Regular Saver Thread **New and Restarted**

mhoc

schiff wrote: »

I opened mine on 4/7/17 and the maturity date - per my record - is 2/7. My balance too is £3K.

Thanks for this, not sure where I'd got the August 1st date from and there was nothing in my LBS file to confirm this so I rang them up and yes my reg saver 5 is also July 3rd maturity.

By then they will be up to reg saver 17 and hopefully at least 2.55% gross interest

[Deleted User]

mhoc wrote: »

In the meantime what are the predictions for the next Virgin regular e saver - usually someone makes a very good estimate so I can put it on the calendar!

The next Virgin Reglar E Saver will be Issue 12. It should launch on (or about) 17th July, with the maturity date being 20 August 2019.

My prediction... I may prove to be wrong

[Deleted User]

Morphoton wrote: »

One improvement is that the "Regular Saver Locals" allows a higher monthly payment of upto £500, as opposed to the current max of £250.

The current max on the Members and Residents Regular Saver IS £500 per month (the simple regular saver is £250). It's been £500 since launch in October 2017. I have a balance of £4500 in it. I haven't had any letter(s) about a change...yet.

schiff

A large letter in the post today with the passbook and all the confirmation that I need that my new RS at 2.75% has been set up.
First deposit June 1st.

Excellent service. The cheque hasn't appeared in my bank account yet so that's a few coppers gratis for the clearance delay!

Morphoton

The current max on the Members and Residents Regular Saver IS £500 per month (the simple regular saver is £250). It's been £500 since launch in October 2017. I have a balance of £4500 in it. I haven't had any letter(s) about a change...yet.

Yes it is a Simple Regular Saver Issue 2 opened Sep 2016 that they are converting to the Regular Savers Local.
I received an addendum letter today which gives info on the Regular Savers and Help to Buy ISA which were omitted in the first letter.

glider3560

schiff wrote: »

A large letter in the post today with the passbook and all the confirmation that I need that my new RS at 2.75% has been set up.
First deposit June 1st.

Excellent service. The cheque hasn't appeared in my bank account yet so that's a few coppers gratis for the clearance delay!

Remember that it will clear on the 2-6-6 cycle, so you won't earn interest until the second working day after deposit. Coincidentally, that is most likely the same day that the money will leave the account the cheque is drawn from.

Westie983

Question:

When Issue 5 of the Leeds matures next month and its closed, that then allows you to open the current issue (16) as you no longer hold issues 5 - 15, which stops you as Issue 4 is exempt...

so whats the difference between Issue 16 onwards compared to Issue 5? I haven't looked at this as before now we were not allowed to open a new one while still holding Issue 5... **I dont have the T&C's for Issue 5, but I found Issue 3...

Westie983

glider3560

Westie983 wrote: »

Question:

When Issue 5 of the Leeds matures next month and its closed, that then allows you to open the current issue (16) as you no longer hold issues 5 - 15, which stops you as Issue 4 is exempt...

so whats the difference between Issue 16 onwards compared to Issue 5? I haven't looked at this as before now we were not allowed to open a new one while still holding Issue 5... **I dont have the T&C's for Issue 5, but I found Issue 3...

Westie983

As far as I can see, the only difference between the issues 5 onwards is the interest rate.


Also, they seem to have stopped sending a passbook for these accounts.

Special_Saver2

Hi Folks,

I have carried out this weekend's update.

- Bank of Scotland Current Account with Vantage option interest rate from 1st July updated
- Bucks BS Regular Saver entry has an added note to look at this page about posts with upcoming changes and possible withdrawal of the account

I will do another update next weekend.

SS2

---

For those new to this thread, the first few posts are constantly updated and are on the first page

karlie88

mhoc wrote: »

Interesting. I had a call from them yesterday regarding the set up and she said it would be set up from June 1st - my cheque has this date on.
The lady also said I would get a welcome pack with a passbook which has to be sent back when the account matures. There was no option to decline the passbook if you do all of your transactions online

I got an email from Chorley BS this afternoon asking me to phone them (number provided in the email). I didn't phone the number provided in the email just in case it was a phishing scam (albeit a very small chance since I'd posted the Chorley application form a week ago).

I went online and phoned the number on their website and the man cleared me through security (full name, address and DOB) and went through the basics of the account. He asked if I had any questions at the end and I mentioned (as a form of feedback) that I don't think it's wise to put a phone number in the email. He took it completely the wrong way - 'well we have on our records that you're happy to receive correspondence via email'. *sigh*

He then went to on to ask how a scammer would get information for opening a savings account with Chorley BS. 'Easy', I said, 'innocent customer phones the number provided in the email, clears security, provides name, address and DOB and scammer either sells information on or applies for credit cards/loans with the information'. He put the phone down!

:eek::rotfl:

He emailed me a few minutes later to state my Chorley BS Reg Saver had been opened and that if I had any questions then I should phone them on the number provided on their website. :rotfl: Probably tongue in cheek but at least the message got through...