The Top Regular Savers Discussion Thread

jameseonline

francoghezzi said:

surreysaver said:

francoghezzi said:

CricketLady said:

Good morning all,

I need to withdraw £3000 from my Halifax regular saver which is due to mature on the 11th (Monday) as I have a big bill to pay today.  I managed to withdraw £3000 from my Bank of Scotland (well, £2999, I left £1 in for the interest to have something to "stick to" when it gets added on at maturity, also on Monday) but with my Halifax I only have the option to RENEW.  

If I renew does that mean I'll be able to get my cash out and start again with another £250 or will that £3000 stay in the account until 11th November 2026?  

I definitely need this cash and can't wait till Monday so is there a better way to access the £3k?

Sorry for silly question but CricketLady has definitely reached a certain age!

And sending you all lots of love xx

It works exactly like Lloyds. Do not close it, just renew it choosing between the savings accounts with low interests rates, then take your money and interests accrued to today, close immediately the new account with a lower interest and re-open the regular saver 5.5% that will re-appear between your options clicking on the apply button. I have done it on 31/10 so as to be able to deposit twice in 24 hours starting again the RS

Halifax doesn't work like Lloyds. The Lloyds is easy access; the Halifax you have to close to access your money 

Halifax works exactly like Lloyds when it comes to renew the RS. I did it 3 times in the last couple of years. We are talking about renew, not  "taking out the money". Taking out the money and leave the account is totally another matter. The renewal process is the same and must be done with banking on line, not the app, exactly like Lloyds. I did it twice last year and the last time on 31/10/2025. CricketLady was asking about renew or close, not about taking money out (her precise words:  ..."with my Halifax I only have the option to RENEW"). Had she asked about taking out the money I would have replied differently. Hence the advice to renew, take the money and re-open the RS like I did in the past as mentioned

Bank Of Scotland & Lloyds are easy access to funds, Halifax isn't, you have to close to get funds

jameseonline

Bridlington1 said:

clairec666 said:

Bridlington1 said:

Russ66 said:

Bridlington1 said:

One option would be to open now but then refresh if still available in a month or two to push the maturity date on a bit.

This way you can still secure the account and don't risk missing out if it goes NLA sooner than it did last year but retain the option of pushing the maturity date on a couple of months if still available at the time.

Probably being a bit dull here but what do you mean by "Refresh"
Do you mean open one now then close it & open another down the line if still available? TIA

By ``refresh" I mean close an account to reopen the same account. So yes, with Principality accounts (and others) I'll often open one when they're launched, then close and reopen the account at the end of the month if still available.

For future reference I have also included this term in the list of common abbreviations and their meanings on page 1 of this thread.

I wondered about compiling a list of "niche" regular saver stuff, like 13th payments, debit card deposits, which accounts can be easily refreshed etc., allowances that roll over each month (like Skipton for example)...

Would this be of interest to anyone?
The information on page 1 of this thread is fine as it is, so doesn't need to be cluttered with any more information.

I seem to recall someone mentioned (or possibly started) compiling a list of banks/building societies that accept 13th payments on their regular savers but it was abandoned as there's too many niche cases where it depends on the specific regular saver. 

Savings accounts that allow debit card payments are already covered in another thread I maintain so don't think this needs another thread.

I am considering compiling a list of bank/building society faster payment cut off times though so this is already on my radar, just haven't got round to it yet as tidying up the archived thread took priority recently.

For accounts that can easily be refreshed, I suppose I could incorporate this into my existing listings.

I'll have a think about it, apologies I've only got a few mins left of my dinner break at work so haven't the time to give a full response to your suggestion at the moment.

Well if anyone wants a challenge feel free🤣

Hattie627

Just a suggestion, maybe has already been discussed and rejected, just an idea.

How about a thread dedicated to the launch of new Regular Savers? Anybody could add a post about a new RS which has been launched, giving basic details. To avoid clutter, just one post per launch. Discussion about opening issues (and everything else) about the new account could then continue on the present thread.

I think ALL the discussion on this thread is helpful, but new launches can sometimes get overlooked in the chat.

Kim_13

Hattie627 said:

Just a suggestion, maybe has already been discussed and rejected, just an idea.

How about a thread dedicated to the launch of new Regular Savers? Anybody could add a post about a new RS which has been launched, giving basic details. To avoid clutter, just one post per launch. Discussion about opening issues (and everything else) about the new account could then continue on the present thread.

I think ALL the discussion on this thread is helpful, but new launches can sometimes get overlooked in the chat.

Bridlington1 posts on the archived thread to this effect: https://forums.moneysavingexpert.com/discussion/6470420/the-archived-history-of-regular-savers-thread-no-chat#latest

Bobblehat

Kim_13 said:

Hattie627 said:

Just a suggestion, maybe has already been discussed and rejected, just an idea.

How about a thread dedicated to the launch of new Regular Savers? Anybody could add a post about a new RS which has been launched, giving basic details. To avoid clutter, just one post per launch. Discussion about opening issues (and everything else) about the new account could then continue on the present thread.

I think ALL the discussion on this thread is helpful, but new launches can sometimes get overlooked in the chat.

Bridlington1 posts on the archived thread to this effect: https://forums.moneysavingexpert.com/discussion/6470420/the-archived-history-of-regular-savers-thread-no-chat#latest

Page 1 of this thread also posts "Recent Additions" in a neat and concise way!