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veryintrigued

Speculator wrote: »

My Saffron BS 3.5% regular matures 4th Nov but you are allowed early closure without penalty.

Therefore, I will close it next Monday and reopen a new one @ 3.5% in case they withdraw it or lower the interest at the end of this month. I will transfer £200 from the matured balance to the new a/c and pay the remainder into my 123.

Hadnt thought of that.

Please let us know how you get on.

GazHol

tg99 wrote: »

That's what I thought so was surprised when she said 6%. She did explicitly read out information about the product which included this stuff re getting 6% not 5% so it didn't sound like it was someone who was making an error / got confused about the details. Didn't get her name but hopefully if any issue will have a call recording or log of who I spoke to in my customer details.

Same happened to me today. I opened my 2nd current account before the RS interest rate change, but my account transfer in didn't complete until after the RS interest rate change.

I was also told today that I would get a letter stating that I would get the 6% RS.

Speculator

adindas wrote: »

Great info.
I have not read the T&C yet. Just wonder will you still get the advertised interest of 3.5% when you close it earlier ?? Any info on this will be very much appreciated ...

You will definitely get the 3.5%. I've also checked with the manageress @ Ware branch and she confirms this.

I done this before @ Saffron with our Regular ISA because I wanted the maturity cheque on a Monday so it clears before the end of the week.

adindas

Speculator wrote: »

You will definitely get the 3.5%. I've also checked with the manageress @ Ware branch and she confirms this.

I done this before @ Saffron with our Regular ISA because I wanted the maturity cheque on a Monday so it clears before the end of the week.

For early closure /cancellation Could you do it by post ?
Would you please inform the forum the interest you get whether conform to what they said to you ?

thanks

Speculator

adindas wrote: »

For early closure /cancellation Could you do it by post ?
Would you please inform the forum the interest you get whether conform to what they said to you ?

thanks

Yes, they said send covering letter with application form to head office.

However, I said I would rather do it in branch because I'm only 10min walk away so she booked me an appointment.

Speculator

I will post interest info next Monday after closure.

ratechaser

Speculator wrote: »

You will definitely get the 3.5%. I've also checked with the manageress @ Ware branch and she confirms this.

I done this before @ Saffron with our Regular ISA because I wanted the maturity cheque on a Monday so it clears before the end of the week.

Can't believe I've missed this one, and with a branch just 15 mins away

So Monday will be a trip to Ware and then onto Stevenage to visit the Leeds... Already paid a visit to St Albans today to check in on the Nottingham...

george4064

I currently have a Nationwide FlexDirect and a Flex Regular Saver account, my 12 months is nearly up for the FlexDirect account so I'm looking to move that money elsewhere.

I have read the Ts & Cs for the Flex RS and it says:

Flexclusive Regular Saver is for individuals aged 18 or over who meet one of the following three criteria:
- Hold a FlexOne account and be aged 18 or over, or hold a FlexAccount and have:
> Been paying in £750+ a month for the last 3 months (excluding transfers from any Nationwide account held by you or anyone else); or
> Completed an account switch to us (from a non-Nationwide account) using our Current Account Switch Team in the last 4 months; or
- Hold a FlexStudent account and have paid in £1,500 in at least 2 transactions in the last 12 months; or
- Hold a FlexDirect or FlexPlus account.

Am I okay to move my FlexDirect money elsewhere, and leave £1 in the account to keep it open to satisfy the requirement for the Flex RS?

TIA

YorkshireBoy

george4064 wrote: »

Am I okay to move my FlexDirect money elsewhere, and leave £1 in the account to keep it open to satisfy the requirement for the Flex RS?

Yes, because you would still "hold a FlexDirect or FlexPlus account".

TheShape

Speculator wrote: »

My Saffron BS 3.5% regular matures 4th Nov but you are allowed early closure without penalty.

Therefore, I will close it next Monday and reopen a new one @ 3.5% in case they withdraw it or lower the interest at the end of this month. I will transfer £200 from the matured balance to the new a/c and pay the remainder into my 123.

Another bonus is that I will have a balance of £400 on 1st Nov.

Shame I can't do the same with my Nationwide Flexclusive Reg.

I hadn't noticed the Saffron Regular Saver. I've got an online account with them that I haven't checked on in years (will do so this week).

Would I be better off putting an application in the post on Monday (24th)? or going into branch on Saturday 29th?