The Top Regular Savers Discussion Thread

Descrabled

Lloyds, Halifax, and BOS

BoS does not allow the renew function in the android app or online.

1. I emptied the RS
2. Closed the RS and then logout
3. Reopened BoS app applied for RS and fund with £250

Lloyds and Halifax allow the renew option

1. Renew 3 off RS to easy saver and logout
2. Reopen Lloyds app and empty easy saver and close
3. Applied for RS and fund with £250
4. Repeat for Halifax app

These were my actions and I now have 3 off 8% regular savers

steven141

https://forums.moneysavingexpert.com/discussion/comment/82068748#Comment_82068748

Were your regular savers for Lloyds maturing or were they recent ones? The website says you can't open another within 12 months so curious about this.

figgyc

Bank of Scotland Monthly Saver

Data point for you all: I don't have a BoS current account, was able to open the RS anyway by registering for online banking with my Halifax current account number (I also have Lloyds). And managed to open a Halifax RS and renew my Club Lloyds RS into the new one.

I suppose it is possible it could get retroactively closed? If anyone has tried this with previous iterations of the RS then that would be helpful to know. I just didn't want the extra hard search on my file at the moment since I'm getting a mortgage soon. (and technically the T&Cs just say "a Bank of Scotland personal bank account" and one could argue that Halifax is part of Bank of Scotland plc!)

10_66

https://forums.moneysavingexpert.com/discussion/comment/82068682#Comment_82068682

Can I ask, please, what about if the Club Lloyds is due to mature in 45 days' time (as is the case with OH's), so not too much time to lose on the old one if renewed now? Mine isn't due to mature until Feb though.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82068754#Comment_82068754

I've had 3 or 4 iterations of the BoS RS and never had a current account with them, do have Lloyds/Halifax current accounts and a BoS login profile.

MaxBlax

https://forums.moneysavingexpert.com/discussion/comment/82068748#Comment_82068748

I have tried several times this morning to renew my Bank of Scotland Monthly Saver and the following is the response I received each time

adw1977

Lloyds Regular Saver

I can't find anything in the T&Cs to say what happens if you close the required current account during the term of the regular saver.

Has anyone more observant than me spotted anything?

I've just initiated a switch of my Lloyds current account to Co-op (for a £300 incentive) but have taken advantage of the window of opportunity before the switch happens to open the Regular Saver.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82068765#Comment_82068765

You'd be losing a bit less than £20 in interest if you were to end the 'old' CL 6 weeks early, but obviously the idea is to open a new 8% RS which will be earning considerably less for the same period but extends for another 12 months.

That would be offset by whatever you'd earn by putting the matured funds elsewhere (if you do).

Only risk in leaving it alone until term is that Lloyds withdraw/downgrade the new RS in the next 6 weeks.

greypays

Halifax Renewal

Attempted to renew Halifax to the new RS, moved funds out of the everyday saver after renewal, closed the everyday saver (but still shows in my list of accounts), logged out and back in multiple times but the new RS is not showing as an option - am I doing something wrong?

Thanks in advance

JamesRobinson48

https://forums.moneysavingexpert.com/discussion/comment/82068720#Comment_82068720

LBG RS - joint accounts

OH and I have a joint Lloyds current account. On the strength of that, we each hold Lloyds RSAs in our sole names, which we have held for some time. I don't know if the same opportunity exists for joint BoS or Halifax CAs. But if it does, there would be scope for a couple with joint CAs to obtain, between them, numerous 8% sole RSAs with LBG.