The Top Regular Savers Discussion Thread

janusd

https://forums.moneysavingexpert.com/discussion/comment/82105687#Comment_82105687

my MonBS Branch Exclusive RS matures on the same day, and I have just received the maturity letter in the post - it includes a URL to enter (with a unique security code to me) if you want to re-invest in another MonBS account online.

there is also the option to return your choice by post (in a prepaid envelope supplied).

if you do nothing before the 29th, then the balance is transferred to the EA account… although I think in reality, based on the RS8 maturing experience, you keep the same account number and they just change the account name and interest rate… so if the same thing occurs with this, then you should be earning interest from the maturity date (not that it really matters as the interest amount would be trivial).

if you choose "Close", then you can either send the full amount to another MonBS account, or they will send you a cheque in the post of the full balance.

perhaps making a withdrawal before maturity (if allowed) rather than closing, might be an option?

molerat

https://forums.moneysavingexpert.com/discussion/comment/82105693#Comment_82105693

What current account ? There is no current account requirement for the Lloyds RS - MrsM opened the Club and only has a BOS current account.

clairec666

https://forums.moneysavingexpert.com/discussion/comment/82105859#Comment_82105859

As per the product page:

You can open this account if you:

• have a Lloyds current account

That's the official line, anyway.

molerat

Oh yeah, so it does. Never mind 😁

nottsphil

Could somebody please log into their Penrith Online and tell me if it is possible to change one's own password from within. I can't get into mine with what I thought the original password was, and this information would help.

ForumUser7

https://forums.moneysavingexpert.com/discussion/comment/82106070#Comment_82106070

If you click your name, then click security details, you can.

nottsphil

Thanks for the prompt response @ForumUser7 .

@Bridlington1 are you aware that the ESBS minimum monthly deposit that they 'slipped in' does actually appear on your 'before' list?

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/82106130#Comment_82106130

@nottsphil

Previously the ESBS terms did indeed state that the minimum monthly deposit is £1, however the term that was quoted of ``Failure to make a deposit of at least £1 per month will result in account closure" does not.

Under the old terms I'd put in the listing ``No stated penalty for missing payments" as there is no penalty mentioned for missing payments in the old terms (but do correct me if I'm wrong).

They then added the term that says ``Failure to make a deposit of at least £1 per month will result in account closure", after that edit I updated the listing to reflect this additional term.

Edited to add. Screenshots:

Before:

Listing on p1 stated:

After:

Listing states:

where_are_we

Lloyds Monthly Saver @8%. My old Lloyds MS has just matured and I have closed it. I also have a old Club Lloyds MS @6.25% which matures in October. From T&C`s, it seems I have to wait until 12 months from opening the old Club Lloyds MS @ 6.25% have elapsed before I can apply for a new MS @8%. Is this correct? When I do apply for a new Lloyds MS @8% (If it is still available) does it matter whether it is the Lloyds MS or the Club Lloyds MS - they look identical? I have a Club Lloyds current account run solely for the 6 free cinema tickets. I already have a Halifax MS @8% and a BOS MS @8%. Will the eclipse of Halifax into Lloyds affect my ability to have all three 8% MS`s in October?

wmb194

https://forums.moneysavingexpert.com/discussion/comment/82106458#Comment_82106458

Lloyds RS

You’re only allowed one Lloyds RS at a time. You’ll be able to open the current 8% RS when your existing RS matures (or ‘renewed’). My experience and I think others’ is that you’re only given one choice of 8% to open and it doesn’t matter which.