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FIREmenow said:

I think I saw someone mention on here renewing the Club Lloyds Monthly Saver to push the rate further into next year. How long does it take between closing and being allowed to open again please? 

Wondering whether to risk it tomorrow, I saw at least one person was caught mid-closing/refreshing when Santander reissued the Edge Saver at a lower rate.

Was instant. However, must log out and in again after renewing before system lets you reopen the Club Lloyds Monthly Saver.

trickydicky14

solartom said:

Re Monmouth Exclusive RS
Just heard back from Mommouth after sending message this morning 
they are stating that i have reached max balance for account and that funds would be back in my feeder account by end of play today 
i have quoted their own t&c back as discussed in thread that it says nowhere that there is max balance of £ 3600 and asked them to  please check again and get back to me

Well, while we are on the subject of 13 payments, what about the YBS loyalty RS. Could I squeeze £500 in on the first of Sept and make it 6.5K for the year?

solartom

@trickydicky14
https://www.ybs.co.uk/documents/productdata/Factsheet-YB901755W.pdf
 £ 6000 max balance excluding interest after 1 year

trickydicky14

solartom said:

@trickydicky14
https://www.ybs.co.uk/documents/productdata/Factsheet-YB901755W.pdf
 £ 6000 max balance excluding interest after 1 year

Thanks for that, I just found the T&C in Bridlington1's way back machine.

PRAISETHESUN

trickydicky14 said:

solartom said:

Re Monmouth Exclusive RS
Just heard back from Mommouth after sending message this morning 
they are stating that i have reached max balance for account and that funds would be back in my feeder account by end of play today 
i have quoted their own t&c back as discussed in thread that it says nowhere that there is max balance of £ 3600 and asked them to  please check again and get back to me

Well, while we are on the subject of 13 payments, what about the YBS loyalty RS. Could I squeeze £500 in on the first of Sept and make it 6.5K for the year?

Anecdotally, with the last YBS RS I held I accidently forgot to set my SO for 12 payments so I accidently made a 13th payment into the account. The extra payment did not get returned to me, and I'm pretty sure I got paid the appropriate amount of interest for the few weeks it was in my account before it matured.

chris_the_bee

PRAISETHESUN said:

trickydicky14 said:

solartom said:

Re Monmouth Exclusive RS
Just heard back from Mommouth after sending message this morning 
they are stating that i have reached max balance for account and that funds would be back in my feeder account by end of play today 
i have quoted their own t&c back as discussed in thread that it says nowhere that there is max balance of £ 3600 and asked them to  please check again and get back to me

Well, while we are on the subject of 13 payments, what about the YBS loyalty RS. Could I squeeze £500 in on the first of Sept and make it 6.5K for the year?

Anecdotally, with the last YBS RS I held I accidently forgot to set my SO for 12 payments so I accidently made a 13th payment into the account. The extra payment did not get returned to me, and I'm pretty sure I got paid the appropriate amount of interest for the few weeks it was in my account before it matured.

Nationwide do allow a 13th payment.

Snapdragon

Snapdragon said:

flaneurs_lobster said:

surreysaver said:

JamesRobinson48 said:

Monmouthshire BS:  RS 13th month

Yesterday I attempted to internally transfer £300 into my two in-flight Monmouthshire BS RS accounts (paying 8% and 7%), both of which mature later this month.  Both transfers were declined, on the grounds that the account maximum balance would be exceeded.  I had previously paid in the max £300 for 12 consecutive months, starting August 2023.

To the best of my knowledge, in each case the account T&Cs specify a monthly max of £300, but no max account balance is stipulated anywhere.

In other words, they're applying a "no 13th month" policy although none is stated in the account T&Cs.

Please, how did anyone in similar circumstances get on?   I assume there would be many in the same boat.  


EDIT:  the MonBS has now sent me a secure message which states: 

"The maximum account balance is £3600".   

So best of luck to everyone trying for a 13th month!

Mine is funded by standing order and the money hasn't come back

But has the money been credited to your account(s)?

My guess is no. When I tried to make a 13th payment to the Coronation Saver it took the best part of a week for the funds to be returned.

I have both the 7% (opened early Sept) hence currently on 12th payment. The 8% (opened end of Aug) which I had left the standing order in place and tried to make 13th payment given that no max balance was mentioned in the T&Cs. Both SO's exit to Monmouth at the same time, 1st of month. The final payment to the 7% has already been credited as of the 2nd, the 13th payment to the 8% has NOT been credited, nor has it been returned yet.

Have just had confirmation the £300 (13th Monmouthshire payment) has been returned to my bank.

chris_the_bee

Snapdragon said:

Snapdragon said:

flaneurs_lobster said:

surreysaver said:

JamesRobinson48 said:

Monmouthshire BS:  RS 13th month

Yesterday I attempted to internally transfer £300 into my two in-flight Monmouthshire BS RS accounts (paying 8% and 7%), both of which mature later this month.  Both transfers were declined, on the grounds that the account maximum balance would be exceeded.  I had previously paid in the max £300 for 12 consecutive months, starting August 2023.

To the best of my knowledge, in each case the account T&Cs specify a monthly max of £300, but no max account balance is stipulated anywhere.

In other words, they're applying a "no 13th month" policy although none is stated in the account T&Cs.

Please, how did anyone in similar circumstances get on?   I assume there would be many in the same boat.  


EDIT:  the MonBS has now sent me a secure message which states: 

"The maximum account balance is £3600".   

So best of luck to everyone trying for a 13th month!

Mine is funded by standing order and the money hasn't come back

But has the money been credited to your account(s)?

My guess is no. When I tried to make a 13th payment to the Coronation Saver it took the best part of a week for the funds to be returned.

I have both the 7% (opened early Sept) hence currently on 12th payment. The 8% (opened end of Aug) which I had left the standing order in place and tried to make 13th payment given that no max balance was mentioned in the T&Cs. Both SO's exit to Monmouth at the same time, 1st of month. The final payment to the 7% has already been credited as of the 2nd, the 13th payment to the 8% has NOT been credited, nor has it been returned yet.

Have just had confirmation the £300 (13th Monmouthshire payment) has been returned to my bank.

Same here.
I hope they can cope with the incoming phone calls and complaints.

surreysaver

Just had two lots of £300 returned from Monmouthshire. Obviously no mention of maximum balances mentioned in the T&Cs

clowning

trickydicky14 said:

solartom said:

Re Monmouth Exclusive RS
Just heard back from Mommouth after sending message this morning 
they are stating that i have reached max balance for account and that funds would be back in my feeder account by end of play today 
i have quoted their own t&c back as discussed in thread that it says nowhere that there is max balance of £ 3600 and asked them to  please check again and get back to me

Well, while we are on the subject of 13 payments, what about the YBS loyalty RS. Could I squeeze £500 in on the first of Sept and make it 6.5K for the year?

I made a 13th Payment into my YBS Regular esaver account last month and it wasn’t returned. I think I received appropriate interest on it when it matured last week. I will be trying the same with my loyalty R/S in a couple of months