The Top Regular Savers Discussion Thread

ThePirates

I hadn't noticed that the Virgin RS was NLA, probably missed it on all the off topic chat 😉

Mine matures in Feb '27, I guess it will all be amalgamated into Nationwide by then?

I was looking for the next RS top rate for my Mrs, we're right down to 5.x% with Manchester / Newcastle now.

dcs34

https://forums.moneysavingexpert.com/discussion/comment/82089267#Comment_82089267

Seems the sort of wording their legal department would be all over to minimise any risk of adverse reliance on such phrases - usually financial journalists will barely draw breath before telling you the following is not financial advice and past performance does not guarantee future returns…

Eco_Miser

https://forums.moneysavingexpert.com/discussion/comment/82089603#Comment_82089603

No chance it will be amalgamated by then, though Nationwide may well influence whether and at what rate a further RS will be offered.

PixelPound

https://forums.moneysavingexpert.com/discussion/comment/82089143#Comment_82089143

It just reiterates the same misunderstanding you see all over the place - lump sum at 5% pays more than drip feeing into an 8% from a 0% account, without understanding most would have it drip fed from the 5%. Or pointing out you don't get 8% for the whole year on the final sum, of course not you only get 8% on the time it's been in, it'd be like opening an account that has a promo rate for 12 months but not putting money in until after 11 months and expecting to get full 12 months interest.

The financial literacy (or lack of it) is shocking for a national paper.

adindaspantai

When Lloyds, Halifax and BOS become Lloyds, s I understand it they will only allow one regular saver paying 8%. But say a person already get three regular saving account paying 8%, what will happen with these existing regular saving account which is yet to mature, are they going to close it and pay the interest up to that point, or they will allow them to run until maturity ??

EarthBoy

https://forums.moneysavingexpert.com/discussion/comment/82089683#Comment_82089683

Bank of Scotland isn't becoming Lloyds; only Halifax is being rebranded. BoS is staying as BoS.

chris_the_bee

https://forums.moneysavingexpert.com/discussion/comment/82089686#Comment_82089686

They are fixed interest rate until maturity, so great uproar if Lloyds terminated them early.