The Top Regular Savers Discussion Thread

Section62

https://forums.moneysavingexpert.com/discussion/comment/82090110#Comment_82090110

…so all currently open Halifax RS will require renewal or a variation to the terms

I understood the renewal term only applies if you keep the associated Everyday Saver open - if you close it prior to maturity of the RS account the alternative T&C comes into effect, i.e. that the RS itself matures into an Everyday Saver rather than renewing to the current version of the RS account.

If so, then some percentage of the currently open Halifax RS accounts won't be eligible to renew, even if LBG don't do anything about the terms.

I suspect there will be a variation in the terms (they also still say "New customers open online only"), but if not then keeping the associated Everyday Saver open might be an advantage (if not already closed).

strawb_shortcake

Santander RS - funding

I opened the above 10/07 and funded the same day. Now all my standing orders have gone through, I transferred £200 from my Santander current account to the RS this morning, then remembered that my month runs from 11-10th of the month, is this going to be an issue as I've paid too early?

The_Groat_Counter

https://forums.moneysavingexpert.com/discussion/comment/82069531#Comment_82069531

Just wanted to say thanks for this guide @Yorkshire_Pud.

One small note re my experience - I did the first part of this, 'renewing' my Monthly Saver to an Easy Access account, not long before midnight - having then logged out and back in, when I tried to 'renew' the account back from an Easy Access to the new 8% Monthly Saver I just got a blank (white) screen, this happened in both the app and on the web.

I left it for a bit and tried again maybe half an hour later after midnight and the 'renew' screen duly appeared (i.e. it was no longer blank) with various options including the 8% Monthly Saver.

Whether trying to do this this shortly before midnight actually had anything to do with the glitch I can't say, but it did work - albeit not straight away .


One point to make - I did try but failed to find any 'official' information as to what happens if you close a Lloyds Monthly Saver early (or convert/ 'renew' it into a different account type), i.e. before the normal 12 month maturity, in terms of whether and how interest is paid. The only 'definitive' but wrong answer I got was from Google's ever 'helpful' AI overview which confidently stated that the interest earned would be forfeited - this is of course not how it worked in practice!

castle96

re above. I just closed it (didnt know about "renew" and opened the new 8%

roked

https://forums.moneysavingexpert.com/discussion/comment/82090205#Comment_82090205

I did the same last month by accident, the view is that there is no restrictions here on it, just a case of if Santander might object to it and close your account if they follow the T&Cs. No one on here had heard of it happening, however I decided to simply withdraw it and then fund it again on the correct date, this was not an issue

The_Groat_Counter

https://forums.moneysavingexpert.com/discussion/comment/82090308#Comment_82090308

When you closed the Monthly Saver, I assume the interest earned was paid?

1stdimebar

Zopa App problem's….!!! Had same problem…it's too do with the updated app and an older phone basically…would have to updated my phone to get it to work…could access it through sister's ipad…if that helps…

strawb_shortcake

https://forums.moneysavingexpert.com/discussion/comment/82090324#Comment_82090324

Thanks, I think I'll take my chances and see what happens and feedback of course. My lloyds RS matures tomorrow so if it closes I'll grab a lloyds RS while I can and fund that one instead.

I have a Halifax RS, and can only fund 2 this coming year without messing up my other savings accounts.

castle96

https://forums.moneysavingexpert.com/discussion/comment/82090478#Comment_82090478

yep……………..

What_time_is_it

BoS 8% regular saver

Is there a way of renewing an existing BoS regular saver? I’ve got one at the moment with a much lower interest rate (5.5%?) but I would prefer to close it and open up a new one at 8%. Is this possible? I tried the renewal method as discussed here for Halifax accounts but I am unable to select the BoS axcount I want to renew. Any ideas?