The Top Regular Savers Discussion Thread

poblomov

https://forums.moneysavingexpert.com/discussion/comment/82090186#Comment_82090186

ZOPA

I think it is just a problem with the app. There is no requirement to open the regular saver pot before/after a certain period after you've opened the Biscuit account that I am aware of. Per page 1, the only requirement beyond having the Biscuit account is having a Smart Saver account

Stargunner

https://forums.moneysavingexpert.com/discussion/comment/82090728#Comment_82090728

You shouldn’t believe what an agent tells you A lot of them don’t have a clue.
Go by peoples own experiences from on here.

alfred64

https://forums.moneysavingexpert.com/discussion/comment/82090733#Comment_82090733

It's umpty pages they need to go through, not merely umpteen.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82090728#Comment_82090728

"Chat with the agent". Most agents read from the sheet you can read in t&c, which says "no you can't"⛔️

I've done this with BoS. Closed 5.5% and opened 8%. I didn't do this with Club Lloyds, decided to stick with the old version for now (there's still some risk of failed attempt).

If I had BoS 5.5% only four months to go, I would probably let it run to maturity. There is a fair chance that the 8% version will remain for a while. LBG tends to keep regular saver rates active for a long time, and the chances of the Bank of England lowering the base rate this calendar year are very slim.

kermchem

I suspect (no personal evidence) that if you tell BoS chat that you want to close old saver so that you can open the 8% account tomorrow then the agent’s script says not possible. By contrast if you just ask to close the account, then the evidence of many other posters (not me, don't have BoS) is that you will be able to open new account tomorrow. Software on website doesn’t know the T&Cs unlike chat agent.

andyhicks88

I notice the club lloyds regular saver has now changed to a £250 monthly limit….I assume this is for new accounts only and if you already have one you can still depsoit the £400?

Anagran

https://forums.moneysavingexpert.com/discussion/comment/82090928#Comment_82090928

Yes. Just the new 8% accounts are now £250. Any existing ones that were £400 are still £400 per month.

shirley999

https://forums.moneysavingexpert.com/discussion/comment/82090928#Comment_82090928

correct, and the reason I've stuck with the one I have, which is 8 months/£3,200 in at 6.25%.

nottsphil

https://forums.moneysavingexpert.com/discussion/comment/82090724#Comment_82090724

Maybe that's because they didn't want to throw good time after bad by posting about it on here. I didn't post that Chat couldn't close my account (it struggles to understand 'please close account number one two three four five six seven eight'! Instead, it just told me how to close it myself. I've tried it one more time tonight and the same thing happened.

bagand96

https://forums.moneysavingexpert.com/discussion/comment/82090189#Comment_82090189

When you know you're reading this thread too much....

I'd done a little bit of housekeeping and closed a couple of dormant Everyday Savers, including the new one set up last month when opening the 8% RS.

So I've just "renewed" last month's RS, and opened another new 8% RS, with its own new Everyday Saver to keep open.

Just on the off chance that in 12 months time it's beneficial (which I doubt it will be!)