Leeds BS Regular Saver saga

MARTYM8`

someone wrote: »

I got my passbook out to see if I had issue 2 or 3. It says on the cover "Investment Passbook" Maybe its because it is a Building Society?

If you turn to page 3 it probably says call the investment hotline if you want up to the minute information on investment interest rates. Its just a Leeds thing - everyone else uses savings.

Technically its a share account giving you membership - so in a sense you are investing in the board and directors very nice salaries which get voted through annually without much question!

On the issue of debate the Mansfield also closed one of their regular savers - but they allowed people to keep the accumulated balances at the old rate of 3.1% which is still unchanged now. They also explained you could open a later issue regular saver as well in the letter. Very decent in fact. Leeds - while understanding their position - have been a little underhand in not even mentioning the issue 3 account in their communications.

TheCrips

The fact you can't move money across is in my opinion disgraceful.

Halogen_2

Money being transferred today 2nd March but not in accounts till tomorrow. Another loss of interest.

Halogen_2

Money not in accounts until the day after payou

bristolleedsfan

Halogen wrote: »

Money not in accounts until the day after payou

Have Leeds B.S given anyone a reason for this?

MARTYM8`

Halogen wrote: »

Money being transferred today 2nd March but not in accounts till tomorrow. Another loss of interest.

I went into a branch and withdrew my funds in full today – they paid the annual interest with the bonus on 1 March.

For some weird reason from 1 to 3 March it remains the regular saver issue 2 – then tomorrow it moves to the new instant access tracker account.

All that has happened is that I have lost the 3% interest for one day – but by withdrawing today my cheques will clear by Thursday/Friday and I can pay them into other higher paying accounts before next weekend.

GreenBitterfly

I was asked for ID when closing my Regular Saver, just posting this to let others know, they might want to take ID with them when dealing with the account, saves a wasted journey!

alanq

GreenBitterfly wrote: »

I was asked for ID when closing my Regular Saver, just posting this to let others know, they might want to take ID with them when dealing with the account, saves a wasted journey!

I was asked for *two* forms of ID. I had my driving licence but they asked for a debit card as well. As I had left mine at home I then had to answer a number of security questions instead.

Milarky

My account's closing balance has now reached my bank safely (<2pm today) having requested this method of payment by following the online link given in the letter received.

I phoned up two days ago to check on amount of interest actually included in figure was as expected (all was OK there)

apt

For anyone still with £100 or more savings with the Leeds time to vote against the Board's AGM recommendations. No chance of defeating anything, but if they get a spike in no votes they may get the message.