The Top Regular Savers Discussion Thread

Bridlington1

Saffron BS Braintree Regular Saver at 4% NLA.

Bigwheels1111

https://forums.moneysavingexpert.com/discussion/comment/81944090#Comment_81944090

Thanks for the info, I was 10 mins from calling to ask.

Will need 4k from another bank for my reg saver on the 1st.

nomorekids

Have I time to renew Halifax, Lloyds and nationwide ? if I do today? late I know to the renew party? finally woken up to the ouch 22% hit if you use up your PSA. Any others dead quick to renew like monmouthshire maybe ? Virgin I appreciate I've missed.

surreysaver

https://forums.moneysavingexpert.com/discussion/comment/81944215#Comment_81944215

Done them all this morning. I won't open new accounts until tomorrow, as I want to save the cash for filling up flexible ISAs (and want them to mature before the beginning of 2027/28 tax year).

Didn't do Nationwide, though, as don't want to risk not being eligible should there be a fairer share payment this year

surreysaver

https://forums.moneysavingexpert.com/discussion/comment/81936088#Comment_81936088

I've somehow managed to acquire two Monmouthshire Issue 8s within the last few days. Only one of them is showing in the app, but they're both showing online

nottsphil

https://forums.moneysavingexpert.com/discussion/comment/81943931#Comment_81943931

How did you manage to miss the huge screen print showing renewal options? You can navigate to it from this open invitation at the top here…

flaneurs_lobster

It's not the renewal per se that's against the terms, it's the opening of another saver within a year of opening the renewed account.

If you close your Club Lloyds Monthly Saver before the end of its term, you can't open another Club Lloyds Monthly Saver until after the first anniversary of account opening.

Of course you could argue that renewing the RS is not closing it (the new account retains the account number).

clivep

I'm renewing/closing a few regular savers to get the interest paid in this tax year.

Lloyds & Halifax renewed OK but I'm having problems with Bank of Scotland. I've transferred the balance then logged out & in again. Trying to renew gives an error 'It looks like something's gone wrong'. Trying to close gives 'We can't complete your request right now'.

Any suggestions?

MisterMotivated

Unless it's to stop you going over the PSA in the 2026-27 tax year, I don't really see the point in closing accounts early to get the interest paid this tax year. The higher tax rate doesn't apply until 6 April 2027. After that, yes, you'll be paying 2% more tax on the interest, but you have another 9 months to earn interest on the interest before paying that tax (even longer if you pay it through PAYE rather than a lump sum).

Section62

https://forums.moneysavingexpert.com/discussion/comment/81944521#Comment_81944521

There's a Bank of Scotland glitch - sounds like you've encountered it. I've not found a self-service workaround. If there is a fix it probably means phoning BoS to get their IT department to investigate.

I've not done that myself as I don't want to explain to a CS rep why I'm trying to do what I'm doing, or have them looking more closely at recent account renewals.

Having the BoS glitch doesn't impact on Lloyds or Halifax accounts, so I figure it is better to have what I have, and not push to be able to renew BoS accounts as well.