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The Top Regular Savers Discussion Thread

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Comments

  • 10_66 said:
    Hinckley and Rugby Regular Saver 30 day maturity options. Has anyone managed to persuade them to pay maturing balance by faster payments? A large cheque in the post means waiting for delivery, trip to

    Yes, my balance was transferred to my nominated bank account by FP (I did keep the account open with £1).
    Were you able initiate the FP transfer yourself from the account management options or did you have to request HRBS to do it for you?

  • Hope this is ok on this thread, its literally a yes or no job.

    As Gatehouse operate under Sharia rules/ethos and don't pay 'interest', does the taxman still class 'profit' as interest?

    I'm expecting a yes!
  • IanManc
    IanManc Posts: 2,437 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker
    edited 6 June at 12:49PM
    Hope this is ok on this thread, its literally a yes or no job.

    As Gatehouse operate under Sharia rules/ethos and don't pay 'interest', does the taxman still class 'profit' as interest?

    I'm expecting a yes!
    Yes.        
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    100 Posts Name Dropper
    edited 6 June at 12:49PM
    IanManc said:
    Hope this is ok on this thread, its literally a yes or no job.

    As Gatehouse operate under Sharia rules/ethos and don't pay 'interest', does the taxman still class 'profit' as interest?

    I'm expecting a yes!
    Yes.        
    Thought so haha. Thankyou.
  • 10_66
    10_66 Posts: 3,448 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    10_66 said:
    Hinckley and Rugby Regular Saver 30 day maturity options. Has anyone managed to persuade them to pay maturing balance by faster payments? A large cheque in the post means waiting for delivery, trip to

    Yes, my balance was transferred to my nominated bank account by FP (I did keep the account open with £1).
    Were you able initiate the FP transfer yourself from the account management options or did you have to request HRBS to do it for you?

    As far as I can remember, I initiated it myself via account management once it'd matured to their Easy Access account.
  • ForumUser7
    ForumUser7 Posts: 2,444 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    HRBS RS

    Did people find interest wasn't showing straight away after it converted to an easy access, and if so, how long did it take to show please? Thanks
    If you want me to definitely see your reply, please tag me @forumuser7 Thank you.

    N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
  • 10_66 said:
    10_66 said:
    Yes, my balance was transferred to my nominated bank account by FP (I did keep the account open with £1).
    Were you able initiate the FP transfer yourself from the account management options or did you have to request HRBS to do it for you?

    As far as I can remember, I initiated it myself via account management once it'd matured to their Easy Access account.
    Many Thanks

  • Kazza242
    Kazza242 Posts: 2,199 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    HRBS RS

    Did people find interest wasn't showing straight away after it converted to an easy access, and if so, how long did it take to show please? Thanks
    My HRBS RS matured on Friday 29th November 2024 and it was converted into an easy access account.  I transferred out the balance leaving £1 in the account.  My 2024 regular saver interest was then credited the next day (Saturday 30th Nov) during the evening around 6pm.

    Please call me 'Kazza'.
  • PowerSavingMode
    PowerSavingMode Posts: 268 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Co-operative BS Regular Saver (Issue 1)

    The maturity date for my RS is 22nd February. I've looked at the T&C's and there is no mention of being able to close this early to open another (and so kind of 'refresh' my RS) while it is still available. Has anyone successfully tried this?
  • chris_the_bee
    chris_the_bee Posts: 390 Forumite
    100 Posts Second Anniversary Name Dropper
    Co-operative BS Regular Saver (Issue 1)
    Yes, but it took Co-op 14 days to actually close the account. I complained and received compensation.
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