Improve Money Rules In 50 Words. Suggest easy changes for our politicians

SallySunshine

calypso_rhapsody wrote: »

Fair treatment for maturing savings:

Banks should be obliged to a) give at least 14 days notice of maturity options; b) have a default option to transfer funds to their best rate instant access account and c) transfer funds being withdrawn electronically at no extra charge to the saver on the maturity date.

I agree with Calypso. I have received a letter from one bank 3 weeks before maturity, offering to reinvest my funds at a lesser rate than other competitors and keeping the funds in a rubbish rate account until I took out the new bond nearly 2 weeks later. Or giving me the option of a chaps transfer to my choice of bank at £23.

If you want to keep my money, give me a good rate on the holding account and the option to transfer for free. Then, I might think about leaving it in.

Have NatWest ever heard of good customer relations:eek:

janian

Local government eg social services etc often send out bills within a week of death to the relatives of the deceased. These bills are often inaccurate. Relatives in a vulnerable state are just paying these bills without question when they dont actually owe the money or owe less than stated. The bereaved (often elderly people) are being preyed upon by these departments and the practice is widespread. It is legalised fraud and there does not appear to be any regulation.

ses6jwg

SallySunshine wrote: »

I agree with Calypso. I have received a letter from one bank 3 weeks before maturity, offering to reinvest my funds at a lesser rate than other competitors and keeping the funds in a rubbish rate account until I took out the new bond nearly 2 weeks later. Or giving me the option of a chaps transfer to my choice of bank at £23.

If you want to keep my money, give me a good rate on the holding account and the option to transfer for free. Then, I might think about leaving it in.

Have NatWest ever heard of good customer relations:eek:

Hi there.

Santander now do this with their maturing bonds.

I work in a branch and we instructed to set "options" on all bonds to mature into a "Fixed Rate Reward Saver".

The rate is 1% and an additional 1.75% if left for another 12 months.

OK, not mind blowing, but better than 0.08%.

Simonn_2

When using my online account with Nat West it shows the money I have 'available' which includes my authorised overdraft amount. Hence it is not really what I have. They should show what is in the account only and not include the overdraft amount as including it encourages you
to spend more than you have in your account.

louloulabelle

Anyone who wants to claim personal tax allowance, child benefit, tax credits, child support etc must file an annual tax return (enforce for non-resident parents). Use these details to confirm entitlement and abolish all other agencies. No file = no allowances.

exroadrunner

Fair Energy Charges
Energy suppliers should be banned from charging higher rates on lower usages (your first xx kW's on gas and electricity). This encourages energy/CO2 reduction, simplifies charges and stops penalising families who use less.
Save the planet and stop ALL bulk discounts!

edda

Do not allow call centres to offer their normal selection of choices if no one is available to answer.
HMRC often do this. After answering about 3 different questions, message says "busy - try again later".
This costs time and money for the call.

gordys

election time me thinks. we have had more discontent in the country since may than we have had in the previous 13 years. where have all the statesmen gone? this country is now being run by young idiots that are only just out of nappies. since they have been in power they have upset everybody from the military to the students, and more inbetween.

Gillykins_2

Insurance companies should not be allowed to automatically renew your policy. They increase the premium after twelve months and then hope you will not bother to ring them to tell them you don't want to renew. This should not be allowed, and the automatic collection of the renewal premium should be stopped.

Gwen_Greenwood

Assure all new students that if and when the UK's financial position improves, fees will either be reduced or cancelled altogether according to the rate of any recovery.

All University courses that are deemed of higher importance (eg science/research into alternative energy etc) will be free to academically capable students.