The Top Regular Savers Discussion Thread

fabsaver

It's disappointing that LBG haven't been more considerate of existing regular saver customers when launching these new products. I'm assuming they have launched these in direct competition with Santander. It's either that or they noticed this thread veered off course at the weekend and decided to give us something new to talk about 😆

Santander provided a clear and accessible method for existing customers to upgrade to the new higher rate but LBG haven't done that. It's only possible for Halifax via the unofficial 'renew' method. BOS generates errors if trying to renew or close (tried previously and not doing that again). Lloyds generally isn't worth renewing if you currently have both regular savers.

oliveoyl

https://forums.moneysavingexpert.com/discussion/comment/82068933#Comment_82068933

Exactly same happened to me, but when given the error message I clicked the back button, to then be presented with a welcome to your new account page with account number etc. Appeared in Lloyds app straight after, got email confirmation, funded.

kermchem

Since we are now up to 10 pages on LBG RS accounts, let me throw in my questions.

I have a Lloyds current account, and online access. I closed my 5.25% £250 / month Lloyds (standard) RS last week, because my funding threshold is getting close to 5.25% and my Club Lloyds RS matures soon, and we already knew in recent weeks that you cannot have both now. I am going to let my current Club Lloyds RS mature in 2 weeks and then open the 8%. I may be wrong, but I don't think Lloyds is going to go NLA on 8%.

Now the hard bit. I have a 5.25% Halifax RS, which I can see in Lloyds online and app. I do not have Halifax app or online access. How do I close and re-open?

OH has a 5.25% Halifax RS and no online access at all. Halifax is not handing out online access any more, both website and app forcibly point you to Lloyds. I guess OH needs to open a Lloyds online account just to access the funds.

How does (adult) child with no LBG online access open a Halifax account? Indeed, how does a random punter reading this forum with no LBG online access and no wish for a Lloyds or BoS current account get hold of one of these 8% wonders? Halifax RS application on their website just goes round in circles today when I try.

Or, is this the point, Halifax is shut to new business and these are offers to those opening (edit: or holding) current accounts with BoS or Lloyds?

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82068886#Comment_82068886

Unless you close the everyday savers and therefore your RS next year is a new application rather than a renewed account, but there have been one or two reports of that no longer working.

As a result, though I prefer to open my RS at the end of the month and have it mature ready for use on the 1st with minimal time in a feeder account, I was happy to open the Halifax one today (removes the risk of missing out altogether) intending only to do 12 payments. 13 payments are more worthwhile when you open at the end of the month.

mhoc

https://forums.moneysavingexpert.com/discussion/comment/82068960#Comment_82068960

OMG - this actually worked for me as well, using the back button so I now have a BOS regular saver 8% - no BOS current and it showed straight away logging in via Halifax - thanks for the advice

rallycurve

https://forums.moneysavingexpert.com/discussion/comment/82068933#Comment_82068933

I have followed a similar approach. It wouldn't let me log in with my Halifax/Lloyds details so I selected I am not already registered but then went with the "Already a customer? Register and apply" option rather than "New to BOS? Apply now". It took me back to the login page and I used the "register online" link. It was a simple form where I provided basic details and one of my Halifax savings accounts. I shortly had access to BOS system after creating user credentials and I could see all my Lloyds and Halifax accounts and could successfully apply for the monthly saver.

Malchester

Have Club Lloyds 6.25% RS and will stick with it. Opened Halifax 8% this morning no problem. And just opened and funded BoS 8% RS through BoS website on laptop even though I have no current account. All seems OK

topyam

Halifax

I don't have any accounts with them. Do I need to open a current account with them to get the RS?

Will that involve a credit check?

topyam

Bank of Scotland

Don't have any accounts with them - do I need to open a current account? Will that involve a credit check, if so?

jaypers

https://forums.moneysavingexpert.com/discussion/comment/82069130#Comment_82069130

Opening a current account will involve a hard credit search but you shouldn’t need one for Halifax. I only have a credit card with them and opened it without issue. This discussion is relevant to you -

https://forums.moneysavingexpert.com/discussion/6676189/halifax-reg-saver-8-no-idea-where-to-open-one