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

Bridlington1

ChewyyBacca said:

Bridlington1 said:

ChewyyBacca said:

I need to withdraw from/close Yorkshire Loyalty Regular eSaver at 4.85%, to release some funds for Jan

Before I do that, just wanted to check here, if YBS offers any favourable maturity accounts that I should wait for, as maturity of this RS is early Feb.
Thanks

The only thing to bear in mind with YBS is that their systems seem to struggle to calculate how long you've been a member when your membership consists of overlapping accounts as it seems to go off the length of time your oldest open account has been open. It's for this reason I've kept hold of an EA account from 2022 with £1 in it.

If it isn't your oldest open YBS account I'd just close it, the account just rolls into an EA account at a lower rate.

Bridlington1 Thank you. I need to look at account opening date, though my excel sheet isnt complete in this regard. Anywhere mentioned on webapp the AOD?

Apologies for the delayed response, I haven't really stopped today.

I don't have their app but in online banking I can't see anywhere where the opening date is states explicitly but there is a workaround to work it out:

If you click on the account and then try to filter the transactions, you can flick back through the months. The calendar won't let you go back to before the account was opened. If I take my Internet Saver Plus Issue 11 as an example, I can find I opened the account on 10/6/22 using this method.

roked

GetRichOrDieSaving said:

Darlington - Cowboy errors restricting customers from accessing their own money due to internal issues and a possible rate reduction (TBC) without informing customers, not contacting us directly about the interest overpayment. I will be closing this account once the interest has been recorrected as they clearly can’t manage the money correctly. 

On another note. Progressive BS - Website login has been under maintenance all day when mine and probably many others regulars savers have matured leaving our 12 months of funds + interest stranded in a lower paying EA account with no info provided on the website as to when the account can be accessed. Very poor. 

I’ll be making complaints to both in due course.

I logged in earlier with no issues, did not know there was maintenance going on. Mine was supposed to be matured today too, there was no interest when I checked, I assumed it would be overnight instead

where_are_we

Dizzycap said:

where_are_we said:

Moving funds - another vote for the same day ever since easy access interest rates increased significantly. Santander allow you until 2pm to fulfil SO`s. I do it in the morning. 

That means you are running your SO's on 2nd attempts. SO's go out at around 1am on the date that they're due. It's ok if your bank makes all the 2nd SO attempts, but sometimes banking systems move on some SO's to payment for the next month because the initial payment should have already been made. Personally, I've found Lloyds is a terror for 2nd attempt 2pm SO errors, resulting in you having to make manual payments which is a pain when you've got a number of RSs, in addition to, Lloyds having stopped you being able to label your SO's, leaving just your name & a load of account numbers  Aparently, it's progress 

I have never had this problem and I have been doing same day payments to cover numerous SO`s and DD`s into my current account for a long time. They have always gone through. Together with my OH it works out at about £2 in extra interest a month using a 5% easy access account.

Stargunner

GetRichOrDieSaving said:

Darlington - Cowboy errors restricting customers from accessing their own money due to internal issues and a possible rate reduction (TBC) without informing customers, not contacting us directly about the interest overpayment. I will be closing this account once the interest has been recorrected as they clearly can’t manage the money correctly. 

On another note. Progressive BS - Website login has been under maintenance all day when mine and probably many others regulars savers have matured leaving our 12 months of funds + interest stranded in a lower paying EA account with no info provided on the website as to when the account can be accessed. Very poor. 

I’ll be making complaints to both in due course.

It was working fine for me this morning and I made a withdrawal, which arrived in my bank this afternoon.

GetRichOrDieSaving

Stargunner said:

GetRichOrDieSaving said:

Darlington - Cowboy errors restricting customers from accessing their own money due to internal issues and a possible rate reduction (TBC) without informing customers, not contacting us directly about the interest overpayment. I will be closing this account once the interest has been recorrected as they clearly can’t manage the money correctly. 

On another note. Progressive BS - Website login has been under maintenance all day when mine and probably many others regulars savers have matured leaving our 12 months of funds + interest stranded in a lower paying EA account with no info provided on the website as to when the account can be accessed. Very poor. 

I’ll be making complaints to both in due course.

It was working fine for me this morning and I made a withdrawal, which arrived in my bank this afternoon.

Ok thank you. Although I’m receiving the following: 

Progressive Building Society's online service is currently unavailable due to scheduled maintenance. If you need to contact us during this time, please call our online support team on 0800 0294 997, lines open Monday - Friday, 9am - 5pm.

nottsphil

GetRichOrDieSaving said:

Darlington -  Progressive BS - 

I’ll be making complaints to both in due course.

I've had the same issue with Chorley. When should I have got my money if the RS matured on 31 December? I prearranged for it to continue, with matured funds going into the linked current account.

Stargunner

GetRichOrDieSaving said:

Stargunner said:

GetRichOrDieSaving said:

Darlington - Cowboy errors restricting customers from accessing their own money due to internal issues and a possible rate reduction (TBC) without informing customers, not contacting us directly about the interest overpayment. I will be closing this account once the interest has been recorrected as they clearly can’t manage the money correctly. 

On another note. Progressive BS - Website login has been under maintenance all day when mine and probably many others regulars savers have matured leaving our 12 months of funds + interest stranded in a lower paying EA account with no info provided on the website as to when the account can be accessed. Very poor. 

I’ll be making complaints to both in due course.

It was working fine for me this morning and I made a withdrawal, which arrived in my bank this afternoon.

Ok thank you. Although I’m receiving the following: 

Progressive Building Society's online service is currently unavailable due to scheduled maintenance. If you need to contact us during this time, please call our online support team on 0800 0294 997, lines open Monday - Friday, 9am - 5pm.

That is strange, as I have just logged in again from my PC and everything is working fine with no message regarding scheduled maintenance

GetRichOrDieSaving

Stargunner said:

GetRichOrDieSaving said:

Stargunner said:

GetRichOrDieSaving said:

Darlington - Cowboy errors restricting customers from accessing their own money due to internal issues and a possible rate reduction (TBC) without informing customers, not contacting us directly about the interest overpayment. I will be closing this account once the interest has been recorrected as they clearly can’t manage the money correctly. 

On another note. Progressive BS - Website login has been under maintenance all day when mine and probably many others regulars savers have matured leaving our 12 months of funds + interest stranded in a lower paying EA account with no info provided on the website as to when the account can be accessed. Very poor. 

I’ll be making complaints to both in due course.

It was working fine for me this morning and I made a withdrawal, which arrived in my bank this afternoon.

Ok thank you. Although I’m receiving the following: 

Progressive Building Society's online service is currently unavailable due to scheduled maintenance. If you need to contact us during this time, please call our online support team on 0800 0294 997, lines open Monday - Friday, 9am - 5pm.

That is strange, as I have just logged in again from my PC and everything is working fine with no message regarding scheduled maintenance

I’ve just tried on the misses’s phone
and that seemed to work so must be my web browser. I take back my original PBS complaint I was wrong about that. Thanks for the response.

happybagger

nottsphil said:

GetRichOrDieSaving said:

Darlington -  Progressive BS - 

I’ll be making complaints to both in due course.

I've had the same issue with Chorley. When should I have got my money if the RS matured on 31 December? I prearranged for it to continue, with matured funds going into the linked current account.

Chorley use Bacs not faster payments so can take 3 working days (their terms say up to 5!)

And, if like me you time your visit to Chorley to do it in branch, they will do it in branch by chaps at a cost of £25!! Bacs not available in branch, but you can take a cheque. So I took the cheque!

All a bit behind the times really but within their terms

allegro120

nottsphil said:

GetRichOrDieSaving said:

Darlington -  Progressive BS - 

I’ll be making complaints to both in due course.

I've had the same issue with Chorley. When should I have got my money if the RS matured on 31 December? I prearranged for it to continue, with matured funds going into the linked current account.

Exactly the same here.  I've just googled it - Chorley sends it by BASC which takes 3 working days, according to this we should get our money on Monday.  Yesterday and this morning my account was still showing £4800, now it is showing the interest paid, £400 in and the sum sent to my bank account (transaction is dated 31/12/25).