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Re: Regular Savers

Posted: Sun Jul 07, 2019 11:02 am
by Sarah
I'm not renewing regular savers from Halifax, Bank Of Scotland or Lloyds this year; all have dropped from 2.50% last year to 2.00% now so I've decided they're not worth it anymore. I've just renewed Club Lloyds however at 2.50% (down from 3.00% last year) which is as low as I'm prepared to go right now!

Re: Regular Savers

Posted: Mon Jul 15, 2019 8:51 am
by planteria
i'd say that's sensible.. i didn't have RSs with any of those anyway, but i too plan to retain Club Lloyds. i find it to be a useful current account.
only RSs i have are at 5%: HSBC, M&S, Nationwide, along with various monthly DDs in to Friendly Societies and a Credit Union.

Re: Regular Savers

Posted: Wed Jul 17, 2019 6:26 pm
by planteria
i've just realised you meant Club Lloyds Monthly Saver, 2.5%. i haven't bothered with that.
Club Lloyds Current Account paying 1.5% works for me though.

Re: Regular Savers

Posted: Wed Nov 20, 2019 8:54 pm
by planteria
M&S have lowered the RS rate..
https://bank.marksandspencer.com/save-i ... hly-saver/
so the RegSav stoozepots are on the way out for me when the current 3 i have mature.

Re: Regular Savers

Posted: Sun Apr 19, 2020 11:44 am
by planteria
fwiw the only RegSav i have nowadays is with HSBC. my account with them will mature in September. they're only offering 2.75% now, so when that matures i'll be out of cash RegSavs.
i have some DDs into building society savings accounts and a credit union, and contibutions to friendly society plans, which help re satisfying account criteria, and in some cases build up pots i can call on if i need to.

Re: Regular Savers

Posted: Mon Aug 03, 2020 7:21 pm
by Sarah
Club Lloyds Monthly Saver just dropped again 2.0% to 1.5% with effect from 21 July 2020:
https://www.lloydsbank.com/assets/media ... -rates.pdf

Re: Regular Savers

Posted: Mon Aug 03, 2020 10:44 pm
by planteria
i thought it was unappealing before :geek:.

Re: Regular Savers

Posted: Sat Oct 10, 2020 5:05 pm
by Sarah
Just renewed M&S at 2.75% but don't know if that rate will still be available when my FD & HSBC ones mature in January next year.

Re: Regular Savers

Posted: Thu Dec 24, 2020 8:19 pm
by Sarah
Sarah wrote:Just renewed M&S at 2.75% but don't know if that rate will still be available when my FD & HSBC ones mature in January next year.


It won't be. The regular saver rates for new FD & HSBC accounts dropped to 1% last month, whilst M&S have gone further and withdrawn theirs.

Re: Regular Savers

Posted: Fri Dec 25, 2020 10:03 pm
by planteria
end of the road for those accounts being useful, sadly.
other than using Co-ops for short-term 2%+ and carpetbagging building societies i can't see any case for holding cash: with rates being maintained so low and money being pumped into the system pushing up asset prices. this has been my best year by a distance, and it hasn't been difficult to choose positions.