Regular Saver Thread **New and Restarted**

patientperson

Normally Monmouthshire BS restrict products to those living in Wales or existing members.

There is something not quite right though as both sets of criteria are not the same.

Main description of Saver Plus .. This account can only be opened by new customers who live within the following postcode areas: NP, CF, SA, LD, WR, GL, HR, BS, BA, SN, RG, OX, SY and TA. Existing Society customers may open this account.

Online application: his account can only be opened by new customers who live within the following postcode areas: NP, CF, SA, LD, WR, GL, HR & BS. Existing Society customers may open this account.

A word of caution .. Online for Monmouthshire involves completing the application which is submitted to the BS. The form is then sent back to the applicant for signature so not quite true online.

87matchstick

Anyone able to help on my query above? Thank you !!!55357;!!!56842;

colsten

87matchstick wrote: »

Hi all,

My £500 a month regular saver with Nationwide flexplus matures on 17th June. I want to switch to Natwest platinum with their £100 up front and bills cash back (I want the insurance etc which works out similarly for what I use, plus the tastecard and national trust are nice perks).

What I wanted to ask was what will happen if I make the switch on June 15th in terms of the Nationwide regular saver? Will I earn interest up to that point (missing out on only a couple of days worth), or is the reality that the switch will probably take long enough for the regular saver to have matured on the 17th by then? Or do I lose the lot (surely not!)?

Any help appreciated

What did Nationwide say when you asked them? Any particular reason for the urgency? Why does your switch have to be completed on a Friday, and why can't you wait until the following Monday?

AirlieBird

colsten wrote: »

What did Nationwide say when you asked them? Any particular reason for the urgency? Why does your switch have to be completed on a Friday, and why can't you wait until the following Monday?

I assume he wants to take advantage of the switch bonus which closes on 15 June.

glider3560

You can only transfer money to other Nationwide accounts online for the Flex Regular Saver. Once the current account is closed, you won't be able to withdraw the money unless you open another Nationwide account or go to a branch.

solartom

Re Ford RS
Interest payment arrived today for first RS just a couple of days after maturity

youngretired

The Nationwide T&C's indicate that you can have the funds from a Regular saver sent to another account elsewhere if it is your nominated account (you would therefore have to tell them this) and also if you no longer hold a qualifying account then they can convert the Regular saver into a normal saving account though they would tell you this in advance.

I would personally send them a secure message asking if you close your Flex account on the 15th and your Regular Saver matures on the 17th what would happen, then at least you have it in writing and so if anything different happens then you at least have proof.

87matchstick

Thank you for the advice guys, much appreciated, just thought I!!!8217;d tap into here to see what people thought or had possibly experienced

adindas

Just want to inform the forum. Having other saving products with them will be sufficient to get 2.75% interest rate. No need to become a Shareholding Member or a Borrowing Member or both as described below. Anyway, it does not really make sense to provide condition to be a shareholrder or borrower just for the sake of opening a tiny regular saver account paying modest interest rate of 2.75%.

I recently got a phone call in relation to application that I sent to open Chorley Members Regular Saver Account. After reading all of T&C they confirm account will be open after June 1, 2018 with the interest rate of 2.75%. They only thing I have is Festive Fund Regular Saver, Chorlean Easy Access saving accounts. I do not have Share neither did I borrow money from them.

So if you want this saving product, be quick before they change their mind about membership or withdraw the product from the market. I use this free post address so no need to affix the stamp.

FREEPOST RTRE-ZSCS-HRUX
Savings & Investment Department
Chorley & District Building Society
Key House
Foxhole Road
Chorley, Lancashire
PR7 1NZ

http://www.chorleybs.co.uk/savings.html

soulsaver wrote: »

From the society's rules (Page 10):

4. MEMBERSHIP

(1) No Person shall be a Member of the Society unless he is a Shareholding Member or a Borrowing Member or both, and -

(a) !!!8220;Shareholding Member!!!8221; means a Person who holds a Share in the Society and, unless the context otherwise requires, includes a Person whose name is entered in the Deferred Shares Register as the holder of a Deferred Share or a fraction of a Deferred Share; and

(b) !!!8220;Borrowing Member!!!8221; means an Individual -

(i) who is indebted to the Society in respect of a Loan or a Loan from another building society whose interest in the Loan has, as the result of any amalgamation or transfer of engagements, passed to the Society, or

(ii) who is indebted to the Society as mentioned in (i) above and who has taken with the consent of the Society a transfer of any land already in mortgage to the Society, and who shall become a Borrowing Member as from the date the transfer is registered in the records of the Society, or

(iii) who, on the death or bankruptcy of a Borrowing Member or otherwise on transfer by operation of law becomes entitled to land already in mortgage to the Society and who (being willing to become a Borrowing Member) is accepted by the Society as a Borrowing Member while such Loan shall be outstanding, from the date of acceptance by the Society.


http://www.chorleybs.co.uk/Files/societys-rules_aug2015.pdf

bristolleedsfan

adindas wrote: »

Just want to inform the forum. Having other saving products with them will be sufficient to get 2.75% interest rate. No need to become a Shareholding Member or a Borrowing Member or both as described below. Anyway, it does not really make sense to provide condition to be a shareholrder or borrower just for the sake of opening a tiny regular saver account paying modest interest rate of 2.75%.

I recently got a phone call in relation to application that I sent to open Chorley Members Regular Saver Account. After reading all of T&C they confirm account will be open after June 1, 2018 with the interest rate of 2.75%. They only thing I have is Festive Fund Regular Saver, Chorlean Easy Access saving accounts. I do not have Share neither did I borrow money from them.

So if you want this saving product, be quick before they change their mind about membership or withdraw the product from the market. I use this free post address so no need to affix the stamp.

FREEPOST RTRE-ZSCS-HRUX
Savings & Investment Department
Chorley & District Building Society
Key House
Foxhole Road
Chorley, Lancashire
PR7 1NZ

http://www.chorleybs.co.uk/savings.html

All Building Society Savings Accounts are Share Accounts unless stated to be a deposit account


Chorley F.P address I spent ages searching for yesterday until a freepost envelope turned up by chance.