Regular Saver Thread **New and Restarted**

apt

Leeds BS are now onto issue 13 of their regular saver. Maturity date 28 February 2019. Same rate. http://www.leedsbuildingsociety.co.uk/savings/regularsaver/regular-saver/

where_are_we

2.55% AER is a reasonable interest rate. Unfortunately £3000 is the maximum deposit unlike the early issue which had a maximum deposit of £6000 which you could run for almost 24 months.

Vortigern

apt wrote: »

Leeds BS are now onto issue 13 of their regular saver. Maturity date 28 February 2019. Same rate. http://www.leedsbuildingsociety.co.uk/savings/regularsaver/regular-saver/

Issue 13 is not available to holders of issues 5-12 inclusive

Special_Saver2

Hi Everybody,

I have made the following changes for this weekend's update.

- Virgin Regular Saver issue 8 replaced with issue 9, which has a maturity date of 1st April 2019
- Lees BS Regular Saver issue 12 replaced with issue 13, which has a maturity date of 28th February 2019

I will do another update next weekend.

SS2

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

molerat

apt wrote: »

Leeds BS are now onto issue 13 of their regular saver. Maturity date 28 February 2019. Same rate. http://www.leedsbuildingsociety.co.uk/savings/regularsaver/regular-saver/

What are Leeds like for on line management and withdrawals for these accounts ? Their T&Cs and website seem very non committal and with my nearest branch being 70 miles away I don't really want to be stuck with postal.

mgarl10024

molerat wrote: »

What are Leeds like for on line management and withdrawals for these accounts ? Their T&Cs and website seem very non committal and with my nearest branch being 70 miles away I don't really want to be stuck with postal.

Not great.
If an account is maturing, you can supply details in advance and on maturity you get a free electronic transfer - in the past it has worked fine for me.
Outside of this, it's trickier. I don't think you can withdraw online as I've had to fill in a form, and there's a charge for electronic withdrawals (free if you'll accept a cheque).
My experience is that they tend to be very bureaucratic and paper driven which is disappointing given their size.

glider3560

molerat wrote: »

What are Leeds like for on line management and withdrawals for these accounts ? Their T&Cs and website seem very non committal and with my nearest branch being 70 miles away I don't really want to be stuck with postal.

Leeds BS shut their branches, call centre and online service for the whole of this weekend to upgrade their IT system. There's a new online service, which hopefully will provide more services than previously.

I notice that in the newer issues, they stopped issuing passbooks, so hopefully these accounts will become managable fully online.

Ken68

I'm surprised that so may posters are still doing regular savings, considering that NH&I are doing a 2.2% with minimal withdrawal penalties.

glider3560

Ken68 wrote: »

I'm surprised that so may posters are still doing regular savings, considering that NH&I are doing a 2.2% with minimal withdrawal penalties.

There's a 90 day interest penalty on withdrawals. I guess it depends on your priorities and personal circumstances, as to which account works out best.

Steve_xx

Ken68 wrote: »

I'm surprised that so may posters are still doing regular savings, considering that NH&I are doing a 2.2% with minimal withdrawal penalties.

Don't be too surprised. The NSI options tie you up for 3 years and @ 2.2% it may be too long, given that rates are looking as though they are on the way up.