The Top Regular Savers Discussion Thread

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.

kermchem

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

I was in a similar position with Lloyds. If you renew your remaining 6.5% account into a standard saver then you should be able to open whichever version of 8% they offer you. Do need to decide if is better to keep putting £400 per month into 6.5% until October.
Halifax is different as the account matures in a different way. The default is that the RS empties into the associated standard saver and starts again as a RS. Long term LBG are going to need to change something to get those old Halifax accounts closed. Perhaps change rate to 1%?

Section62

https://forums.moneysavingexpert.com/discussion/comment/82106476#Comment_82106476

The default is that the RS empties into the associated standard saver and starts again as a RS. Long term LBG are going to need to change
something to get those old Halifax accounts closed. Perhaps change rate to 1%?

Halifax

Or just tweak the T&C's so the RS account doesn't refresh - i.e. that funds are transferred to the associated EA saver and the RS account is closed, or that the RS converts into an EA saver itself.

Given all the other changes LBG are making at the moment then a tweak to the T&C's is a relatively trivial task.

Eco_Miser

https://forums.moneysavingexpert.com/discussion/comment/82105596#Comment_82105596

Note that the Halifax is a Regular saver and the Lloyds pair are Monthly savers, totally different accounts.😁

Lloyds rushed the issue of the 8% savers, and the only condition that seems to be enforced is not opening a Lloyds Monthly Saver while you've got a Lloyds Monthly Saver, of either kind. Note that even after existing Halifax accounts are rebranded Lloyds, they will actually still be BOS for FSCS and other purposes.

Apply, as so many others have done successfully, and see what happens.

jaypers

Lloyds Monthly Saver Update

To recap, I’m a Halifax customer with credit cards, 8% Regular Saver and a couple of unused easy access savers. No current accounts with any of the group.

Was invited to move to Lloyds app, which was a very quick and easy process. Lloyds Monthly Saver successfully opened and funded.

Happy days, apart from the fact I’ve opened so many regular savers in recent weeks that I’m about to blow my monthly budget!