Regular Savings Accounts: The Best Currently Available List!

schiff

adindas said:

I just received maturity notification of my Coventry RS i1. But I did not see any maturity form is attached. So how to close that account is it just by writing cancelation request letter?

What is the easiest way to close your Coventry RS i1? Is it possible to do it online and ask them to transfer it to your current account??

Wait till the proceeds have been moved to the EAS (inference is the day after) then FP it to your chosen account - all online.

castle96

"we will write to you again before...." " we will transfer to easy access a/c". Just go on line and transfer it out

typistretired

Whatever you do, do not withdraw any money until the maturity funds have moved to the easy access account otherwise you could suffer a loss of interest as stated in their maturity letter.

colsten

adindas said:

What is the easiest way to close your Coventry RS i1? 

As your letter says, Coventry will automatically move your savings to their Easy Access Saver and close your Regular Saver. 

Fingerbobs

where_are_we said:

Fingerbobs said:

mhoc said:

Regarding MBS - Opened on August 22nd and it took 10 days it took for paperwork to arrive, now signed and returned with a cheque. I also sent a letter asking for the maturity date to be confirmed by mail or messaging. I have now twice added the new account number. I also put a message on twitter about the length of time but I have had no response. In the meantime Cambridge sent me a thank you letter for opening an account. 

I'm on Day 12 since application, and still no paperwork received.

I sent them a secure message yesterday asking for confirmation they had received my online application, but no reply as yet.

Edit: Just logged in to find a message saying they have no record of my application! I referred to my screen captures and gave them the exact date and time the application was submitted, now waiting to see what happens.

Good luck with that - We applied on 23/8, received signature forms one on 27/8 and one on 29/8, signature plus opening cheque for £250 each posted back on day received and both cheques deposited on 3/9 and accounts showing up online.

Congatulations to those who got deposits in before the end of the month.

I'll give them a call on monday if I still haven't had a reply. Doesn't seem fair if they now deny me an account because they have lost my application. I have screen captures of the entire application process, including the confirmation screen, so they can't deny I applied.

typistretired

Rather than waste your money on a telephone call as you could be in a long queue - use the email facility on their contact page. They respond very quickly but check your junk mail because response seems to end up there.

SoozyJ22

I've just received an email from Coventry BS regarding the maturity of my regular saver later this month but it keeps referring to a letter which I haven't received: "If you've chosen option 1 ..."If you've already given us your instructions ..." otherwise "Please read the letter".

I've logged into my online account in case any options show there but can't see anything. 

I just want to transfer the money out when the account matures. Can someone who's recently received the maturity letter let me know if I need to do something up front for that to happen? I was just expecting it to mature and then go in to my online account to transfer out. 

colsten

SoozyJ22 said:

I've just received an email from Coventry BS regarding the maturity of my regular saver later this month but it keeps referring to a letter which I haven't received: "If you've chosen option 1 ..."If you've already given us your instructions ..." otherwise "Please read the letter".

I've logged into my online account in case any options show there but can't see anything. 

I just want to transfer the money out when the account matures. Can someone who's recently received the maturity letter let me know if I need to do something up front for that to happen? I was just expecting it to mature and then go in to my online account to transfer out. 

You don't need to do anything now. Your matured funds will be transferred automatically to their Easy Access Saver (0.3% AER), from which you can then withdraw them in online banking. You can do exactly what you would like to do, and you don't have to give any prior notice or instructions.

The email they sent this morning seems to be a boilerplate email which refers to a letter you are supposed to have got. I received mine on Saturday, so yours might still be in the post. The letter is lengthy but in essence just says what I said above.

ctdctd

SoozyJ22 said:

I've just received an email from Coventry BS regarding the maturity of my regular saver later this month but it keeps referring to a letter which I haven't received: "If you've chosen option 1 ..."If you've already given us your instructions ..." otherwise "Please read the letter".

I just want to transfer the money out when the account matures. Can someone who's recently received the maturity letter let me know if I need to do something up front for that to happen? I was just expecting it to mature and then go in to my online account to transfer out.

I've had the email and also the letter - it just says "We'll automatically move your savings to an Easy Access Saver (6) and close your regular saver"

No mention of Option 1 and it says "You don't need to do anything" to get the above.

It does warn not to move anything before it turns up in the Easy Access saver or you might get a 30 day interest penalty.

Methinks Email department not communicating with the Letter department!

quirkydeptless

I received the letter dated 03-SEP and the email Today, as described above.

You can send a secure message online to follow up on your missing letter, although just doing nothing will mean is just goes into an Easy Access Saver (6) according to the letter.