Britannia BS launch Fixed Rate Regular Saver - 7.50%

Milarky

cornerstone13 wrote: »

Hi, probably being really thick but can't find this on the Britannia website - is there a specific link to it ?

Sorry

It's too soon. Wait until after launch date or phone them later.

RayWolfe

I have not received notification from Britannia about my maturing RS either! However I have been waiting for the documents AND my cheque to clear on another account with them since early October. They have received it because I have asked them ... they apologised, said they had a backlog and the interest would be backdated.
Are they in a mess or what?

bristolleedsfan

[quote=Milarky;6679778(not sure how cheques are treated for interest purposes by Britannia.)

[/quote]

brittannia are one of a small no of providers that pay interest on cheque deposits from day of receipt. :T

Kazza242

Milarky wrote: »

If this account matches the existing Britannia one then you can time the opening payment to later in the month (of November) and also do so by cheque (not sure how cheques are treated for interest purposes by Britannia.)

They seem to have their DD collection date set to close to 1st (usually the 2nd I find) so the interest is increased is you delay the opening date in this way.

(No mention of direct debit being the method of regular payment but I assume it is as they are set up for this?)

The first payment must be by cash or cheque. All subsequent payments are by direct debit (just like issue 1).

I seem to recall with the issue 1, that the advisor said that the DD payment date had to be on the same day of the month as the initial payment. E.g. if you opened it on the 7th, your DD payment was setup for that date. Though, I'm not sure that was true as my DD payment always went out around 1st/2nd of each month.

LittleVoice

Kazza242 wrote: »

I seem to recall with the issue 1, that the advisor said that the DD payment date had to be on the same day of the month as the initial payment. E.g. if you opened it on the 7th, your DD payment was setup for that date. Though, I'm not sure that was true as my DD payment always went out around 1st/2nd of each month.

Hi, Kazza

I think it is always wise to check and retain the written T&C and never rely on what an adviser tells you as you have no proof of what they say - and they have been known to get it wrong!

LV

Kazza242

LittleVoice wrote: »

Hi, Kazza

I think it is always wise to check and retain the written T&C and never rely on what an adviser tells you as you have no proof of what they say - and they have been known to get it wrong!

LV

LV, that day I asked the branch manager for a copy of the T&C's which I took away with me that day. I am always dubious about what advisors say. I often find that the customer knows more about a product than the branch staff!

E.g. this week at Skipton while opening the new Xmas Saver 2. The advisor said the monthly max was £150 and yet I knew it was £250. She pulled out the T&C's and then realised I was correct.

RayWolfe

Kazza242 wrote: »

I seem to recall with the issue 1, that the advisor said that the DD payment date had to be on the same day of the month as the initial payment.

Not so Kazza, I was able to select the date for the DD which was different to my start date. I selected 1st ... wonder why?
(This was iro issue 1, current conditions may have changed)

Kazza242

RayWolfe wrote: »

Not so Kazza, I was able to select the date for the DD which was different to my start date. I selected 1st ... wonder why?
(This was iro issue 1, current conditions may have changed)

Yes, I know. I selected the 1st too, much to the advisor's annoyance.:D I'll be visiting the branch next week to collect my maturity cheque. I'll probably leave £100 in there until later in the month when I open an Issue 2 (with the 1st DD payment going out on 1st Dec of course...;))

baby_boomer

Kazza242 wrote: »

I'll probably leave £100 in there until later in the month..;))

Incorrigible bagger .

But as an serious saver, that's not necessarily a wise choice if you qualify for Reward Points - as I suspect you may.

However I'm having trouble pinning any Britannia advisers down as to the cut-off date for continous savings qualifying for Reward Points. Is it 1 January 2008 - or when they calculate your Reward - round about Feb2008? (Which one adviser told me is different for each customer ).

Afahmaep

Received my maturity letter yesterday (Saturday) but I also have a second one maturing today for one of my children. 'Afahmaep re Afahmaep minor', so will go on Monday to local branch.
But I was querying whether I could keep the old one running as well as the new one because the maturity form wasn't precise.
Having already opened Britannia Regular Saver 2 before this letter arrived I rang them (missed the HO cut off time of Midday but still spoke to my local branch), questioning whether I could keep the original Britannia Regular Saver 7.5% Issue 1 runing because on the maturity letter there is a box to tick with Fixed Rate Regular Saver on it but it doesn't state RS2.
I think that the booklet that came with the letter just about covers their backs as it refers to RS2 only but for those who send the form back or use it to open another one it would interesting if you could open a continuation RS and THEN an RS2.