Skipton Building Society Questions and Answers

premierfella

MiserlyMartin wrote: »

VERY limited, this account has lasted not even 3 weeks! I've not been in the UK so have had no chance to apply for this one. I can't imagine it was over subscribed as you can't apply online, so I wonder why it was pulled so soon?

If you were one of the people, such as myself, who applied for the Buckinghamshire Chiltern Gold Mine accounts last year you would have a different perspective on whether this 5% Regular Saver could be described as VERY limited - the Gold Mine Issue 1 lasted a week!:eek:
You have to be quick-off-the-mark with these high rate limited edition regular savings accounts. To be honest, I think Skipton have been pretty fair giving notice of it being pulled.

apt

In usual circumstances 3 weeks is plenty, but parts of the country have been snowed in for most of that time. There was a postal option, but that had tiresome ID requirements.

EarthBoy

MiserlyMartin wrote: »

I can't imagine it was over subscribed as you can't apply online, so I wonder why it was pulled so soon?

The staff in the Sheffield branch told me that they have opened hundreds of these accounts. The first weekend it was available customers were practically queuing out of the door.

john_s_2

I just want to third the comments about the Holborn branch. I've had a mortgage with Skipton for nearly 20 years, and a cash ISA for a while. I've probably been in that branch about three times in all that time, but each time have been very impressed at the friendliness, lack of queues, etc.

Mids_Costcutter

Skipton_Building_Society_Representative wrote: »

Following on from Milarky’s post I can confirm that the Regular Saver paying 5.00% gross pa/AER will be withdrawn by end of business on Friday 10 December. A new Regular Saver will be launched at 3.25% gross pa/AER. The 5.00% gross pa/AER version was a Limited Edition account and all promotional material, both in branch windows and online, encouraged customers to act now due to the limited nature of the offer.

At Skipton we always like to offer our customers competitive rates and occasionally we launch marketing leading rates – but these can’t be on offer indefinitely. The 5.00% gross pa/AER Regular Saver has recently been removed from our website but you can still open an account in branch until Friday.

Thanks,

Samantha

Thanks for the info. but shouldn't the (limited edition) Regular Saver still be listed with its interest rate under Investment Rates / Closed Issues? All I could see there was another older Regular Saver with a lower interest rate.

ashteadgirl

Hot footed to Dorking branch yesterday afternoon to open last minute 5% regular saver. No queues pleasant girl asked could she help me. She knew the product explained it fully did not try to hassle me with any other unwanted products and even gave me mince pie and sherry as it was the towns special christmas shopping afternoon. What a pleasant experience. Very well done Skipton certainly will have you on my radar for future accounts.:j

anselld

Regular Saver ...

Adrinas asked this in Post #21 but sorry, I couldn't find a definate answer ...

My first passbook entry is 29/11/10 CHEQUE (07/12/10)

Does this count as a November payment or December? ie next payment Dec or Jan?

Nessie23

anselld wrote: »

Regular Saver ...

Adrinas asked this in Post #21 but sorry, I couldn't find a definate answer ...

My first passbook entry is 29/11/10 CHEQUE (07/12/10)

Does this count as a November payment or December? ie next payment Dec or Jan?

I am in a similar situation, checked with Skipton over the phone and they confirmed the first payment would count as being made in November, but would only start earning interest a few days later.

Nessie

Careful_ly

A cheque earns interest 2 working days after it is shown as deposited. The later date is when it would be fully cleared for withdrawal.
To get maximum interest on this type of account the earlier in the next 11 months that you make your deposit the (slightly) more interest you will earn. I would agree your next payment is due in December.

HTH

anselld

Thanks Nessie23 and Careful_ly.
Unfortunately it took about 10 days for the passbook to come back! So now I will make Dec payment asap then do 1st of each month from Jan onwards.