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The Top Regular Savers Discussion Thread
Comments
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And since it's a £400 at 6.25% vs £250 at 8%, it's not a terrible situation for us RS collectors.
Being stuck in the 5's with the Regular RS would be terrible, but since it allows withdrawals and doesn't force closure and then block a replacement from being opened, I can't see there is anything that would make them uphold a complaint. The term about not opening another within 12 months would have been there 2 months ago.
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Sorry if I'm being dim, so in order to ditch an old 5.5% Halifax RS and open a new 8% one, the procedure is to "renew" the old account to change it into some other type of account so it's no longer an RS, and then the option to open a new 8% one becomes available?
(I can't see an option to close the old 5.5% RS account outright).
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Anyone near a branch of Darlington BS might like to pay them a visit for this.
Make £2026 in 2026
Prolific £177.46, TCB £10.90, Everup £27.79, Roadkill £1.17
Total £217.32 10.7%Make £2025 in 2025 Total £2241.23/£2025 110.7%
Prolific £1062.50, Octopoints £6.64, TCB £492.05, Tesco Clubcard challenges £89.90, Misc Sales £321, Airtime £70, Shopmium £53.06, Everup £106.08, Zopa CB £30, Misc survey £10
Make £2024 in 2024 Total £1410/£2024 70%Make £2023 in 2023 Total: £2606.33/£2023 128.8%1 -
Yes, 'renew' the account to an easy access account, then log out and back in and you should have the 8% reg saver available. Online, as can't be done in the app.
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It might be annoying that the latest interest rate, as well as the lower monthly maximum deposit, does not automatically apply to existing customers but it is by no means a Lloyds-unique that new terms don't apply to existing accounts, and that you can't have more than one of a given type of account. However, as has been noted
- depending on how much you have already in the CL RS, £400 a month at 6.25% might well be a better choice than £250 at 8%
- it is very easy to close an existing Lloyds RS and open a new one if you prefer the 8% one. However, this is making use of a loophole, and as you have already raised a complaint, you might be ill advised to try this now.
2 - depending on how much you have already in the CL RS, £400 a month at 6.25% might well be a better choice than £250 at 8%
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I would rather they launched a limited edition regular saver with a decent rate in celebration.
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Thank you. Just wanted to check, because I didn't want to ditch the old account and then find I still couldn't open the 8% one. Cheers.
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I think you can now also do it in the app, with similar renew and logging out/in procedure. Though to contain the amount of ongoing confusion over this, it might be better if we just stick to talking about doing it online
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sure but usually (always?) you cannot see the 8%er until you have logged out and in again.
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My thoughts exactly when l received the email earlier. I personally can't think of a better way to celebrate this anniversary event.
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