Regular Saver Thread **New and Restarted**

Poor_Leno

had a reply from them. Apparently they neglected that they increased the pay-in on the account from 200 to 250 since the previous issue in their example and thanked me for my line of enquiry. Though, I don't think that equals 41.93 either, but I guess they can summarise things how they want!

eskbanker wrote: »

Why would you assume that you know what most of their customers do?

Fair point. I suppose some people probably would (for whatever reason) set their SO's for the last day of a month on a regular saver, and thus, in the month just gone would have had no August payment made.

dcs34

Tbf Saffron have a history of poorly calculating example interest amounts, I raised the same issue with the 170th Anniversary account

Fingerbobs

My Saffron RS is ending next month, and I received the notification email informing me that I can select my maturity instructions online.

However, the only option I am presented with is to transfer the entire balance at maturity into a new Regular Saver. I can't do anything else, so this is what I've selected, but surely that can't possibly work can it?

pdx123

Re. Monmouthshire Building Society

I opened a 3% Celebration Regular saver bond a couple of months ago and have just been in to open a 2.5% Regular saver bond - which I did.

Surprisingly I was also offered a 150th Birthday Regular saver bond paying 4% , so I opened one as well. Max. £150 a month, but it all helps.

adindas

Fingerbobs wrote: »

My Saffron RS is ending next month, and I received the notification email informing me that I can select my maturity instructions online.

However, the only option I am presented with is to transfer the entire balance at maturity into a new Regular Saver. I can't do anything else, so this is what I've selected, but surely that can't possibly work can it?

I just checked mine. I renewed it on May 2019.

You will need "Maturity Renewal Form" complete it and send back to them.

If you have the option to transfer the entire balance at maturity into a new Regular Saver, it is even better. The whole balance will earn 3.0 % and there is a possibility to withdraw money any time you want to :D:D
But you already recognise it might not be right.

I think the best thing to do is to call them and ask for "Maturity Renewal Form" to be sent to to you.

schiff

In their letter acknowledging my instructions how to deal with my proceeds from Issue 1, they said they were sorry that I didn't find a suitable destination with them for the funds. So I took a chance and sent them a secure message, saying that I would have happily started Issue 3, had I been allowed to do so but due to living a long way from a branch, I was not able to do so, as it was a branch only account.

Long story short I was allowed and my Issue 3 is under way. Not sure whether this was a personal favour and in view of the clash with the T&Cs I asked if it was OK to broadcast it. The reply:

"I have spoken to my manager about your query, we would be happy to process postal applications for the Regular Saver Bond @ 2.5% providing the customer is an existing customer.

For any new customers, they will still be required to open a Regular Saver Bond via branch or agency."

adindas

schiff wrote: »

In their letter acknowledging my instructions how to deal with my proceeds from Issue 1, they said they were sorry that I didn't find a suitable destination with them for the funds. So I took a chance and sent them a secure message, saying that I would have happily started Issue 3, had I been allowed to do so but due to living a long way from a branch, I was not able to do so, as it was a branch only account.

Long story short I was allowed and my Issue 3 is under way. Not sure whether this was a personal favour and in view of the clash with the T&Cs I asked if it was OK to broadcast it. The reply:

"I have spoken to my manager about your query, we would be happy to process postal applications for the Regular Saver Bond @ 2.5% providing the customer is an existing customer.

For any new customers, they will still be required to open a Regular Saver Bond via branch or agency."

I called them about four weeks ago they said they would come back to me. Never come back. With this news I will try again. This will be the right moment as some people might want to divert their money from LBG.

schiff

adindas wrote: »

I called them about four weeks ago they said they would come back to me. Never come back. With this news I will try again. This will be the right moment as some people might want to divert their money from LBG.

Ask them via secure message to send you an application form

soulsaver

schiff wrote: »

In their letter acknowledging my instructions how to deal with my proceeds from Issue 1, they said they were sorry that I didn't find a suitable destination with them for the funds. So I took a chance and sent them a secure message, saying that I would have happily started Issue 3, had I been allowed to do so but due to living a long way from a branch, I was not able to do so, as it was a branch only account.

Long story short I was allowed and my Issue 3 is under way. Not sure whether this was a personal favour and in view of the clash with the T&Cs I asked if it was OK to broadcast it. The reply:

"I have spoken to my manager about your query, we would be happy to process postal applications for the Regular Saver Bond @ 2.5% providing the customer is an existing customer.

For any new customers, they will still be required to open a Regular Saver Bond via branch or agency."

As previously said, that contradicts what they told me a few weeks ago when my RS iss 1 matured.

Yep, I'll try a secure message and will feedback result.

Do you also have the 'celebration' reg saver currently?

Poor_Leno

I've had a Saffron account open for ages just in case I ever needed to apply for its 3.5% (now 3%) saver. Unless they changed the terms, they allowed people outside the local area apply for that as long as you held an account with them for at least 6 months, so for ages I've had an easy access account open with £1 in it. If the rate's now dropped to 2.5% then I guess I'll need to look elsewhere when my nationwide saver stops, probably HSBC, which I didn't want to do as it means another sodding bank account!