Regular Savings Accounts: The Best Currently Available List!

schiff

More than a bit surprised by this in the Nottingham BS T&Cs:

"If an account is held by an individual who dies:

1. the money in the account will normally be paid to the person who is entitled to it under the deceased's will or the laws which apply if someone dies without leaving a will; but

2. if the amount in the account is £15,000 or less (or a different amount if the government decides), our rules (which follow the law governing building societies) allow us to pay the money to a person who gives us a formal declaration that they are legally entitled to it."

So someone in the family, fast off the mark, can make a formal declaration and when the executors find out, then the expensive litigation to get it back begins?

teddysmum

schiff wrote: »

More than a bit surprised by this in the Nottingham BS T&Cs:

"If an account is held by an individual who dies:

1. the money in the account will normally be paid to the person who is entitled to it under the deceased's will or the laws which apply if someone dies without leaving a will; but

2. if the amount in the account is £15,000 or less (or a different amount if the government decides), our rules (which follow the law governing building societies) allow us to pay the money to a person who gives us a formal declaration that they are legally entitled to it."

So someone in the family, fast off the mark, can make a formal declaration and when the executors find out, then the expensive litigation to get it back begins?

It would suit a situation where someone has paid up front for the funeral or is listed in the will as being entitled to the money in that specific account, as it would pay up without waiting for probate sales of property etc.


The funeral bill or copy of the will would be acceptable proof. I doubt that they would just accept a letter saying that the person is son, nephew, aunt of the deceased and so entitled.

fabsaver

Virgin Money Regular Saver Issue 2 (store)

Virgin Money have released a new issue of their store operated Regular Saver http://uk.virginmoney.com/savings/find/regular_saver_issue_2/overview/

Interest 2.25% fixed on up to £250/month and maturity date 1st February 2018.

Remember one account per issue allowed.

Who's going to be first to rush to their local store and open one

tg99

fabsaver wrote: »

Virgin Money Regular Saver Issue 2 (store)

Virgin Money have released a new issue of their store operated Regular Saver http://uk.virginmoney.com/savings/find/regular_saver_issue_2/overview/

Interest 2.25% fixed on up to £250/month and maturity date 1st February 2018.

Remember one account per issue allowed.

Who's going to be first to rush to their local store and open one

I was intending opening the issue 1 at my appointment on Friday so looks like will be issue 2 instead then....am assuming the store issue 1 will no longer be available such that I can't do both (though technically my appointment is for the issue 1 so maybe there'll still let me have that one too since the appointment has been booked).

Hal17

fabsaver wrote: »

Virgin Money Regular Saver Issue 2 (store)

Virgin Money have released a new issue of their store operated Regular Saver http://uk.virginmoney.com/savings/find/regular_saver_issue_2/overview/

Interest 2.25% fixed on up to £250/month and maturity date 1st February 2018.

Remember one account per issue allowed.

Who's going to be first to rush to their local store and open one

Thank you for the heads up on this. Just opened an Issue 2 monthly saver on line.

where_are_we

I would phone up the branch if you already have an online Virgin regular e-saver issue 2 and intend opening the new branch based regular saver issue 2 as well. My wife and I opened branch based regular savers issue 1 last week and were told that because our online regular e-savers (opened in December) were issue 2 it was allowable to have both online and branch accounts at the same time. So, he said, as long as the issue number was different it was OK. So check if an online issue 2 and a branch issue 2 can be had at the same time.

ColdIron

A small heads up, the maturity date is 20/12/17 if opened online and not at a store

[Deleted User]

ColdIron wrote: »

A small heads up, the maturity date is 20/12/18 if opened online and not at a store

Issue 2 of the online Regular Saver has maturity date of 20 December 2017 (not 2018). Better with the store version if you can only have one version of Issue 2.

ColdIron

Deleted_User wrote: »

Issue 2 of the online Regular Saver has maturity date of 20 December 2017 (not 2018). Better with the store version if you can only have one version of Issue 2.

Yup apols, corrected, poor heads up

Ashen

Just opened a Saffron BS Regular Saver by post. Anyone else able to confirm that this account (and possibly maturity account) doesn't show up online? I assume then there's no way to track the balance if so.