The Top Regular Savers Discussion Thread

schiff

jameseonline said:

saverkev said:

jameseonline said:

Just checked my CBS app it seems my Sunny Day has been converted to Easy Access 7 but the amount is 2p less than the amount given in letter, hmm, I know the guy on the chat said it gets converted at 12am but yeah 2p less & already converted, I'm a bit confused.

So at the moment I have £1859.27 showing in Easy Access 7, guess I'll see if 2p gets added at 12am yea?🤔

Coventry Sunny Day 

Just checked mine - its converted to Easy Access Saver £2009.20 - withdrawal instruction given to pay into nominated bank tomorrow - don't know what the amount on the letter said as its been filed in the shredder.

My letter dated 7th August clearly states £1859.29 was my current closing balance at the time, app is still showing £1859.27.

So something is clearly wrong here.

Does beg the question can Coventry add things up properly?.

Going to have to do another webchat or something later I think.

For 2p !??!

jameseonline

schiff said:

jameseonline said:

saverkev said:

jameseonline said:

Just checked my CBS app it seems my Sunny Day has been converted to Easy Access 7 but the amount is 2p less than the amount given in letter, hmm, I know the guy on the chat said it gets converted at 12am but yeah 2p less & already converted, I'm a bit confused.

So at the moment I have £1859.27 showing in Easy Access 7, guess I'll see if 2p gets added at 12am yea?🤔

Coventry Sunny Day 

Just checked mine - its converted to Easy Access Saver £2009.20 - withdrawal instruction given to pay into nominated bank tomorrow - don't know what the amount on the letter said as its been filed in the shredder.

My letter dated 7th August clearly states £1859.29 was my current closing balance at the time, app is still showing £1859.27.

So something is clearly wrong here.

Does beg the question can Coventry add things up properly?.

Going to have to do another webchat or something later I think.

For 2p !??!

Well on principal yes I want them to explain why there's 2p missing, like I said they sent me a letter, the app displays 2p less than the printed letter.

But then how can I be sure it's just 2p missing?, I'm probably not going to go down compensation/complaints route (unless they push it & many banks etc do), I'm just after an explanation to be honest.

Also if they've calculated things wrong they've probably done it with other people.

Might just be 2p, but I'm sure there would be several people kicking off if was £30 or something higher right?

I think I know the reason why it's 2p less than expected but they've had plenty of time to explain why it differs from the letter.

Ahh well I've requested a transfer out now so hopefully that will arrive today or tomorrow 

masonic

Ed-1 said:

masonic said:

clairec666 said:

Bridlington1 said:

Born2Save_3 said:

Bobblehat said:

So am I right in thinking that looking at the messages above, we should ignore the T&C's and play roulette with the deposits?

A line from the Dirty Harry movie comes to mind .... guess which one :-)

So far, to the best of my knowledge, when caught, no organisation has been particularly harsh, yet !  For example, declining or withholding interest or imposing penalties on capital, severing or limiting relationship, or what other possibilities may there be ?  Beginning to sound like the actions of HMRC now...

In the case of LBG it didn't end well for me when I took the Michael so I'd be cautious of going too far:
https://forums.moneysavingexpert.com/discussion/6433933/lbg-closing-all-my-accounts-on-18th-may/p1

Wow.... I never thought any of my banking exploits could get me banned. Without reading the full 32 pages of that thread, did you ever get a reason for them closing your accounts?

As for "being a profitable customer", I reckon I'm particularly unprofitable to all of the 18 banks and building societies I use, because most of the accounts I hold are high-paying regular savers.

Bridlington isn't alone in having facilities removed. It has happened to others. Ultimately something a bank or banking group can do without entitling you to an explanation. Something in practice they will only do to those pushing the boundaries. So it pays to moderate ones behaviour somewhat.

https://www.which.co.uk/news/article/new-de-banking-rules-to-protect-customers-from-unfair-closures-aj41N3q2of43

Interesting, but I note accounts opened before those new rules come into effect next April can still be closed without explanation.

Bob2000

I currently  have both the Monbs issue 8 6% and the app exc 7%,
So can l deposit  into the 6% and then later transfer into the app 7% ?

Bob2000

jameseonline said:

Just requested my Principality 2 Year Healthy Habits to be closed, hopefully that will be done today.

Do you get the funds back plus interest  or is there any restrictions due to early closure please?

Bob2000

Are anybody else having problems with the Monbs app please.
Been just stuck on the intro screen since 8ish last night.

Hattie627

jameseonline said:

schiff said:

jameseonline said:

saverkev said:

jameseonline said:

Just checked my CBS app it seems my Sunny Day has been converted to Easy Access 7 but the amount is 2p less than the amount given in letter, hmm, I know the guy on the chat said it gets converted at 12am but yeah 2p less & already converted, I'm a bit confused.

So at the moment I have £1859.27 showing in Easy Access 7, guess I'll see if 2p gets added at 12am yea?🤔

Coventry Sunny Day 

Just checked mine - its converted to Easy Access Saver £2009.20 - withdrawal instruction given to pay into nominated bank tomorrow - don't know what the amount on the letter said as its been filed in the shredder.

My letter dated 7th August clearly states £1859.29 was my current closing balance at the time, app is still showing £1859.27.

So something is clearly wrong here.

Does beg the question can Coventry add things up properly?.

Going to have to do another webchat or something later I think.

For 2p !??!

Well on principal yes I want them to explain why there's 2p missing, like I said they sent me a letter, the app displays 2p less than the printed letter.

But then how can I be sure it's just 2p missing?, I'm probably not going to go down compensation/complaints route (unless they push it & many banks etc do), I'm just after an explanation to be honest.

Also if they've calculated things wrong they've probably done it with other people.

Might just be 2p, but I'm sure there would be several people kicking off if was £30 or something higher right?

I think I know the reason why it's 2p less than expected but they've had plenty of time to explain why it differs from the letter.

Ahh well I've requested a transfer out now so hopefully that will arrive today or tomorrow 

I mean this in a light-hearted way, but I often don't know if you are being serious or taking the mickey. Either way, it's fine. But with all the talk recently on here about institutions closing accounts and banning customers without explanation, you might try the patience of a bank just once too often by querying a 2p discrepancy in maturity amount. As I say, good on you for being thorough and looking after your interests etc but, jeez, there has to be a limit to a bank's patience.

Bridlington1

Bob2000 said:

I currently  have both the Monbs issue 8 6% and the app exc 7%,
So can l deposit  into the 6% and then later transfer into the app 7% ?

You can do that.

Bob2000 said:

jameseonline said:

Just requested my Principality 2 Year Healthy Habits to be closed, hopefully that will be done today.

Do you get the funds back plus interest  or is there any restrictions due to early closure please?

No restrictions, you get the interest paid to the date of closure. You can also ask them to split the funds between multiple PBS accounts if you wish, in 2022-3 I often ended up closing a RS early on 1st of the month and use the funds to feed my other PBS regular savers.

Aidanmc

jameseonline said:

saverkev said:

jameseonline said:

Just checked my CBS app it seems my Sunny Day has been converted to Easy Access 7 but the amount is 2p less than the amount given in letter, hmm, I know the guy on the chat said it gets converted at 12am but yeah 2p less & already converted, I'm a bit confused.

So at the moment I have £1859.27 showing in Easy Access 7, guess I'll see if 2p gets added at 12am yea?🤔

Coventry Sunny Day 

Just checked mine - its converted to Easy Access Saver £2009.20 - withdrawal instruction given to pay into nominated bank tomorrow - don't know what the amount on the letter said as its been filed in the shredder.

My letter dated 7th August clearly states £1859.29 was my current closing balance at the time, app is still showing £1859.27.

So something is clearly wrong here.

Does beg the question can Coventry add things up properly?.

Going to have to do another webchat or something later I think.

Maybe the letter you received didn't take into account the rate reduction on 1s Sept?

CricketLady

With regards to the Coventry, my daughter's letter said she would receive £1859 and some pence, mine simply said I would receive £1800 which was the amount I'd paid in over the year (12 x £150)!  I didn't worry about it, and upon maturity I was happy to see an extra £58.80 added on.  I'm not sure if my daughter's amount matched the amount on the letter.

Paled into insignificance with my £525 premium bond win and my £515 NSI one year fixed rate 5.15% account maturing but every little helps!