Regular Saver Thread **New and Restarted**

Special_Saver2

Hi Folks,

I have updated the following:

- Added in the Loughborough BS Save to Buy account in post 2 as it seems to have no maturity date and no particular limitations (does not require you to take out a mortgage with them or any other account); pays 3% variable on up to £500 per month, max balance £24,000

I will do another update next weekend.

SS2

---

For those new to this thread, the first few posts are constantly updated and are on the first page

JamesRobinson48

At long last, Nottingham BS has just announced a new RSA: the "Member Rewards Regular Saver". However, at a far from generous 1.60% rate, this one certainly doesn't interest me.

[Deleted User]

I was lucky enough to get my online application in before this method of applying was pulled. Posted my cheque for £300, with signed application form, on Wednesday 24 April, using reply paid envelope supplied. Received my passbook, and welcome pack, in the post this morning (Saturday 27 April). Very quick service. Initial deposit is logged in the passbook as 25 April 2019, so I assume that maturity date will be 25 April 2020 (but not confirmed in the letter accompanying the passbook, which would have been helpful).

No business card of the letter signatory attached to the welcome pack, as the letter states. Minor black mark there. Also, no details of the bank account for making deposits either in the passbook or in the accompanying letter. You have to look to paragraph 18 (page 7) in the "General Terms and Conditions for Savings Accounts" to find these details.

20SmthngSver

JamesRobinson48 wrote: »

At long last, Nottingham BS has just announced a new RSA: the "Member Rewards Regular Saver". However, at a far from generous 1.60% rate, this one certainly doesn't interest me.

I wish they'd re-launch their Tigers, Go for Gold or Sports Regular Savers, when they were 3%-4%.

20SmthngSver

Special_Saver2 wrote: »

Hi Folks,

I have updated the following:

- Added in the Loughborough BS Save to Buy account in post 2 as it seems to have no maturity date and no particular limitations (does not require you to take out a mortgage with them or any other account); pays 3% variable on up to £500 per month, max balance £24,000

I will do another update next weekend.

SS2

---

For those new to this thread, the first few posts are constantly updated and are on the first page

I thought about reducing down two of my regular savers to minimum to in order to open this but I think I'll leave it. They are both £200 each and so this would mean more of a commitment, and I'm already stretching myself with 5 regular savers. Also, it says it can only be closed at their head office.

Good account though. If I had a spare £500 a month I'd definitely open it because of the compounding over four years.

Stompa

Deleted_User wrote: »

No business card of the letter signatory attached to the welcome pack, as the letter states. Minor black mark there. Also, no details of the bank account for making deposits either in the passbook or in the accompanying letter. You have to look to paragraph 18 (page 7) in the "General Terms and Conditions for Savings Accounts" to find these details.

I didn't get the business card either. But I did get an orange leaflet entitled 'Frequently Asked Questions about your Account', which included (on the back page) details of the bank account to make deposits.

[Deleted User]

Stompa wrote: »

I didn't get the business card either. But I did get an orange leaflet entitled 'Frequently Asked Questions about your Account', which included (on the back page) details of the bank account to make deposits.

I didn't get the FAQ leaflet. :mad:

20SmthngSver

Can someone confirm that you can close the Loughborough BS RS by post? I live nowhere near a branch and the Summary Box says that closures have to be made at head office? Seems a bit odd if so.

schiff

I'm trying to set up a standing order for the new account. I have a choice of banks but today Bank of Scotland it is; I'm winding down my balance there, and this is one way.

And I'm entangled once again in Bank of Scot's ridiculously complex way of doing it. I've set them up before at this bank, how I achieved it before is a mystery! You have to let them guess which payee you are looking for by entering the first few letters of the payee's name. I enter Monmouthshire Building society - too many letters. So I try some variations - Monmouth Bui - I'm offered Monmouth County Council. And others - all not recognised. So I find out on Google whose sort code it is, and it's HSBC. So I enter the sort code and account number for Monmouth but with the money heading to HSBC. It works! But then I get nervous. Will it get to where I want it to go?

glider3560

I've spotted the caveat with the Loughborough Building Society Save to Buy.

From https://www.theloughborough.co.uk/help-and-guides/savings-questions-answered

Our Savings accounts are only available to those in our local area (postcodes LE, NG, DE) or existing members.