Saving for Xmas 2017 - A pound a day

triple_choc_chip

I've had fun shopping today, triple nectar points and double boots points on top of offer points and my total has jumped to:
#3 £131/£650

roxy7699

Number 47 checking in with £77/£365

Chappie77

Hi all!

#71 putting in £9 from last week

Chappie x

January2015

I know we've mentioned the change in the £1 coins and what banks will or perhaps won't do after 15th October 2017. Just thought it might be useful to post a link to the MSE team blog on this and the info they got when they checked with banks on what they will do after 15th October, specifically

Many banks and building societies have told us they will continue to accept the old pound coin even after 15 October. But all those we asked, including Barclays, HSBC, Lloyds/Bank of Scotland, Nationwide, RBS and Santander, said they’d only do this for their own customers.

We have a long way to go to October yet though :beer:

January2015

Westie983 wrote: »

But the banks will so really no reason to panic, I took in £1000 in old £20, £10 and £5 yesterday, years after they were removed circulation.

According to the MSE Team Blog there's a difference between coins and notes and it's about who produces them and notes hold their value for all time:

What about old fivers – aren’t they also being scrapped?
That’s right. The shiny new plastic fivers are already in circulation, and the older, larger fiver is leaving us even sooner than the pound – the withdrawal date’s set for 5 May.
Now technically, unlike the pound coin, the £5 banknote is produced by the Bank of England and not the Royal Mint. This means that, even after it’s been scrapped, the old fiver is covered by what’s effectively a Bank of England ‘buy back guarantee’ – old banknotes officially hold their face value “for all time”.

Westie983

January2015 wrote: »

According to the MSE Team Blog there's a difference between coins and notes and it's about who produces them and notes hold their value for all time:

What about old fivers – aren’t they also being scrapped?
That’s right. The shiny new plastic fivers are already in circulation, and the older, larger fiver is leaving us even sooner than the pound – the withdrawal date’s set for 5 May.
Now technically, unlike the pound coin, the £5 banknote is produced by the Bank of England and not the Royal Mint. This means that, even after it’s been scrapped, the old fiver is covered by what’s effectively a Bank of England ‘buy back guarantee’ – old banknotes officially hold their face value “for all time”.

I am aware of this, thanks though...

January2015

Westie983 wrote: »

I am aware of this, thanks though...

I think people will still be able to change the coins for some considerable time after October 2017 though.

I will definitely need a window after October to change some of mine - I found a £1 coin down the side of the sofa last week and also one under the bed in the spare room......clearly the little so and so's are preparing early and going into hiding now :rotfl:

monz

Need to check my fivers now lol!

monz

Replaced money I had to borrow out. And paid extra in. At £94.

Thanks no 35 xx

Ellieseleven

IrishRose12 wrote: »

Haven't been able to get on here for a while but I'm still saving!

#66: £50/£365

Now I need to find a new tin to put my money in as I've to change the £1 coins I've been putting in:mad: Not a happy bunny as it is one of those ones you have to break to open and I refuse to buy another one to put new money in

I wish I'd known about all this before I'd started as I wouldn't have put in coins at the start:mad:

Looks like the banks will take £1 coins after October 15 so shouldn't be a problem after all:o


Ellie x