The Top Regular Savers Discussion Thread

Ed-1

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

Bigwheels1111

Born2Save_3 said:

MHBS Fixed Term Regular Savers Overfunding

They're enforcing the rules this month.  My second account £250 funding returned :

01/09/2025

Clrd Sav Rcpt

Standing Order xxxxxxxxxxx

£250.00

02/09/2025

Sav Return S/O

Standing Order Restricted

-£250.00

Credited to my current account today 3/9/25.

That's not good.

Both mine went in and have credited this month, I hop they leave it for 2 more payments.

Fingers crossed.

jameseonline

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?🤔

saverkev

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.

Born2Save_3

Bigwheels1111 said:

Born2Save_3 said:

MHBS Fixed Term Regular Savers Overfunding

They're enforcing the rules this month.  My second account £250 funding returned :

01/09/2025

Clrd Sav Rcpt

Standing Order xxxxxxxxxxx

£250.00

02/09/2025

Sav Return S/O

Standing Order Restricted

-£250.00

Credited to my current account today 3/9/25.

That's not good.

Both mine went in and have credited this month, I hop they leave it for 2 more payments.

Fingers crossed.

Did they close some of your accounts and/or return money to you recently ? 

jameseonline

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.

jameseonline

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

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.