The Top Regular Savers Discussion Thread

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

masonic

https://forums.moneysavingexpert.com/discussion/comment/82096457#Comment_82096457

My experience in the past is that the RS has no close option, so it is necessary to renew to a different account to achieve closure without visiting a branch. Right now "Close account" is there for both my Lloyds and BoS RS, but not Halifax. I have had no issue renewing and then opening a new Halifax RS immediately, whether or not I close the renewed account.

friolento

https://forums.moneysavingexpert.com/discussion/comment/82096457#Comment_82096457

It doesn't really matter how we can get rid of - in other words, close - an existing Halifax RS, the important fact is that we can. It's a simple, quick, well tested approach, used countless times and without failure by many people. Quite frequently used since the 8% Halifax RS has come on the market.

In any case, it is totally wrong to tell people they can only open a Halifax RS every 12 months. I could not find anything in the Halifax T&Cs which says that only one Halifax RS can be opened in any 12 month period - but if I have overlooked this term, please point me to it.

ToastLady

https://forums.moneysavingexpert.com/discussion/comment/82096457#Comment_82096457

I think you maybe getting Halifax and BoS regular savers mixed up as to the T's and C's. It will soon no longer matter as Halifax will be under Lloyd's.

Born2Save_3

Newcastle RS Issue 1 and Manchester RS Issue 1 Refresh

Has anyone been able to do this ? Were you able to do this without likely manual intervention ? In other words, did closing seem automated and happen within a short time ? Were you paid the interest you expected ie the stated rate for the time invested in the account closed ? What day and times did you do the refresh ?

I'm wary that the window for reopening the issue one's is closing and may become problematic. Plus being a weekend may be beneficial.

Thanks in advance.