The Old Regular Savers Discussion Thread 28/12/24-29/1/26

nomorekids

solartom said:

Re Darlington interest payment i just cecked and it seems rather a lot(90 odd pounds) for 6 month payments anyone had that too ?

£68 for me and was expecting a tenner, well that makes my "blown my PSA" even worse, especially if they now don't pay anymore next tax year. 

wondering what will happen but nice problem to have, not complaining if we get to keep 

Hattie627

nomorekids said:

solartom said:

Re Darlington interest payment i just cecked and it seems rather a lot(90 odd pounds) for 6 month payments anyone had that too ?

£68 for me and was expecting a tenner, well that makes my "blown my PSA" even worse, especially if they now don't pay anymore next tax year. 

wondering what will happen but nice problem to have, not complaining if we get to keep 

I don't think we will get to keep

s71hj

Bridlington1 said:

s71hj said:

I have now had a letter confirming Dudley branch RS open, account number etc. If I make a payment before the end of today will it count as my December payment and work to my advantage or am I best to just start tomorrow? 

According to my records the cut off time for payments to be received in order to be treated as having been received the same day is 6pm so you might be able to sneak a December payment in if you're quick.

Logged into Dudley and it's showing as a 1st Jan payment. Worth a try though

clairec666

Well, some may be tempted to empty and close the account before any correction is made. Feels a bit dishonest though.

If on the other hand they don't correct it automatically, I'm not going out of my way to repay them...

Kim_13

nomorekids said:

solartom said:

Re Darlington interest payment i just cecked and it seems rather a lot(90 odd pounds) for 6 month payments anyone had that too ?

£68 for me and was expecting a tenner, well that makes my "blown my PSA" even worse, especially if they now don't pay anymore next tax year. 

wondering what will happen but nice problem to have, not complaining if we get to keep 

I do wonder if they will already have the BBSI with the incorrect figure in it - if they can’t amend it they would have to let taxpayers keep 20%, 40% or 45% of the extra, as otherwise they will be having to pay tax on income they haven’t received. No one should be left out of pocket through no fault of their own.

Hattie627

Someone at Darlington is going to be looking for a new job soon.

Bob2000

Darlington  regular saver 

I opened this regular saver( I think it is the same account  that is being discussed)? in October 2025, then emptied it in November except  for a £1. Today, l started  to fund it again £250 and after seeing  the posts on here, l had a look online. My £1 generated  a whooping 93p! 

Bobblehat

clairec666 said:

Well, some may be tempted to empty and close the account before any correction is made. Feels a bit dishonest though.

If on the other hand they don't correct it automatically, I'm not going out of my way to repay them...

Assuming they don't also pay what was expected in August (~£80), I'd like ~£9 to be paid in August, that would make it up to around £102 (£93+£9) is was expecting had the correct interest been paid in December and August!

I expect them to correct December's interest and will make a note to check what the total figure is in August. In my case estimated at ~£18+£84 

nomorekids

Bobblehat said:

clairec666 said:

Well, some may be tempted to empty and close the account before any correction is made. Feels a bit dishonest though.

If on the other hand they don't correct it automatically, I'm not going out of my way to repay them...

Assuming they don't also pay what was expected in August (~£80), I'd like ~£9 to be paid in August, that would make it up to around £102 (£93+£9) is was expecting had the correct interest been paid in December and August!

I expect them to correct December's interest and will make a note to check what the total figure is in August. In my case estimated at ~£18+£84 

and compensate for those who have to pay extra tax on the 31st Dec interest paid? I wonder ............

may be easier to just reverse and pay what everyone is expecting\?

arthurdick

solartom said:

Re Darlington interest payment i just cecked and it seems rather a lot(90 odd pounds) for 6 month payments anyone had that too ?

Darlington:

I opened my account around the 8th August, I got exactly £93 yesterday.