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Monmouthshire BS Flex saving saving withdrawal, How much in one go ?
adindas
Posts: 6,856 Forumite
Monmouthshire BS Flex saving saving withdrawal, How much in one go ?
I open my Monmouthshire BS Flex saving in January 16, and put £12,000 (e.g. March 31, 2012). As far as I am aware I am still obliged to put another £12,000 between March 31, 2012 until anniversary which is January 16, 2013. to get the bonus of 2%, to make it 4% in total.
If I do the following,
- I put £12,000 again this month to comply with the requirement
- I withdraw, £23.900 the following day and maintain £100 until January 16, 2013. I wil need to do this as I will actually need the money but at the same time I do not want to loose the interest that have been accumulated. Do you think it could work ?
- Is there any max limit for daily withdrawal online ?
Thank for your time.
I open my Monmouthshire BS Flex saving in January 16, and put £12,000 (e.g. March 31, 2012). As far as I am aware I am still obliged to put another £12,000 between March 31, 2012 until anniversary which is January 16, 2013. to get the bonus of 2%, to make it 4% in total.
If I do the following,
- I put £12,000 again this month to comply with the requirement
- I withdraw, £23.900 the following day and maintain £100 until January 16, 2013. I wil need to do this as I will actually need the money but at the same time I do not want to loose the interest that have been accumulated. Do you think it could work ?
- Is there any max limit for daily withdrawal online ?
Thank for your time.
0
Comments
-
No you don't have to put £12,000 in to get the bonus."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0
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There's no obligation to put £12K in at all, nevermind £24K.
Just withdraw your money and leave £1 in until your bonus period expires and then close the account.
The only obligation is that if you close the account before your bonus period expires, you lose the 2% bonus (so only get 2% instead of 4% on the whole balance).0
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