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

PloughmansLunch

mhoc said:

OK so I rang the Tipton and because I've got the app the smallest balance for the 60 day notice would be £1000 or for the air ambulance saver would be £100 - I was hoping for an easy access with £1 or £10 but thats not possible so I've closed the Tipton account altogether 
I do like to support the smaller building societies but with the over abundance of Principality accounts with far better savings rates the Tipton wont be missed. 

I left my Tipton RS to mature then skimmed off most of the balance, and was left with an Easy Acc Maturity Saver (App) account at 3.05% which has about £11 rattling around in there

SJMALBA

badger09 said:

I’ve had £5.89 £25.29 & £43.58. Do I win the prize?

I’m expecting another interest payment 30 June and again on maturity 31 July

The KPI suggests a final balance on maturity of £3162.40 based on assumed payment date 1st, full £250 every month & no withdrawals. There is no mention of it morphing into any other account so I’m expecting VM to offer maturity instructions by mid July. 

The KPI states 'Once the fixed term ends your account will become a variable rate Everyday Saver account (or other easy access account we’ve available). We’ll write to you before the end of the fixed term to let you know the options available to you, as well as advising you of the interest rate currently payable on the variable rate account.'

Kim_13

PloughmansLunch said:

mhoc said:

OK so I rang the Tipton and because I've got the app the smallest balance for the 60 day notice would be £1000 or for the air ambulance saver would be £100 - I was hoping for an easy access with £1 or £10 but thats not possible so I've closed the Tipton account altogether 
I do like to support the smaller building societies but with the over abundance of Principality accounts with far better savings rates the Tipton wont be missed. 

I left my Tipton RS to mature then skimmed off most of the balance, and was left with an Easy Acc Maturity Saver (App) account at 3.05% which has about £11 rattling around in there

Same, obviously the maturity accounts had a lower minimum balance than the Easy Access accounts that are available to open. As a 60 Day Notice wouldn’t mature, OP would have been ineligible for a maturity account.

Dizzycap

Aidanmc said:

Is there a way to see linked bank account detail on Progressive BS site?

When i click 'view account' then 'edit linked bank account' nothing happens?

It wotks fine with the Mozilla Browser. Click on the 'edit bank account' and your already linked bank account shows at the top of the pop up box. Make sure you haven't got a pop-up blocker as the box won't appear   

Money_Grabber13579

Section62 said:

Money_Grabber13579 said:

Principality

Yes, both maturity accounts had instructions provided pre maturity. One was provided several weeks before, the other provided the day before, after close of business. The instructions for both accounts were blocked and matured into a maturity savings account.

In the second case did you get a human response saying the instruction couldn't be accepted, or if not, could it be you just missed the cut-off time for the instruction to be processed?

Principality

Yes, in both cases, I got responses from (different) named humans, both of which broadly said I couldn’t have another regular saver 3 because I already had one, which was the maximum allowed.

Aidanmc

Dizzycap said:

Aidanmc said:

Is there a way to see linked bank account detail on Progressive BS site?

When i click 'view account' then 'edit linked bank account' nothing happens?

It wotks fine with the Mozilla Browser. Click on the 'edit bank account' and your already linked bank account shows at the top of the pop up box. Make sure you haven't got a pop-up blocker as the box won't appear   

Yeah, i tried different browsers and still issue.

I contacted Progressive today, they told me some accounts where the account number ends with an X are experiencing issues with online banking.

They are going to action the withdrawal/closure of matured RS for me tomorrow.

Emily_Joy

Saffron: the OH submitted an application last week for Refer a Friend saver. Filled the extra form giving my name. On Friday received an email "we are closing your account according to your instructions". 
He was new to Saffron. I have been a member for 3 years, with a qualifying account.  I am trying to convince him to give them a call but this week he works 12 hours a day... 

Kim_13

Emily_Joy said:

Saffron: the OH submitted an application last week for Refer a Friend saver. Filled the extra form giving my name. On Friday received an email "we are closing your account according to your instructions". 
He was new to Saffron. I have been a member for 3 years, with a qualifying account.  I am trying to convince him to give them a call but this week he works 12 hours a day... 

Was any online access set up for him? Might be easier to secure message in his circumstances, or you could do so asking why the new customer you referred had their account closed. Does the RAF form literally only ask for a name, so things like shortening it might lead them to conclude that the specified customer didn’t qualify to make referrals? It surely would have been easier for them to ask for the qualifying account number(s) - some referers will have Members Month Loyalty Savers that have been open for less than a year, if they didn’t spot the maturity option for one, therefore relying on another account for the 1 year term. Was this you, and Saffron are perhaps looking at your MMLS that has been open for a week or so and wrongly rejecting it?

Emily_Joy

Kim_13 said:

Emily_Joy said:

Saffron: the OH submitted an application last week for Refer a Friend saver. Filled the extra form giving my name. On Friday received an email "we are closing your account according to your instructions". 
He was new to Saffron. I have been a member for 3 years, with a qualifying account.  I am trying to convince him to give them a call but this week he works 12 hours a day... 

Was any online access set up for him? Might be easier to secure message in his circumstances, or you could do so asking why the new customer you referred had their account closed. Does the RAF form literally only ask for a name, so things like shortening it might lead them to conclude that the specified customer didn’t qualify to make referrals? It surely would have been easier for them to ask for the qualifying account number(s) - some referers will have Members Month Loyalty Savers that have been open for less than a year, if they didn’t spot the maturity option for one, therefore relying on another account for the 1 year term. Was this you, and Saffron are perhaps looking at your MMLS that has been open for a week or so and wrongly rejecting it?

Just to be clear - no, I have not attempted to open a Refer a Friend account via maturity instructions. My MMLS have matured on Sunday and the funds were used to fund a new RS I am eligible for.  I am not sure about online access for OH, to be honest. 

Kim_13

Emily_Joy said:

Kim_13 said:

Emily_Joy said:

Saffron: the OH submitted an application last week for Refer a Friend saver. Filled the extra form giving my name. On Friday received an email "we are closing your account according to your instructions". 
He was new to Saffron. I have been a member for 3 years, with a qualifying account.  I am trying to convince him to give them a call but this week he works 12 hours a day... 

Was any online access set up for him? Might be easier to secure message in his circumstances, or you could do so asking why the new customer you referred had their account closed. Does the RAF form literally only ask for a name, so things like shortening it might lead them to conclude that the specified customer didn’t qualify to make referrals? It surely would have been easier for them to ask for the qualifying account number(s) - some referers will have Members Month Loyalty Savers that have been open for less than a year, if they didn’t spot the maturity option for one, therefore relying on another account for the 1 year term. Was this you, and Saffron are perhaps looking at your MMLS that has been open for a week or so and wrongly rejecting it?

Just to be clear - no, I have not attempted to open a Refer a Friend account via maturity instructions. My MMLS have matured on Sunday and the funds were used to fund a new RS I am eligible for.  I am not sure about online access for OH, to be honest. 

I was wondering how you had opened the new Members’ Month Loyalty Saver, it was clear that you hadn’t opened a RAF yourself. If you haven’t got a new Members’ Month and instead swapped to say the 12 Month Members’ account, that would be the reason - as the terms say the referer has to hold the Members’ Month Loyalty Saver.