The Top Regular Savers Discussion Thread

Pickledonionlover

https://forums.moneysavingexpert.com/discussion/comment/82081346#Comment_82081346

Monmouthshire RS8

No change here yet. Am guessing MBS don't do much, in regards to transferring money to external accounts or displaying new accounts, over weekends.

Am sure things will start to happen today.

🤞

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82082232#Comment_82082232

Interest for my RS8 that matured on 25/07 has appeared in the account, app only.

Requested all funds from account be withdrawn, will wait until complete then request closure (online).

where_are_we

https://forums.moneysavingexpert.com/discussion/comment/82081897#Comment_82081897

Virgin RS 3 maturing end of August. Isn`t there a £3,000 maximum in T&C`s. I have £3,000 balance at the moment. Will they pay 6.5% on £3,250. Do they not enforce against a 13th payment?

I suppose I could put £250 in on 1/8/26 and the worst scenario is it gets returned.

where_are_we

I have had a BOS RS for several years - no BOS current account even though that is stipulated in their T&C`s. I have Lloyds current accounts and Halifax Current accounts. I have been able to operate the BOS RS online via the Lloyds and Halifax websites.

I would like to get the new BOS RS @8%. If I close my present BOS RS and apply for the new one @8%, am I likely to run into difficulty over not having a BOS current account? I suppose I could open a BOS Current Account to be legitimate but it seems a lot of trouble especially as Lloyds Halifax and BOS are all merging this year into one brand ie Lloyds.

Once Lloyds encompasses Halifax and BOS will there still be 3 RS`s (Lloyds, Halifax and BOS)@ 8% available later this year.

figgyc

https://forums.moneysavingexpert.com/discussion/comment/82082441#Comment_82082441

Bank of Scotland

I and others above the thread have successfully opened the BOS RS with no current account with no problems.

Halifax

I don't think we really know what will happen around Halifax savings accounts going NLA. Frankly I'm surprised they launched this one at all!

I am curious on what people's strategies are for this, are people thinking of closing/renewing their Halifax RSs before they are kicked out of Halifax online banking and app, to get a few extra months of 8%? I don't know how viable that really is since its being done in waves at different times for different people (see the Halifax to Lloyds thread here )

Last time I closed a Halifax RS I had to close it in branch, not sure if that was due to tech issues or if I hadn't learned the renew trick yet, would be inconvenient for me.

shirley999

Expected to find my Dudley maturity funds in my nominated account first thing but not there. Rang them up to be told end of play. Not happy them continuing to hold my funds after not paying interest all weekend. Strangely enough funds arrived within 10 minutes of my call.

gt94sss2

https://forums.moneysavingexpert.com/discussion/comment/82082441#Comment_82082441

BOS and Lloyds are remaining. It's only the Halifax brand that they are phasing out.

flaneurs_lobster

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

FWIW, just had second reminder from Skipton about maturity instructions - still broken.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82082404#Comment_82082404

Virgin

There's no maximum balance rule for this account so you can make 13th payment.

Poor_Leno

https://www.bankofscotland.co.uk/savings/accounts/monthly-saver.html

Interestingly, while this page says you need a current account to open the BOS 8% monthly saver in those three bullet points at the top, it seems not. I noticed near the foot of the page, headed by "Open a monthly saver" it said and to quote the text here ;

Apply online

Whether you're an existing customer or not, you can apply on our website.

So, I went ahead to try and open it, stating that I did not already have a BOS account and, voila, it opened successfully. Perhaps this has already been noted, but MSE doesn't currently have it listed as "open to all", when it is, albeit only by online application, whereas I think you do need the current account to open in a branch or phone, but managing it online is good enough for me and probably most people, so anyone in need of an 8% regular saver should check it out for sure! I might still grab the switch bonus later on with them too and actually open a current account, but wanted to get the saver opened in case they pull it soon enough, as it looks like their switch is a bit of a faff with needing 3 DDs active from the account being switched from.

Seems also, it will let me deposit now, and then again on 1st by standing order from another account, so you can choose whenever you like to pay into it just as long as its not more than 250 in a calendar month, same as the Nationwide flex saver basically, so it will be possible to make 13 deposits.. not that it will accrue much more interest, I just like accounts where you can double up what you put into it within a few days, and save that bit more.