The Top Regular Savers Discussion Thread

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

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/82009799#Comment_82009799

Quite a few, there's an existing thread about this so if anyone wishes to discuss it, please use the dedicated thread for it.

https://forums.moneysavingexpert.com/discussion/6659478/not-getting-notifications-on-bookmarked-threads

bristolleedsfan

https://forums.moneysavingexpert.com/discussion/comment/82009601#Comment_82009601

No ………………………..

soulsaver

https://forums.moneysavingexpert.com/discussion/comment/82009885#Comment_82009885

We can't complete your request right now.

To close your account online:

• Your account balance must be £5 or less and
• You must hold another eligible Bank of Scotland account so we can transfer this remaining balance.

masonic

https://forums.moneysavingexpert.com/discussion/comment/82009927#Comment_82009927

It seems people are talking at cross purposes. The thread of the discussion was about being unable to "renew", which is different than closure. It makes sense that a different account is needed to close an account online, but renewing just changes the account type and leaves the balance in place, so it doesn't need a second account.

I imagine the need to have a receiving account for closure applies to all LBG brands, but BoS stands alone in generating an error when trying to renew the existing RS to something else in order to be eligible for another RS.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82009811#Comment_82009811

Reportedly reported by The Sun😀 Even if this happens, I think they will give a very long notice prior to any changes.

For me personally the worst case scenario will be if I can't renew my Halifax in March 2027. I won't be too disappointed, the rate has never been fantastic. It would be sad to see it go though, I had Halifax RS since it was launched some years ago, but nothing lasts forever and something else comes along instead.

Dizzycap

https://forums.moneysavingexpert.com/discussion/comment/82010032#Comment_82010032

Say no more. The claim seems to be contradictory and nonsensical - No new accounts from 1st July and no new customers from October? Errr what am I missing? Left hand, right hand. Even if remotely true, there would be far more notice than 5 weeks to allow Halifax customers to choose if they actually want to be be transferred to Lloyds. It maybe something in the future pipeline. Besides, Halifax, Lloyds, and BoS have all just brought out 1,2, and 5 year Fixed Rate ISAs. Halifax customers and potential customers would sure need to get a bat on 😂😅

Section62

https://forums.moneysavingexpert.com/discussion/comment/82010069#Comment_82010069

Say no more. The claim seems to be contradictory and nonsensical - No new accounts from 1st July and no new customers from October? Errr what am I missing?

The Sun article says -

…on July 1, when customers will no longer be able to open new Halifax accounts via the brand’s app or website.

- So presumably it will still be possible to open a Halifax account in branch for some length of time after 1st July, and therefore someone could become a new Halifax customer if they open an account in a Halifax branch between 1st July and whenever "from October" is. So not contradictory. And the story has been picked up widely across the media and not denied by LBG, so there seems to be truth in it.

But there is a whole thread for discussing the possible demise of the Halifax brand, so might be better for further discussions not related to RS accounts to be had there instead -

https://forums.moneysavingexpert.com/discussion/6668846/halifax-to-vanish/p10

ThePirates

Halifax RS

After the initial month's minimum £25 funding do you have to keep funding each month?

x44

Quote from the T&C's

You can save £25 - £250 every month by 1 standing order or a bank
transfer. This needs to reach your account before the 25th of the month.
You can also make a bank transfer to top up your savings as long as the
total amount of your deposits does not exceed the monthly limit of
£250. The amount that you save each month needs to stay between the £25
to £250 monthly limit.