The Top Regular Savers Discussion Thread

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82068219#Comment_82068219

And this LBG situation is worse given it is 5.5% vs 8% and not 5.5% vs (then) 7%. And this is fixed, not variable as Progressive was.

LBG have more potential complainers than Progressive would have done and have actually removed a facility in the Halifax case: you can't withdraw so have to renew and reopen (which was perfectly within the terms when the account was opened) but are now blocked from doing so. Progressive always allowed all but £1 to be withdrawn if customers were unhappy, and there would still be a Regular Saver there to be funded until the anniversary date if they needed the capacity later.

JamesRobinson48

https://forums.moneysavingexpert.com/discussion/comment/82068229#Comment_82068229

LBG:

You can open a Halifax RS without having any Halifax current account. I did so last week. Unlike Lloyds and Bank of Scotland.

brucefan_2

LBG 8% accounts

Given that Santander enabled an upgrade option to their RS, if there's no facility to upgrade accounts currently held, I suspect that LBG's CS Team(s) might be a touch busy for the remainder of the week (and probably beyond!)

gpman

https://forums.moneysavingexpert.com/discussion/comment/82068271#Comment_82068271

The Halifax RS, assuming the terms do not change, is a bit different to the other two brands offerings in other ways too.

There's no early withdrawal from Halifax (save for closing the account entirely) .

The others allow withdrawals (which are not replaceable)

Also, as another poster pointed out earlier, the Halifax RS has no maturity date, but the balance gets transferred to a different account once per year.

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82068312#Comment_82068312

On the last part, that's very true, which means there are a lot of people who aren't aware they are excluded yet since 5.5% hasn't been worth actively funding for some time. Of course if you are shuffling £50k around it might be, but I doubt that for the average person that is the case.

PRAISETHESUN

https://forums.moneysavingexpert.com/discussion/comment/82068135#Comment_82068135

LBG

I have 3 different online banking profiles for LBG - one each for Lloyds, Halifax and BoS. They all use different details and I had to register for each online banking individually. When I signed up for BoS initially I didn't have any BoS accounts but I was able to register for online banking using details for my Halifax current account. Possibly might be able to do something similar now but with a Lloyds account instead?

kaMelo

https://forums.moneysavingexpert.com/discussion/comment/82068135#Comment_82068135

You can't. You can log in to BOS with your Halifax log in details and vice versa, but your Lloyds details will only log you into Lloyds.

GetRichOrDieSaving

https://forums.moneysavingexpert.com/discussion/comment/82068391#Comment_82068391

ok thank you for confirming, I must have been mistaken.

Anagran

LLOYDS/BoS

To the person who was asking about switching, I just wanted to say I also have had a BoS current accout (decades old) and am currently in the process of getting Direct Debits sorted to do a switch. I plan to open a new Bank of Scotland account to get the swiching bonus. As far as I can see you can open a current account to get the Regular saver and that shouldnt matter for the switch.

Also, who was it that said they didnt want any more regular savers so they were going to set a limit at 8%.....

They could have a problem now!!

kaMelo

Also, who was it that said they didnt want any more regular savers so they were going to set a limit at 8%.....

They could have a problem now!!

I did have a chuckle at that part. I think it was @subjecttocontract who set 8% as their lower limit, Over to you…..