The Top Regular Savers Discussion Thread

Speculator

flaneurs_lobster said:

mon3ysav3r said:

Speculator said:

 Opened the Darlington this morning and sent £250 by FP. Anyone know how long it takes to show online? 

I made a note on my spreadsheet that it takes 1 day to show, hope that is correct!

Next working day says their website.

Mines just appeared same day.

Kim_13

Speculator said:

flaneurs_lobster said:

mon3ysav3r said:

Speculator said:

 Opened the Darlington this morning and sent £250 by FP. Anyone know how long it takes to show online? 

I made a note on my spreadsheet that it takes 1 day to show, hope that is correct!

Next working day says their website.

Mines just appeared same day.

As did mine on Friday (topping up as I did not have the full £250 until another RS matured.) 

Maybe the timescale given is a worst case scenario, like FPs usually show up instantly but can take several days.

poshrule_uk

Does anyone know if the YBS 8% RS allows a 13th payment?

surreysaver

poshrule_uk said:

Does anyone know if the YBS 8% RS allows a 13th payment?

Only if you haven't paid the maximum of £50 each month you've had it

chris_the_bee

From T's&C's
How much can I save? . You can open this account from £1 and save up to £50 each calendar month. This would be a maximum of £600 in one year, before your interest was added.

skitskut

poshrule_uk said:

Does anyone know if the YBS 8% RS allows a 13th payment?

I have found that YBS regular savers do accept a 13th payment taking you over the maximum balance if you send it externally but not internally and the correct interest is paid on it at the end of the term.

allegro120

CricketLady said:

Regarding the Darlington 5% Regular Saver, for those wishing to close it I have experience of this too, as mine was due to mature in January, but I needed the funds early, so in July I withdrew it all, closed the account (and then opened a new one when I realised I could...)

The way to do it is this - it states that two penalty free withdrawals are allowed but at the third one, the account will be closed.  After making the two withdrawals, upon trying to make the third the website told me this was against the terms of the account, so I rang them. After speaking to a customer service agent I learned that to close the account I had to secure message with "I would like to close this account, and for the funds to be sent to my nominated account (and the details of this, sort code and account number etc.)"

Just in case anyone gets stuck xxx 

Thank you for this info. Do you think l can skip two withdrawals and go straight for secure message or should I do two withdrawals first?

Bridlington1

allegro120 said:

CricketLady said:

Regarding the Darlington 5% Regular Saver, for those wishing to close it I have experience of this too, as mine was due to mature in January, but I needed the funds early, so in July I withdrew it all, closed the account (and then opened a new one when I realised I could...)

The way to do it is this - it states that two penalty free withdrawals are allowed but at the third one, the account will be closed.  After making the two withdrawals, upon trying to make the third the website told me this was against the terms of the account, so I rang them. After speaking to a customer service agent I learned that to close the account I had to secure message with "I would like to close this account, and for the funds to be sent to my nominated account (and the details of this, sort code and account number etc.)"

Just in case anyone gets stuck xxx 

Thank you for this info. Do you think l can skip two withdrawals and go straight for secure message or should I do two withdrawals first?

I was able to close my Darlington BS 12 Month RS in April without having to make any withdrawals or send a secure message. IIRC when I went to make a withdrawal there was a box to say that I'd like to close my account.

Aidanmc

Bridlington1 said:

allegro120 said:

CricketLady said:

Regarding the Darlington 5% Regular Saver, for those wishing to close it I have experience of this too, as mine was due to mature in January, but I needed the funds early, so in July I withdrew it all, closed the account (and then opened a new one when I realised I could...)

The way to do it is this - it states that two penalty free withdrawals are allowed but at the third one, the account will be closed.  After making the two withdrawals, upon trying to make the third the website told me this was against the terms of the account, so I rang them. After speaking to a customer service agent I learned that to close the account I had to secure message with "I would like to close this account, and for the funds to be sent to my nominated account (and the details of this, sort code and account number etc.)"

Just in case anyone gets stuck xxx 

Thank you for this info. Do you think l can skip two withdrawals and go straight for secure message or should I do two withdrawals first?

I was able to close my Darlington BS 12 Month RS in April without having to make any withdrawals or send a secure message. IIRC when I went to make a withdrawal there was a box to say that I'd like to close my account.

Yes, this is correct. There is a box you can tick on withdrawal page to close account.
Closed the Issue 1 RS last week like this

clairec666

skitskut said:

poshrule_uk said:

Does anyone know if the YBS 8% RS allows a 13th payment?

I have found that YBS regular savers do accept a 13th payment taking you over the maximum balance if you send it externally but not internally and the correct interest is paid on it at the end of the term.

Good to know... but also worth calculating how much extra interest you'll get and whether it's worth it. Mine matures midway through the month, so I reckon a 13th payment will be worth an extra 18p.