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

trickydicky14

West Brom winter ready savings acc
Am I correct in thinking you can only make 10 payments into this account as it says, you can pay in up to 31st Oct and take your money out on the 1st Nov.

granta

West Brom - maturity question

I was expecting mine to mature on the 4th January but no interest has been added. I've just logged in and noticed my first payment in was 9 Jan 2025.
So is this one of those accounts where the date of maturity starts from the first payment date? That would explain why I can't yet close it.

Can I still open the new regular saver today or have to wait until this one closes?

Dizzycap

trickydicky14 said:

West Brom winter ready savings acc
Am I correct in thinking you can only make 10 payments into this account as it says, you can pay in up to 31st Oct and take your money out on the 1st Nov.

Yes, 31st of October with a maximum funding of £1,000 - £100 max per month - A 10 month Westbrom Winter Ready RS.

alfred64

Yorkshire are a bit slow this year. West Brom have beaten them to it.

trickydicky14

Dizzycap said:

trickydicky14 said:

West Brom winter ready savings acc
Am I correct in thinking you can only make 10 payments into this account as it says, you can pay in up to 31st Oct and take your money out on the 1st Nov.

Yes, 31st of October with a maximum funding of £1,000 - £100 max per month - A 10 month Westbrom Winter Ready RS.

Thanks for clearing that up for me, I've opened the account but I must say, 10 months at a £100 has taken the shine of it just a bit for me.

Hattie627

granta said:

West Brom - maturity question

I was expecting mine to mature on the 4th January but no interest has been added. I've just logged in and noticed my first payment in was 9 Jan 2025.
So is this one of those accounts where the date of maturity starts from the first payment date? That would explain why I can't yet close it.

Can I still open the new regular saver today or have to wait until this one closes?

Nothing in the terms of today's new Winter Ready savings account to say that you can't have one if you have an existing West Brom RS

surreysaver

Hattie627 said:

granta said:

West Brom - maturity question

I was expecting mine to mature on the 4th January but no interest has been added. I've just logged in and noticed my first payment in was 9 Jan 2025.
So is this one of those accounts where the date of maturity starts from the first payment date? That would explain why I can't yet close it.

Can I still open the new regular saver today or have to wait until this one closes?

Nothing in the terms of today's new Winter Ready savings account to say that you can't have one if you have an existing West Brom RS

I was just going to mention that! But if it takes 3-5 working days to open, my existing one will have matured anyway 

Hattie627

surreysaver said:

Hattie627 said:

granta said:

West Brom - maturity question

I was expecting mine to mature on the 4th January but no interest has been added. I've just logged in and noticed my first payment in was 9 Jan 2025.
So is this one of those accounts where the date of maturity starts from the first payment date? That would explain why I can't yet close it.

Can I still open the new regular saver today or have to wait until this one closes?

Nothing in the terms of today's new Winter Ready savings account to say that you can't have one if you have an existing West Brom RS

I was just going to mention that! But if it takes 3-5 working days to open, my existing one will have matured anyway 

My existing West Brom RS doesn't mature until 13th Jan but I've applied online today for the Winter Ready account. The terms say only one Winter Ready account per person but nothing mentioned about other RS's

allegro120

trickydicky14 said:

Dizzycap said:

trickydicky14 said:

West Brom winter ready savings acc
Am I correct in thinking you can only make 10 payments into this account as it says, you can pay in up to 31st Oct and take your money out on the 1st Nov.

Yes, 31st of October with a maximum funding of £1,000 - £100 max per month - A 10 month Westbrom Winter Ready RS.

Thanks for clearing that up for me, I've opened the account but I must say, 10 months at a £100 has taken the shine of it just a bit for me.

Whatever the limit is I'm happy with any offers paying a good rate, £100 for 10 months at 6% fixed is a healthy contribution to my RS portfolio.

topyam

The rate for the West Brom is very good. Even better that it is fixed. Given how things are heading, it's good enough for me to open.