The Top Regular Savers Discussion Thread

Pickledonionlover

https://forums.moneysavingexpert.com/discussion/comment/81924373#Comment_81924373

Looking at my RS spreadsheet the last two iterations of RS I've had from Market H have been 6% jobbies.

The first opened 23/12/24 and this latest one on the 25/9/24.

I.e. nothing great launched since then but a period of three months when many of us were running with two RS from them.

Looks like they're now running with a different strategy.

masonic

https://forums.moneysavingexpert.com/discussion/comment/81924608#Comment_81924608

I've been unable to refresh a BoS RS, although the other Lloyds group products work fine. I believe this is a general issue mentioned here before.

surreysaver

https://forums.moneysavingexpert.com/discussion/comment/81924628#Comment_81924628

I was going to do the same. Perhaps I'd better leave the BoS one alone, then!

I've also been holding off opening 5% regular savers, but as we approach the end of the tax year I'll be opening those I haven't already got. I'm off to Gravesend now for Kent Reliance!

LZC

https://forums.moneysavingexpert.com/discussion/comment/81924608#Comment_81924608

How does this work?

Doesn’t renewing them create a tax liability in the current year by closing them early that would otherwise be next year?

surreysaver

https://forums.moneysavingexpert.com/discussion/comment/81924704#Comment_81924704

Yes, but the tax year after next, savings interest at basic rate will be 22% instead of 20% before then. So some of us want to have as many regular savers maturing before the end of next tax year as we can

orange-juice

Email received from Hanley about the lack of notice before reducing their rates and compensation.

I guess I have to thank some of those on this board for my 9p, for complaining on our behalf?😂

happybagger

Re: MHBS Maturity

Just read the maturity message and documents. The fixed rate accounts normally requiring £5k to open only require £100 when using RS maturity options. Could be useful for anyone who has no other accounts with MHBS to maintain membership, £100 at 4.25%?

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/81925092#Comment_81925092

Alternatively you could open their planetsaver 30 day notice account with £1.

https://mhbs.co.uk/savings/30-day-notice-account-ps/

happybagger

You could, but if you're going to do that might as well just leave £1 in the save and support it matures into.

I suppose I've always had the mentality of maintaining £100 as a "voting member" - some use it at the figure for loyalty stuff

Dizzycap

https://forums.moneysavingexpert.com/discussion/comment/81925092#Comment_81925092

I was considering this as an option, but £1 held in a save and support basic account, gives membership to MHBS. The only loyalty benefits I can see at present is a Members RS @ 2.45% (£10-£3000 pm); which I'll definately be giving a miss 😮😯.