Regular Savings Accounts: The Best Currently Available List!

Daliah

SBRS - how do you make withdrawals?  I find the withdrawal information on their website confusing. Does anyone have the answers to the following (I would have called them but they are now closed until Monday):

1. can you withdraw more than £2,500 a day by faster payment?
2. how do you request a faster payment withdrawal?
3. what kind of notice, if any, is required for faster payment withdrawals?
4. what is their Society year?

Descrabled

SRBS

Withdraw by sending letter (or form provided online) together with savings book and possibly proof of current account (form provided online to nominate the current account) and sent by Royal Mail at your expense.

All this is documented in their online details.

Lots of forms you can print off t'interweb if you search their online site. Withdraw by faster payment preferably, or cheque if you want. No limit on withdrawal excepting if you want cash.

The savings book must be sent to them for any withdrawal or closure as with most small building societies.

10_66

Daliah said:

SBRS - how do you make withdrawals?  I find the withdrawal information on their website confusing. Does anyone have the answers to the following (I would have called them but they are now closed until Monday):

4. what is their Society year?

In their T&Cs item 2.2 says the Society's year end is 31 October.

Daliah

Descrabled said:

SRBS

....

The savings book must be sent to them for any withdrawal or closure as with most small building societies.

I have held several passbook accounts - never needed to return any of them for withdrawals / closure. The SRBS approach seems a shame and an unnecessary bureaucracy. Thanks for the info, anyway. 

hgt

Daliah said:

Descrabled said:

SRBS

....

The savings book must be sent to them for any withdrawal or closure as with most small building societies.

I have held several passbook accounts - never needed to return any of them for withdrawals / closure. The SRBS approach seems a shame and an unnecessary bureaucracy. Thanks for the info, anyway. 

Same here, certainly no passbook required for closure from such as Newcastle BS, Yorkshire BS, Leeds BS etc. I did apply online for the SRBS account, but I'm having second thoughts now as their processes do seem very archaic.

soulsaver

hgt said:

Daliah said:

Descrabled said:

SRBS

....

The savings book must be sent to them for any withdrawal or closure as with most small building societies.

I have held several passbook accounts - never needed to return any of them for withdrawals / closure. The SRBS approach seems a shame and an unnecessary bureaucracy. Thanks for the info, anyway. 

Same here, certainly no passbook required for closure from such as Newcastle BS, Yorkshire BS, Leeds BS etc. I did apply online for the SRBS account, but I'm having second thoughts now as their processes do seem very archaic.

Well, it should be no surprise if you read the key information - it's not 'small print'.

Descrabled

SRBS

Well I hope you saved and read the T&C for the account before you applied.

You often see in the Daily Fail of people finding old savings account books and getting really upset when investigation results in saying the account was closed. Demanding the book is presented before withdrawal or closure avoids these complaints.

 

Many small building societies, Loughborough,  Mansfield, and Tipton to name but a few, use this in their T&C and remember they often charge a fee (£10) for a lost book.

You have to decide, before opening a new account, if you wish to meet their conditions. I have many accounts that only have withdrawals by cheque with the resultant delay in the post, depositing the cheque and clearance. At least SRBS does have faster payments.

dekkard

With Virgin Money's Home Buying Coach Regular Saver accounts, if I close it before maturity do I still get any interest I'm due?

Would be good to hear from people who know the answer from experience of closing an account in this way.

I've checked the wording on the website and contacted VM direct but can't get a straight answer.

wmb194

dekkard said:

With Virgin Money's Home Buying Coach Regular Saver accounts, if I close it before maturity do I still get any interest I'm due?

Would be good to hear from people who know the answer from experience of closing an account in this way.

I've checked the wording on the website and contacted VM direct but can't get a straight answer.

Yes, of course. I closed all of mine last week. It was easy to do online.

dekkard

wmb194 said:

dekkard said:

With Virgin Money's Home Buying Coach Regular Saver accounts, if I close it before maturity do I still get any interest I'm due?

Would be good to hear from people who know the answer from experience of closing an account in this way.

I've checked the wording on the website and contacted VM direct but can't get a straight answer.

Yes, of course. I closed all of mine last week. It was easy to do online.

Thanks. I read the Ts & Cs and they're ambiguous on this.