The Top Regular Savers Discussion Thread

janusd

@Bridlington1 - FOUR new RS issues launching tomorrow (Tuesday 14th July).…

Bank of Scotland Monthly Saver - 8.00% AER Fixed - £25-£250 pm - £3k max - 12 Month term - interest paid at maturity - unlimited withdrawals.

Moneyfacts is stating a current account is required - but I was previously able to open the existing Monthly Saver version by just having a Lloyds current account.

also, Lloyds Monthly Saver (£25-£250) & Lloyds Club Lloyds Monthly Saver (£25-£400) both launching a new issue with a fixed 8.00% rate tomorrow.

weirdly, Halifax Regular Saver will also have a new issue tomorrow at 8.00% AER Fixed.

as you can only open one BoS Monthly Saver every 12 months, I doubt I can open any of these - even if I closed my existing account.

solartom

@Bridlington1

Lloyds Monthly Saver and Club Lloyds RS

just had a look also showing 8.00 % Monthly Saver and 8.00 % Club Lloyds on Moneyfacts Compare for Lloyds Bank

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.