Regular Saver Thread **New and Restarted**

ctdctd

surreysaver wrote: »

How easy is it to get at you money once its matured? I don't live locally - don't mind travelling to open it, or even to withdraw money once its matured, but it might be a while sitting at 0.10% or whatever until I get the chance to travel to a branch unless I can withdraw over the phone or online?
It'll cost me nothing to travel to a branch (the job I work in affords me free travel), but the time to do so is another matter!

Once opened in branch, you can manage by post to head office including withdrawal or closure. They don't have any online access for their branch products.

adindas

Has anyone managed to you open YBS Monthly Regular Saver i2 if you already have I1

From this link below I could not see any restriction for this
https://www.ybs.co.uk/savings/product.html?id=YB570465B

thanks

adindas

I undersatnd the previous issue of Halifax Regular saver : No withdrawal. But early closure is allowed.


There is a new REgular saver paying a better interest rate of 2.5%

https://www.halifax.co.uk/savings/accounts/fixed-term/regular-saver/#



Has anyone manged to close the oldRS and open a new one immediately to get a better interest rate ? Thanks

glider3560

adindas wrote: »

I undersatnd the previous issue of Halifax Regular saver : No withdrawal. But early closure is allowed.


There is a new REgular saver paying a better interest rate of 2.5%

https://www.halifax.co.uk/savings/accounts/fixed-term/regular-saver/#



Has anyone manged to close the oldRS and open a new one immediately to get a better interest rate ? Thanks

It has been paying 2.50% for quite some time. I opened one in January 2018 at that rate.

johnmoney05

adindas wrote: »

I undersatnd the previous issue of Halifax Regular saver : No withdrawal. But early closure is allowed.


There is a new REgular saver paying a better interest rate of 2.5%

https://www.halifax.co.uk/savings/accounts/fixed-term/regular-saver/#



Has anyone manged to close the oldRS and open a new one immediately to get a better interest rate ? Thanks

The old one is the same 2.5%. What is the point to close it?

glider3560

adindas wrote: »

Is it possible to close the old one with no penalty and immediately open the new one ? thanks

It depends which old one you have. You'll have to check the conditions.

pafpcg

adindas wrote: »

Has anyone managed to you open YBS Monthly Regular Saver i2 if you already have I1

Yes! And we used the passbooks for the earlier regular saver to check for membership details.

surreysaver

johnmoney05 wrote: »

The old one is the same 2.5%. What is the point to close it?

I had one paying 2% which matured last month, so it started paying 2.5% sometime within the last year

surreysaver

adindas wrote: »

Is it possible to close the old one with no penalty and immediately open the new one ? thanks

Surely your old one must be maturing soon? I think you can close the old one if you like, but the penalty will be you cannot open a new one until a year after you opened the old one.

karlie88

surreysaver wrote: »

Surely your old one must be maturing soon? I think you can close the old one if you like, but the penalty will be you cannot open a new one until a year after you opened the old one.

Despite this term, my understanding is that you can open a new one within those 12 months.

Having said all that, if your account is due to mature within the next couple of months @ 2% then surely it's worthwhile to keep it open up until maturity - unless they pay interest correctly up until day of closure?