The Top Regular Savers Discussion Thread

Reg_Smeeton

re: Lloyds Monthly Savers

I wonder where Halifax customers stand with this one given the merger… any thoughts?

janusd

https://forums.moneysavingexpert.com/discussion/comment/82067770#Comment_82067770

strangely for a dying brand, Halifax will also have a new 8% issue of their RS tomorrow - though if you already have a RS with Halifax, I don't think you can open this new issue.

Kim_13

This looks like a lesson against speculative opening. 5.5% fixed with £25 in 😭

Though should Halifax only customers not soon be able to secure the Lloyds one, given the communication to say they will be migrated?

brucefan_2

https://forums.moneysavingexpert.com/discussion/comment/82067773#Comment_82067773

New 8% Halifax Monthly Saver

Would it not be possible to close the existing RS and re-open. I have done this in the past when I needed to re-align maturity dates and will be attempting to do so again tomorrow when this new RS goes live.

PS (!) Thanks for making us aware of this. 😎

Reg_Smeeton

https://forums.moneysavingexpert.com/discussion/comment/82067773#Comment_82067773

Re: LBG Regular savers

noting the t&c’s for the existing accounts, the Lloyds RS say “they are for savers who haven’t opened a Lloyds RS in the last 12 months”… no such stipulation with the existing Halifax RS

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82067780#Comment_82067780

New 8% Halifax Monthly Saver

I notice that this account can be 'renewed' - alternative to close/re-open?

Catplan

Lloyds groups 8% savers.

I think I’m right in saying BOS don’t allow you to close and reopen with 12 months, frustrating as I only opened last week again.

Lloyds - it is now one or other 250 RS or 400 club, not both, but should be able to close both and open new Club RS.

Halifax - should be able to refresh into new 8%.

Hattie627

LBG

It would seem unfair to offer 8% to new RS savers while letting existing savers languish on the lower rate(s) until their anniversary date(s) [except Halifax]

Before rushing to renew a Club Lloyds MS and a Lloyds MS, remember that you can now only have open one of these at a time, not both.

I am going to wait to see the terms of the new accounts before rushing to do anything.

janusd

https://forums.moneysavingexpert.com/discussion/comment/82067780#Comment_82067780

you might be right about being able to renew Halifax - never had to do it, but that might be the only one I can refresh… but no point worrying about it until tomorrow, when the terms are posted and Brid can give his opinion on the options available to existing account holders.

PloughmansLunch

LBG

I have both existing Lloyds RSes, plus an RS for both Bank of Scotland and Halifax maturing at the end of March. I guess keeping these won't really make a great deal of difference over closing/renewing to three new savers with the additional +2% in savings interest tax due for the next financial year?