Regular Saver Thread **New and Restarted**

adindas

patientperson wrote: »

Details of this account sent with maturity instructions relating to my Member Festive Fund account.

Limited Issue. Existing members only of 12 months or more.

Rate 2.50% - maximum pm £350 - maturity 31/10/2019.

Nothing on their website this morning

I got the same letter this morning.

Speculator

Got the letter too.

Looks like they need proof of ID to open one, even for existing customers. (Although it didn't ask for ID in the Letter)

The Maturity form is very badly written out. I will have to send a covering letter I think. There is no option to reinvest £350 into the Santa Saver and withdraw remaining balance by cheque.

https://imgur.com/a/mCMdu7G

Speculator

The maturity form asks for "Current employment status" including "name of employer", "address of employer", "Annual income" and "Other income" and to confirm where other income is from!

Why do they need this to open a simple savings account?

Steve_xx

Speculator wrote: »

The maturity form asks for "Current employment status" including "name of employer", "address of employer", "Annual income" and "Other income"

Why do they need this to open a simple savings account?

It's pretty obvious that they wish to target you with other products.

Speculator

Steve_xx wrote: »

It's pretty obvious that they wish to target you with other products.

Just wrote "Not working" and left rest blank. It's probably one of the worst Maturity instruction form I've ever seen.

veryintrigued

Speculator wrote: »

Just wrote "Not working" and left rest blank. It's probably one of the worst Maturity instruction form I've ever seen.

The 'Marital Status' and 'Relationship' boxes are just weird.

I replied 'Married' and 'Mostly happy'.

Steve_xx

Speculator wrote: »

Just wrote "Not working" and left rest blank. It's probably one of the worst Maturity instruction form I've ever seen.

Agreed. As a maturity form it's all over the place. I opted to go for the Loyalty Santa Regular saver, but when it came to the maturity instruction section I thought it looked ambiguous and ill-written. So I've left that bit blank and they can sort it out, or advise me how to!

Speculator

It even says "If employed or self employed for less than two years please provide previous job history"

Steve_xx

veryintrigued wrote: »

The 'Marital Status' and 'Relationship' boxes are just weird.

I replied 'Married' and 'Mostly happy'.

Yes quite, lord knows what relevance the latter box has. I left it blank.

Speculator

Steve_xx wrote: »

Yes quite, lord knows what relevance the latter box has. I left it blank.

I left it blank also. The form is really weird.

I am going to write a covering letter.