The Top Regular Savers Discussion Thread

flaneurs_lobster

subjecttocontract said:

flaneurs_lobster said:

subjecttocontract said:

I closed mine this week without a penalty.

I don't doubt your experience for a moment but the wording of the rate reduction letter reads somewhat ambiguously 

If you decide to close your account because of this rate change, you can do so without notice, charge, or loss of interest within 30 days of the effective date.  

Is that a 30 day window after 1 Sep or a 60 day window, 30 days either side of 1 Sep?

Your closure this week without penalty suggests the latter, although I would have interpreted the wording as meaning the former.

I only had £100 in the account so the interest payment was small but there was no deduction. So, I assume it's 30 days either side of the interest rate reduction.

Fair enough, I've got £2k+ so think I'll follow @Kim_13 's lead and leave it alone 'till next month.

Speculator

subjecttocontract said:

flaneurs_lobster said:

subjecttocontract said:

I closed mine this week without a penalty.

I don't doubt your experience for a moment but the wording of the rate reduction letter reads somewhat ambiguously 

If you decide to close your account because of this rate change, you can do so without notice, charge, or loss of interest within 30 days of the effective date.  

Is that a 30 day window after 1 Sep or a 60 day window, 30 days either side of 1 Sep?

Your closure this week without penalty suggests the latter, although I would have interpreted the wording as meaning the former.

I only had £100 in the account so the interest payment was small but there was no deduction. So, I assume it's 30 days either side of the interest rate reduction.

penalty is only 45p for £100 savings so maybe because it's below a certain threshold, they decided not to apply it to your account.

flaneurs_lobster

Speculator said:

subjecttocontract said:

flaneurs_lobster said:

subjecttocontract said:

I closed mine this week without a penalty.

I don't doubt your experience for a moment but the wording of the rate reduction letter reads somewhat ambiguously 

If you decide to close your account because of this rate change, you can do so without notice, charge, or loss of interest within 30 days of the effective date.  

Is that a 30 day window after 1 Sep or a 60 day window, 30 days either side of 1 Sep?

Your closure this week without penalty suggests the latter, although I would have interpreted the wording as meaning the former.

I only had £100 in the account so the interest payment was small but there was no deduction. So, I assume it's 30 days either side of the interest rate reduction.

penalty is only 45p for £100 savings so maybe because it's below a certain threshold, they decided not to apply it to your account.

Exactly my thinking. 

Speculator

Just closed my Nationwide Flex Regular 3. Was due to mature in 20 days but needed the money to fund next months regular savers.

I just tried to reopen the Flex Regular 3 but computer says no. Anyone know how long before the system lets me open another Flex regular saver. Thanks. 

chris_the_bee

Speculator said:

Just closed my Nationwide Flex Regular 3. Was due to mature in 20 days but needed the money to fund next months regular savers.

I just tried to reopen the Flex Regular 3 but computer says no. Anyone know how long before the system lets me open another Flex regular saver. Thanks. 

Normally needs an overnight run, but you could try later and it may allow you.

Aidanmc

YBS loyalty RS
Sorry, nothing new here. Received an email about Loyalty RS, forgot i closed mine last month!

Controlthenarrative

Monmouthshire Building Society

App Exclusive for existing customers prior to 20.08.25

£50 min £1000 max per month. Maximum balance £12k.

7% Variable

Under exclusive accounts in app 

Digital_Payback

Aidanmc said:

YBS loyalty RS
Sorry, nothing new here. Received an email about Loyalty RS, forgot i closed mine last month!

Got the same email, but at 5.05% AER Variable, not exactly one that makes me want to rush to open it. 

exel1966

Controlthenarrative said:

Monmouthshire Building Society

App Exclusive for existing customers prior to 20.08.25

£50 min £1000 max per month. Maximum balance £12k.

7% Variable

Under exclusive accounts in app 

And as we're dealing with MONBS the app is currently down, undergoing maintenance !!!

flaneurs_lobster

exel1966 said:

Controlthenarrative said:

Monmouthshire Building Society

App Exclusive for existing customers prior to 20.08.25

£50 min £1000 max per month. Maximum balance £12k.

7% Variable

Under exclusive accounts in app 

And as we're dealing with MONBS the app is currently down, undergoing maintenance !!!

Nah, app's fine. Opened the account in five minutes.

AND, they've removed the need for 2FA after biometric login.

All good.