The Top Regular Savers Discussion Thread

Section62

https://forums.moneysavingexpert.com/discussion/comment/82069777#Comment_82069777

The Halifax website clearly states that they are not accepting applications from new customers. I think I'll listen to what the bank themselves say above what you randomly "reckon" might be true!

Yes, it would be more accurate if they updated every single set of T&C's on their website, but it's quite obvious why they didn't…

It seems you've misunderstood. You claimed "The terms and conditions are irrelevant." However T&C's for financial products are never "irrelevant".

The T&C's, Summary Box, and associated documents are the basis of the offer by the financial institution to the prospective customer, and if accepted by both parties would form the basis of the contract between them.

I didn't "reckon" anything, and I'm not sure why you put that in quotes as it wasn't a word I used.

The words I did post are from an FCA rule (PRIN 2.1.1). Banks regulated by the FCA have to follow these rules, it isn't optional.

I don't know what reason you mean by "quite obvious", but whatever it is that is wrong. E.g. Halifax cannot say "We're in the middle of rebranding so we don't want to comply with the Rules".

They are offering a product and within the Summary Box clearly stating "You can open and manage your account:... New customers open online only" so if they have some other policy that no new customer applications will be accepted then either that policy needs to be changed, or the product information needs to be updated so it is no longer unclear/unfair/misleading.

…and good luck if you think anyone will remotely care about your complaint...

Thanks for the good luck wishes, but again you seem to misunderstand. I didn't say anything about making a complaint - why would I? As an existing customer I had no problem opening the new account.

What I did say is "some patience until Halifax sort out their problem would be a good way to go". If, after people have been patient, it is confirmed that Halifax won't allow new customers to apply then those who may have been misled by the Halifax Summary Box might want to consider making a complaint, but in my view that is something probably best left for a while until things are clearer.

x44

…and here is a new one (if not already discussed in the past XXX pages)

If have a standard LLoyds Classic account, but I am only given the option to open a CLUB lloyds regular saver account and not the standard regular saver account. Of course I'm not eligible to open the club Lloyds regular account…

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.