Regular Saver Thread **New and Restarted**

schiff

I did think of adding 'Approximately' to my post but, as it was a broad assumption, I didn't, knowing full well that someone would take me to task in due course. It's good to find out that I can guess the future

IanManc

schiff wrote: »

I did think of adding 'Approximately' to my post but, as it was a broad assumption, I didn't, knowing full well that someone would take me to task in due course. It's good to find out that I can guess the future

Any chance of sharing this week's lottery numbers?

schiff

ianmanc wrote: »

any chance of sharing this week's lottery numbers? :d

7 14 21 28 35 42 + 49

liamcov

Does anyone have the Saffron 3.5% Reg Saver?

Mine is just maturing and the pack they've sent me says I can re-invest the money in the same 3.5% account for another 12 months, with additional deposits of up to £200/month.

As I don't think any other reg saver does this I just thought I'd check if others had done this with them?

kidmugsy

liamcov wrote: »

Does anyone have the Saffron 3.5% Reg Saver?

Mine is just maturing and the pack they've sent me says I can re-invest the money in the same 3.5% account for another 12 months, with additional deposits of up to £200/month.

I hope that's still on offer next Spring!

[Deleted User]

liamcov wrote: »

Does anyone have the Saffron 3.5% Reg Saver?

Mine is just maturing and the pack they've sent me says I can re-invest the money in the same 3.5% account for another 12 months, with additional deposits of up to £200/month.

As I don't think any other reg saver does this I just thought I'd check if others had done this with them?

Yes, I have done it. Absolutely no problems at all. They just send you a new passbook, and away you go for another 12 months. It's remains the same issue of the Regular Saver (Issue 3). It isn't a problem that you have had one before. I checked with them when mine renewed some months ago.

pafpcg

cmondynamite wrote: »

Yes, I have done it. Absolutely no problems at all. They just send you a new passbook, and away you go for another 12 months. It's remains the same issue of the Regular Saver (Issue 3). It isn't a problem that you have had one before. I checked with them when mine renewed some months ago.

I think the key question here is: what happens to the balance in the account when it matures at the end of 12 months? Are you saying that your new regular saver is currently holding your previous year's contributions (up to £2,400) together with this year's contributions and all earning interest at 3.5%? If that's true when my account matures in September, just like Kidmugsy, I'll grab that in an instant! But why would Saffron bother issuing a new passbook?

polymaff

"Your account will mature after 12 months. When your account matures it will automatically switch to a variable rate Maturity Easy Access account."

"You can make as many deposits during the month as you need to, providing they don't exceed the monthly limit of £200"

MarkFromCornwall

pafpcg wrote: »

It's really no different from other maturing regular savers except that Saffron make it easy by giving you the option of using up to £200 from the maturing account as the first payment into the new regular saver account.

schiff

liamcov wrote: »

Does anyone have the Saffron 3.5% Reg Saver?

Mine is just maturing and the pack they've sent me says I can re-invest the money in the same 3.5% account for another 12 months, with additional deposits of up to £200/month.

As I don't think any other reg saver does this I just thought I'd check if others had done this with them?

Would you check that again. My maturity letter back in December last told me that the proceeds, failing any instruction to the contrary eg. a request for a FP, would 'automatically roll into a Maturity Easy Access'. I withdrew £2200 plus the interest by FP and the remaining £200 started the new RS. I have the same passbook.

I think logic dictates that the scenario hinted at is not likely to be so. IMO anyway