The Top Regular Savers Discussion Thread

BestSeagull

https://forums.moneysavingexpert.com/discussion/comment/82096111#Comment_82096111

Thanks!

Manchester update.

Having received a reference number but no account number yesterday after applying after hours, I received an email an hour or so ago to say I had a secure message. On signing on I could see the new RS account and went ahead and sent a test transfer. Not long after, I received a text to say that the deposit had arrived.

Newcastle.

Boosted by that success, I applied for the Newcastle RS2 and it appeared right away.

kermchem

https://forums.moneysavingexpert.com/discussion/comment/82096137#Comment_82096137

Manchester BS user ID arrived. So, starting from scratch yesterday afternoon, I opened RS issue 1, got user ID this morning, and then opened issue 2.

adindaspantai

https://forums.moneysavingexpert.com/discussion/comment/82095953#Comment_82095953

Well, I do not know your experience and I was not getting around with anything as what I share here is my personal experience. I managed to close and reopen a new one in that way.

Regarding Reopening of BoS monthly saver, before the anniversary TBH I have not checked the T&C carefully, so you might be right. Someone else might want to check it and let us know. I know for sure that Halifax Regular does not allow that, but I am not sure about BoS monthly saver. For Halifax RS If you close it earlieryou might need to wait until the anniversary date to reopen a new one. But In the past people have also managed it using diversion to easy saver.

Also, it is not uncommon what is stated in the T&C is not necessary what is enforced. But In the past I have managed to close a few BoS, Halifax Monthly saver in the past. I am not quite sure but it might be with Lloyds and Clloyds as well.

Kim_13

Manchester

Wasn’t going to bother but as Issue 1 was the only one that could be applied for directly online and not knowing what may be restricted to existing customers in the future, I’ve opened one. Not in a rush to open Issue 2 (it’s only just been launched so the risk of waiting for a convenient date feels minimal and I don’t expect to fully fund anything below 6% in most months.)

28 days given to fund so will do so on Monday, but I’m guessing it’s 2 years from today regardless of when funded?

Put NatWest as my nominated (have a paper statement) as Newcastle are the only building society I’ve ever had online ID check fail from and they are the same company. Pleasantly surprised that it went straight through. Hope I can nominate another account if I open Issue 2, given NatWest don’t do two payees to the same account number/sort code.

adindaspantai

https://forums.moneysavingexpert.com/discussion/comment/82096125#Comment_82096125

That is also how I get my BoS Monthly saver closed by their human CS.

Bridlington1

Newcastle BS RS Issue 1 at 5.15% (NLA):

The application link's still available for those wanting to open it, it'll probably get pulled soon enough though. As an existing customer I found the account was opened and appeared in online banking shortly after opening.

https://services.newcastle.co.uk/applications/apply?productId=NCLRSA1

I'll probably bung a speculative £1 in alongside issue 2 at the end of the month.

P1 of this thread to be updated shortly, apologies for the delay, I had other commitments outside the forum I wished to focus on.

friolento

Regarding Reopening of BoS monthly saver, before the anniversary TBH I have not checked the T&C carefully, so you might be right. Someone else might want to check it and let us know. I know for sure that
Halifax Regular does not allow that,

Did you mean to say I know for sure that Halifax Regular does allow that - because there's not been anything in Halifax online that prevented us from renewing (i.e. closing) an existing Halifax RS well before anniversary, and straight away opening a new one.

adindaspantai

https://forums.moneysavingexpert.com/discussion/comment/82096437#Comment_82096437

Halifax RS Does NOT allow that. That is is why closing & renewing Halifax RS in the past will need more effort than BoS Monthly saver. I have not checked the new T&S though. If you close it earlier, you might need to wait until the anniversary date to reopen a new one.

friolento

https://forums.moneysavingexpert.com/discussion/comment/82096439#Comment_82096439

I am afraid, that is not correct. As I said,

there's not been anything in Halifax online that prevented us from renewing (i.e. closing) an existing Halifax RS well before anniversary, and straight away opening a new one.

Myself and other posters have done this more than once. My most recent one was mid July, when I closed my 2 month old 5.5% Halifax RS and opened the 8% one.

adindaspantai

https://forums.moneysavingexpert.com/discussion/comment/82096446#Comment_82096446

I am not quite sure about the new one. Have not tried it yet.

But this is what I have it on my old note: Someone was writing this

"If you use the *close account" option then you will be blocked from opening a new lone until the twelve months are expired from opening the old one."

In the past, you were able to close it by yourself. I also have closed and reopen a new one without the need to wait, but it will need a diversion techniques, to another saving account, to avoid being blocked. Not as straight forward as BoS regular saver