Leeds Building Society Regular Saver (Issue 4)

badger09

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

badger09 wrote: »

:rotfl::rotfl::rotfl:

Tell that to Karlie88;)

Nah I'm alright. :beer:

castle96

mine still there (earning .5% ! "BACS payment can take up to 3 working days" !!!

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%.