Regular Saver Thread **New and Restarted**

adindas

If you read the previous post the problem is well known.
Did you login using Bank of Scotland or Halifax website.

If you open it from BOS try it from Halifax website

JamesRobinson48 wrote: »

!!!8220;Can anyone help please?
My Halifax RS matured last week, and I have been trying to open another one online but it has told me I am not eligible for another RS. Anyone have any idea why?"

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I had the exact same problem with Halifax a few months ago. In my case a solution was to have the matured RS account, with zero balance, redesignated as an instant access saver account. This was the work of a few keystrokes: no phone call was needed. Then I instantly applied for, opened and funded a new Halifax RS, without difficulty or delay.[/B]

Westie983

veryintrigued wrote: »

I meant this one for the chit chat stuff

http://forums.moneysavingexpert.com/showthread.php?p=11611167#post11611167

Ah right yes, sorry my mistake

Westie983

Westie983

JamesRobinson48 wrote: »

“Can anyone help please?
My Halifax RS matured last week, and I have been trying to open another one online but it has told me I am not eligible for another RS. Anyone have any idea why?"

---

I had the exact same problem with Halifax a few months ago. In my case a solution was to have the matured RS account, with zero balance, redesignated as an instant access saver account. This was the work of a few keystrokes: no phone call was needed. Then I instantly applied for, opened and funded a new Halifax RS, without difficulty or delay.[/B]

While it still shows as a regular saver on your internet banking you wont be able to open a new one, when the money has been transfered out and changed to a instant access account you will then be able to open a new one.

You will need to visit a branch if you want to close the RS down, and remove it from your internet banking.

Telephone Halifax and ask when it will show as an instant access account? once the account is empty. While it still has funds in it wont allow you to open a new one.

This is the same procedure for many banks Regular Savers, Santander and HSBC first comes to mind.

Westie983

Westie983

Does anyone here still hold the Buckinghamshire RS?

I have been funding it each month since late 2016 and I notice on the website that it is now a closed account....

Do you know when it 'matures' or do I just keep going?

I know other accounts like Leeds, let me know when they are stopping payments in, but not heard from Bucks about their account. Simple Regular Saver Issue 3 is now visible on their accounts.

Westie983

AirlieBird

welshmoneylover wrote: »

Can anyone help please?
My Halifax RS matured last week, and I have been trying to open another one online but it has told me I cam not eligible for another RS. Anyone have any idea why?
I am sure in the past I have been able to open another RS with them.

JamesRobinson48 wrote: »

I had the exact same problem with Halifax a few months ago. In my case a solution was to have the matured RS account, with zero balance, redesignated as an instant access saver account. This was the work of a few keystrokes: no phone call was needed. Then I instantly applied for, opened and funded a new Halifax RS, without difficulty or delay.[/B]

I don't have this account so I will bow to those with experience of the account, but I have been looking at it recently and I thought the Halifax RS was automatically renewed so you didn't need to open a new one?

From the T&C
After 12 months:
We'll transfer your savings and interest to the account you chose. This will happen each year on the day after the anniversary of your Regular Saver account opening. (See Section M for more detail on what happens if that anniversary is a non-working day.) Your monthly payments into your Regular Saver account will continue, and will earn interest at the Regular Saver rate that applies at the time. (emphasis mine)

Steve_xx

AirlieBird wrote: »

I don't have this account so I will bow to those with experience of the account, but I have been looking at it recently and I thought the Halifax RS was automatically renewed so you didn't need to open a new one?

From the T&C
After 12 months:
We'll transfer your savings and interest to the account you chose. This will happen each year on the day after the anniversary of your Regular Saver account opening. (See Section M for more detail on what happens if that anniversary is a non-working day.) Your monthly payments into your Regular Saver account will continue, and will earn interest at the Regular Saver rate that applies at the time. (emphasis mine)

It isn't automatically renewed.

Kleb

Steve_xx wrote: »

It isn't automatically renewed.

Ermm...

When my RS was about to mature I got a letter from Halifax. The 2nd paragraph begins:

'We'll automatically renew your regular saver for another year and you can continue to make monthly payments into this account. Your existing account currently pays a fixed interest rate of 2.50% gross/AER. When we renew your account and move your money, you'll get the interest rate available on that date, which may be different.'

Steve_xx

Kleb wrote: »

Ermm...

When my RS was about to mature I got a letter from Halifax. The 2nd paragraph begins:

'We'll automatically renew your regular saver for another year and you can continue to make monthly payments into this account. Your existing account currently pays a fixed interest rate of 2.50% gross/AER. When we renew your account and move your money, you'll get the interest rate available on that date, which may be different.'

Apologies. I can't remember this happening to mine. But maybe I had assumed that it was only a 12 monther and so only funded it until then!

welshmoneylover

AirlieBird wrote: »

I don't have this account so I will bow to those with experience of the account, but I have been looking at it recently and I thought the Halifax RS was automatically renewed so you didn't need to open a new one?

From the T&C
After 12 months:
We'll transfer your savings and interest to the account you chose. This will happen each year on the day after the anniversary of your Regular Saver account opening. (See Section M for more detail on what happens if that anniversary is a non-working day.) Your monthly payments into your Regular Saver account will continue, and will earn interest at the Regular Saver rate that applies at the time. (emphasis mine)

Thank you, I think I have twigged it finally!
The RS is still showing as open, however, as the last one closed after I put March’s deposit in, I won’t be able to start putting in the new payments until April.
My ta-da moment!!

interest_Ted

Westie983 wrote: »

Does anyone here still hold the Buckinghamshire RS?

I have been funding it each month since late 2016 and I notice on the website that it is now a closed account....

Do you know when it 'matures' or do I just keep going?

I know other accounts like Leeds, let me know when they are stopping payments in, but not heard from Bucks about their account. Simple Regular Saver Issue 3 is now visible on their accounts.

Westie983

Would this be the Chiltern Gold Builder ? They froze the account at the end of Oct 2014 and after some changes to interest rates, they allowed a resumption of deposits at start of Sep 2016 and changed T&C to permit unlimited withdrawals. Monthly payments can be between £25 and £250 but must be same each month with no top ups. Monthly payment can be changed only once per annum and then must stay same for rest of that calendar year. Current interest rate is 2.00% (eff 01 Dec 2017). I assume they made it a closed issue at Oct 2014, but they did not say in so many words. But as of Sep 2016, it can continue to be operated by those who held onto it when it was frozen. So no - no maturity date - just keep going.

Ted