The Top Regular Savers Discussion Thread

bristolleedsfan

https://forums.moneysavingexpert.com/discussion/comment/82008499#Comment_82008499

I have different BOS and Halifax profiles but the renew only works on Halifax (also ok on Lloyds)

Tried it last month when conversation came up on here, message came up to contact BOS, 12 month term ended on 10th April anyway.

Reg_Smeeton

Re: Nationwide Flex Regular Saver Issue 7

is it possible to renew this account by closing and reopening? I’m sure has been answered previously but struggling to find any comment. Thanks!

soulsaver

https://forums.moneysavingexpert.com/discussion/comment/82009522#Comment_82009522

Have you got other BoS accounts?

thefrank

https://forums.moneysavingexpert.com/discussion/comment/82009580#Comment_82009580

Yes, it can be closed on line and the day after it is possible to open the new one. I did it more than once, but always between working days

clivep

https://forums.moneysavingexpert.com/discussion/comment/82009522#Comment_82009522

Same experience as when my wife closed her BOS regular saver in March.

Just closed mine today from being logged into BOS website on desktop and having moved out the balance…

Renew gives error. Trying to close tells you to go into branch. ChatBot says to close using the method that doesn't work. ChatBot then asks if you need further help. On answering 'yes' then it says you'll be redirected to a human who isn't available at the moment but will answer some time later. Logged in about an hour later and saw that a customer rep had closed the a/c about 40 mins earlier.

Bobblehat

With the possible disappearance/absorption of Halifax, would that mean BOS would automatically go too … or not?

I'm wondering why people are renewing BOS RSs …. belt and braces?

masonic

https://forums.moneysavingexpert.com/discussion/comment/82009711#Comment_82009711

At least some of the discussion is hypothetical, as it has been an ongoing issue for a long time. But it may make sense to renew given Lloyds direction of travel. I'm not in a position to do so right now.

clivep

https://forums.moneysavingexpert.com/discussion/comment/82009711#Comment_82009711

I don't think the BOS RS will disappear.

For me, it's to move interest from this tax year to next (I know this is contrary to many people's position regarding the tax rate of 22% on savings next year).

I will exceed my allowance of the 0% starting rate of tax on interest in the current tax year meaning the interest from the BOS a/c will attract tax, giving an effective interest rate reduced from 5.5% to 4.4%.

Next tax year, I still have headroom for the 0% starting rate. I've refreshed my Sunny Day savers so 5% annual interest will be paid next tax year without attracting any tax. Consequently, it's better to refresh my regular savers to fund my better paying regular savers than it is to use funds from the Sunny Day savers.

Bob2000

Anybody else not receiving posts via email and/or bell icon when logged in?

Dizzycap

https://forums.moneysavingexpert.com/discussion/comment/82009711#Comment_82009711

Fortunately, I decided to renewed both my Halifax & BoS RSs @ 5.5%(F) at the beginning of the month before this: Halifax brand set to vanish from high streets