Regular Savings Accounts: The Best Currently Available List!

happybagger

Don't bet on it though. They would probably mark it up as a closed account from 31 Jan and transfer the balance to CrapInstant (with bonus) at that point.

When I was victim to the RS2 cull I emailed suggesting they had lost their customer focus and they took that as a formal complaint. What followed was an initially informative, but latterly angry, exchange of letters with Mr Jaedon Green, where I gave examples of better examples other societies had done with their RS accounts.

He was not impressed by my extensive research and suggestion his career in PLC was out of place in a mutual (He was recently appointed).

What made me laugh was, months after we both regarded the issue at an end, he decided to reply "I feel I didn't address your complaint fully enough" and basically went on to say 'We can do what we want'. Been better off saying nothing more!

happybagger

glider3560 wrote: »

A line has appeared on my Leeds BS Issue 3:
01/11/2016 BON RAT CHG DEC

Bonus Rate Change December? Bonus Rate Change Decision?

Either way, it won't be good!

scubado2

Since posting this morning I got a call from Leeds BS. They said to expect a letter in early December. They couldn't confirm the content, but bottom line it sounded like account being pulled completely (or at least the bonus interest) in February 2017. Somewhat surprises me but hey ho that's another customer they're losing! I only hope they honour the full 3.05% rate up to the point of closure even if it is mid-term.

happybagger

They will, as they have to give notice, which would bring it close to 31 Jan.
Time to stick £100 in their online account (so I can have the pleasure of remaining a member and voting against directors) and move on.

veryintrigued

scubado2 wrote: »

Since posting this morning I got a call from Leeds BS. They said to expect a letter in early December. They couldn't confirm the content, but bottom line it sounded like account being pulled completely (or at least the bonus interest) in February 2017. Somewhat surprises me but hey ho that's another customer they're losing! I only hope they honour the full 3.05% rate up to the point of closure even if it is mid-term.

The terms of this account are that one withdrawal is allowed between 1st Nov - 31st October to still be able to get the bonus.

Hence what will this mean for those who have already made this penalty free withdrawal?

tg99

tg99 wrote: »

Not sure if been mentioned previously but phoned to open another M&S Reg Saver today and was told that I actually get 6% not the 5% I was expecting given I switched my current account to M&S pre (think she said 29th) Sep 2016. She said to ignore the account literature to follow in the post where it mentions the 5% as I would receive additional separate confirmation in the post that I will actually get 6%.

Took a while but got letter in today's post confirming that I would get 6% and to ignore the 5% stated in account literature.

GazHol

tg99 wrote: »

Took a while but got letter in today's post confirming that I would get 6% and to ignore the 5% stated in account literature.

Me Two (I got one letter from each current account - in separate envelopes of course).

TheShape

tg99 wrote: »

Took a while but got letter in today's post confirming that I would get 6% and to ignore the 5% stated in account literature.

Hopefully i'll get a letter too. Opened my account a week or two after you and was also told i'll qualify for 6%.

TheShape

Anyone here using a Tesco current account to fund their regular/monthly savers?

Was going to fund my Saffron Regular Saver from my Nationwide Account on the 1st of each month but decided that as the 1st may fall on a non-working day and may therefore delay payment that I'd do it from a Tesco account as I seem to remember reading that payments are sent on the day you set, regardless of whether it is a working day or not.

Kim_13

They do go on a non-working day, but the payment won't be processed at the other end until the working day following the first (unless that provider operates a similar system to Tesco in processing payments on a non-banking day.) Tried this earlier in the year; should have just left the funds in Tesco until the first working day.