Derbyshire regular saver interest rate cut

Deemy

MiserlyMartin wrote:

Wow what a discussion! So does anybody think I should close my newly opened Derbyshire Reg Saver then?

There are many better paying regular savers out there such as Halifax 7% @ £250 per month .. depends on your circumstances.

I'm going in tommorrow to close the accounts down, rather have it in cahoot at least they know how to process an fing R85 form !

MiserlyMartin

Oh I don't want to put £250 a month in there. I want to do £1000 a month for at least a few years until I've drip fed most of my Nationwide e savings out which only pays 4.6%.

Speculator

For the extra 0.4%, it's not really worth it. Probably lose 0.4% waiting for the money to reach your Derbyshire Regular.(around 3 working days)

mary

MiserlyMartin wrote:

Oh I don't want to put £250 a month in there. I want to do £1000 a month for at least a few years until I've drip fed most of my Nationwide e savings out which only pays 4.6%.

Why not look at the Principality Monthly Saver
http://www.principality.co.uk/Default.aspx?page=1447&lang=en

Account balance Gross* p.a/AER† Net# p.a Notice required
£1 plus
5.25%
4.20%
No notice

Features
£20 minimum opening balance.
A minimum deposit of £20 must be made every calendar month. Maximum of £1,000.
Interest paid annually on the anniversary of the account opening.
Interest must be paid into the account.
Variable rate.
One withdrawal allowed in any 12-month period following the opening of your account without loss of interest.
Customers who miss a payment or who make more than one withdrawal within any 12 month period following account opening will receive the interest calculated at a rate equivalent to the rate applying to the bottom tier of the Instant Access account for the full 12 month period.

Ted_Bloke

mary wrote:

Why not look at the Principality Monthly Saver
http://www.principality.co.uk/Default.aspx?page=1447&lang=en

Did you happen, by any chance, to find out whether 1 person can hold this additionally to the Regular Saver Bond?

(I could phone them to ask but the cost of that would wipe out an appreciable fraction of the extra interest I might be able to gain. )

°

derrick

Ted_Bloke wrote:

Did you happen, by any chance, to find out whether 1 person can hold this additionally to the Regular Saver Bond?

(I could phone them to ask but the cost of that would wipe out an appreciable fraction of the extra interest I might be able to gain. )

°

Their quoted phone number is an 0845 number, but here is the geo number:
02920382000

zzzLazyDaisy

mary wrote:

Why not look at the Principality Monthly Saver
http://www.principality.co.uk/Default.aspx?page=1447&lang=en
.

Or the monmouthshire, similar deal

http://www.moneysupermarket.com/savings/SavingsDetails.asp?SavingsID=16246&Amount=700&Results=8&Lender=

Ted_Bloke

zzzLazyDaisy wrote:

Or the monmouthshire, similar deal

http://www.moneysupermarket.com/savings/SavingsDetails.asp?SavingsID=16246&Amount=700&Results=8&Lender=

Did you notice this or is it OK 4u?
"Please note that the Society currently operates geographical restrictions on the opening of investment and savings accounts for new customers. The restriction applies beyond a radius of twenty miles from their branch and agency offices."
Our Branches
 Caldicot
 Chepstow
 Cwmbran
 Newport - Handpost
 Newport - Head Office
 Newport - Maindee
 Monmouth
 Risca
 Swansea
 Usk

(I suppose this kind of thing is perfectly legal :huh:?)

mary

Ted_Bloke wrote:

Did you happen, by any chance, to find out whether 1 person can hold this additionally to the Regular Saver Bond?

(I could phone them to ask but the cost of that would wipe out an appreciable fraction of the extra interest I might be able to gain. )

°

I think this is unlikely to be a problem as I am allowed to have a 6.75% Regular Savings Bond and a 6% Regular Savings Bond at the same time.

david78

mary,

How did you open your regular bond saver with the principality BS. It says on the website open by visiting branch only. If you did this, did you have to make an appointment (nearest branch to me is in Chester).

David.