Regular Saver Thread **New and Restarted**

adindas

JamesRobinson48 wrote: »

Actually, in my experience Earl Shilton BS was one of the easier ones. I sent them originals of a letter from HMRC and a utility bill. That fully complied and they were perfectly happy. Similar for Scottish BS. But for Coventry BS I am stuck: I'll need to wait until January, when my travels will take me near one of their branches.

Just the opposite with me then, as I managed to open Coventry Rs online but get stuck with ID verification with ESBS & Scottish BS.

Regarding Scottish BS I actually already had account with them a few years ago, but I already close it.

Another good example how random the bank verification could be. It is probably something to do with the person who handle your application. Some of them are lazy incompetent to verify online.

Rich2808

ColdIron wrote: »

My doctor charged me £33

Where does he work – Harley Street? What a disgrace if they are an NHS GP!
My local solicitor charged me £10 for certifying a legal document.

polymaff

Rich2808 wrote: »

Where does he work – Harley Street? What a disgrace if they are an NHS GP!
My local solicitor charged me £10 for certifying a legal document.

Never had a problem - but I do go out of my way to cultivate a good relationship with the local branch managers of one-time or current building societies.

The one time I really needed a solicitor's witness signature I paid the same fee as you did for the services of my regular - and, incidentally, completely blind - solicitor.

castle96

A blind solicitor ! Have dealt with them for 40 years. They all have a problem of some sort!

schiff

schiff wrote: »

In case it's of any use:

They do a FP or a cash withdrawal over the counter up to £5000 with a minimum of 48 hours notice.

If you are are closing the account (as I am) the book etc is then sent to HO to recalculate the bonus and the remaining balance is posted by cheque. The branches can't close the account while you wait (unlike Virgin for example).

Obviously I was aiming for the earliest date for my money to be earning interest but that seemed to be the best I could achieve.

Update: visited the branch on Monday, they did a £10K faster payment (better than I had been told by phone!), the cheque for the balance with the interest and bonus added was received yesterday (Wednesday) in sufficient time to be banked the same day! I don't think that could have been bettered, so well done little Leek!
I had always looked on the Leek RS as one of my little ones but the final interest etc of £218 far exceeded anything I've ever received before on a RS, not even three figures. The benefits of £500 pm and the facility of making 21 months of deposits.

schiff

JamesRobinson48 wrote: »

That's great! But, if you want to promptly recycle your Leek proceeds into other RSAs, methinks you'll need to compromise on your oft-stated 2.50% benchmark ...

I'm having a sabbatical for the next few months, thinking about halving my mortgage and clearing some stoozes when they reach the end. The 20% tax on the top slice of my interest is a deterrent.

It'll be alright with a Corbyn majority, I'll just get a new mattress

Spir4

Apologies if this has already been asked before, but I was wondering if you can open multiple same savings accounts with an interesting interest rate, but who have a max pay in. For example the HSBC one has a rate of 2.75%, and a max pay in of £250. Can you open two of those accounts so you can basically save £500 with that same rate?

eastofeden

No, just one in the example you cite. You can, however, have several regular savers at that rate, HSBC, M and S, First Direct, Principality. You will need to research carefully the requirements for each account!

Eco_Miser

Additionally, some institutions, notably Virgin, open new issues, often with the same rate, fairly often. You can usually subscribe to each issue. but check the T&Cs.

Spir4

Thanks guys !!