Regular Saver Thread **New and Restarted**

Big_W

adindas wrote: »

But I am not quite sure if you close it on 01/03/2018 in the morning or even before 17.00. Do they count the interest on that day ??

Can't help you with that one - I don't get fussed about one day's worth of interest at these rates and account balances....

AirlieBird

adindas wrote: »

But I am not quite sure if you close it on 01/03/2018 in the morning or even before 17.00. Do they count the interest on that day ??

If only they explained when interest was calculated in the T&C. Oh wait, they do.

bubieyehyeh

Does anyone know if you can get a NottinghamBS regular saver closed and get them to faster payment the balance on maturity without a visit to branch?

adindas

AirlieBird wrote: »

If only they explained when interest was calculated in the T&C. Oh wait, they do.

Why do not you quote it here ??
If everyone was asked to read the T&C and what is the forum for ??
Also, I never see a forum rule that someone wants to ask a question on MSE will need to read the whole T&C first.

T&C is not necessary a simple document and people who read it might have a misunderstanding or might miss the point. Also, it is not uncommon what they stated in the T&C is not applied in their computer algorithms, as in many business organisations those groups are in different divisions.

Sharing real experience will never ever be able to be replaced by the T&C.

But thanks anyway, it took me less than a minute to find this, using search without the need to read the whole T&C. But sometimes you do not have T&C handy.

9.1 "We will calculate interest on the cleared funds in your account at the end of each business day"

veryintrigued

bubieyehyeh wrote: »

Does anyone know if you can get a NottinghamBS regular saver closed and get them to faster payment the balance on maturity without a visit to branch?

Ive around 8 Notts BS RS and they are all branch and cheque withdrawal.

Which issue and what do your T&Cs state?

schiff

bubieyehyeh wrote: »

Does anyone know if you can get a NottinghamBS regular saver closed and get them to faster payment the balance on maturity without a visit to branch?

They would need you to produce the passbook for one thing. Wouldn't a phone call get you the answer?

mhoc

We had the letter today regarding the merger of Holmesdale and Skipton - October 1st being the merger date but no idea yet as to what will happen to the regular savers - both 4 and 5 still listed on their webpage but with very poor rates My issue 3 is 2.25% and matures in October

https://www.mortgagestrategy.co.uk/holmesdale-building-society-merge-skipton/

https://www.theholmesdale.co.uk/savings/regular-saver/

veryintrigued

mhoc wrote: »

We had the letter today regarding the merger of Holmesdale and Skipton - October 1st being the merger date but no idea yet as to what will happen to the regular savers - both 4 and 5 still listed on their webpage but with very poor rates My issue 3 is 2.25% and matures in October

https://www.mortgagestrategy.co.uk/holmesdale-building-society-merge-skipton/

https://www.theholmesdale.co.uk/savings/regular-saver/

https://forums.moneysavingexpert.com/discussion/5802875

mhoc

veryintrigued wrote: »

https://forums.moneysavingexpert.com/discussion/5802875

thanks

Q3. Will rates on savings or borrowing products be affected?
Savings and borrowing rates for members of the Holmesdale are expected to improve or remain unchanged, but will not worsen as a result of the merger

although as my regular saver 3 matures in mid October and the interest rates for 4 and 5 are below 2% I wont be reinvesting.

bubieyehyeh

veryintrigued wrote: »

Ive around 8 Notts BS RS and they are all branch and cheque withdrawal.

Which issue and what do your T&Cs state?

The sports aid one ends at end of March, and need to get the money out sharpish, but its maturing near Easter. I feared if only Cheque that might delay things further. I suspect a £4000ish cash withdrawl and pay-in at the bank might cause more issues.

I was going to ring tomorrow to ask, once the last payment would have cleared, but wondered if anyone knew.