The Top Regular Savers Discussion Thread

mon3ysav3r

https://forums.moneysavingexpert.com/discussion/comment/82047132#Comment_82047132

Santander RS closure - same, it is never quick for me, others seem to manage it in hours

ToastLady

https://forums.moneysavingexpert.com/discussion/comment/82047142#Comment_82047142

I requested on Monday and still waiting. I did it via web browser if that makes any difference.

bristolleedsfan

Santander - RS- Closure via Chat, noticed yesterday it says if close chat window request might not be actioned.

ToastLady

https://forums.moneysavingexpert.com/discussion/comment/82047148#Comment_82047148

Strange, I had a message saying I could close chat window. I'll try again on app.

ToastLady

https://forums.moneysavingexpert.com/discussion/comment/82047160#Comment_82047160

I had that message on app and then:-
We'll work on this and get back to you, so feel free to log out, go about your day and check back later for our reply.
If you are using the mobile banking app you'll get a push notification, if enabled, when we've replied.

clairec666

https://forums.moneysavingexpert.com/discussion/comment/82047172#Comment_82047172

Beware that message. I got it when trying to close an unused ISA, so did as they told me - logged out, went about my day, and checked back later.

Sure enough, there was a message from them (about an hour after I'd started the chat), and then another 15 minutes later saying "as you haven't replied we're closing this request".

Tried again the following day - this time they took 8 hours to respond (!) then closed the chat again after I didn't respond within 15 minutes.

Very frustrating.

saverkev

https://forums.moneysavingexpert.com/discussion/comment/82046697#Comment_82046697

Payment Blocking

I use my HSBC now for all Regular Savers and have never had a problem

Cweb

https://forums.moneysavingexpert.com/discussion/comment/82043115#Comment_82043115

Seems to be working fine.

The key is not to log in while applying through the website, so NO to online banking and go down the route of 'New to Lloyds bank'. Even with requiring a Club Lloyds account for the Club Lloyds Regular saver this appears to be a valid routing the system will send you. When filling in your details ensure you use those already associated with your Lloyds account and once accepted, the new account will appear in your current profile.

https://www.lloydsbank.com/savings.html

BestSeagull

https://forums.moneysavingexpert.com/discussion/comment/82047220#Comment_82047220

Thanks for posting your findings. I have to say though that after reading @Bridlington1 's tale of being debanked by LBG, I wouldn't take any chances with any of their accounts.

Here's the thread for anyone not aware.

https://forums.moneysavingexpert.com/discussion/6433933/lbg-closing-all-my-accounts-on-18th-may

edinburgher

Hi folks - wonder if I might seek the wisdom of the collective?

I'm trying to use RS to juice our savings returns as best I can but I'm not sure I'm being very strategic about it. My current thoughts are:

1. Make sure we don't get taxed (max £1,000 interest for my wife, £500 for me).
2. Beat our existing savings rates (approximately 4.19% from cash ISAs)

There is clearly a bit of administrative effort and clutter involved, however, and I'm wondering what is collectively considered reasonable in terms of RS rates? We're currently ranging from 5.5%-8%. We're more of an investing household than a cash household, so this is still new to me.

Aside from tax, keeping an eye on best buy tables, being quick to apply, and keeping on top of the admin, are there any other obvious factors to consider?