We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
The Top Regular Savers Discussion Thread
Comments
-
Lloyds
I only have a credit card with Lloyds. I access it via my BoS app.
Am I likely to be able to open a Lloyds RS?
(I have a BoS RS which I closed this morning and thus far not been able to open a new BoS RS.)
0 -
No requirement to hold any accounts with Halifax in order to open their Regular Saver:
Halifax Regular Saver1 -
No, Lloyds require you to hold a current account when you apply for a regular saver account.
1 -
Yes, but if you want to open a Halifax 8% RS TODAY you need to have the Halifax app already. They are restricting access to Halifax to existing customers with the app. (Edit: and this might have changed since early this morning)
0 -
For the Bank of Scotland Monthly Saver (their name for a Regular Saver), you need to hold a current account with them - and that would involve a credit check (it's possible it might not if you already hold a current account with Lloyds or Halifax, but that's nothing more than a semi-educated guess).
0 -
if you already have a current account with Lloyds, that should be sufficient to open a BoS RS.
0 -
LBG Group Reg Savers
A day of abscence and 160 unread messages…
Lloyds: I currently hold no regular savers with Lloyds, the in app application screen shows me only the Club 8% Reg Saver.
Halifax: I have the 5.5% reg saver with zero balance, it auto renewed from last year but remained unfunded. I do not see the 8% regular saver in the app as an option to apply for because I already have an active saver.
BOS: I do not have any accounts with them.
Can somebody confirm if this would the right order:
- Open Club Lloyds 8% reg saver
- Login to Halifax online banking, renew 5.5% saver to easy access saver, log out and back in and the 8% saver should be available. Perhaps leave a day between both operations.
- ??? Could I use Halifax login details and login to BOS and also open the 8% saver there or will this be not possible ???
Other: I had it in the past that I was opening the 6.25% Club regular saver with Lloyds and the standard 5.25% regular saver. Funded both straight after opening. Next day I received a text that Club Lloyds account was closed and I would need to go to branch with ID and letter. Letter arrived a week later and it was confirmed to me that the 400 would keep earning until account is closed.
An hour later, 4 calls I in the end had to make myself from branch with branch staff everytime verifying their employer ID to people we got passed onto until the account was closed, the interest on the 400 was paid and funds transferred out. OH has had the above with Halifax, however, a complaint was raised and Halifax reinstated all accounts and paid compensation. They said leaving easy access accounts unfunded and dormant could trigger this with their systems. true or not, no idea.
I am a bit concerned of this happening again, so if I open the account I probably give it a couple of days before funding. Going to branch is also curently not possible as ca 3000 miles away from the nearest one for the next few months.
LBG has been a trouble maker for a while so as long as I get my cinema vouchers and keep my 3 current accounts connected to yougov I am not keen to tinker with anything LBG. The only paments are those in and out each month to avoid the Club Lloyds fee and 2 current account with Lloyds and 1 with Halifax using the 100 GBP interest free overdraft limit. Perhaps best to feed them first back to zero before any application. With LBG everything is possible and I always expect the unexpected with them.
Opinions?
1 -
I am a Lloyds customer (for decades) with a Halifax RS. You can use Halifax account details to register online for BoS, and you can then apply for a BoS Monthly Saver, even without a BoS current account it appears. I have no desire to be debanked by LBG so didn't complete the application.
1 -
If you hold a current account with Halifax and have online access it is possible to open a Bank of Scotland regular saver without opening a Bank of Scotland current account but, given what you've asked in other questions, I'm assuming you don't in which case this workaround is not possible.
0 -
Though that's not what is stated on the BoS Monthly Saver web page.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.6K Banking & Borrowing
- 254.8K Reduce Debt & Boost Income
- 456.1K Spending & Discounts
- 248.2K Work, Benefits & Business
- 605.7K Mortgages, Homes & Bills
- 179K Life & Family
- 263.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards