The Top Regular Savers Discussion Thread

surreysaver

happybagger said:

mhoc said:

OH has his Cambridge Extra reward regular maturing later this month (and mine matures early Feb)- just checked and he has not had an email and no letter yet re maturity instructions so can anyone remember what the procedure is please? 

I received an email (only), that 11 calendar days before maturity. SO yo may have jumped the gun a tad. There was a link to click on, to "Maturity Manager", IIRC it allowed me to transfer £300 into a new ERRS and have the rest paid out to bank. New account was opened on the day the old one matured.

All worked fine for me.

What are my options?

As your Extra Reward Regular Saver (Issue 2) matures you can choose to:

• Transfer your balance to an existing Cambridge account
• Reinvest your savings into a new savings account
• Withdraw all or part of your balance
• Leave the balance in your maturity account

And, of course, it retains the account number of the maturing account if choosing this maturity option

sheffieldeagle

Monmouthshire BS

Apologies if someone has already mentioned this but Monmouthshire are having problems with there IT systems.

Cheers

pafpcg

sheffieldeagle said:

Monmouthshire BS
Apologies if someone has already mentioned this but Monmouthshire are having problems with there IT systems.
Cheers

Now OK for me: logged in to check for January deposits credited successfully at 13:52.  (And accounts credited on 2-Jan)

s71hj

Bridlington1 said:

s71hj said:

Saw 3 pages of new posts in 2 hours and thought some fantastic new RS must have been released, the Principality Green Shirt New Year Saver or some such. 

Well to put that right for you:

West Brom have launched a Winter Ready Savings Account at 6% fixed:
Can be opened online or in branch
Matures 31/10/26
£100/mth max
Max balance £1k
No withdrawals permitted until the end of its term.

Don't go to the trouble of logging in to apply, it doesn't help. Applying with or without being logged in is the same. 

surreysaver

francoghezzi said:

PRINCIPALITY
Why no one is opening a thread so as to give those not interested in having 55 accounts number 4 (an absolute minority, I admit, but I have been always inside a minority in all my life) a bit of rest after hundreds of pages with the same insipid litany? The one dedicated to Virgin for example is still up and running and it was a kind gesture to those not interested in that discussion.

There is a separate thread regarding the Darlington issues to save this thread becoming clogged up with them!

https://forums.moneysavingexpert.com/discussion/6648391/darlington-bs-massively-overpays-annual-interest#latest

sheffieldeagle

pafpcg said:

sheffieldeagle said:

Monmouthshire BS
Apologies if someone has already mentioned this but Monmouthshire are having problems with there IT systems.
Cheers

Now OK for me: logged in to check for January deposits credited successfully at 13:52.  (And accounts credited on 2-Jan)

My deposit is also showing as credited 31/12/25.

Cheers

Kim_13

Section62 said:

clairec666 said:

Honestly, how many of us have actually been inconvenienced by Darlington's error?

Probably very few... other than those who hoped to be able to withdraw the overpayment of interest and get away with it.

About the same amount as those members of staff who are actually responsible for / able to fix the issue I suspect. The majority of the staff shouldn't have been expected to work through until it was fixed on the basis that it isn't fair to punish the majority for the 'crime' of the minority.  

Whether Darlington are worthy of complaint, for me, comes down to whether they have blocked withdrawals as well as closures (but as I don't need access to my funds for a few months, I'm not willing to burn one to find out.) If withdrawals of cleared funds were blocked as well, that would be unreasonable, but 6% interest on £1,250 for 5 months (rounded up) would be £31.25. It would take a very sudden and severe change of circumstances for the lack of access to a sum of that order to cause a problem.

clairec666

Kim_13 said:

Section62 said:

clairec666 said:

Honestly, how many of us have actually been inconvenienced by Darlington's error?

Probably very few... other than those who hoped to be able to withdraw the overpayment of interest and get away with it.

About the same amount as those members of staff who are actually responsible for / able to fix the issue I suspect. The majority of the staff shouldn't have been expected to work through until it was fixed on the basis that it isn't fair to punish the majority for the 'crime' of the minority.  

Whether Darlington are worthy of complaint, for me, comes down to whether they have blocked withdrawals as well as closures (but as I don't need access to my funds for a few months, I'm not willing to burn one to find out.) If withdrawals of cleared funds were blocked as well, that would be unreasonable, but 6% interest on £1,250 for 5 months (rounded up) would be £31.25. It would take a very sudden and severe change of circumstances for the lack of access to a sum of that order to cause a problem.

Presumably most people who opened that account would intend to keep it open until maturity. If there's been a change in circumstances so that you need to withdraw, and it coincidentally happened on the same week that Darlington messed things up, then you would have a genuine cause for complaint.

I'm hardly going to blacklist Darlington over this one thing, but I have made a mental note to double check ANY interest payment from them - next time it might be lower instead of higher.

trickydicky14

flaneurs_lobster said:

s71hj said:

Bridlington1 said:

s71hj said:

Saw 3 pages of new posts in 2 hours and thought some fantastic new RS must have been released, the Principality Green Shirt New Year Saver or some such. 

Well to put that right for you:

West Brom have launched a Winter Ready Savings Account at 6% fixed:
Can be opened online or in branch
Matures 31/10/26
£100/mth max
Max balance £1k
No withdrawals permitted until the end of its term.

West Brom have an away shirt with green in it so I can make that work. 

I'll do them a deal - they pay me the £3k in O/S maturity funds from 31/12 and I'll think about opening this one.

Well it's close of play and still no money from West Brom BS

allegro120

s71hj said:

Bridlington1 said:

s71hj said:

Saw 3 pages of new posts in 2 hours and thought some fantastic new RS must have been released, the Principality Green Shirt New Year Saver or some such. 

Well to put that right for you:

West Brom have launched a Winter Ready Savings Account at 6% fixed:
Can be opened online or in branch
Matures 31/10/26
£100/mth max
Max balance £1k
No withdrawals permitted until the end of its term.

Don't go to the trouble of logging in to apply, it doesn't help. Applying with or without being logged in is the same. 

Good to know.  I didn't go that route, I just clicked on Bridlington's link.  Submitted application at 11:55 and the account was opened at 15:35, quicker than I expected.