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

friolento

jameseonline said:

friolento said:

BEVERLEY

Deposit sent last night after 6pm shows as credited today.

Interest rate shows as 1%.

Wouldn't the rate be likely to update at some point though?, baring in mind it's a new account & you only just deposited your 1st amount 

  I think it will only show 6.5% after December 31 this year, provided I made all the monthly deposits. We shall see

allegro120

friolento said:

BEVERLEY

Deposit sent last night after 6pm shows as credited today.

Interest rate shows as 1%.

So I guess it won't show 5.5% or whatever it will be until New Year???  I've never seen this practice before, except Harpenden BS ISA which I didn't go for.  I'm still undecided whether to apply or not.  I've had several open-ended RSs.  One of them (Coventry) lasted me for about 14 years because the rate stayed competitive, I think I had somewhere around £65k in that account when I closed it.  Others tend to drop their rates to as low as no longer acceptable pretty soon.  I normally grab any available RS paying above my EA accounts, but this offer from Beverley is is a bit awkward.  Too many "noes", the starting rate is not great and the exit is tricky.  

Stargunner

friolento said:

BEVERLEY

Deposit sent last night after 6pm shows as credited today.

Interest rate shows as 1%.

That is correct. You will only get the 4.5% bonus on the 31st Dec  if you adhere to the conditions.

mhoc

Aidanmc said:

liamcov said:

Has anyone closed/withdrawn from the Coventry Loyalty Seasonal Saver since the rate reduction at beginning on month? What is the best way to do this to ensure the 30 days interest isn't deducted etc?

Yes, it can be closed without penalty up until 2nd October.
I'm closing mine in the next few days.

Aidanmc said:

liamcov said:

Has anyone closed/withdrawn from the Coventry Loyalty Seasonal Saver since the rate reduction at beginning on month? What is the best way to do this to ensure the 30 days interest isn't deducted etc?

Yes, it can be closed without penalty up until 2nd October.
I'm closing mine in the next few days.

Please can I ask - I've got the Coventry regular saver 6 at 4.15% - can that be closed early???
The Coventry seasonal saver I have listed as 4.90% is that still correct?
I've just been putting in minimal amounts into both but the amounts would be put to better use. 

allegro120

mhoc said:

Aidanmc said:

liamcov said:

Has anyone closed/withdrawn from the Coventry Loyalty Seasonal Saver since the rate reduction at beginning on month? What is the best way to do this to ensure the 30 days interest isn't deducted etc?

Yes, it can be closed without penalty up until 2nd October.
I'm closing mine in the next few days.

Aidanmc said:

liamcov said:

Has anyone closed/withdrawn from the Coventry Loyalty Seasonal Saver since the rate reduction at beginning on month? What is the best way to do this to ensure the 30 days interest isn't deducted etc?

Yes, it can be closed without penalty up until 2nd October.
I'm closing mine in the next few days.

Please can I ask - I've got the Coventry regular saver 6 at 4.15% - can that be closed early???
The Coventry seasonal saver I have listed as 4.90% is that still correct?
I've just been putting in minimal amounts into both but the amounts would be put to better use. 

My Coventry Seasonal Saver is paying 5.25%.  It is a Loyalty one so may be that's the reason for the difference.

friolento

masonic said:

friolento said:

Stargunner said:

friolento said:

BEVERLEY

Deposit sent last night after 6pm shows as credited today.

Interest rate shows as 1%.

That is correct. You will only get the 4.5% bonus on the 31st Dec  if you adhere to the conditions.

The bonus is 5.5%

I thought the total (1% + bonus) was 5.5%. That's what it says on their website.

Yes you are correct. Deleted my misleading post 🫢

mon3ysav3r

mhoc said:

Aidanmc said:

liamcov said:

Has anyone closed/withdrawn from the Coventry Loyalty Seasonal Saver since the rate reduction at beginning on month? What is the best way to do this to ensure the 30 days interest isn't deducted etc?

Yes, it can be closed without penalty up until 2nd October.
I'm closing mine in the next few days.

Aidanmc said:

liamcov said:

Has anyone closed/withdrawn from the Coventry Loyalty Seasonal Saver since the rate reduction at beginning on month? What is the best way to do this to ensure the 30 days interest isn't deducted etc?

Yes, it can be closed without penalty up until 2nd October.
I'm closing mine in the next few days.

Please can I ask - I've got the Coventry regular saver 6 at 4.15% - can that be closed early???
The Coventry seasonal saver I have listed as 4.90% is that still correct?
I've just been putting in minimal amounts into both but the amounts would be put to better use. 

I closed it 3 weeks ago I think, fed up of looking at it's stupid 4.15% AER on my lovely spreadsheet

subjecttocontract

Yes I can understand that, the 4.15% would annoy me as well.
The Beverley 5.5% would annoy me as well, that's why it's not being opened by me. It would get shown up by all the others that provide a better return.

KneadtheDough

PowerSavingMode said:

PowerSavingMode said:

ForumUser7 said:

YBS

Anyone's £50 RS restrictions cleared please yet? 

YBS £50 RS

Nope. Opened Saturday, passed the 'Mitek' verification straightaway and still waiting... I've been with YBS for a number of years and have quite a few savings accounts already, FWIW.

YBS £50 RS

And still stuck at the starting gates for this one. I did send YBS a message about not being able to deposit due to 'restrictions', to which YBS responded: 

"I have had a look into your account and it shows the account is going through some further checks.Under regulations for the prevention and detection of financial crime, we have a responsibility to verify the identity of each applicant before opening a new account, even existing customers." (!)

UPDATE: YBS £50 RS

More than five days after applying (as an existing customer), YBS have 'allowed' me to deposit as of this afternoon. I note the 12-month term begins from the date of application, rather than the date of the first deposit. I hope this is useful for someone.

Stargunner

subjecttocontract said:

Yes I can understand that, the 4.15% would annoy me as well.
The Beverley 5.5% would annoy me as well, that's why it's not being opened by me. It would get shown up by all the others that provide a better return.

5.5% is higher than my EA savings accounts, so I have gone for it.