The Top Regular Savers Discussion Thread

roked

https://forums.moneysavingexpert.com/discussion/comment/82070373#Comment_82070373

I did a calc on it yesterday, there around £5 in it, I thought the risk was too great to not go for it now. Maybe I will refresh it at the end of the month, depends on how it all plays out with the trouble people are having and luckily I had no problem yesterday refreshing mine.

Edit : Picture changed, realised the easy saver should have started with £3k not £3.25k, still £5 difference, just not so much interest in the total.

Stargunner

https://forums.moneysavingexpert.com/discussion/comment/82070404#Comment_82070404

if the £250 wasn’t in the 8% RS it could be earning up to 5% in an EA acc, so the actual gain is less than half the figure that you quoted

TheElectricCow

https://forums.moneysavingexpert.com/discussion/comment/82070414#Comment_82070414

I imagine it should be possible, the process for me was a download of the Lloyds app which somehow already knew I was a HF customer (possibly as I’d used the app before but had since deleted it) and required the accounts to be linked before continuing.

Once the change was authorised in the HF app, everything was available in Lloyds immediately and I could complete the Lloyds RS application in-app right away. Lloyds RS opened instantly and funded shortly after - Whole affair took maybe a few minutes once I decided to complete the account migration to get the Lloyds app up and running. Of course that’s discounting the hour I spent failing to log into Lloyds online first.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82070477#Comment_82070477

If the £250 wasn't in the 8% RS it could have been spent down the pub or it could have made £9k in 20 seconds on the turn of a roulette wheel.

Where else the £250 could be is irrelevant to the question.

jaypers

Halifax to Lloyds……..

I’m a Halifax customer with RS, registered for Mobile and Online Banking. Not a Lloyds or BOS customer. Also not been invited to migrate apps yet. Further to post from ‘TheElectricCow’ I downloaded the Llloyds app (iOS) and when launching it, get the following screen, so it seems migration is possible already.

Not progressed any further and I am intrigued whether the opening of Lloyd’s RS would be possible.

IMG_5735.png

Stargunner

https://forums.moneysavingexpert.com/discussion/comment/82070503#Comment_82070503

Of course it is relevant.

The question was relating to the benefit of holding off opening the 8% RS until the 31st July.

You sound like you are having a bad day. Are you French?

mhoc

Halifax/Lloyds

I have never downloaded the apps for either of these, always used the main computer. I've never seen the need to have the app. I've only used them these 2 for regular saver purposes so I check once a month and at the maturity date or if I was doing a renewal. Recently I've just logged into Halifax but I suppose at some point I will loose access to Halifax website and have to go via Lloyds.

Also I am thinking that by mid July 2027 and the maturity date of the Halifax (and BOS) just opened regular savers what will happen to the maturing Halifax regular savers as the name will be gone by then. My 2 LLoyds regular savers I am holding onto until they mature in May 2027 but by then will the choice be just one regular saver with £250 a month ….

In other news

Monmouthshire regular saver 8

Email today regarding maturity on the 28th - it morphs into easy access and you can then open a new Regular saver issue 8 and 6% (unless an issue 9 appears in the next 2 weeks) I think I am going to leave the easy access open with a minimal balance to preserve loyalty

gpman

https://forums.moneysavingexpert.com/discussion/comment/82070631#Comment_82070631

Monmouthshire regular saver 8

Will us OGs who opened the RS8 online when it was initially launched be permitted to open a replacement online too, or do they really expect us to use their app for any new application? What about an application by post?

If not, I fear it will be a case of Sayonara MBS. No point for me holding a low paying access account if applying for anything of any value from them in future is now is limited to via App or in person.

Lots of alternative places to squirrel away a small bit of spare cash paying 6% or more.
Even at 5%, the difference in interest at year end based on maximum deposits of £500 pm is only £30, or less than 9p per day. I'm sure I would survive without them

wmb194

https://forums.moneysavingexpert.com/discussion/comment/82070695#Comment_82070695

Monmouthshire RS I8

Its website states it can be opened in a branch, agency or via the app.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82070452#Comment_82070452

Re whether to close the existing account in order to open 8% one…

I put all my figures and dates in AI. For my feeder account I had to assume no rate change in the next 12 months. AI calculated that If I dump my current ClubLRS now and open the new one I will gain £16.25. Worth doing, but despite restamonies posted on here that this can work I'm still not sure if I want to risk loosing 6.25%.

I might try it with BoS. Loosing 5.5% for the next 11 months shouldn't make any significant difference for my RS portfolio📒😀

I had no problems with refreshing Halifax, but that is within t&c. Halifax doesn't have 12 months rule for RS.