The Top Regular Savers Discussion Thread

Digital_Payback

https://forums.moneysavingexpert.com/discussion/comment/82069928#Comment_82069928

I don’t have a Club Lloyds Current Account, only the Classic account, and when I searched for the 8% monthly Saver yesterday I was presented with the Club Lloyds version only. I opened it in seconds and immediately funded it. It’s still there today so must be open to all now.

pecunianonolet

BOS, Halidax & Lloyds

Pecunianonolet we've decided to close your new Savings Account, based on information provided by you, credit reference agencies, and or fraud prevention agencies. Please destroy any letters, cards or PINs you receive. We'll send you a letter with next steps if there's a credit or debit balance. Please call 0345 835 8020 if you've any questions, quoting reference 195699549. We're here Monday to Friday 08:30-17:30, and Saturday 09:00-12:30pm.

Received 3 texts this morning for BOS, Halifax, and Lloyds. Wasn't expecting anything else as they already did that in April 2025 for new Lloyds Bank regular savers when the previous ones matured. No idea what issues they have with me when I have literally no other issues with any of the other high street banks, all credit reference agencies provide me with their artificial scores that all show excellent and my long standing 30k stoozing balance was zeroed and paid back over the last years with a large junk repaid in Jan and Feb. As per an earlier post, I was totally expecting this and it was worth the risk due to personal circumstances so not a big deal for me at all.

Rob_Wills

https://forums.moneysavingexpert.com/discussion/comment/82069940#Comment_82069940

There are so many errors in Credit Reference Agencies records that they ought to be abolished.

The problems for consumers have been increased since AI has taken over all management.

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82069937#Comment_82069937

It could be that they are in the process of combining the two into one account, given that the terms only yesterday changed to be otherwise identical. But given the response to pecunianonolet I would prefer to wait and consider a standard current account and saver later when the issues have been ironed out (I don't have the funds for the full set of available 8%ers at present anyway.)

I did think that if they were going to close accounts, they would close the accounts holders weren't entitled to (a BoS with a Halifax current account, or closing/renewing a Lloyds or BoS within 12 months and reopening) but it might be that they are taking the nuclear approach.

Hopefully pecunianonolet isn't being debanked, but texts from all three on the same day don't look good.

pecunianonolet

https://forums.moneysavingexpert.com/discussion/comment/82069949#Comment_82069949

Even that doesn't bother me too much. I am ceasing to be a UK tax resident later in the year anyhow so most of my bank and building society accounts will close. I probably go from 50-60 to max 10 accounts but I happily exchange this for 320 days a year of good weather and tax free capital gains and interest on worldwide income plus many other perks. Would have been nice to ride the 8% wave for a bit but not too fussed.

ToastLady

https://forums.moneysavingexpert.com/discussion/comment/82069949#Comment_82069949

Not good, hopefully just savings accounta and you have no further problems.

jaypers

Lloyd and BOS RS

After reading all of the comments regarding the 8% accounts, I’m confused about the Lloyd’s and BOS ones.

For info, I have a Halifax one opened……don’t have a current account with any of the 3 companies, just a Credit Card with Halifax. I was already registered for Online and Mobile Banking.

As we know, the Halifax ‘new customer’ options take you into a loop so no way to progress if you’re not already registered. Both BOS and Lloyds state that you need a Current Account, however the options look similar to Halifax and if you state that you are new to them it progresses to the application process for their RS. Not progressed any further, so what actually happens if I apply?

MaxBlax

Lloyds Banking Group (LBG) Monthly Savers (MS)

This is brief summary of my experience of LBG MS accounts over the last two days, which may or may not be of some benefit to other forumites.

On Monday 13th July 2026, as well as a Club Lloyds account, I also had the following LBG MS accounts:

• Club Lloyds (CL) 6.25%
• Lloyds 5.25
• Bank of Scotland (BoS) 5.5%
• Halifax 5.5%

N.B. Due to the minimum version of Android that LBG apps now require having recently changed I can no longer use LBG apps and instead I can only use LBG websites.

I renewed the Halifax 5.5% MS to easy access (EA) saver, transferred the balance with accrued interest to another account, closed the EA saver and successfully opened a new Halifax 8% MS.

Whilst a Renew Account option is shown for a BoS MS, it is actually NOT possible to renew a BoS MS and trying to do so results in message It looks like something's gone wrong. Unfortunately there's a problem with our system. We're sorry for any inconvenience. Please try again later. A customer must instead close a BoS MS, which can only be done with a balance of £5 or less, so one would have to transfer the full balance to another account, then close the account, when the accrued interest would then be transferred to another account and one can then open a new 8% MS.

Alternatively, BoS can close a MS without reducing the balance, which is what a BoS member of staff (MoS) did for me by telephone, during which the full balance and accrued interest was transferred to my BoS EA saver. However, the MS still remains in one's accounts' list and only disappears the following day, when one can open the new 8% MS, which is what I did.

I renewed both my Lloyds MS and my Club Lloyds MS to EA savers, transferred the EA balances to another account and closed the EA savers but, like BoS above, the EA savers remained within my accounts' list.

I then tried to open a new 8% MS and noted I was only presented with the option to open a CL MS.

Since one can now only have one and not both Lloyds MS accounts and they are both identical there is no benefit to me of having a Club Lloyds account, so I downgraded my Club Lloyds to Lloyds Classic.

I then tried to open a new 8% MS and noted I was not presented with the option of opening any MS.

The following day (today), the EA accounts disappeared from my accounts' list and I tried again to open a new 8% MS and noted I was still not presented with the option of opening any MS.

I telephoned Lloyds and, after much explanation to numerous MoS, a member of Lloyds Applications team successfully opened a new 8% MS for me.

I now have new Lloyds, BoS & Halifax 8% MS.

gpman

https://forums.moneysavingexpert.com/discussion/comment/82069962#Comment_82069962

Savings account applications don't normally seek reports from credit reference agencies as you are not applying for any form of credit.

Sometimes they may make a soft search to confirm an applicant's identity. But that shouldn't be necessary for a BoS RS application, as BoS should already know you because you should already hold a BoS current account with them.

The issue here may be related to, at least in part, that the poster did not hold a BoS current account yet found a way through this site/thread to open a BoS RS anyway.

The poster is not the first here to have been sanctioned by LBG for attempting to game their business, and I'm sure they won't be the last.

It's not clear why the poster went to all the effort of applying in the first instance if they are leaving the country within the next 6 months. BoS general conditions state they may not have kept the account open anyway if the customer moves abroad out of the UK.

Newly_retired

If I downgrade my existing Halfax RS to an EA savings account, how soon will the interest from the RS be paid?