Leeds Building Society Regular Saver (Issue 4)

aj23_2

GreenBitterfly wrote: »

When I saw this thread near the top of the page, I was worried that this was the reason! I was all geared up for the account to be closed (by LBS) in August, when I didn't get anything earlier this month from them, I thought I'd have another year at least with this account.

Me too. I feel bad for the people doing £50 or £100 a month who thought they could deposit for up to 10 years to reach £6000.

karlie88

cosh25 wrote: »

Had my letter today. As we all expected, the issue will be closed. Key points;
- Maximum balance increased to £7250.00.
- Issue will be closed and converted to an Easy Access Account in Feb 2019.
- Bonus becomes unconditional from September (2.55% flat rate) max pay in remains at £250.00 per month until Feb however penalty free withdrawals and missed payments allowed.
- If the account is closed before September 2018 you will NOT get the bonus.

No surprises in that this issue will be closed - similar to the previous issues.

In a way, I'm glad this is happening. No need to for me to visit a branch to withdraw £600 next month - saves time and money. They've (kindly) increased the max balance to £7.25k - they did not do this with Issue 3.

Overall, a good result.

hgt

aj23 wrote: »

Get in contact ASAP and cancel it.

I did but apparently they had already processed it and issued a cheque! Never mind!

The one time I want Royal mail to be slow, they have managed to get my passbook to Leeds the following day!

aj23_2

hgt wrote: »

I did but apparently they had already processed it and issued a cheque! Never mind!

The one time I want Royal mail to be slow, they have managed to get my passbook to Leeds the following day!

Ah no that's so annoying for you.

bristolleedsfan

Thank you for your message.

The current terms and conditions do state that only one deposit can be made per month, however due to the circumstances, we will honour your additional payment to made the monthly deposit up to £250.00s

Frank121

Deleted_User wrote: »

Seriously, you try to commiserate kindly with the poor poster who missed out on interest due to an understandable human error, while at the same time offering him/her and others a few pointers (from experience)on how to manage RS's and you get taken to task by some ars*****. This forum is not worth posting to.

Just wanted to thank you Hattie for your advice. Whilst the original poster didn't specifically ask for advice, it's still nice that you took time to give some as for me this is the point of this forum. We don't need to debate what's best for the orignal poster, he can tell us if he wants too. We can all learn from other peoples experiences and can make are own choices as to whenever it suits us or not. If the original poster still wants to go the branch then it's fine, but your advice can also aid others who didn't know about this option. I hope your exprience dosen't put you off future posts, the info is usefull for all forum readers.



Cheers.
Frank

IanManc

Frank121 wrote: »

Just wanted to thank you Hattie for your advice. Whilst the original poster didn't specifically ask for advice, it's still nice that you took time to give some as for me this is the point of this forum. We don't need to debate what's best for the original poster, he can tell us if he wants too. We can all learn from other peoples experiences and can make are own choices as to whenever it suits us or not. If the original poster still wants to go the branch then it's fine, but your advice can also aid others who didn't know about this option. I hope your experience doesn't put you off future posts, the info is useful for all forum readers.
Cheers.
Frank

Well I took the advice - all my regular saver accounts are now funded by standing order. :beer:

GreenBitterfly

Got my letter this morning, just working out how much I can increase my monthly contribution by till February.

badger09

GreenBitterfly wrote: »

Got my letter this morning, just working out how much I can increase my monthly contribution by till February.

Me too.

Unless you're currently contributing less than £250 pm, you can't increase it, as monthly limit is still £250.:cool:

aj23_2

My letter came today too.