The Top Regular Savers Discussion Thread

Pickledonionlover

Lloyds group 8%

Bullet proof IT, rightfully, preventing me from opening BOS, Lloyds or Halifax 8% (as an existing holder of their RS products).

Hopefully they are still around in a few months

Descrabled

Halifax BoS

Closed both yesterday and this morning successfully opened both and funded.

dibbles212

LBG

Reading through their respective websites it looks like you can't open a Lloyd's or a BOS regular saver if you've opened one in the past 12 months, but I don't see anything stating that on the Halifax website...

I'll keep an eye on this forum before closing my Halifax RS anyway.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82068580#Comment_82068580

Halifax RS

All good so far, renewed old 5.5% to EA, new 8% opened/funded inside 5 minutes.

Have glut of EA savers, will cull later.

clairec666

Lloyds still shows the following conditions for opening:

You can open this account if you:


are 18 or over and a UK resident

have a Club Lloyds or Lloyds Premier current account and have not already opened a Club Lloyds Monthly Saver in the last 12 months.

That excludes me, and presumably a lot of other people. I guess they may have a lot of applications for the non-club version, as it was previously only 5.25%, but a lot of Club Lloyds customers will already have the 6.25% account (unless it was below their threshold, or they weren't aware of it?)

We'll see what happens today, if they have loads of people complaining then something may change, and I'm sure there'll be much discussion on here. I'm going to wait until it all dies down.

I managed to open Halifax, despite having closed my regular saver in the last couple of months. But I believe Halifax doesn't have the same restrictions as Lloyds. It still has slightly different terms, e.g. no access unless you close the account.

friolento

https://forums.moneysavingexpert.com/discussion/comment/82068577#Comment_82068577

how did you manage to close your BOS?

dibbles212

https://forums.moneysavingexpert.com/discussion/comment/82068586#Comment_82068586

Thank you. How do you close the Halifax RS? Google says you click the three dots and it's an option there, but I don't see it...

Do you have to close the Everyday Saver first? I see an option to close that account at least.

friolento

Halifax: “renewed” my old 5.5% RS yesterday; opened and funded 8% this morning

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82068593#Comment_82068593

I "renewed" the account (strange term, it means to transform it instantly into another account type with the same Account No/Sort Code). Also adds to-date interest.

Only available as an option online, not on the app.

friolento

https://forums.moneysavingexpert.com/discussion/comment/82068593#Comment_82068593

you “renew” it in online banking (not poss in app). Might have to log out / in to see the change