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Regular Saver Thread **New and Restarted**
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What a pig this new MSE is! I composed something in reply to polymaff in the normal way I was familiar with and it has not turned up; and it's too long to re-write. Ignore the last two of mine
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schiff said:What a pig this new MSE is! I composed something in reply to polymaff in the normal way I was familiar with and it has not turned up; and it's too long to re-write. Ignore the last two of mineI've got one of these Builder accounts - to pay off a stooz in October 2021. I've not fully researched it yet but they have well-defined dates from which a month runs to and from. By withdrawing the bulk of the balance the day after the monthly interest is credited, waiting a month and re-depositing I think you can keep it going, only sacrificing a month's interest, which I assume you will be able to claw back the bulk of the loss in an account paying 1% to 1.3% where you store the withdrawn funds.
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Move the cursor outside the quote box... I don't know why it defaults to inside.0
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soulsaver said:schiff said:What a pig this new MSE is! I composed something in reply to polymaff in the normal way I was familiar with and it has not turned up; and it's too long to re-write. Ignore the last two of mineI've got one of these Builder accounts - to pay off a stooz in October 2021. I've not fully researched it yet but they have well-defined dates from which a month runs to and from. By withdrawing the bulk of the balance the day after the monthly interest is credited, waiting a month and re-depositing I think you can keep it going, only sacrificing a month's interest, which I assume you will be able to claw back the bulk of the loss in an account paying 1% to 1.3% where you store the withdrawn funds.
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Not if closure is the day of the interest credit, or the day after.2
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Monthly cycle: closure of business on the 2nd last day business day of month one, to close of business on the 2nd last day business day of month two.
Interest paid on the first working day of the month.
Roughly from the T&Cs
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I am opening a regular saver account by post as the nearest branch is too far to drive. They have asked for for a copy of my passpost as proof of ID. I am concerned about posting a copy of my passport. any suggestions how I can protect myself in the event of the application going astray whilst meeting the ID requirements.
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littlemoney said:I am opening a regular saver account by post as the nearest branch is too far to drive. They have asked for for a copy of my passpost as proof of ID. I am concerned about posting a copy of my passport. any suggestions how I can protect myself in the event of the application going astray whilst meeting the ID requirements.
If former, then Royal Mail Special Delivery. Signed For is a cheaper option but comes with less insurance. Building Society will probably post it back via standard mail though.
If latter, get it certified at a Post Office or a solicitor. For guidance my solicitor charges £10 per document.
Obviously these costs should be factored in when opening a RS.:grouphug:Official MSE canny forumite and HUKD VIP badge member
:grouphug:
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karlie88 said:littlemoney said:I am opening a regular saver account by post as the nearest branch is too far to drive. They have asked for for a copy of my passpost as proof of ID. I am concerned about posting a copy of my passport. any suggestions how I can protect myself in the event of the application going astray whilst meeting the ID requirements.
If former, then Royal Mail Special Delivery. Signed For is a cheaper option but comes with less insurance. Building Society will probably post it back via standard mail though.
If latter, get it certified at a Post Office or a solicitor. For guidance my solicitor charges £10 per document.
Obviously these costs should be factored in when opening a RS.0
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