The Top Regular Savers Discussion Thread

nottsphil

Bridlington1 said:

I've just noticed I missed a regular saver off when doing the last monthly update, the Swansea BS Regular Monthly Saver at 4.07% AER (4% gross). It isn't the most exciting rate on offer but has no maturity date barring emptying itself every 12 months.

The account allows you to make deposits by DD but you'll need to be resident in Wales to open it.

It says here*

https://www.swansea-bs.co.uk/savings/regular-saver

you don't need Welsh residency if you are an existing member, although the key product summary states otherwise. This account qualifies under Brid's criteria due to the £1500 monthly max, and not any perceived extended maturity.
*I find I can no longer convert a word into a hyperlink, nor can I edit out the one I've attempted to make! 
https://www.swansea-bs.co.uk/savings/regular-saver

happybagger

To add, (Swansea BS), if you are an existing customer and go to open from being logged in, you have to confirm your "primary residence" is in Wales.
Unless they ask for your council tax bill then I can't see how this is more than a tick box exercise

Bob2000

Swansea building society. 

I am under the impression  that you can't open the regular saving  online anyway.
The only accounts  currently  available (online) are the easy saver and a notice  account. 

happybagger

My bad, I didn't go further. Only the two you mention, plus the ISA, seem to be available from being logged in.

Bridlington1

nottsphil said:

Bridlington1 said:

I've just noticed I missed a regular saver off when doing the last monthly update, the Swansea BS Regular Monthly Saver at 4.07% AER (4% gross). It isn't the most exciting rate on offer but has no maturity date barring emptying itself every 12 months.

The account allows you to make deposits by DD but you'll need to be resident in Wales to open it.

It says here* you don't need Welsh residency if you are an existing member, although the key product summary states otherwise. This account qualifies under Brid's criteria due to the £1500 monthly max, and not any perceived extended maturity.
*I find I can no longer convert a word into a hyperlink, nor can I edit out the one I've attempted to make! 
https://www.swansea-bs.co.uk/savings/regular-saver

I interpreted the summary box as meaning you need to be resident in Wales to be eligible, based on this I'll leave the listing as it is. Of course if further evidence to the contrary comes to light I'm more than happy to amend the listing.

As you say the £1.5k maximum monthly deposit and the lack of a maturity date make it just about eligible for inclusion regardless.

As an aside I can still hyperlink text, as I've done in the post I quoted, it's a good job really given p1 of this thread relies heavily on it. If you wish to discuss hyperlinking text I'm more than happy to discuss it in another thread or if you message me directly.

Malchester

On the product savings guide page of Swansea BSBridlington1 said:

nottsphil said:

Bridlington1 said:

I've just noticed I missed a regular saver off when doing the last monthly update, the Swansea BS Regular Monthly Saver at 4.07% AER (4% gross). It isn't the most exciting rate on offer but has no maturity date barring emptying itself every 12 months.

The account allows you to make deposits by DD but you'll need to be resident in Wales to open it.

It says here* you don't need Welsh residency if you are an existing member, although the key product summary states otherwise. This account qualifies under Brid's criteria due to the £1500 monthly max, and not any perceived extended maturity.
*I find I can no longer convert a word into a hyperlink, nor can I edit out the one I've attempted to make! 
https://www.swansea-bs.co.uk/savings/regular-saver

I interpreted the summary box as meaning you need to be resident in Wales to be eligible, based on this I'll leave the listing as it is. Of course if further evidence to the contrary comes to light I'm more than happy to amend the listing.

As you say the £1.5k maximum monthly deposit and the lack of a maturity date make it just about eligible for inclusion regardless.

As an aside I can still hyperlink text, as I've done in the post I quoted, it's a good job really given p1 of this thread relies heavily on it. If you wish to discuss hyperlinking text I'm more than happy to discuss it in another thread or if you message me directly.

On the product savings guide page of Swansea BS it says, in bold:

"Our Savings products are only available to new applicants residing in Wales or existing members (living in the United Kingdom)."

I think that is quite clear

Bridlington1

Malchester said:

On the product savings guide page of Swansea BSBridlington1 said:

nottsphil said:

Bridlington1 said:

I've just noticed I missed a regular saver off when doing the last monthly update, the Swansea BS Regular Monthly Saver at 4.07% AER (4% gross). It isn't the most exciting rate on offer but has no maturity date barring emptying itself every 12 months.

The account allows you to make deposits by DD but you'll need to be resident in Wales to open it.

It says here* you don't need Welsh residency if you are an existing member, although the key product summary states otherwise. This account qualifies under Brid's criteria due to the £1500 monthly max, and not any perceived extended maturity.
*I find I can no longer convert a word into a hyperlink, nor can I edit out the one I've attempted to make! 
https://www.swansea-bs.co.uk/savings/regular-saver

I interpreted the summary box as meaning you need to be resident in Wales to be eligible, based on this I'll leave the listing as it is. Of course if further evidence to the contrary comes to light I'm more than happy to amend the listing.

As you say the £1.5k maximum monthly deposit and the lack of a maturity date make it just about eligible for inclusion regardless.

As an aside I can still hyperlink text, as I've done in the post I quoted, it's a good job really given p1 of this thread relies heavily on it. If you wish to discuss hyperlinking text I'm more than happy to discuss it in another thread or if you message me directly.

On the product savings guide page of Swansea BS it says, in bold:

"Our Savings products are only available to new applicants residing in Wales or existing members (living in the United Kingdom)."

I think that is quite clear

Although it also states:



Going off this it would seem to state that existing customers who are not resident in Wales wouldn't be eligible.

There does seem to be a contradiction between the two though.

francoghezzi

DARLINGTON

Five days without the possibility to access our money after the internal mistake on the amount of interests. Still no change this morning. It's starting to sound quite like a farce

flaneurs_lobster

dcs34 said:

trickydicky14 said:

allegro120 said:

trickydicky14 said:

West Brom B.S
My regular saver was showing with interest on the morning of the 31st so requested it all sent to my nominated bank account, now looks like I wont see my money until Monday the 5th.

My WestBrom morphed today (£3098.80).  I requested to close the account.  I think they are doing it manually so Monday is the earliest to receive funds, but we should still get 2.35% for the cash drag days.

The thing is, mine matured on the 31st and had gone from the website the next morning so I can't see it earning any interest until it arrives in my bank account.

West Brom Regular Saver Maturity

Same situation. Matured on the 31st. On the 1st I moved £5 from the Access Regular Saver to an easy access account (to keep a relationship) and requested the rest to my nominated account.

The new easy access account was approved and opened the next day (2nd) with the money transferred. Still yet to see the main payment to my nominated account, which I think should arrive by CoP on the 5th.

Seems several people are awaiting matured funds to arrive in nominated accounts today.

Has anyone had they money credited yet?

Section62

francoghezzi said:

DARLINGTON

Five days without the possibility to access our money after the internal mistake on the amount of interests. Still no change this morning. It's starting to sound quite like a farce

The block was applied on the 2nd, today is the 5th.  Two of the days between were non-working days, although some staff might have been in on the Saturday.

As the problem seems to be with mid-term interest additions rather than maturity I imagine the number of customers who planned to withdraw money or close their accounts over the weekend must be relatively small.

As a small building society it doesn't seem unreasonable they might need a couple of working days at least to get a full idea of the scope of the problem and design a fix which doesn't create additional problems further down the line.  Rather than "farce" I think it was prudent of them to block people taking the money and running, and also take a reasonable time to make sure the fix doesn't make things worse.

I also imagine if anyone was in desperate need of the money in one of the affected accounts then a phone call to Darlington might enable a withdrawal of the money required, minus the overpaid interest.  And if the error has caused you financial distress then I suspect Darlington would give appropriate consideration to a complaint and a request for reimbursement of your costs.

A bit of patience might be needed, but at 9:14am on the second working day of the year it shouldn't be totally unexpected that Darlington are still working on a resolution.