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Regular Saver Thread **New and Restarted**
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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.usrThe person I spoke to said a photocopy of my passport, no reference to it being certified so that was what I was going post.
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Hoping one of you will know the answer to this.
I had a 123 with Santander and decided to switch for a cash bonus from another bank. I have a few months before my Santander Regular saver (exclusive to 123 account holders which I no longer am) will mature or if I should just pull the money now. Does anyone know? I'm hoping that Santander will honour it automatically but I don't want to ask directly in case it triggers them not to mature it. Any thoughts?
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believeTdlm said:Hoping one of you will know the answer to this.
I had a 123 with Santander and decided to switch for a cash bonus from another bank. I have a few months before my Santander Regular saver (exclusive to 123 account holders which I no longer am) will mature or if I should just pull the money now. Does anyone know? I'm hoping that Santander will honour it automatically but I don't want to ask directly in case it triggers them not to mature it. Any thoughts?
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Tdlm said:Hoping one of you will know the answer to this.
I had a 123 with Santander and decided to switch for a cash bonus from another bank. I have a few months before my Santander Regular saver (exclusive to 123 account holders which I no longer am) will mature or if I should just pull the money now. Does anyone know? I'm hoping that Santander will honour it automatically but I don't want to ask directly in case it triggers them not to mature it. Any thoughts?
You save yourself the hassle of switch your main account while no need to worry about your RS.0 -
Virgin Money. Credit where credit is due: I posted my store RS passbooks (two) with w/d instruction paperwork, in their 1st class prepaid envelopes yesterday afternoon.
I had a call from their CS on my mob at 09:56 this morning saying I'd omitted to tick the closure box on one if that was what I wanted.
Clarified that was what I wanted.
I had a cup of coffee... started on the days finance jobs...and the funds had arrived in my nominated account at 10.15 am today.
Wow. :thumb:
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Hi Folks,Here is this weekend's update. I still cannot update the posts on the first page of this thread due to technical problems. I am considering colsten's suggestion of using Google docs. I would like to keep the posts easily accessible to everybody by having them directly on the forum so I am going to wait a bit longer for the forum to be fixed.I have noted that the following items need to change once I have the ability to edit the first posts on this thread:- Yorkshire BS Monthly Regular Saver Issue 2 replaced with Issue 3 and the only differences are that the interest rate has dropped to 2.1% and the amount you can pay in has increased to £300 per month- Santander Regular eSaver Issue 8 replaced with Issue 9 and the only difference is that the interest rate has dropped to 2%
- Tipton and Coseley Fixed Rate Regular Saver needs to move posts as there is now less than 12 months left to run on this account before maturity
- Nottingham BS Robin Hood Young Saver withdrawn and needs to removed from the relevant post on the first page of this thread
- Saffron BS 12 Month Fixed Rate Regular Saver Issue 4 withdrawn and replaced with Issue 5 paying 2.5%
- Saffron BS Small Saver (locals only) to be added to the list - https://www.saffronbs.co.uk/savings/immediate-access-savings-accounts/small-saver-gr4/
I will do the next update in 1-2 weeks' time.
SS2
For those new to this thread, the first few posts are constantly updated and are on the first page
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Just a note on Saffron, I have the 170th Birthday Reg Saver, however I have been able to open and fund a small saver (edit: I live in the postcode zone).0
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dcs34 said:Just a note on Saffron, I have the 170th Birthday Reg Saver, however I have been able to open and fund a small saver.0
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Can anyone help with my maths/logic on this?
I have £5000 to save. £1500 will go in a TSB current account to get 3%.
£300 a month will go in a First Direct RS at 2.75%
£500 a month will go in a Coventry BS RS at 2.5%
After 4 months of paying into the Coventry and 5 months of paying into the FD the £5000 will all be paid in. Am I right in thinking it’s better to lock money away in the Coventry at 2.5% sooner rather than leaving it at a measly 1.35% in Marcus for longer so I can put it in the FD at 2.75% later on, right? My brain is deserting me on the actual numbers but this feels right!0 -
Every day you have money in at 2.5% you'll earn more interest than at 1.35%. Ditto 2.75%.So if you are happy with the terms of a higher-rate account, dribble as fast as you are permitted.A point to note is that the FD is a fixed rate account - so wait and with rates falling, you might lose out !0
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