The Top Regular Savers Discussion Thread

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82047264#Comment_82047264

Got to agree. Don't mind a bit of a hack to get around an annoying unintended restriction but this is in clear breach of Lloyds (new) Terms

You can only have either 1 Monthly Saver or Club Lloyds Monthly Saver account, held either in your sole name or jointly but not both.

Hope you don't have too much reliance on Lloyds for your other banking……

surreysaver

https://forums.moneysavingexpert.com/discussion/comment/82047273#Comment_82047273

Why don't you want to get taxed? If you earn more after tax than you would putting your savings elsewhere, such as an ISA, why avoid tax?

You should use the net figure to work out where your money best serves you.

10_66

https://forums.moneysavingexpert.com/discussion/comment/82047174#Comment_82047174

This always happens to me too. Because of that, I don't even bother with 'Sandi' anymore, I call instead.

edinburgher

https://forums.moneysavingexpert.com/discussion/comment/82047344#Comment_82047344

I pay higher rate tax, so I'm unlikely to find RS that make it worthwhile paying tax on them. I understand this may be different for my wife, as she pays basic rate tax.

solartom

Re Dudley BS RS 1225 5.50 %

Sent e mail yeterday at about noon with application. Just recieved letter confirming account opening.Consdering the postal service around here that is very speedy. So, happy might be in with a shout to open the Member RS if/when it shows.

subjecttocontract

https://forums.moneysavingexpert.com/discussion/comment/82047351#Comment_82047351

I used 'Sandi' yesterday and it was completely straightforward. Close account, will be done in 5 working days, I'm happy. I'll be using Sandi again later today to close an account for my wife. I expect it to be as smooth as silk.😁😁

mon3ysav3r

https://forums.moneysavingexpert.com/discussion/comment/82047407#Comment_82047407

You might get a courtesy phone call from Dudley, mine went to voice mail, but it seems from the message it is just a chat to see they can help further, I have had phone calls from them before when opening new accounts.

subjecttocontract

There hasn't been as much excitment/posts as I expected regarding the Santander 8% reg saver. Normally this site goes into overdrive when an outstanding offer becomes available......is everyone on vacation or suffering from the heat ?

snookerloopy96

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

I use Chase and Nationwide, relatively evenly split, 12-15 RS each plus current accounts.

As of yet never had a problem, Nationwide does sometimes require you to use their card machine which can be annoying but its for my protection at the end of the day.

friolento

https://forums.moneysavingexpert.com/discussion/comment/82047383#Comment_82047383

it doesn’t really matter what tax band you are in - you will always be left with more money after tax as you aren’t getting taxed 100%. Unless, perhaps if the extra interest would put you into the next tax band but this seems to be unlikely in your case as you are already HR.

Whether the extra interest you will make is worth the admin required for RSs, only you can tell. It might not be for you. It is for me, also an HR tax payer.