The Top Regular Savers Discussion Thread

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.

masonic

https://forums.moneysavingexpert.com/discussion/comment/82069438#Comment_82069438

I don't have a current account for BOS, but this was no issue (I now see all my LBG accounts in my BOS profile). So I have all three now. My only slight concern is the Halifax one, as they could remove the Renew loophole, leaving me unable to access it without going to a branch. Although I think that is fairly low risk. Oddly enough, the Halifax RS renew option is there only via online banking for me, not via the app.

In time honoured tradition, I will take the risk and open the Santander one on 1st so I don't have to fund it out of step with everything else.

Middle_of_the_Road

https://forums.moneysavingexpert.com/discussion/comment/82069423#Comment_82069423

Were you able to open the regular saver without a current account?

Eponym

https://forums.moneysavingexpert.com/discussion/comment/82069169#Comment_82069169

Lloyds - current account requirement

I don't currently have a Lloyds current account (credit card only) and have been able to open a regular saver via the app.

I've had the account details by email and it appears in the app, so it seems to be working. I've set up the funding payment to go tomorrow.

Bob2000

Halifax monthly saver HOW???

I've been trying to open the Halifax RS now on and off since noon. But no joy, just going round and round and....

I have the Lloyds App and the 5.2% RS plus current account and also have a BoS current account, with the RS 5.5% online access only but so far l can do everything for all accounts via the Lloyds App.

So how can l apply for the Halifax 8% please?

masonic

https://forums.moneysavingexpert.com/discussion/comment/82069473#Comment_82069473

You would need to use the Halifax online banking or app to apply. If you are not an existing Halifax customer, then there is a known issue that you cannot apply for the RS I believe.

CeliaSeas

I'm trying to open the Halifax 8% RS but I'm stuck in a loop, I click on open the account. Then it takes me to 'Are you already registered for online banking with Lloyds, Halifax or Bank of Scotland?' If I click yes it asks me to log in with my Lloyds username, I have a user ID, which it doesnt recognise. If I click no. I have 2 options

1-already a customer? >register & apply

then I'm asked to register with Lloyds, but I already am and they dont recognise my ID

2-New to Halifax > apply now

then when I try to apply and back to the start, I cant seem to actually get to the application process. I've tried to use the Halifax app but I end up stuck in another loop and it wants me to use my lloyds app.

Please help me, I've opened numerous accounts I dont know what I'm doing wrong😭😭😭