The Top Regular Savers Discussion Thread

JuicyBrat

Lloyds Regular Savers - sorry if I've missed it I've at CLMS and LMS both were opened in January this year - both funded up to July. My question is do I have to close one of them? What happens if I don't - will Lloyds close one of them?

masonic

https://forums.moneysavingexpert.com/discussion/comment/82069489#Comment_82069489

There is no suggestion existing terms won't be honoured until maturity. If you wanted an 8% Lloyds RS, then you'd need to close both, otherwise you can run them to maturity.

SFCooper

Just to confirm:

If I close my Lloyds 6.25% regular saver I’ll be able open the Lloyds 8% regular saver?

Bob2000

https://forums.moneysavingexpert.com/discussion/comment/82069476#Comment_82069476

Ok thank you for the information I've never read so many posts getting a bit jaded now l think. Cheers.

Stargunner

https://forums.moneysavingexpert.com/discussion/comment/82069495#Comment_82069495

You will have to wait 12 months since you opened your 6.25 RS

SFCooper

https://forums.moneysavingexpert.com/discussion/comment/82069510#Comment_82069510

Thanks for the update.

That’s nonsense from Lloyds!

masonic

https://forums.moneysavingexpert.com/discussion/comment/82069513#Comment_82069513

That is why people renew the account to an easy access saver, rather than closing it. It is then not a RS and there is no 12 month restriction.

Bob2000

https://forums.moneysavingexpert.com/discussion/comment/82069481#Comment_82069481

Exactly what's happening to me. Good luck. I'm out. 👍

JuicyBrat

https://forums.moneysavingexpert.com/discussion/comment/82069493#Comment_82069493

@masonic - Ohh, thanks for your swift reply - I admit I was getting overwhelmed reading/following this thread 😅 I think I'll run them to maturity and see how this new situation all plays out

SFCooper

https://forums.moneysavingexpert.com/discussion/comment/82069519#Comment_82069519

Can I ‘renew’ via the app?