The Top Regular Savers Discussion Thread

CricketLady

https://forums.moneysavingexpert.com/discussion/comment/82068801#Comment_82068801

You don't mention in this list that you applied for the 8% account, are you saying that the new 8% account isn't showing? If you successfully opened the 8% account, you should receive an email which will give you the sort code and account number (alongside the other emails confirming your previous regular saver became an easy access account) and at least will verify that all is well (or not) - good luck xx

Edited to add - the renewal button simply renews the old account into an easy access, it doesn't automatically open another regular saver for you. To do this go to the "compare savings accounts" button on the left, find the 8% and apply for that in the usual way. xx

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82068814#Comment_82068814

Maybe even one of the largest IT infrastructures in Europe is having a bit of a creak with thousands of simultaneous "Renew" presses…..

gwapenut

https://forums.moneysavingexpert.com/discussion/comment/82068817#Comment_82068817

Actually, I'm not sure it does skew it in favour of the new 8%. I'm just 3 months in, and I think I'm better off staying put. Here's a screenshot of my calcs using a really rough and ready monthly interest totting up. Small error means I forgot I should have an extra £150 in savings at the start of the 8% term, but that only bumps the total 8% interest up to £215.

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82068801#Comment_82068801

I renewed, logged out of online banking and then opened the new RS in the app - don’t know if that makes a difference.

I haven’t closed either of the Everyday Savers yet.

clivep

https://forums.moneysavingexpert.com/discussion/comment/82068812#Comment_82068812

I had these problems when renewing my BOS RS in May (Doh! would have matured later this month).

I managed to get it closed by using the online chat but seem to remember it took a while before it was closed.

Edit… I've just tried and had the same problem. As last time, online chat gives the option to close but then simply directs you to the non-functioning route. When you say it's not working they redirect you to an agent who eventually closes it. However, this time the agent has told me to go into a branch!!!. I said I'd previously done it in chat and she agreed to close the a/c.

clairec666

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

Bank of Scotland login

I don't have any BoS accounts, tried registering for online banking with my Halifax and Lloyds account number / sort codes, and it says they couldn't find my account.

I'll happily open a BoS current account in order to get the regular saver, but it sounded from your experience that it was possible to avoid this.

PloughmansLunch

https://forums.moneysavingexpert.com/discussion/comment/82068812#Comment_82068812

BOS

I got this message too, and I've also closed two instant access accounts that were rattling around which appeared to work, but they are still showing in both online banking and the app. A 2nd attempt to close these gives the same 'We can't complete your request…' message. It's annoying but not the end of the world as I could always move £250 back in this month and have it mature £1000 less than it should have been.

clairec666

https://forums.moneysavingexpert.com/discussion/comment/82068826#Comment_82068826

I think there's a discrepancy because in your "stick" table you've got a total of £4800 in savings at any one time, whereas in the "twist" table there's only £3450.

MaxBlax

Bank of Scotland (BoS) Monthly Saver (MS)

Due to the minimum version of Android the BoS app now needs having recently changed I can no longer use the app and instead I can only use the BoS website.

Either way, this morning when selecting the Renew Account option for the BoS MS on their website, I received message It looks like something's gone wrong. Unfortunately there's a problem with our system. We're sorry for any inconvenience. Please try again later.

A BoS member of staff (MoS) subsequently told me by telephone that it is not possible to renew a BoS MS and instead I must close the account.

When attempting to close the BoS MS via the website I received a message that the balance of the account must be £5 or lower.

The BoS MoS closed the account for me without needing to reduce the balance and the full balance plus accrued interest was transferred into my BoS easy access account.

However, whilst the BoS MoS 'closed' the account, after logging out and back in, the account still appeared and the BoS MoS told me the account would disappear sometime tomorrow.

I subsequently tried to close the account via the BoS website but received message We can't complete your request right now. To close your account, please visit your nearest branch or contact us.

So it looks like I am going to have to wait until tomorrow to try to see if I can open the new BoS 8% MS.

janusd

https://forums.moneysavingexpert.com/discussion/comment/82068842#Comment_82068842

possibly caused by the existing CL being £400pm, the new 8% being £250pm ?

that said, there is an error in the "stick" table too, where the EA account balance starts at £4800 next tax year, I think it should really be £3,000 or £3,250 because you won't be paying £400pm in next tax year.

plus if applicable to you, you may have to factor tax changes into next year's interest.