The New Top Easy Access Savings Discussion Area

BooJewels

DRS1 said:

BooJewels said:

I recently had a Skipton BRT mature - they sent me maturity options about a month before and I went onto the web site and selected my requirements and when it did mature, by the time I got up the following morning, the funds, including final interest, were in my chosen nominated current account (to move elsewhere) the account was closed.

It happened to be a weekday, but had it been over a weekend, I would have expected it to happen on the Monday.
@DRS1 - did you not arrange your maturity options in advance?

As it happens I did not.  I had a maturity of a bond with Skipton earlier in the month and following the maturity options then showed me that I could not spread the proceeds across multiple existing Skipton accounts.  New accounts yes but existing ones no.  So I figured I would wait until after maturity to spread the Base Rate Tracker around.  I didn't twig that it matured on a Saturday night.

I thought that was one of the options offered - it said something like ' choose the first account with an amount, then subsequent accounts with their amounts' - but I didn't try or study it very carefully, as it wasn't an option I was after.  But I did split a maturing fix with them between a new ISA and cash paid out to put in another fix and the BRT just paid out to a nominated current account.  Could you not do assorted internal transfers before it matured?

where_are_we

Scoobyd10 said:

Any users of Monument here and happy to vouch for them? Got some money sat with Atom at 3.75% and thinking of shifting it across to Monument at 4.51% if feedback is positive. Thanks! 

Another thumbs up for Monument. They had a top rate flexible cash ISA for a while. However they dropped the rate excessively so I had to transfer to get a better rate. Transfer was efficient. Be prepared to ditch if rates drop. Remember their high minimum balance requirements of £25,000. You will not be able to withdraw to below this level.

CuparLad

where_are_we said:

Remember their high minimum balance requirements of £25,000. You will not be able to withdraw to below this level.

I've never had Monument enforce that limit. I currently have two open accounts, both with zero balances.

DRS1

BooJewels said:

DRS1 said:

BooJewels said:

I recently had a Skipton BRT mature - they sent me maturity options about a month before and I went onto the web site and selected my requirements and when it did mature, by the time I got up the following morning, the funds, including final interest, were in my chosen nominated current account (to move elsewhere) the account was closed.

It happened to be a weekday, but had it been over a weekend, I would have expected it to happen on the Monday.
@DRS1 - did you not arrange your maturity options in advance?

As it happens I did not.  I had a maturity of a bond with Skipton earlier in the month and following the maturity options then showed me that I could not spread the proceeds across multiple existing Skipton accounts.  New accounts yes but existing ones no.  So I figured I would wait until after maturity to spread the Base Rate Tracker around.  I didn't twig that it matured on a Saturday night.

I thought that was one of the options offered - it said something like ' choose the first account with an amount, then subsequent accounts with their amounts' - but I didn't try or study it very carefully, as it wasn't an option I was after.  But I did split a maturing fix with them between a new ISA and cash paid out to put in another fix and the BRT just paid out to a nominated current account.  Could you not do assorted internal transfers before it matured?

After you had opted to put part into one existing account your only option seemed to be to open a new one from a list of those available (which didn't happen to include the fixed rate bond I was after).  I ended up putting everything in the Base Rate Tracker and then moved it around before the Base Rate Tracker matured.  I just had not emptied it by the time it matured.

Malchester

I like Monument and have had a couple of accounts with them. I don't have any at the moment only because their app can only be used on mobile phones and not on tablets, otherwise I would not hesitate to have accounts with them.

BooJewels

DRS1 said:

BooJewels said:

DRS1 said:

BooJewels said:

I recently had a Skipton BRT mature - they sent me maturity options about a month before and I went onto the web site and selected my requirements and when it did mature, by the time I got up the following morning, the funds, including final interest, were in my chosen nominated current account (to move elsewhere) the account was closed.

It happened to be a weekday, but had it been over a weekend, I would have expected it to happen on the Monday.
@DRS1 - did you not arrange your maturity options in advance?

As it happens I did not.  I had a maturity of a bond with Skipton earlier in the month and following the maturity options then showed me that I could not spread the proceeds across multiple existing Skipton accounts.  New accounts yes but existing ones no.  So I figured I would wait until after maturity to spread the Base Rate Tracker around.  I didn't twig that it matured on a Saturday night.

I thought that was one of the options offered - it said something like ' choose the first account with an amount, then subsequent accounts with their amounts' - but I didn't try or study it very carefully, as it wasn't an option I was after.  But I did split a maturing fix with them between a new ISA and cash paid out to put in another fix and the BRT just paid out to a nominated current account.  Could you not do assorted internal transfers before it matured?

After you had opted to put part into one existing account your only option seemed to be to open a new one from a list of those available (which didn't happen to include the fixed rate bond I was after).  I ended up putting everything in the Base Rate Tracker and then moved it around before the Base Rate Tracker matured.  I just had not emptied it by the time it matured.

I'd forgotten about that - the choice to open a new account was only a fraction of those they have on sale, which was a bit odd.  I too had to open it separately, then choose it as my 'move funds to' option.  Their maturity process seems to need a bit of work.

intalex

I'm surprised people still have money in the Skipton Base Rate Tracker, the rate was superceded by their Bonus Saver (after £5k in a Members Bonus Saver), I just got intrigued by the relevance of a maturity date from recent postings but a surprise to see many still leaving funds therein...

DRS1

intalex said:

I'm surprised people still have money in the Skipton Base Rate Tracker, the rate was superceded by their Bonus Saver (after £5k in a Members Bonus Saver), I just got intrigued by the relevance of a maturity date from recent postings but a surprise to see many still leaving funds therein...

Yes the trouble with the Bonus Saver is you can't put as much as you want into it - it has a £50k limit.  So some money has ended up in a Single Access Saver which pays a mighty 3.9%.  It may be looking for a new home.

intalex

DRS1 said:

intalex said:

I'm surprised people still have money in the Skipton Base Rate Tracker, the rate was superceded by their Bonus Saver (after £5k in a Members Bonus Saver), I just got intrigued by the relevance of a maturity date from recent postings but a surprise to see many still leaving funds therein...

Yes the trouble with the Bonus Saver is you can't put as much as you want into it - it has a £50k limit.  So some money has ended up in a Single Access Saver which pays a mighty 3.9%.  It may be looking for a new home.

I seem to have 2 issues of the Bonus Saver (on top of the Members Bonus Saver), both above the Base Rate Tracker...

DRS1

intalex said:

DRS1 said:

intalex said:

I'm surprised people still have money in the Skipton Base Rate Tracker, the rate was superceded by their Bonus Saver (after £5k in a Members Bonus Saver), I just got intrigued by the relevance of a maturity date from recent postings but a surprise to see many still leaving funds therein...

Yes the trouble with the Bonus Saver is you can't put as much as you want into it - it has a £50k limit.  So some money has ended up in a Single Access Saver which pays a mighty 3.9%.  It may be looking for a new home.

I seem to have 2 issues of the Bonus Saver (on top of the Members Bonus Saver), both above the Base Rate Tracker...

Yes I think their last one was issue 14 - so you're  missing 12 of them!  I am hoping they will come along with a new one soon (and a new Member Bonus Saver).