Did you apply for a Barclays Monthly Saver in December?

exel1966

Then it will be 31 Jan unless you specified it as being a one off payment ?

Another payment can be made anytime from now until 31st Jan.

EDIT....or to be precise 30th for a Barclays current a/c holder as 31st is a Saturday so you will need to amend it.

demotw

Franklins wrote: »

I opened mine on 31 Dec, paid in the first payment by SO from my Barclays Current Account no problems.

Does anyone know when the next payment will be taken, is it 1 month from the first payment, ie. 31 Jan 09?

if its a standing order then you set the date its due to go in, just make sure its within the terms of the account, if its beyond a month then the interest rate drops dramatically. The date should have been set up when the standing order was set up, check online banking or via a branch in mid jan just to make sure everything is fine. Also if its coming from another bank, make sure you leave enough time for the standing order to reach the account.

lkmc01

I know its a bit early on in the day, but has anyone found out yet through their internet banking if those who have applied in December and got their first payment in in December get the 7.75% or the 6% annual gross interest?

Just a quick question as the account pays monthly, if it is 7.75% gross, what is the monthly gross rate. The monthly gross rate for 6% being 5.84%.

thanks

demotw

lkmc01 wrote: »

I know its a bit early on in the day, but has anyone found out yet through their internet banking if those who have applied in December and got their first payment in in December get the 7.75% or the 6% annual gross interest?

Just a quick question as the account pays monthly, if it is 7.75% gross, what is the monthly gross rate. The monthly gross rate for 6% being 5.84%.

thanks

providing payment was recieved into account in december you will get the 7.75% rate (aer). the interest rate is paid monthly on the account, the interest rate was gross 7.49%. net rate 5.99% pa

intalex

lkmc01 wrote: »

I know its a bit early on in the day, but has anyone found out yet through their internet banking if those who have applied in December and got their first payment in in December get the 7.75% or the 6% annual gross interest?

Just a quick question as the account pays monthly, if it is 7.75% gross, what is the monthly gross rate. The monthly gross rate for 6% being 5.84%.

thanks

See post #122 above... looks like I got the 7.75% rate (maybe even slightly higher).

fullstop

NickyDee wrote: »

This was a seperate discussion on whether you HAD to make payments via Standing Order. The answer is, no you do not.

According to the T/C point 5 it sates " A monthly deposit of between £20- £250 inclusive can be made to the account each month, Thereafter such deposits can only be made by way of Standing Order"

intalex

I paid in this month's £250 deposit "manually" from my Barclays current account. Now to wait and see if I'll still earn the full interest for this month, which should appear in my account on 01 or 02 Feb 2009.

ann-marie8

i went to a barclays branch on the 31 december and asked all the right questions. i told the bank staff about your website and what it said, and made them doubble-check on the numbers, but they were certain (and the rates were confirmed) that only people who opened the account in november and made the first payment before the end of the year would get the 7,75% rate. so i didn't have a choice but to take the 6% rate.

even more: the staff wasn't sure about the payments to be made..
should it be only one payment a month or more?
should it be a set amount or can i change the amount every month to suit my spare cash?
do i have to pay the money in at a certain day in the month?

any thoughts?

demotw

ann-marie8 wrote: »

i went to a barclays branch on the 31 december and asked all the right questions. i told the bank staff about your website and what it said, and made them doubble-check on the numbers, but they were certain (and the rates were confirmed) that only people who opened the account in november and made the first payment before the end of the year would get the 7,75% rate. so i didn't have a choice but to take the 6% rate.

even more: the staff wasn't sure about the payments to be made..
should it be only one payment a month or more?
should it be a set amount or can i change the amount every month to suit my spare cash?
do i have to pay the money in at a certain day in the month?

any thoughts?

Customers who open and fund a Monthly Savings account in December 2008 will still receive 7.75% AER (no withdrawals) for the full 12 month term. In these cases customers may query the fact that their statement shows the 7.75% AER rate. This is correct as the date the account is first credited is the date that currently determines the rate of interest payable, not the actual account open date

Customers who open a Monthly Savings account in December 2008 but do not fund it until January 2009, will receive the new rate of 6.00% AER (no withdrawals) for the full 12 month term. In these cases, customer statements will show the new rate. This is correct

just tell any member of staff who says different to check monthly savings on their information site, they will know what i mean, this is printed their.

Norman_Mac

As per your advise I went to my local branch of Barclay's bank on 17 December with all identification and funds to start a regular savers account but was told that there were no staff available for me to open an account until 5 January at the earliest. Have complained by e-mail to Barclay's head office but do not hold out much hope of achieving anything.