Natwest Savings Builder

Potato_Jacket

Indeed well spotted and thanks.


Here's my corrected copy:



Wed 1 August -- interest paid: 6.49
Thurs 2 Aug -- out: 5440.50, bal: 1
Fri 31 Aug -- in: 4999, bal: 5000
Wed 26 Sept -- out: 4949, bal: 51
Mon 1 Oct -- in: 4949, bal: 5000


Thanks too to RG2015 for the alternative solution, ie Marcus.

RG2015

EachPenny wrote: »

Agreed, but if the balances (rather than the payments in/out) are correct then Potato Jacket should qualify for the interest. I've not checked mine for this month, but will do next.

P.s. RG2015, the Marcus rate is variable, so I'll be reviewing it on a frequent basis through this fine forum... rather than leaving it 12 months. But I'm sure that is what you meant anyway.

I would expect Marcus to tell me if they reduced their rates as per their terms and conditions.

RG2015

Potato_Jacket wrote: »

Indeed well spotted and thanks.


Here's my corrected copy:



Wed 1 August -- interest paid: 6.49
Thurs 2 Aug -- out: 5440.50, bal: 1
Fri 31 Aug -- in: 4999, bal: 5000
Wed 26 Sept -- out: 4949, bal: 51
Mon 1 Oct -- in: 4949, bal: 5000


Thanks too to RG2015 for the alternative solution, ie Marcus.

Therefore you should have received the interest on 1st October.

fun4everyone

Is there any point to this account now Marcus is here with 1.5% no catches for at least 12 months? No reason to keep a balance here at all as far as I can tell, unless you have huge amounts of cash you want to spread around.

RG2015

fun4everyone wrote: »

Is there any point to this account now Marcus is here with 1.5% no catches for at least 12 months? No reason to keep a balance here at all as far as I can tell, unless you have huge amounts of cash you want to spread around.

It’s a useful backup if the Marcus website crashes like it did yesterday.

soulsaver

fun4everyone wrote: »

Is there any point to this account now Marcus is here with 1.5% no catches for at least 12 months? No reason to keep a balance here at all as far as I can tell, unless you have huge amounts of cash you want to spread around.

1.5% for at least 12 months?
Hard to miss the word 'VARIABLE' when you read this:

https://www.marcus.co.uk/uk/en/savings?prd=os&chl=ps&schl=psb&cid=71700000041337302&agp=58700004415425188&kid=%2Bmarcus&mtype=bmm&gclid=COn8rIb27d0CFU2RhQodEdIDZQ&gclsrc=ds

Potato_Jacket

RG2015 wrote: »

Therefore you should have received the interest on 1st October.

At a branch today:


"It's probably because you haven't built up enough balance over the month."
"But I have, look at the two calculation dates."
"It would take too long to check the dates so I'll just give you a full month's interest on 5000."


Gift horse, but not entirely satisfactory.

EachPenny

Potato_Jacket wrote: »

At a branch today:

"It's probably because you haven't built up enough balance over the month."
"But I have, look at the two calculation dates."
"It would take too long to check the dates so I'll just give you a full month's interest on 5000."

Gift horse, but not entirely satisfactory.

Well it is better than going without. But always worrying when they cannot explain why you didn't get something you were entitled to.

I suspect the 'too long' is code for "I don't really understand the rules and don't want to embarrass myself by revealing that to a customer"

Potato_Jacket

An update and heads-up for those still running this account. Interest for September was credited to mine this week. And the "spontaneous" credit resulting from my in-branch query on the 8th hasn't been reversed.

sheffieldeagle

Hi


Can anyone confirm if its possible to have two Savings Builder accounts (1 joint & 1 single)?


Cheers