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

flaneurs_lobster

schiff said:

PRINCIPALITY
Closure etc all done and dusted - £200 into Issue 4 (with the same account number) as requested - the balance into my EA account to deal with as I wish.
Excellent service as always.

I also - although the balance has yet to hit my (external) nominated account.

flaneurs_lobster

jameseonline said:

I'm surprised anyone bothers with the standard tbh, I've only really been bothering with the Club up until recently but I think I'll be emptying it gradually and having it as a backup/overflow account.

I guess if you have all the other decent regulars, but otherwise many may more than 5.25%.

Ive been paying in £2000 a month and £400 of which has been going to the 6.25% Club Lloyds (£1600 straight back out) , but you have both Nationwide and Virgin doing 6.5% these days & Monmouthshire with 6% & 7% accounts and high monthly deposit limits. 

TBH I've stopped funding anything less than 6% a month ago, I've simply run out of available funds.

s71hj

flaneurs_lobster said:

jameseonline said:

I'm surprised anyone bothers with the standard tbh, I've only really been bothering with the Club up until recently but I think I'll be emptying it gradually and having it as a backup/overflow account.

I guess if you have all the other decent regulars, but otherwise many may more than 5.25%.

Ive been paying in £2000 a month and £400 of which has been going to the 6.25% Club Lloyds (£1600 straight back out) , but you have both Nationwide and Virgin doing 6.5% these days & Monmouthshire with 6% & 7% accounts and high monthly deposit limits. 

TBH I've stopped funding anything less than 6% a month ago, I've simply run out of available funds.

The Monmouthshire ones rather changed everything 

ThePirates

flaneurs_lobster said:

schiff said:

PRINCIPALITY
Closure etc all done and dusted - £200 into Issue 4 

I also - although the balance has yet to hit my (external) nominated account.

Snap! 
3 x issue 3 and 2 x issue 4 now held. 
As Mr Lobster still waiting for external funds to arrive.

clairec666

s71hj said:

flaneurs_lobster said:

jameseonline said:

I'm surprised anyone bothers with the standard tbh, I've only really been bothering with the Club up until recently but I think I'll be emptying it gradually and having it as a backup/overflow account.

I guess if you have all the other decent regulars, but otherwise many may more than 5.25%.

Ive been paying in £2000 a month and £400 of which has been going to the 6.25% Club Lloyds (£1600 straight back out) , but you have both Nationwide and Virgin doing 6.5% these days & Monmouthshire with 6% & 7% accounts and high monthly deposit limits. 

TBH I've stopped funding anything less than 6% a month ago, I've simply run out of available funds.

The Monmouthshire ones rather changed everything 

I was going to say exactly the same thing. After all the time taken to build my NatWest regular saver up to £5000, I'm pulling everything out to get 7% from Monmouthshire!

E_zroda

flaneurs_lobster said:

schiff said:

PRINCIPALITY
Closure etc all done and dusted - £200 into Issue 4 (with the same account number) as requested - the balance into my EA account to deal with as I wish.
Excellent service as always.

I also - although the balance has yet to hit my (external) nominated account.

Is your nominated account like mine a Nationwide one by any chance?
@schiff: I wonder what makes your 'special'...

WillPS

With regards to LBG account closures.

I started employment at a bank back in January (not LBG), and had to undertake AML (anti money laundering) training. The training advised that a common sign of 'layering' is suddenly opening several accounts and/or bouncing money in and out of them "for no apparent reason".

On the good side - it helped me realise my fears that banks were permabanning customers on the grounds of poor profitability were unfounded.

On the bad side - it did cause me to think that if I was a member of staff in a bank, having undergone the same training, would I report my own activity?

s71hj

clairec666 said:

s71hj said:

flaneurs_lobster said:

jameseonline said:

I'm surprised anyone bothers with the standard tbh, I've only really been bothering with the Club up until recently but I think I'll be emptying it gradually and having it as a backup/overflow account.

I guess if you have all the other decent regulars, but otherwise many may more than 5.25%.

Ive been paying in £2000 a month and £400 of which has been going to the 6.25% Club Lloyds (£1600 straight back out) , but you have both Nationwide and Virgin doing 6.5% these days & Monmouthshire with 6% & 7% accounts and high monthly deposit limits. 

TBH I've stopped funding anything less than 6% a month ago, I've simply run out of available funds.

The Monmouthshire ones rather changed everything 

I was going to say exactly the same thing. After all the time taken to build my NatWest regular saver up to £5000, I'm pulling everything out to get 7% from Monmouthshire!

This would be galling given the hours of £1.01 debit card payments but yes. My other alternative is moving money from flexible isas

Emily_Joy

WillPS said:

With regards to LBG account closures.

I started employment at a bank back in January (not LBG), and had to undertake AML (anti money laundering) training. The training advised that a common sign of 'layering' is suddenly opening several accounts and/or bouncing money in and out of them "for no apparent reason".

Interesting. That would certainly explain why one day I received a phone call from Halifax asking me to explain why I recently moved made 19 payments from different LBG accounts to one external account. I explained that the external account was ISA with Barclays that I opened recently (all was happening in the end of March a few years a back) and I wanted to fund by the end of financial year. I then explained that for some inexplicable reason their system wouldn't let me to send more than 500 in one go without "security clearance" so I was making smaller payments.

ThePirates

E_zroda said:

flaneurs_lobster said:

schiff said:

PRINCIPALITY
Closure etc all done and dusted - £200 into Issue 4 (with the same account number) as requested - the balance into my EA account to deal with as I wish.
Excellent service as always.

I also - although the balance has yet to hit my (external) nominated account.

Is your nominated account like mine a Nationwide one by any chance?
@schiff: I wonder what makes your 'special'...

Yeah, mine's Nationwide too!