Regular Savings Accounts: The Best Currently Available List!

surreysaver

bubieyehyeh said:

veryintrigued said:

bubieyehyeh said:

While the letter is carefully worded I believe you can close the account early, based on the saving terms and conditions section 7.8
https://www.thenottingham.com/~/media/files/savings/forms and documents/savings-terms-march-19-lit3117.pdf?la=en

If we materially decrease an interest rate to your disadvantage, we will notify you in writing 14 days in advance of the change.

You will be given 30 days from the date of this notification to close or switch your account without notice or penalty.

We will define a decrease to an interest rate as ‘material’ if it reduces more than the Bank of England Base Rate

So I've emailed to ask if my assumption is correct, and if so what the early closure process is. .

Notts BS
Any response from NBS please @bubieyehyeh

Heard nothing so far, I will post when I hear unless someone else gets an answer first.

Emailed them yesterday. Awaiting response... 

surreysaver

Frogletina said:

Every_Penny_Counts said:

badger09 said:

Virgin Money
Has anyone received anything from VM relating to maturity of store based RS19 which matures 1/11 yet?

Not me 😟

I have received my letter today.
Proceeds will transfer to Easy access saver reward issue 27 paying a  variable interest rate of 0.75%. Transfer will take place on Monday 2 November and interest paid at current rate till then.

The easy access account is only available to maturing regular saver customers. 

0.75 not uncompetitive. Saves having to rush down the branch on maturity day! 

soulsaver

As the conversion is from a store account I'm guessing the VM Easy Access iss 27 won't be visible on line? 

schiff

Notts BS
Any response from NBS please @bubieyehyeh

Heard nothing so far, I will post when I hear unless someone else gets an answer first.

Emailed them yesterday. Awaiting response... 

Phoned today. I'm sending my passbook in with my request for a cheque in the post; the only alternative, or so I was told, to calling in a branch. The MOS checked with superiors that it's all there is. I'll set the closing date to maximise the interest. I've  cancelled the SO. 

veryintrigued

schiff said:

Notts BS
Any response from NBS please @bubieyehyeh

Heard nothing so far, I will post when I hear unless someone else gets an answer first.

Emailed them yesterday. Awaiting response... 

Phoned today. I'm sending my passbook in with my request for a cheque in the post; the only alternative, or so I was told, to calling in a branch. The MOS checked with superiors that it's all there is. I'll set the closing date to maximise the interest. I've  cancelled the SO. 

Notts

So you confirmed (on the phone) that early closure was possible on the accounts where early closure / withdrawal is not normally allowed?

And where did you phone? Head office or branch? And where are you sending the passbooks - branch or H.O?

Did you also ask if a part withdrawal was possible too?
@schiff

JamesRobinson48

Saffron BS has launched an RS paying 1.50% fixed for one year on up to £500pm.  But it is for 'locals' only, which counts me out.

glider3560

JamesRobinson48 said:

Saffron BS has launched an RS paying 1.50% fixed for one year on up to £500pm.  But it is for 'locals' only, which counts me out.

It's a shame for those of us who used to live locally (and opened accounts whilst local) but don't live in the area anymore 

schiff

veryintrigued said:

schiff said:

Notts BS
Any response from NBS please @bubieyehyeh

Heard nothing so far, I will post when I hear unless someone else gets an answer first.

Emailed them yesterday. Awaiting response... 

Phoned today. I'm sending my passbook in with my request for a cheque in the post; the only alternative, or so I was told, to calling in a branch. The MOS checked with superiors that it's all there is. I'll set the closing date to maximise the interest. I've  cancelled the SO. 

Notts

So you confirmed (on the phone) that early closure was possible on the accounts where early closure / withdrawal is not normally allowed?

And where did you phone? Head office or branch? And where are you sending the passbooks - branch or H.O?

Did you also ask if a part withdrawal was possible too?
@schiff

Yes. The branch I used to visit prior to lockdown. Passbook to branch. Didn't ask as I wasn't interested.

Every_Penny_Counts

JamesRobinson48 said:

Saffron BS has launched an RS paying 1.50% fixed for one year on up to £500pm.  But it is for 'locals' only, which counts me out.

Thanks for this, luckily I do live within the Postcode areas so have set one up.

Thanks again

EPC

where_are_we

JamesRobinson48 said:

Saffron BS has launched an RS paying 1.50% fixed for one year on up to £500pm.  But it is for 'locals' only, which counts me out.

Thanks James - it`s a good one. This account is restricted to customers in the following postcodes; AL, CB, CM, CO, EN, IG, RM, SG and SS. This covers quite a large area so you might qualify even though you do not live near Saffron Walden. We live 30 miles away but scrape in. OH successfully opened RS7 although it comes up online as RS6 with .05% interest though I seem to remember this happening before and corrects subsequently. £500 deposit made and 11 SO`s for £500 set up - calendar months and £6000 maximum - means you can`t do 13 monthly payments. Only one RS allowed at one time - I will have to wait until my existing RS matures.