Regular Saver Thread **New and Restarted**

Sea_Shell

Sea_Shell wrote: »

My account is supposed to mature today. They sent me a letter of options, but basically said if you don't reply, it will convert to a standard savings account and your money will be available to transfer to your nominated account.

Should this happen today....any idea on timescales? Is it a case of keep checking to see when it's happened, or will it not happen until close of business today?

Anyone else got experience of this?

Cheers.:beer:

Just by way of an update. Monmouthshire RS (2.5%)

The interest was showing as credited by about lunchtime yesterday, but still showing as the RS account. This morning it had converted to a standard saver, so I have requested an electronic payment to my linked account first thing this morning for the whole balance....so we'll see when it arrives!!?

Sea_Shell

Sea_Shell wrote: »

Just by way of an update. Monmouthshire RS (2.5%)

The interest was showing as credited by about lunchtime yesterday, but still showing as the RS account. This morning it had converted to a standard saver, so I have requested an electronic payment to my linked account first thing this morning for the whole balance....so we'll see when it arrives!!?

It's arrived!!! @ 16:20. :j

Phew, for a minute there I thought it would get caught up in the weekend!

badger09

Sea_Shell wrote: »

It's arrived!!! @ 16:20. :j

Phew, for a minute there I thought it would get caught up in the weekend!

The :beer::beer: are on Sea Shell :j

1Foz

First Trust accepting mainland UK applications for its 2.75% reg saver - there is a however tho - you have to open a current account and send them copies of your passport / driving license + bank statement or utility bill. Given that you can deposit up to £500 per month it's a worthy consideration tho (with full FSCS protection).

Link : https://firsttrustbank.co.uk/our-products/savings-and-deposits/regular-saver

castle96

First Trust

you say "copies". Are these OK ? Site doesn't specify

Nick_C

1Foz wrote: »

First Trust accepting mainland UK applications for its 2.75% reg saver - there is a however tho - you have to open a current account and send them copies of your passport / driving license + bank statement or utility bill. Given that you can deposit up to £500 per month it's a worthy consideration tho (with full FSCS protection).

Link : https://firsttrustbank.co.uk/our-products/savings-and-deposits/regular-saver

Looks like a really good account, but according to the website it looks like you need to call into a branch to open an account, and all the branches are in NI

castle96

you can print an app. form and post, but they want ID. COPIES as prev stated, or (surely) originals ??

1Foz

https://firsttrustbank.co.uk/verification-of-identification

Yeah the Photo ID is gonna be a problem without being able to reach a branch. I don't think I'd send my Passport or Driving License in the post. I'd happily send them the headed letter or two i've got from HM Revenue & Customs, and back dated bank statements, but neither would satisfy photo ID of course. It does say on their to call them to ask if you're struggling to get the required ID.

I thought the government made a new passport system anyway that electronically links your photo from your driving license to your passport. So, surely they have access to that database. I'd have thought so at least. Pretty sure my replacement driving license came with my passport photo on it (without me sending anything).

Good account that though.

It does make me laugh sometimes though at how antiquated some banks/societies can be. Saying that, I probably wouldn't want to (potentially) lend someone money without seeing them first either, so I guess it is what it is.

polymaff

1Foz wrote: »

...It does make me laugh sometimes though at how antiquated some banks/societies can be.

Not a laughing matter. I recently had to download, print and send off a four page application to one of the newer banks. I forgot to make one selection, so they took a guess on my behalf - and got it wrong.

It has taken some time to - I hope - sort this out.

I only found out because my wife made the same mistake AND forgot to sign at one particular place (more than one signature required!). Both errors were noted by the bank and her forms were returned for correction whereas I received an "all correct" letter.


Which set me thinking...:(

adindas

castle96 wrote: »

you can print an app. form and post, but they want ID. COPIES as prev stated, or (surely) originals ??

I clicked "Apply via online Banking" from here

https://firsttrustbank.co.uk/our-products/savings-and-deposits/regular-saver

But they keep asking registration number whichh I do not have.

Does anyone know the link to download AF to be prirted and sent to them ??