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Leeds Building Society Regular Saver (Issue 4)

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  • badger09
    badger09 Posts: 11,575 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    aj23 wrote: »
    No wonder they wanted to shut the account to further deposits!

    In branch Saturday, the clerk said they'd stopped offering regular savers because customers were saying they didn't want them any more.

    :rotfl::rotfl::rotfl:

    Tell that to Karlie88;)
  • aj23_2
    aj23_2 Posts: 1,155 Forumite
    1,000 Posts Third Anniversary Name Dropper Combo Breaker
    badger09 wrote: »
    :rotfl::rotfl::rotfl:

    Tell that to Karlie88;)

    Nah I'm alright. :beer:
  • castle96
    castle96 Posts: 2,978 Forumite
    Part of the Furniture 1,000 Posts
    mine still there (earning .5% ! "BACS payment can take up to 3 working days" !!!
  • castle96
    castle96 Posts: 2,978 Forumite
    Part of the Furniture 1,000 Posts
    £222.27

    "no instruction received for maturing funds" "send secure message"
    "cheque or BACS/Chaps - £20 cost"

    Me - complaint please. You ignored online instructions (did this a month ago "no trace". Cheque 3-5 days to get here. 2-3 days to clear. Loss of interest and inconvenience

    Grrrrrr
  • Yep, mine must have arrived whilst I was at work! I was just a tiny bit paranoid that I'd not given them the correct details when the money wasn't there initially!
  • aj23_2
    aj23_2 Posts: 1,155 Forumite
    1,000 Posts Third Anniversary Name Dropper Combo Breaker
    castle96 wrote: »
    £222.27

    "no instruction received for maturing funds" "send secure message"
    "cheque or BACS/Chaps - £20 cost"

    Me - complaint please. You ignored online instructions (did this a month ago "no trace". Cheque 3-5 days to get here. 2-3 days to clear. Loss of interest and inconvenience

    Grrrrrr

    Cheques can clear same or next day depending on who you bank with. And you're talking a couple of pennies in interest lost lol
  • castle96
    castle96 Posts: 2,978 Forumite
    Part of the Furniture 1,000 Posts
    you mind your own money, not mine
  • where_are_we
    where_are_we Posts: 1,216 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    "£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."
    Yes it requires effort, but a 2.55% regular saver running for more than 2 years and 2 interest payments compounded before the final one made it worthwhile. Strange they didn`t separate the final interest payment into gross interest and bonus interest like the previous 2 sets of interest payments. Don`t forget to cancel your standing orders!
  • aj23_2
    aj23_2 Posts: 1,155 Forumite
    1,000 Posts Third Anniversary Name Dropper Combo Breaker
    "£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."
    Yes it requires effort, but a 2.55% regular saver running for more than 2 years and 2 interest payments compounded before the final one made it worthwhile. Strange they didn`t separate the final interest payment into gross interest and bonus interest like the previous 2 sets of interest payments. Don`t forget to cancel your standing orders!

    I agree. It's generated more than any of my other regular savers this only run for 12 months.

    They didn't separate because they changed the conditions. From 1 September, the rate became wholly unconditional, not part conditional bonus part interest.
  • glider3560
    glider3560 Posts: 4,115 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Strange they didn`t separate the final interest payment into gross interest and bonus interest like the previous 2 sets of interest payments.

    The bonus became unconditional after the last interest was paid (as stated in their letter). I assume they just made the bonus 0.00% and upped the base rate to 2.55%.
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