Regular Savings Accounts: The Best Currently Available List!

darkidoe

veryintrigued wrote: »

Am afraid I wasn't surprised when I raised the issue on here at 4ish this morning.

NWs poor IT and systems have proved inadequate multiple times over the years for me.

They'll defo sort the interest out but I always get the 'will this work' sort of feeling when I sign up to a new NW product.

4am! MSE Forum working overtime.

glider3560

My Nationwide Flexclusive Regular Saver was due to mature yesterday. Interest was added and the account redesignated overnight.

Today I have opened a new one and closed the Flex Saver as part of the process.

gilly56

I got a letter this morning from LBS regarding RegularSaver Issue 3. From 1st Feb 2017 the combined interest + bonus rate is going down to 2.30%. You can continue to add money to Issue 3 until 31st Jan 2017 when it will become a closed issue. You can leave the Issue 3 account open until 31st Oct 2017 and it will continue getting the 2.30% interest up to that date.

They now have Issue 4 available with 2.30% interest and you can open it and add to it monthly as well as leave Issue 3 open meantime.

Special_Saver2

Hi Everybody,

I have completed this weekend's update for the first page of this thread.

I cannot see anything that has changed.

I will do another update next weekend.

SS2

---

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

scubado2

gilly56 wrote: »

I got a letter this morning from LBS regarding RegularSaver Issue 3. From 1st Feb 2017 the combined interest + bonus rate is going down to 2.30%. You can continue to add money to Issue 3 until 31st Jan 2017 when it will become a closed issue. You can leave the Issue 3 account open until 31st Oct 2017 and it will continue getting the 2.30% interest up to that date.

They now have Issue 4 available with 2.30% interest and you can open it and add to it monthly as well as leave Issue 3 open meantime.

Interesting! I haven't had a letter yet myself, but I assume you also have the option to take the balance with interest at the 3.05% rate on 1st Feb? I wouldn't want to have to leave it there getting 2.30% when I can get more elsewhere - thanks to opening 3 BOS Vantage current accounts recently ;)

veryintrigued

scubado2 wrote: »

Interesting! I haven't had a letter yet myself, but I assume you also have the option to take the balance with interest at the 3.05% rate on 1st Feb?

I have this in my spreadsheet in any case:

One withdrawal allowed between 1st Nov and 31 Oct

gilly56

I've checked my LBS letter again and it says that.......

"To protect the benefits of your RegularSaver, the bonus will be unconditional from 1st Nov 2016 through to 31st Oct 2017. This means that even if you miss a payment during this time, you won't lose your bonus".

Also states "You can close your account at any time, without any charges or penalties. On closure we'll include any interest and/or bonus earned up to that date".

So no loss of bonus. :-))

scubado2

That all makes sense now, hence why they amended the 'up front' rate as shown when you are logged into the account online to say 3.05% rather than 1.25% as was the case previously. So basically the system knows that if you close your a/c in February it needs to apply any closing interest at the full 3.05% rate from the BON RAT CHG DEC online marker.


It'll be a shame to close it down (just as was the case with the Issue 2) but there are better deals out there so I'll be queuing up to close it come February. Another customer lost.

glider3560

Stupid question, but how do you get money out of the Leeds passbook accounts? I assume they're old fashioned and make you take/send the passbook for a cheque withdrawal. Is there any way of receiving withdrawals by bank transfer?

gilly56

As far as I can see there is no facility to make withdrawals or transfers-out online so I'd assume you go to a branch or post passbook off to them with your instructions. I had this address in my notes.......

Internet Accounts,
Leeds Building Society,
105 Albion Street,
Leeds,
LS1 5AS.

Dunno why they bother to call them Internet Accounts when it would seem all you can really do online with them is check your balance!