Regular Saver Thread **New and Restarted**

Westie983

Deleted_User wrote: »

Received my maturity cheque today, £4,262.44. Lodged in bank this morning, will clear by midnight tomorrow, then I can move it to savings and earn some interest.

Question on the new Chorley Members RS Issue 2: I posted my application form, along with cheque for the initial deposit of £250, on 21 May along with maturity instruction form for the one which has just matured. The new one doesn't start until 1 July, so am I safe to assume that my cheque won't be cashed until then?

Hi,

I had my cheque and passbook back for Issue 1 and I got a phone call on Wednesday about the Issue 2 and they just ran through the details and what was the amount of the cheque and confirmed that my application will be put with the others ready for 1st July so they won't be cashing the cheque till then.

Westie983

No_Name

I have an Advance account with HSBC and my preferential regular saver matured over the weekend.


However, I'm still unable to apply for a new one.


How long does it take to change before I can apply?

Fingerbobs

No_Name wrote: »

I have an Advance account with HSBC and my preferential regular saver matured over the weekend.


However, I'm still unable to apply for a new one.


How long does it take to change before I can apply?

Mine matured last month, and it was at least the 4th working day following maturity before I was able to open a new one. In fact, because this delay had pushed the date so close to the month end, I decided to wait until this month to open the new one.

I submitted the application on 4th of this month, early afternoon, and received a text message on 7th to say they were processing my application, but as of today there's still no sign of the new account on online banking.

schiff

It's surprising that a huge outfit like HSBC can't match little Chorley Building Society and others for efficiency in starting a new RS after a maturity!

polymaff

HSBC doesn't give a toss about its retail banking sector.


And who is to say they are wrong?

schiff

polymaff wrote: »

HSBC doesn't give a toss about its retail banking sector.
And who is to say they are wrong?

As long as they continue to pay 5% on the RS I will love them to bits

N1ckS

HSBS customer service is quite amusingly terrible. My regular saver was available to view in online banking from the 6th. Today I receive a text saying that they're in the process of opening it and I'll be informed by post within 14 days when completed. :laugh:

fiestaman87

No_Name wrote: »

I have an Advance account with HSBC and my preferential regular saver matured over the weekend.


However, I'm still unable to apply for a new one.


How long does it take to change before I can apply?

I'm in the same boat.

My HSBC Pref Regular Saver matured on Sunday and I've now moved the bulk of it to a newly opened Nationwide Flexdirect account.

I want to open a new one but was told that I cannot until I've had my closing statement by post. Given that they knew when it would mature when I opened it a year ago I cannot understand why this cannot be done straight away.

For info: my online and mobile banking summary has shown the account as now having an interest rate of 0.2% since Sunday. It didn't take long for them to change that strangely enough...:rotfl:

polymaff

I've tried to get HSBC to follow the procedure which Santander and LBG now - at last - follow, which is to allow the regular saver and SO to roll over. Looking back I see that the HSBC renewal date has crawled slowly forward through November over the years. Sometimes though the account has been quite promptly opened - and I think that was when I opened it by telephone.


So, general question: How did you open yours, online or via the telephone?

OceanSound

How do we pay in money to Halifax Regular Saver?

I opened account on 31 May 2019. It shows up on my online banking. I don't remember setting-up a standing order.

Checked standing orders (SO's) active on Reward current account and it dosen't show any SO's.