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

WillPS

Kim_13 said:

Loughborough 

I received an email (not on the secure messaging platform for some reason) advising that they had received my opening deposit and correctly quoting the amount of that deposit. The email was from the address the application was emailed to. It said that only one payment per month was allowed, but that they would make an exception this month if the payment was a test payment.

I wasn’t aware of 1 payment per month being a maximum, only that a payment was required each month. I don’t know if it’s a restriction they have put in because I said on the application form that I would use the account monthly, but it would be a first if they have.

That would explain the slightly cryptic 'are you going to send any more money?' question my wife was sent (but I wasn't)! Her reply was 'yes, in line with the terms of the account it will be funded by monthly standing order moving forwards'.

I'll change those (minimum funding) standing orders to the end of the month now to give us a chance to send more mid-month if we need to.

Thanks for the heads up.

Bridlington1

Thanks for bringing the Loughborough BS one payment per month restriction to my attention. The first page of this thread and the listings in the archived thread have been updated accordingly.

KneadtheDough

Bridlington1 said:

Thanks for bringing the Loughborough BS one payment per month restriction to my attention. The first page of this thread and the listings in the archived thread have been updated accordingly.

Yes, I have just noted that "Maximum of one receipt per calendar month" in my Loughborough RS, yet for months now I have been sending many deposits pcm — so far NONE of them have been returned, so I only hope that they have credited them all!

allegro120

PowerSavingMode said:

Bridlington1 said:

Thanks for bringing the Loughborough BS one payment per month restriction to my attention. The first page of this thread and the listings in the archived thread have been updated accordingly.

Yes, I have just noted that "Maximum of one receipt per calendar month" in my Loughborough RS, yet for months now I have been sending many deposits pcm — so far NONE of them have been returned, so I only hope that they have credited them all!

I'm sure they have.  They can't keep your money on your account and not pay interest. Normally any overpayments or incorrect payments are returned within a day or two.  You can always call Loughborough and check your balance, if the balance is correct then your funds are earning the interest. 

chris_the_bee

PowerSavingMode said:

Bridlington1 said:

Thanks for bringing the Loughborough BS one payment per month restriction to my attention. The first page of this thread and the listings in the archived thread have been updated accordingly.

Yes, I have just noted that "Maximum of one receipt per calendar month" in my Loughborough RS, yet for months now I have been sending many deposits pcm — so far NONE of them have been returned, so I only hope that they have credited them all!

Loughborough
The one payment per month rule does not appear to apply to their Holiday Monthly Saver.or the Limited Access Monthly Saver.only the 5 Year Retirement and 1 Year Fixed Rate Monthly Savers.

GetRichOrDieSaving

Is there an option to close the Gate House RS2 early? Can’t seem to find an option on the app. 

Dizzycap

GetRichOrDieSaving said:

Is there an option to close the Gate House RS2 early? Can’t seem to find an option on the app. 

Yes, but you have to go online to close

GetRichOrDieSaving

Dizzycap said:

GetRichOrDieSaving said:

Is there an option to close the Gate House RS2 early? Can’t seem to find an option on the app. 

Yes, but you have to go online to close

Great. Thanks for confirming! 

Edit: I can’t find the option online, any ideas? 

Hattie627

Yorkshire Building Society

My Loyalty RS matures on 22 February when it morphs into a lower-paying account. That's a  Saturday.

Does anyone know if the morphing will happen on Saturday or not until Monday? 

If I move the funds out to my nominated account, will the funds arrive in my nominated account on the same day requested?

Many thanks

Kim_13

Hattie627 said:

Yorkshire Building Society

My Loyalty RS matures on 22 February when it morphs into a lower-paying account. That's a  Saturday.

Does anyone know if the morphing will happen on Saturday or not until Monday? 

If I move the funds out to my nominated account, will the funds arrive in my nominated account on the same day requested?

Many thanks

Next working day so I would be tempted to request the bulk now to land tomorrow (or as much as you can redistribute then.) If you have already used your withdrawal day you will only be able to request closure.

Even if the morphing happened on a Saturday, you would not be able to get them to pay the proceeds to an external account until Monday.