The New Top Easy Access Savings Discussion Area

intalex

DRS1 said:

and I had a Skipton Base Rate Tracker which matured on Saturday (so you couldn't actually do anything with it until today!).

I got (an empty) one of these maturing this weekend, when you say you couldn't do anything with it until after maturity, did you mean you couldn't close it?

Bridlington1

intalex said:

DRS1 said:

and I had a Skipton Base Rate Tracker which matured on Saturday (so you couldn't actually do anything with it until today!).

I got (an empty) one of these maturing this weekend, when you say you couldn't do anything with it until after maturity, did you mean you couldn't close it?

In my experience Skipton don't allow withdrawals/closure on non-working days, if you do try to close the account over the weekend it's processed on the next working day.

I've never actually had a Skipton account mature over the weekend as I've either timed the maturity date to be a working day or closed the account early but could imagine weekend maturities would leave money stuck in limbo until after the weekend.

BooJewels

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?

Silverbullet036

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! 

Also a thumbs up from me for Monument. App is excellent and any contact I have had with customer service has been quick and efficient. My wife and I both use them and she's very happy aswell

DRS1

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.

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.