The Top Regular Savers Discussion Thread

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82069358#Comment_82069358

Not to mention she cannot open a Lloyds RS as a new customer, unless she also wishes to open a current account and incur a hard credit search. Halifax is the only one of the three that doesn't require a current account.

thor

I've been trying to catch up on the last couple of days' threads but I swear it seems like every time I get to the bottom of a page another one gets added with new posts. Anyway I caught wind of you being able to ditch Santander's 5% R.S for their new 8% one. Am I right in thinking that this can be done by renewing the 5% one then then merely opening the 8% one? Is there a nice shiny 'renew' button the allows you to do this?

Section62

https://forums.moneysavingexpert.com/discussion/comment/82069398#Comment_82069398

That clearly overrides terms of individual products saying they're available to new customers.

If the product is not available to new customers due to a bank-wide policy of not accepting applications from new customers then the T&C's and/or marketing materials for the product shouldn't be saying the account can be opened by new customers.

See "Fair, clear and not misleading"

Personally it looks more like a glitch to me, and some patience until Halifax sort out their problem would be a good way to go.

KneadtheDough

https://forums.moneysavingexpert.com/discussion/comment/82068772#Comment_82068772

Renewing (or not) Bank of Scotland Monthly Saver 

I've held a BoS Monthly Saver for years now, and have never been able to 'renew' or 'refresh'. Instead, I've had to wait a full year until after each MS was opened, and only then have I been able to open a new one.

I know some people have had success with renewing BoS MS, but not me.

TomJ

https://forums.moneysavingexpert.com/discussion/comment/82069201#Comment_82069201

It used to be the case that you could have a Club Monthly and a lower interest rate paying Monthly at the same time. This is not the case now.

Hattie627

https://forums.moneysavingexpert.com/discussion/comment/82068692#Comment_82068692

https://forums.moneysavingexpert.com/discussion/comment/82069401#Comment_82069401

Not with Santander. Close the old one by using the chatbot Sandi but empty the account to zero first. The account will close in a couple of days (closing interst will be sent to the account you specify when asking for closure). Once the old one is closed you can apply online for the new one.

Slinky

Maximising interest in this tax year using RS

Aside from Zopa RS, are there any other well paying RS which pay interest monthly? OH has just become a lower rate taxpayer this year so we're looking to maximise interest in his name to use his £1K tax free allowance. I've opened the 8% accounts, but of course they will pay out next year. I know we could close some accounts early, but would rather not if there are other well paying options.

etienneg

Bank of Scotland Monthly Savers

My wife and I had web logins for BoS from long ago when we had accounts there, since closed. Logins still worked. I was amazed at how quickly the savings account applications were approved - without asking ANY questions! They obviously know quite enough about us!

Middle_of_the_Road

https://forums.moneysavingexpert.com/discussion/comment/82069392#Comment_82069392

if you have the prerequisite current accounts for Lloyds and BOS, you really have nothing to lose. Seems some are having difficulty opening the Halifax as a new customer, although while no current account is required, existing customers have managed to do so.

where_are_we

https://forums.moneysavingexpert.com/discussion/comment/82069392#Comment_82069392

Of course 8% on as many LBG RS`s as you can get is worth it. I am in the same position as you. I have a big EA flexible cash ISA pot which I have been depleting to fund such like high interest rate RS`s because the interest rate differential is so large. Then in late March I will have to find a large amount of cash for a short while to top up my ISA to its maximum and then in the next ISA year I can start same strategy all over again.