Regular Savings Accounts: The Best Currently Available List!

GreenBitterfly

Archi_Bald wrote: »

You'd not want someone else be allowed to transact on your account, would you? Seems good practice to check that ID gets verified.

Yes, but it was not mentioned that this might be needed in the communication regarding the account change.

Steve_xx

GreenBitterfly wrote: »

Yes, but it was not mentioned that this might be needed in the communication regarding the account change.

How did they know that you were who you said you were?

GreenBitterfly

Steve_xx wrote: »

How did they know that you were who you said you were?

I had my provisional licence with me, so I used that. It was well worth the money when I renewed it last year just for that!

Vortigern

Archi_Bald wrote: »

You'd not want someone else be allowed to transact on your account, would you? Seems good practice to check that ID gets verified.

I agree, it's good practice, but I've never been asked for ID in a Leeds BS branch. The passbook has always been sufficient.

Perhaps it's different for withdrawals (above a certain threshold)?

anoncol

ID for closing an account? I'd damn h hope so!!!

Special_Saver2

Hi Folks,

I cannot find anything that has changed for this weekend's update.

I will do another update next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are here: http://forums.moneysavingexpert.com/...=608697&page=1

GreenBitterfly

anoncol wrote: »

ID for closing an account? I'd damn h hope so!!!

But it was NOT mentioned that it was needed, I have no problem being asked for ID but it was not mentioned that this was required in any letter about the closure of the account. I have closed accounts before with other providers just with the passbook, or debit card/cheque book in the case of current accounts.

thor

I haven't consulted this thread for a while so did not realise when Leeds BS sent a letter saying that they were going to close and transfer my issue 2 RS account to a standard(and lower paying) savings account that they still had a similar issue 3 RS one available.
Perhaps they did not automatically switch from issue 2 to issue 3 hoping that people would not find it worth the effort doing so themselves.
As for how for the lifetime of issue 3, I'm going to be charitable and consider their 'simplifying' excuse to be genuine and is why they have cleared out the earlier issues.
Let's hope they have had their rate cuts and accounts closing fill for a while and keep a decent RS account going.

GreenBitterfly

I'm not going to be charitable about it, as I overheard a staff member telling a customer it's because there's a lot of money in these accounts, and that's why they're being closed.

Steve_xx

IanManc wrote: »

I'm not feeling charitable either. I don't trust Leeds Building Society any more. I had an Issue 3 account as well as an Issue 2. I closed the Issue 3 because after what they've done to the Issue 2 there's no point in starting to build up a lump sum in an Issue 3 at £250 a month, as they're the sort of outfit that shuts regular savings accounts whenever they feel like it and dump you in an account with a pathetic rate instead.

So you closed Issue 3, and in the process you cut your nose off to spite your face. Not the brightest of moves really, since you will be lucky to attain half of what it pays in an easy access account.