Regular Saver Thread **New and Restarted**

Gers

ColdIron wrote: »

From memory you can close a matured RS from Lloyds OLB. TSB requires a branch visit

My Lloyds Club RS matured today - it had been converted to an Easy Saver. I transferred the monies away from Lloyds by OLB and then closed the ES account (options on the right hand side of the screen) and now it no longer shows online.

badger09

etienneg wrote: »

Does this comment refer just to closing Lloyds accounts or TSB accounts as well? (OP was asking about both.) If both, could you possibly give more detail as to how to do this, please, as I have unused accounts that I just cannot find how to close online?

Apologies. I'd missed the reference to TSB:o

Unless its changed recently, it isn't possible to close TSB accounts online.

polymaff

badger09 wrote: »

Apologies. I'd missed the reference to TSB:o

Unless its changed recently, it isn't possible to close TSB accounts online.

It hasn't changed as of the weekend; nor can you close them over the 'phone!


Totally Shambolic Banking.

xylophone

nor can you close them over the 'phone!

Just switch on line to another of your bank accounts?

Vortigern

badger09 wrote: »

Apologies. I'd missed the reference to TSB:o

Unless its changed recently, it isn't possible to close TSB accounts online.

I was told by TSB that I could ring and ask for an account closure pack. They would post this to me and I would have to post it back.

They said not allowing online closures is a policy decision.

I'll just leave the accounts empty till they go dormant.

20SmthngSver

I unexpectedly reserved a house yesterday and I'll need to get funds out of some Regular Savers. I know I can close my Nationwide Flex Regular Saver and First Direct Regular Saver before 12 months, but didn't know if they apply a lower rate of interest for doing so?

polymaff

xylophone wrote: »

Just switch on line to another of your bank accounts?

Now that's a good idea. How to make TSB work - in spite of TSB ..:(

Not for savings accounts, though?

adindas

Vortigern wrote: »

I was told by TSB that I could ring and ask for an account closure pack. They would post this to me and I would have to post it back.

They said not allowing online closures is a policy decision.

I'll just leave the accounts empty till they go dormant.

Will it automatically be closed if you let it dormant with NIL balance for a year (say) ?.
Some people here prefer not to engange with TSB in person.

typistretired

My first direct regular saver matured today however when I logged in today there was no sign of the matured funds. The good thing is I have been able to open another regular saver straight away while I wait for my matured regular saver with interest to show in my accounts. Change from last year when you could see the matured regular saver with interest but could not access them until they moved to an easy access savings account. I have an easy access savings account but they have not arrived there yet.

karlie88

adindas wrote: »

Will it automatically be closed if you let it dormant with NIL balance for a year (say) ?.
Some people here prefer not to engange with TSB in person.

3 easy savers here with £0. Oldest one has had no activity for just under 2 years. Daren't contact them, daren't go to a branch...I'm happy with my easy savers as they are. :cool:

typistretired wrote: »

My first direct regular saver matured today however when I logged in today there was no sign of the matured funds. The good thing is I have been able to open another regular saver straight away while I wait for my matured regular saver with interest to show in my accounts. Change from last year when you could see the matured regular saver with interest but could not access them until they moved to an easy access savings account. I have an easy access savings account but they have not arrived there yet.

Money should appear tomorrow or Thurs. Likewise your new reg saver will take a couple of days to appear. HSBC is even slower. Note: whilst you think you've opened your reg saver today, it's not actually opened until someone deals with your application...so could be opened tomorrow or Thurs (you can tell from your first £300 transfer from your 1st account).

One year my reg saver matured on Sat, opened new account online on Sat, new reg saver actually opened on Wed.

The problem with leaving them to mature automatically/opening a new one online means you will 'lose' out on a few days every year. It's particularity annoying if your reg saver matures on a weekend/bank holiday.

The only way to have the matured funds ready on the day with a new reg saver opened on the same day is to phone them, but it takes a good 20 minutes+ of your time.

Can't grumble though..it's a 5%er.