Brittannia regular saver query.

RayWolfe

So many accounts. So many decisions. So much confusion.

kanchhelskis

Last year i withdrew all the cash bar £250, and i can do this again for this years.

Speculator

When I spoke to Britannia yesterday, the advisor said any withdrawals from the maturity instant access a/c must be to close the account. He could be wrong.

Renter01

Speculator wrote: »

When I spoke to Britannia yesterday, the advisor said any withdrawals from the maturity instant access a/c must be to close the account. He could be wrong.

No he is right.

I don't know if you got an answer, but there will be a new Reg saver at 7.5%. The first packs were being posted out this week.
You have the option of putting the monies from last years Reg Sav into a 1 Year FRB and then start a new Reg sav. The Regular Saver Bond is only available to customers with an existing Reg sav Bond.

mary

Damn, today I posted my closure instructions upon maturity for 19th November as I had rung them about 3 times today and was told the only Reg Saver available is the one for 4.30%, no mention of anything continuing for existing customers. So looks as though I've been too orgaised for my own good. They are slow at sending out info ahead of maturity then, if as some of you say, you more or less get it the day before maturity!

RayWolfe

Looks like you may have been too quick. The maturity MS is only mentioned on their account maturity instruction document ... and that seems to arrive just a few days before maturity.

Milarky

RayWolfe wrote: »

Looks like you may have been too quick. The maturity MS is only mentioned on their account maturity instruction document ... and that seems to arrive just a few days before maturity.

I don't fully understand. To be eligible to the 'Issue 3' FR (which would still be a newly opened account, with new a/c number etc) you must request this as part of the return to Britannia of the maturity instructions they send you? So, by giving alternative maturity instructions the is null and void - is this basically correct?

RayWolfe

Your first part is correct. The new, follow on RS is an option on the maturity instruction document. On that they ask you for a cheque or transfer from an existing account for the first payment. You second question ... I don't know, but if you've already given instruction, they may not send you the maturity form. ??????????

mary

Posted my own post maturity instructions to them yesterday and s.o.d.s law
their bumpf of alternative things to do upon maturity arrived, as predicted today. So rang them, they have put a note on my file to ignore my first instructions and I would like to now continue for a second year and open up a new RS for 7.5%. I have now posted the new form, enclosed a cheque for £250 (it's easier that way, rather than asking them to retain £250 for the new one). "Victoria" told me there was no problem and she read back the message to me she had put on my file.

So 7.5% is certainly worth having for another year.

prixon

do you think they will keep offering the follow on account (at 7.5%) for all mauturing reg savers, even now that the base rate is at 3%? Mine finishes in early Dec.