another RS thus preserving a fixed rate for another year - against the "spirit" of only having 1 each of these accounts per year and not being able to open another until the term is up (had you closed them rather than renewed them).

Exactly, and having taken advantage of that on multiple occasions with no comeback, I am surprised that simply reopening an account after maturity and funding immediately, or making irregular deposits and withdrawing, would cause LBG to conduct a review.

Me too, my sole activity on my Lloyds accounts is paying in £2k once a month, funding the two RS then moving the balance out again, leaving the fiver that's been there for years. Never a sniff of "'Ello, 'ello Sunshine.....".

The same here.  On the 1st of each month £2k in, £400 to Club, £250 to Normal and £1350 out.  I don't keep any money in Lloyds current accounts.  I used to have a permanent £5k balance when they paid 4% interest, but that was about 10 years ago.  Never had any problems with Lloyds.

I'm surprised anyone bothers with the standard tbh, I've only really been bothering with the Club up until recently but I think I'll be emptying it gradually and having it as a backup/overflow account.

I guess if you have all the other decent regulars, but otherwise many may more than 5.25%.

Ive been paying in £2000 a month and £400 of which has been going to the 6.25% Club Lloyds (£1600 straight back out) , but you have both Nationwide and Virgin doing 6.5% these days & Monmouthshire with 6% & 7% accounts and high monthly deposit limits.