The Top Regular Savers Discussion Thread

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82077910#Comment_82077910

Which email address did you use? The info@ one?

Born2Save_3

Lloyds: both Monthly Saver 5.25%A and Club Lloyds Monthly Saver 6.25%A open and funded

Is there a solution to obtain two new at 8% or is it a case of working out if it is better to continue as is or possibly change the Monthly Saver 5.25%A to a new 8% and then carry on with the Club Lloyds Monthly Saver 6.25%A and the one 8% ? Or are there some other possible good options ? When applying is there any thing to be careful of ?

If there is a good post on this, please let me know. I've gone back about 20 pages and the answer wasn't apparent.

Middle_of_the_Road

https://forums.moneysavingexpert.com/discussion/comment/82078002#Comment_82078002

You can scrap both Lloyds savers you currently have, and open either of the 8% ones. Only one(1) monthly saver now allowed with Lloyds.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82078002#Comment_82078002

The 'new' rules say that you can only hold one Lloyds Regular Saver, you would need to close (or rather 'renew') the two RSs you hold in order to open 1 new 8% RS.

Sums I've done say that holding the 6.25% to term may be slightly more profitable than closing it and replacing with an 8% - depends where you put it and how much you have in the 6.25.

Newly_retired

i have decided to keep both my Lloyds RS until maturity.

I have renewed then closed my Halifax RS and opened the new one at 8%.

Am I safe to close my BoS RS , via Chat, and once it is no linger visible, I can open a new one at 8%, right?

friolento

https://forums.moneysavingexpert.com/discussion/comment/82078107#Comment_82078107

Same here - kept my 2 Lloyds RS accounts, renewed my Halifax one.

I have closed my BoS RS via chat. Then waited until next day, and was able to open a new 8%er. Many other people have reported the same. No guarantees this still works but chances are it will.

jaypers

Santander RS

Top up day today if you opened on launch day (23/6) and are doing things manually!

bristolleedsfan

BOS Regular Saver.

Have been able to open 8% version today having closed 5.5% version yesterday, had to login to Halifax online banking to fund from LBG accounts, would not accept transfers from LBG accounts via BOS online portal.

Speculator

I have a Monmouthshire issue 8 maturing on Saturday so have been reducing the balance gradually this week. Don't want my money stuck in a low paying account over the weekend.

It's annoying that you have to re-enter the nominated account details into the app every time you want to make a withdrawal. I once entered the wrong bank details ( Santander instead of Lloyds) so I submitted another withdrawal request with the correct nominated account. Monmouthshire only actioned the withdrawal to Lloyds.

At least withdrawals reach my current account same day, around 3 to 4pm.

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/82078564#Comment_82078564

With Monmouthshire I'd be inclined to withdraw using online banking, still same day withdrawals but once your nominated account is approved you don't have to keep re-entering it. If you do this make sure to submit the nominated account details in advance as they have to manually run a COP check before approving the nominated account for withdrawals.