The Top Regular Savers Discussion Thread

clairec666

https://forums.moneysavingexpert.com/discussion/comment/82072574#Comment_82072574

Agree that rate alone isn't everything. But I wouldn't follow the rule of "longer = better" either, especially when there's such a big discrepancy in rates.

A lot depends on how much you've got available to deposit, too.

jaypers

https://forums.moneysavingexpert.com/discussion/comment/82072596#Comment_82072596

You’ve missed a vital piece of info, making your point a little misleading.

Zopa (1st RS, month 1-6) = £36 interest.

Zopa (2nd RS, month 7-12) = £36 interest.

So that’s £72 interest in the same period as £1800 into a 5.4% account over 12 months which gives you £49 or the same £300 pcm over 12 months (£3,600) at 5.4% would give you c£98 AND significantly more cash locked away.

topyam

Halifax

Now have a Lloyds login and it won't let me log in and apply as it doesn't recognise the username

pecunianonolet

LBG Reg Saver Saga

Just providing an update, after getting those lovely text messages, I reported a few pages back. All reg savers, they were all unfunded, were closed and disappeared and are not visible anymore in the apps.

Lloyds, I now have, as before, just my 3 current accounts with two using the interest free overdraft.

BOS, reg saver closed, nothing else but online access via app remained. I can see my other accounts when logged in as usual.

Halifax, my easy saver that was opened (probably me not doing the renew bit properly or a system glitch) was closed alongside the reg saver. My previous 5.5% reg saver I managed to successfully renew into an easy saver in the end remained open. Now 3 reards current accounts and the easy access saver (the renewd 5.5% reg saver before).

My MBNA credit card with 8k limit has now been closed. I haven't used the card this year, only as a pre caution for closure due to inactivity I did a 50p transaction in June.

In the apps of all 3 I can see the reg saver again as an account I could possibly apply for.

Make of it what you want, but LBG remains a strange bunch.

SH88SH88

Which Bank/Building Society will be the next to match the new 8% RS 'benchmark' ? ... First it was Santander, then Lloyds group. Maybe Nationwide or HSBC next ??

p.s. - I bet its not the Coop 😆

subjecttocontract

https://forums.moneysavingexpert.com/discussion/comment/82072687#Comment_82072687

The Coop don't need to offer extra to retain customers, as they have already offered those opportunities. A packaged account for a market leading £12 a month and a £200/£300 switching bonus, even for existing customers. There are plenty of other banks that make little to no effort to retain customers.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82072436#Comment_82072436

Ditto, last year I got into a secure message dialog over a day or so and got my instructions accepted (close and FP to external account).

This year I'll do as you say and just let it default.

mhoc

https://forums.moneysavingexpert.com/discussion/comment/82072404#Comment_82072404

Just had a look on the website and at the moment there seems to be no new Virgin regular saver to replace a maturing Virgin account. Vaguely in my head I seem to think someone guesstimated that Virgin regular saver issue 4 would appear in September although I might have invented this

jaypers

https://forums.moneysavingexpert.com/discussion/comment/82072737#Comment_82072737

This is why many of us binned the last one early and restarted the new one before it went……seems to be the thing with them that they launch them outside of when existing holders have maturities so it’s a good tactic.

guli

https://forums.moneysavingexpert.com/discussion/comment/82072574#Comment_82072574

interest is calculated daily. Term does not matter as much as the interest rate difference