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Regular Savings Accounts: The Best Currently Available List!

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Comments

  • 1882 said:
    Monmouthshire BS have asked me for an original or certified copy of a bank statement before accepting my current account for withdrawals. My Nationwide FlexDirect doesn't and wont issue paper statements. What's the solution, get the branch to issue something? In theory at least, I'm not supposed to use the branch either with this account.
    I asked if a voided cheque would prove ownedship of account, and they said it would.

  • Speculator
    Speculator Posts: 2,386 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 14 September 2020 at 12:44PM
    schiff said:
    Chorley BS
    Slick procedure when the Loyalty Season Saver matures on 31.10.2020. Form and envelope provided to roll over to the new LSS, interest rate 1.35% variable. Roll over is nominal at £1 but no doubt topping up will follow. No need to complete a full application. The balance of the matured funds paid to the nominated account - they say the same day but it's a Saturday. 
    As I understand it, the £1 rollover will be dated 31/10/2020 so you  probably won't be able to top it up.
    Next S/O payment will be 1/11/2020. Account no. and sortcode remains the same so just need to amend existing Standing order to say £250.
    Also, does anyone know if we need to return the passbook with the maturity form? Doesn't mention anywhere that we have to return our passbooks.

    To answer my own question, they don't need your passbook with the maturity form.

    I've decided to choose option 2 because 1.35% is too low (they are paying 1.85% on the Members Reg) and no withdrawals even if they reduce the interest rate.

  • snow62
    snow62 Posts: 21 Forumite
    Fourth Anniversary 10 Posts
    1882 said:
    Monmouthshire BS have asked me for an original or certified copy of a bank statement before accepting my current account for withdrawals. My Nationwide FlexDirect doesn't and wont issue paper statements. What's the solution, get the branch to issue something? In theory at least, I'm not supposed to use the branch either with this account.
    Similar to dcs34: I printed the latest statement from pdf, and also sent them the last statement I received in the post before it went to online statements.  That worked fine and they sent them back with the letter of confirmation.  Admittedly that doesn't necessarily help if you've only ever had online statements.
  • schiff
    schiff Posts: 20,313 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I can never work out why building societies need to see the current account statement. What is it for: Are you money laundering? Can you afford to invest £250? Are you who you say you are? What can they work out from it? I know they are probably following some of the legal requirements but some common sense should be exercised; it's not a loan or mortgage where that could be reasonably adhered to. I consider my regular current account as personal and very private (and no, I don't have subs to !!!!!! sites and Al Quaeda). I've resisted every request so far without a comeback and will continue doing so.
  • granta
    granta Posts: 539 Forumite
    Tenth Anniversary 500 Posts Photogenic Name Dropper
    schiff said:
    I can never work out why building societies need to see the current account statement. What is it for: Are you money laundering? Can you afford to invest £250? Are you who you say you are? What can they work out from it? I know they are probably following some of the legal requirements but some common sense should be exercised; it's not a loan or mortgage where that could be reasonably adhered to. I consider my regular current account as personal and very private (and no, I don't have subs to !!!!!! sites and Al Quaeda). I've resisted every request so far without a comeback and will continue doing so.
    I share your views! I just send them a statement from a current account that has virtually no transactions. M and S still send me paper statements that does nicely. 
  • granta said:
    schiff said:
    I can never work out why building societies need to see the current account statement. What is it for: Are you money laundering? Can you afford to invest £250? Are you who you say you are? What can they work out from it? I know they are probably following some of the legal requirements but some common sense should be exercised; it's not a loan or mortgage where that could be reasonably adhered to. I consider my regular current account as personal and very private (and no, I don't have subs to !!!!!! sites and Al Quaeda). I've resisted every request so far without a comeback and will continue doing so.
    I share your views! I just send them a statement from a current account that has virtually no transactions. M and S still send me paper statements that does nicely. 
    Its a box ticking exercise. It doesn't prove anything. It just ticks a box and keeps some manager somewhere busy. 
    I consider myself to be a male feminist. Is that allowed?
  • veryintrigued
    veryintrigued Posts: 3,843 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 15 September 2020 at 4:13PM
    Notts BS RS
    This (original) RS is having its rate reduced to 0.55% with bonus ( 0.05 without) from 1st October.

    I wonder if the fantastic rate promise they made as Covid closed in is now coming to an end for all their other RS?

    Edit - reading the letter it states '...we have now taken the decision to lower our savings rates...'.

    Hence those with their other RS brace yourselves for a few letters in the next few days.
  • liamcov
    liamcov Posts: 652 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Notts BS RS
    This (original) RS is having its rate reduced to 0.55% with bonus ( 0.05 without) from 1st October.

    I wonder if the fantastic rate promise they made as Covid closed in is now coming to an end for all their other RS?

    Edit - reading the letter it states '...we have now taken the decision to lower our savings rates...'.

    Hence those with their other RS brace yourselves for a few letters in the next few days.
    Yes you must be right. That's a shame. My only variable rate product with them is the RS issue 2 which is currently at 2%. I guess I'll be closing more than just the Seasonal Saver come 30 November.
  • schiff said:
    Chorley BS
    Slick procedure when the Loyalty Season Saver matures on 31.10.2020. Form and envelope provided to roll over to the new LSS, interest rate 1.35% variable. Roll over is nominal at £1 but no doubt topping up will follow. No need to complete a full application. The balance of the matured funds paid to the nominated account - they say the same day but it's a Saturday. 
    I have been expecting, but haven't yet received, this letter from the Chorley BS.  Please, is anyone else in the same boat?
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