The Top Regular Savers Discussion Thread

adindaspantai

If you currently have Lloyds monthly saver (5.25%) and Club Lloyds Monthly saver (6.25%), what happen if you close Lloyds monthly saver (5.25%) & keep Club Lloyds monthly saver. Do they allow people to open a new Club Lloyds Monthly saver paying 8% ?

masonic

https://forums.moneysavingexpert.com/discussion/comment/82099860#Comment_82099860

No, you would need to close both.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82099860#Comment_82099860

No, breaks the new 'only one regular saver' rule.

Born2Save_3

Beverley BS RS I3

I had an identification check fail, applying while logged in at 2am. Application stated I am tax resident in a country in addition to UK. So called today and told they forced the application through, Had same identity fail when applied for Issue 1, and resolution. AML check proves only tax resident in UK, so they were not sure about tax status when applied. Can now see account.

I asked nicely if I could open Issue 2 but no joy. Apparently Issue 2 was only available for 1 or 2 days, and short availability of Issue 2 was why Issue 3 was created and offered. Not sure if this makes sense but is what I was told.

kermchem

https://forums.moneysavingexpert.com/discussion/comment/82099882#Comment_82099882

Beverley BS RS issue 2 arrived 6 July and went on 7July.

Eco_Miser

https://forums.moneysavingexpert.com/discussion/comment/82099882#Comment_82099882

I asked nicely if I could open Issue 2 but no joy. Apparently Issue 2 was only available for 1 or 2 days, and short availability of Issue 2 was why Issue 3 was created and offered. Not sure if this makes sense but is what I was told.

It would make sense if they discovered an exploitable ambiguity or omission in the T&Cs. Make Issue 2 NLA sharpish, fix and review the T&Cs then offer Issue 3.

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82099910#Comment_82099910

Issue 2 terms were identical to Issue 1 terms as far as I'm aware (that also had a short window of availability, circa 6 months before Issue 2 if I recall correctly.)

It seems likely that they have simply decided to stop offering an open ended product, since this Issue 3 matures after 12 months. I believe Issue 2 was available at the same time as a matures after 12 month ISA version, so they could have made the change to be consistent I guess.

Eco_Miser

https://forums.moneysavingexpert.com/discussion/comment/82099928#Comment_82099928

I was just speculating on what @Born2Save_3 was told

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/82099928#Comment_82099928

Beverley BS RS Issue 1 had a max monthly deposit of £150, Issue 2 had a max deposit of £500/mth. It'll be interesting to see how the interest rates for issue 1 and 2 hold up over the coming years though.

Something to bear in mind though is that if withdrawing from issues 1 or 2 in 2027 the optimum time to withdraw to minimise your interest losses is as early in the year as possible. New Year's Day falls on a Friday, thus any withdrawals would get pushed to 4th January at the earliest, leaving you earning 1% on the funds for 3 days.

I don't know if it'd be possible to get them to do a withdrawal (directly or indirectly) in branch on Saturday 2nd January, or even if they'd be open on that day, but Beverley's a lovely town if you fancy a day out.

Speculator

Monmouthshire regulars fast approaching maturity and my nominated account is with Lloyds.

Just wondering if anyone have used the app withdrawal facility to transfer money to bank account that is not their original nominated account?