The Top Regular Savers Discussion Thread

KneadtheDough

https://forums.moneysavingexpert.com/discussion/comment/81948753#Comment_81948753

RENEWING

Personally, I would only refresh one at a time. Maybe another in a month or so.

s71hj

Am I correct that the BOS monthly saver doesn't have the refresh options that the Lloyds and Halifax ones do, or am I not looking in the right place in the app.

bristolleedsfan

https://forums.moneysavingexpert.com/discussion/comment/81949087#Comment_81949087

Logged into BOS online banking, all LBG savings accounts including BOS Monthly Saver have a renew option.

Renew account

It's now possible to renew the interest rate on your existing savings account, or take advantage of a different type of account, without having to change your account detail

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/81949032#Comment_81949032

This.

They are the same group so doing multiple at once risks being sent a 'we can no longer maintain a banking relationship with you' letter.

Do one of them so that you have something maturing in April, but by leaving the other you should avoid that risk and will have something maturing in May 2027 as well.

KneadtheDough

https://forums.moneysavingexpert.com/discussion/comment/81949128#Comment_81949128

BoS Renewal

Has anyone successfully tried this recently with the BoS RS? I ask because even though the option to renew was showing for me (about a year ago), it did not let me 'refresh' the RS, nor did it allow me to open a new RS, until the one I thought I was renewing at the time had reached its 12-month-since-opening date.

irregular_saver

Furness 160th Anniversary RS

Has anyone else had issues with their account crediting this month’s payment? I sent my £160 April payment from my Santander current account late on 31/03, knowing it takes 24 hours to be credited to Furness. I was expecting it to be in the RS by the 2nd at the latest, but still no sign, nor has it been returned.

dcs34

https://forums.moneysavingexpert.com/discussion/comment/81949326#Comment_81949326

I paid mine on 1st April, was credited yesterday

s71hj

https://forums.moneysavingexpert.com/discussion/comment/81949128#Comment_81949128

Not for me. I go into Apply, Savings, Renew your savings account and it isn't included as one of the options

Dizzycap

https://forums.moneysavingexpert.com/discussion/comment/81949326#Comment_81949326

My FBS RS SO went out on the 2nd and was credited on the 3rd. However, my Monmouthshire SO's went out on the 1st and still haven't credited early this morning the 4th, with Manmouthshire undertaking site maintenance for 3 nights on the trot, so things seems to be a little hickety pickety at the moment. I wonder if the en masse of last minute ISA applications might be holding the staff / system up with Thursday being the last working bank day of the tax year?

As for renewing the Bank of Scotland RS, a month ago there was no renew option available nor the ability to change the account to another interest rate / account in order to then immediately reapply for a new RS. I had to close via the chat and wait 24 hours before I could open a new RS.

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/81949326#Comment_81949326

Had you already made a payment into the Furness account for March? If so it could be that their systems haven't credited it due to it being a duplicate March payment.

Furness BS use 2 dates in their systems, the date received and the date credited, their interest calculations go by date received, which in your case'll've been 31st March, which is different to the date credited that shows on statements.

I've found if you make 2 payments in a calendar month they credit the first payment but the second isn't credited and doesn't automatically bounce so I had to contact them, they contacted their finance team and the second payment was returned at that point.

I'm wondering if this is what's happened in your case, their systems have counted your 31st March payment as a second payment for March and not automatically returned the deposit (so it'll be sat in their systems not earning any interest) and you'll need to contact them to get them to return the 31st March payment and make a payment for April again.