Leeds Building Society Regular Saver (Issue 4)

castle96

£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

GreenBitterfly

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

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

you mind your own money, not mine

where_are_we

"£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

where_are_we 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."
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

where_are_we wrote: »

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%.

schiff

aj23 wrote: »

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

Do you know of any banks that have gone over completely to faster clearing pse?

aj23_2

schiff wrote: »

Do you know of any banks that have gone over completely to faster clearing pse?

I know Santander and Tesco have been doing next day clearing since September.

Santander clear by the next morning.

Nasqueron

Closed out £6412.52, £60.98 interest on 1/2/19 with £24.90 31/8/18, not unhappy with that over all, better than 1.5% in my 123 account