Leeds Building Society Regular Saver (Issue 4)

acc

The Leeds maturity letter states for external electronic funds transfers
"Your funds will be in the account requested by 5 pm on the next working day"
so the funds should be received by 5 pm on Monday 4 Feb.

veryintrigued

A phonecall earlier confirmed that the amount has left my account and the.amount of interest and that it would be in my account by cop Monday.

Speculator

Just checked my account it's now listed as a closed account and BACS has been sent 1/2.

£70.94 Interest added to account 1/2.

stehouk

£69.84 interest...... waste of time, iv'e closed my last two accounts with leed's, not worth the effort, i'm going to seek out more 5% reg savers instead and put some in p2p.

Speculator

stehouk wrote: »

£69.84 interest...... waste of time, iv'e closed my last two accounts with leed's, not worth the effort, i'm going to seek out more 5% reg savers instead and put some in p2p.

That's 5 months interest, not a whole year.

Nardge

stehouk wrote: »

£69.84 interest...... waste of time, iv'e closed my last two accounts with leed's, not worth the effort, i'm going to seek out more 5% reg savers instead and put some in p2p.

I've yet to check my Leeds 4 online, I'll do so shortly...

Copy/pasting this my previous below message, as it's sad that people waste their time with lousy accounts!
P2P is also an avenue I've pursued, though remember capital is potentially at risk...
Don't invest more than 10% of your assets, and do diversify across six or more platforms.
You could come and join us on the P2P discussion forum

"Good afternoon,

As for me mine will mature at £6354.35 (excluding final interest) on 01/02/19.

I also had the Issue 3 (prior to closure), and the Issue 15 continues (I'm unsure if it remains available to newcomers).

If you don't already have them, consider the 5% Regular Savers with First Direct, HSBC, Nationwide, and Marks & Spencers, and whilst you'll need their linked current accounts to access these, you can open them all simply by moving money around in a circle on the same date every month (See the now archived 'Bank Savings Loophole'). Lloyds is the next best at 2.5% (recent drop from 3%)

Alternatively or in addition, for those conversant with apps, consider CHIP. Provided you do what is necessary, you could find yourselves with up to £10K earning 5%/year... (though admittedly it isn't under the auspices of the FSCS for now (CHIP have yet to become a bank)), though are FCA regulated.

With Kind Regards"


With Kind Regards

stehouk

£69.84 1/2/19 & £30.41 interest added 31/8/18, so yes you are right but not exactly mind blowing for an investment of just over £7k, and yes i know the whole 7k hasn't been invested for a full year but i personally don't think it is worth the effort anymore.
I have 2 nationwide 5% 2 first direct 5%, i did have santander at 5% until they dropped it to 3%, i.cannot get the hsbc (they keep declining me the advance account don't know why) going to try m&s next.

Nardge

stehouk wrote: »

£69.84 1/2/19 & £30.41 interest added 31/8/18, so yes you are right but not exactly mind blowing for an investment of just over £7k, and yes i know the whole 7k hasn't been invested for a full year but i personally don't think it is worth the effort anymore.
I have 2 nationwide 5% 2 first direct 5%, i did have santander at 5% until they dropped it to 3%, i.cannot get the hsbc (they keep declining me the advance account don't know why) going to try m&s next.

How did you manage to get two (and not one) Nationwides and two First Directs?

Be quick with M&S. According to Martin Lewis' most recent e-mail, M&S are phasing out the perks of the current account that links up to that 5% Regular Saver - A 'lump-sum' £100 M&S Gift Card, with further £10 top-ups on a monthly basis up to £80 for a year...

With Kind Regards

Frank121

Hi All,


I requested the closure via the online link on Thursday and received the cheque today. (Saturday)



Hope this helps.


Thanks,
Frank

aj23_2

Went to Stevenage branch today, updated with £73 interest since August, and £222 overall since September 2016 earned. Withdrew with a cheque reducing balance as an Easy Acces account to £1.