The Top Regular Savers Discussion Thread

Bob2000

Furness.
Well they don't like me. First attempt  failed on the photos  of ID and selfie, second attempt  "we are reviewing  your application"
  

soulsaver

Unlikely to worry anyone but FYI.

A recent error led Leeds BS to look closer at my RSs.

In a subsequent letter I was asked to contact them re the number reg savers I have.

In the conversation, I argued that the terms suggest that holding multiple different issues is legitimate?

Plus Leeds had allowed them to be opened and regularly funded for quite some time.

It was an amicable conversation, because after their latest round of reductions, their rates are relatively rubbish.

After their  'due consideration' they intend to close all but the oldest one.  

Dizzycap

soulsaver said:

Unlikely to worry anyone but FYI.

A recent error led Leeds BS to look closer at my RSs.

In a subsequent letter I was asked to contact them re the number reg savers I have.

In the conversation, I argued that the terms suggest that holding multiple different issues is legitimate?

Plus Leeds had allowed them to be opened and regularly funded for quite some time.

It was an amicable conversation, because after their latest round of reductions, their rates are relatively rubbish.

After their  'due consideration' they intend to close all but the oldest one.  

Have Leeds BS changed their T&C's recently with the latest RS issue?

However, it would explain why Leeds have now closed all but your oldest RS, if they've decided to adopt a new policy which would be unfair if previous eligibilty criteria did not stipulate the highlighted.

Born2Save_3

soulsaver said:

Unlikely to worry anyone but FYI.

A recent error led Leeds BS to look closer at my RSs.

In a subsequent letter I was asked to contact them re the number reg savers I have.

In the conversation, I argued that the terms suggest that holding multiple different issues is legitimate?

Plus Leeds had allowed them to be opened and regularly funded for quite some time.

It was an amicable conversation, because after their latest round of reductions, their rates are relatively rubbish.

After their  'due consideration' they intend to close all but the oldest one.  

Sounds unreasonable and that you might have good grounds for a complaint.  Did they explain what the error was, what caused it and whose fault it was ?

Could be they are looking at people with several RS and are picking up on a hidden feature of their website - kind of an ability to travel back in time. Not that I'm saying you did that.

I had 5 RS with them and closed them all down this week.  Nothing mentioned in phone calls and I've made several, all to different LeedsBS people, in the past two weeks.

Kim_13

Dizzycap said:

soulsaver said:

Unlikely to worry anyone but FYI.

A recent error led Leeds BS to look closer at my RSs.

In a subsequent letter I was asked to contact them re the number reg savers I have.

In the conversation, I argued that the terms suggest that holding multiple different issues is legitimate?

Plus Leeds had allowed them to be opened and regularly funded for quite some time.

It was an amicable conversation, because after their latest round of reductions, their rates are relatively rubbish.

After their  'due consideration' they intend to close all but the oldest one.  

Have Leeds BS changed their T&C's recently with the latest RS issue?

However, it would explain why Leeds have now closed all but your oldest RS, if they've decided to adopt a new policy which would be unfair if previous eligibilty criteria did not stipulate the highlighted.

If terms have been changed, then while the new issue would be closed if the customer had a previous one, they would surely have to allow all legitimate older accounts to run to term if that clause was not agreed to in respect of the older accounts. That would be akin to Skipton closing the RS Issue 1s held by Member RS Issue 4 customers. They didn’t of course, and launched Issue 2 and 5 with the changed terms.

PixelPound

Born2Save_3 said:

Bob2000 said:

Born2Save_3 said:

FurnessBS 160 Year Anniversary RS

There should be a new RS released on 20/1/26, 6.75%A, £160 monthly, with 10 month duration. Named '160 Year Anniversary RS'. Information seemed to be definite, but may be subject to change.

Will this be available  to all or just current members? If you know.

I didn't ask and person didn't say. I expected the usual response, but person was forthcoming. I was asking about maturity options for a Xmas RS Issue 2 and if there would be another RS.  I didn't ask and wasn't told if there would be any other restrictions like postal/branch applications or post code restrictions. To be fair to Furness BS though, they seem be embracing online solutions more recently.

If you're not already a member, there are a couple of accounts you can open online with a min bal of £1 :

https://www.furnessbs.co.uk/savings/savings-interest-rates/product-overview/1-year-regular-saver-6

https://www.furnessbs.co.uk/savings/savings-interest-rates/product-overview/triple-access-saver-issue-2

except their online verification is pants, will chuck you out after failing to take a photon on the nth attempt to start again.

soulsaver

Leeds:

It's reasonable for them to enforce the terms.

The terms quoted @Dizzycap above are the same as on RS Iss51 (Mar '25) which is the oldest I've got, and all the subsequent ones. 

I'm sanguine about it; they've been quite equitable.

Dizzycap

Kim_13 said:

Dizzycap said:

soulsaver said:

Unlikely to worry anyone but FYI.

A recent error led Leeds BS to look closer at my RSs.

In a subsequent letter I was asked to contact them re the number reg savers I have.

In the conversation, I argued that the terms suggest that holding multiple different issues is legitimate?

Plus Leeds had allowed them to be opened and regularly funded for quite some time.

It was an amicable conversation, because after their latest round of reductions, their rates are relatively rubbish.

After their  'due consideration' they intend to close all but the oldest one.  

Have Leeds BS changed their T&C's recently with the latest RS issue?

However, it would explain why Leeds have now closed all but your oldest RS, if they've decided to adopt a new policy which would be unfair if previous eligibilty criteria did not stipulate the highlighted.

If terms have been changed, then while the new issue would be closed if the customer had a previous one, they would surely have to allow all legitimate older accounts to run to term if that clause was not agreed to in respect of the older accounts. That would be akin to Skipton closing the RS Issue 1s held by Member RS Issue 4 customers. They didn’t of course, and launched Issue 2 and 5 with the changed terms.

Exactly. Leeds RS Issues 70,71, & 72; and possibly earlier issues have the same clause of 'only one RS' held as issue 73. However, the system should have blocked the application of further RS issues knowing that the account holder already held a RS of an earlier issue, but it didn't, unlike Skiptons BS system which does! 

I sincerely hope that Leeds BS will pay the interest in full up to the date they intend / have closed the other RSs after 'due consideration'. 

friolento

MrWannabe said:

mon3ysav3r said:

West Bromwich winter ready - they do seem to be slow in opening these, I have just had to chase them having filled in the application online on the 5th 

If not done so already, check your junk mail folder.  I applied for WB Winter Ready & was surprised to notice that the ‘welcome/your account is now open’ email had landed in my junk mail folder as opposed to my normal inbox.

I checked my spam as I had not received a confirmation email - nothing. Then I logged into my WB account just now, and there it is sitting with a £0 balance, ready for my deposit. 

Kim_13

Dizzycap said:

Kim_13 said:

Dizzycap said:

soulsaver said:

Unlikely to worry anyone but FYI.

A recent error led Leeds BS to look closer at my RSs.

In a subsequent letter I was asked to contact them re the number reg savers I have.

In the conversation, I argued that the terms suggest that holding multiple different issues is legitimate?

Plus Leeds had allowed them to be opened and regularly funded for quite some time.

It was an amicable conversation, because after their latest round of reductions, their rates are relatively rubbish.

After their  'due consideration' they intend to close all but the oldest one.  

Have Leeds BS changed their T&C's recently with the latest RS issue?

However, it would explain why Leeds have now closed all but your oldest RS, if they've decided to adopt a new policy which would be unfair if previous eligibilty criteria did not stipulate the highlighted.

If terms have been changed, then while the new issue would be closed if the customer had a previous one, they would surely have to allow all legitimate older accounts to run to term if that clause was not agreed to in respect of the older accounts. That would be akin to Skipton closing the RS Issue 1s held by Member RS Issue 4 customers. They didn’t of course, and launched Issue 2 and 5 with the changed terms.

I sincerely hope that Leeds BS will pay the interest in full up to the date they intend / have closed the other RSs after 'due consideration'. 

I can't imagine they would be allowed to do anything else given the clause does not say interest will only be paid at Easy Access rate if that happens. 

They have to accept partial responsibility for the situation given their system accepted applications it should not have accepted.