Anyone else opened a Christmas saver with Skipton?

edinburgher

YorkshireBoy wrote: »

I did...in my own subtle way.

Anyway, at least you've read your T&C's now.

Apologies for being short with you this morning - I'm rubbish before my coffee

Fyi, *I had* read the T&Cs - down to the level of working out interest permutations for various combinations and payment amounts, based on predictions of the GF and I's financial situation throughout the coming year. I'm shocked I missed something so basic and this probably led, in part, to my cheekiness!

No hard feelings and thanks for pointing out my mistake.. I still think the account is ok, as it has further to fall than most other accounts at the mo...

fullstop

Another account worth looking at is the Chorley BS Santa Saver paying 7.75%, rang them this morning and the rate has not changed, but is variable and could. Looks like a troublesome account to open though with all the ID hoops to jump through.

http://www.chorleybs.co.uk/

apt

As well as the Chorley BS Santa Saver being likely to fall the maximum deposit is only £150 per month.

YorkshireBoy

edinburgher wrote: »

Apologies

Not necessary. Takes more than that to get under my skin.

I didn't even spot you were "short"...maybe I hadn't had my 3 cups of coffee before breakfast!

I've just closed last year's Special Saver, and am considering applying for 3 more and a Christmas Saver. However, I'm waiting to see where the rates go* following last month's 1.5% cut. If they don't move too much, and if this week's cut isn't as big as predicted, I may pile in. I'm in no rush though, because I'm still enjoying 6% at Tesco.


* Branch Manager told me recently she didn't *think* they would fall the full 1.5% because "at the moment we would rather have savers than borrowers".

edinburgher

YorkshireBoy wrote: »

* Branch Manager told me recently she didn't *think* they would fall the full 1.5% because "at the moment we would rather have savers than borrowers".

I'd also thought (although purely anecdotal), that they may be keen not to scare off new investors if they're merging with Scarborough BS?

apt

The Skipton Christmas Saver and Special Saver are going down to 5.3% on 5 December. With further interest rate cuts on the way they are not going to earn much over the next year.

anna42hmr

apt wrote: »

The Skipton Christmas Saver and Special Saver are going down to 5.3% on 5 December. With further interest rate cuts on the way they are not going to earn much over the next year.

thanks for the info, i appreciate it, shame about the drop couldve been worse though

edinburgher

apt wrote: »

The Skipton Christmas Saver and Special Saver are going down to 5.3% on 5 December. With further interest rate cuts on the way they are not going to earn much over the next year.

Yup - one of the lead stories on the Guardian this morning talks about a possible further 1% fall today Good news for those with mortgages, but somewhat crap for savings wannabees.

anna42hmr

just wondering, does any one know if you can hold 2 of these at the same time (but for different christmases) the reason i am asking is that i currently hold one for this xmas which matures on 25th november, but i understand they offer the new accounts from end october/begginning of november, so would i be able to open one say 1st november for xmas 2010 when the one for xmas 2009 is still running (ie an overlap of 25 days??)

i know they may not be the best type of accounts but find it really useful to budget/save for christmas

scott_lithgows

I went for the regular saver account which has a bit less interest but does not finish and have a drastic cut in the rate at the end.
BTW,why not pick one of the better regular saver account,s which allow one transaction out per year ? I,ve got 4 going with diff building societies which cover holiday/xmas/wifes birthday/boys birthday every year.(i pay £20ish into each every month by standing order)
Last one I opened was with Leeds bs which has a 3% bonus as long as i only take cash out once a year.I have set the standing order up till 2099 !