The Top Regular Savers Discussion Thread

SloughSally

https://forums.moneysavingexpert.com/discussion/comment/82070300#Comment_82070300

I’ve take the P/L on the average holding over the next 4 months, in each scenario, the last 8 months are irrelevant and the time after 4 months also irrelevant.
in 4 months you could have an average of £500 earning 8% but lost an average of £2500 earning 5.5%,and I’ve factored in putting the current £2000 into a 4.5% EA also.Going on these figures someone would be roughly £12.50 worse off but taking the risk the 8% RS is not available in 4 months.

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82070337#Comment_82070337

The last 8 months are only irrelevant if you are leaving the country in 4 months and will no longer qualify to hold the accounts, otherwise switching guarantees 8% for those months too. A rate as good as 8% may well not be available to open in 4 months time.

Of course they will need to consider where any balance in excess of £250 will go - if there are other RSs they have with the capacity to take those funds and are not having to close 2 Lloyds accounts to replace them with 1 then as a rule of thumb it is probably worth doing.

snookerloopy96

Just popped in my local Halifax branch and have been told the regular saver is not open to new customers, I was (as expected) redirected to try Lloyds.

Worth a go, got 2 out of 3 which isn't (ain't?!) bad.

snookerloopy96

https://forums.moneysavingexpert.com/discussion/comment/82070150#Comment_82070150

As per my branch visit (above post) it appears not, completely closed off.

SloughSally

8% on an average of £500 for 4mths £13.33 plus 4.5% EA on £2000 for 4 months £30

£43.33

5.5% on an average of £2500 for 4 months

£45.83

Yes the 8% may not be available in 4 months ..

Stargunner

https://forums.moneysavingexpert.com/discussion/comment/82070337#Comment_82070337

1% interest on £2500 for 4 months is not £25, it is just over £8

ThePirates

https://forums.moneysavingexpert.com/discussion/comment/82070261#Comment_82070261

There is no minimum pay in each month, but if you do pay in it has to be £25-£250

kermchem

In December 2025 my local Halifax branch could not open any accounts, but could make me an appointment at a branch 20 miles away for slots in a 4 hour window in one day of the week when someone did open accounts. I eventually solved what was stopping the online method from working. Eight months ago Halifax did not encourage new custom, now they really don't want it.

Section62

https://forums.moneysavingexpert.com/discussion/comment/82070350#Comment_82070350

What did they say when you pointed out the Halifax Summary Box says new customers can apply online? Maybe they meant new customers can't apply in branch?

SloughSally

https://forums.moneysavingexpert.com/discussion/comment/82070344#Comment_82070344

How are you guaranteed 8% on the last 8 months how much did you have in this new 8% account in the last 8 months ? 8% on nothing is not much.