YBS Christmas Saver Maturity

Bridlington1

subjecttocontract said:

Bridlington1 said:

allegro120 said:

I will be closing the issue 13 tomorrow first thing in the morning. Could anyone advise how long it takes for money to arrive? The reason I'm asking - tomorrow is the RS distribution day and I'd rather avoid making extra transactions if I can expect my £3072.86 to be in my feeder bank account tomorrow early enough to distribute it across my existing RSs.

I've found withdrawals arrive the day after they are requested so if you request the withdrawal tomorrow it would arrive at some point on 2nd.

Presumably that applies to withdrawals to feeder accounts & not to internal YBS transfers from issue 13 to Loyalty 6 Access accounts ?

That is correct. Internal transfers are completed immediately.

friolento

They opened a second Internet Saver Plus for me and transferred the balance of the Xmas Saver into it. I have requested closure of that account and should finally get my money in my current account tomorrow. I am not particularly impressed with this maturity process, and disappointed that they haven’t offered another Xmas Saver but it is what it is

Wheres_My_Cashback

friolento said:

They opened a second Internet Saver Plus for me and transferred the balance of the Xmas Saver into it. I have requested closure of that account and should finally get my money in my current account tomorrow. I am not particularly impressed with this maturity process, and disappointed that they haven’t offered another Xmas Saver but it is what it is

If they offer another Xmas saver it’s likely to be in the new year just as this one was.

mebu60

friolento said:

They opened a second Internet Saver Plus for me and transferred the balance of the Xmas Saver into it. I have requested closure of that account and should finally get my money in my current account tomorrow. I am not particularly impressed with this maturity process, and disappointed that they haven’t offered another Xmas Saver but it is what it is

They may do in the New Year. This one started in January. The logic being to save for 10 months then spend it over the next two. Though most on here I suspect will be reallocating it to other savings accounts. 

AndyTh_2

I closed my xmas saver yesterday to an external account, the day before it was to convert over to Internet Saver, and I've now got the payment with the interest and with no charges, so looks like the previous Loyalty Regular Saver maturity issue is gone.

fabsaver

fabsaver said:

Wheres_My_Cashback said:

Aidanmc said:

The interest has been added today.

Do YBS  automatically transfer it to savings account now?

The interest was 'added' 10 days ago and should be left there until they move it otherwise you might run into problems as others have done previously.

It looks like I may have volunteered to test their systems for them 

I'll report back on any problems I encounter with the money arriving in my current account or the remaining £1 being transferred.

So far so good. The withdrawal amount I requested successfully arrived in my current account this morning.

The remaining £1 was still in the account. Rather than transferring it to my existing Internet Saver Plus Issue 13 it looks like they renamed the Christmas Saver account into a second Internet Saver Plus Issue 13.

I've requested closure of the account this morning, to get my remaining £1. The process kicked me out of the site and sent me to a site unavailable page, even when I tried to log back in. That's pretty par for the course with YBS. I've received a confirmation email for the closure request, so hopefully the remaining £1 will arrive tomorrow.

subjecttocontract

I usually donate such small amounts to charities. If you can, you should try it, it'll make you feel good about yourself.