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GetRichOrDieSaving

My gatehouse RS shows profit, states it’s still a RS (not EA) but has a rate of 5% and I can’t withdraw my money and that’s logging in online not the app…. 🤷🏼😂

EDIT - I have the option to withdraw in the app. 

Bridlington1

Principality BS to launch a 6 Month Regular Saver Issue 2 over the coming days.

No further details are known yet but the application link to the account has appeared on their website which implies Issue 1 at 8% shall be replaced within the next week or so.

Aidanmc

Also here about the Gatehouse maturity.

Had message in account to say now matured and in easy access account, but its still showing as a Regular Saver on my account, profit rate is showing at 5%?

allegro120

gt94sss2 said:

Gatehouse have added the interest/profit due to those who opened their RS accounts on 29/11/23.

Not 100% sure what rate is applicable to the easy access accounts. I would be pleasantly surprised if it is 5% as the account suggests in online banking/their app..

I didn't expect this, I thought they will either morph the account into EA at 4.51% (4.6%AER) or transfer the money into my existing EA.  5% EPR is 5.12% AER, but it is still showing as Regular Saver.  If it shows as EA at this rate tomorrow I won't be withdrawing. 

Aidanmc

allegro120 said:

gt94sss2 said:

Gatehouse have added the interest/profit due to those who opened their RS accounts on 29/11/23.

Not 100% sure what rate is applicable to the easy access accounts. I would be pleasantly surprised if it is 5% as the account suggests in online banking/their app..

I didn't expect this, I thought they will either morph the account into EA at 4.51% (4.6%AER) or transfer the money into my existing EA.  5% EPR is 5.12% AER, but it is still showing as Regular Saver.  If it shows as EA at this rate tomorrow I won't be withdrawing. 

Thats what i was thinking! Can we add more to it i wonder?

GetRichOrDieSaving

Yeah I’m keeping mine put until we understand more about this mysterious account….

GetRichOrDieSaving

allegro120 said:

gt94sss2 said:

Gatehouse have added the interest/profit due to those who opened their RS accounts on 29/11/23.

Not 100% sure what rate is applicable to the easy access accounts. I would be pleasantly surprised if it is 5% as the account suggests in online banking/their app..

I didn't expect this, I thought they will either morph the account into EA at 4.51% (4.6%AER) or transfer the money into my existing EA.  5% EPR is 5.12% AER, but it is still showing as Regular Saver.  If it shows as EA at this rate tomorrow I won't be withdrawing. 

Mines states 5% AER in app. 

Bigwheels1111

Mine is the same 5%, was going to move to Trading212 but will leave it be for now.

As long as its 5% that is.

£156.20, 13th payment made.

allegro120

Aidanmc said:

allegro120 said:

gt94sss2 said:

Gatehouse have added the interest/profit due to those who opened their RS accounts on 29/11/23.

Not 100% sure what rate is applicable to the easy access accounts. I would be pleasantly surprised if it is 5% as the account suggests in online banking/their app..

I didn't expect this, I thought they will either morph the account into EA at 4.51% (4.6%AER) or transfer the money into my existing EA.  5% EPR is 5.12% AER, but it is still showing as Regular Saver.  If it shows as EA at this rate tomorrow I won't be withdrawing. 

Thats what i was thinking! Can we add more to it i wonder?

If that's a normal EA account then we can, the limit for my existing EA is £250,000.

Aidanmc

allegro120 said:

Aidanmc said:

allegro120 said:

gt94sss2 said:

Gatehouse have added the interest/profit due to those who opened their RS accounts on 29/11/23.

Not 100% sure what rate is applicable to the easy access accounts. I would be pleasantly surprised if it is 5% as the account suggests in online banking/their app..

I didn't expect this, I thought they will either morph the account into EA at 4.51% (4.6%AER) or transfer the money into my existing EA.  5% EPR is 5.12% AER, but it is still showing as Regular Saver.  If it shows as EA at this rate tomorrow I won't be withdrawing. 

Thats what i was thinking! Can we add more to it i wonder?

If that's a normal EA account then we can, the limit for my existing EA is £250,000.

Just read the message they sent.

Looks like we can deposit.

Here is a summary of your account:

· Current profit rate: 5.00%
· Current balance: 00000003754.32
What happens next?
As per the Regular Saver Terms and Conditions, we have automatically moved your funds into an
Easy Access account. You´re able to view your new account by logging into your account online.
You´re able to make deposits or withdrawals or you can close this account online.
If you have any questions, or would like to speak to a member of our team, call us on 0345 600 3350
and we´ll be happy to help.
Thank you for choosing Gatehouse Bank.

Edit. I didn't make the 13th deposit. It was returned and i didnt bother with it after that,