The Top Regular Savers Discussion Thread

BestSeagull

soulsaver said:

Principality 6mth RS
Has anybody had one declined .. and then later issue (or immediate) subsequently actioned?

Hopefully, I'll know tomorrow. I've been refused both times I've tried it prior to this attempt but this time there was no email to them triggered, no email from them saying no and I received an affirmative letter in the post this week.  Don't want to count my chickens yet though!

flaneurs_lobster

allegro120 said:

Aidanmc said:

Re Principality maturity on 13th, do you think the funds will be sent out on a Saturday?
Instruction accepted for RS4 and rest to nominated account

Based on my experience - yes, funds are sent and arrive on maturity day  (including weekends).

That’s good to know. PrinBS have now sent me a reminder email to ask me to complete a CS survey about opening my first RS4. Think I'll wait until tomorrow when my RS3 matures into my second RS4 (or not). 

Eco_Miser

jaypers said:

Halifax Regular Saver…….

1) Had a letter through the post advising about it maturing on 10th November (2 months time!). Says to logon to let them know what to do at maturity. I’ve logged on via the App and via the Web and there are no options. Is this just because it’s so early.

Both Halifax and Lloyds ask for maturity instructions, but don't provide anywhere to give them. I just let them mature and empty resulting accounts (and close for Lloyds, Halifax rolls over)

trickydicky14

janusd said:

soulsaver said:

Principality 6mth RS
Has anybody had one declined .. and then later issue (or immediate) subsequently actioned?

in the recent past, i've had one declined (by secure message) as a maturity option on an earlier issue, but I got around that by phoning them and they actioned it over the phone... my most recent maturity (tomorrow) was also declined by secure message - and declined again when I called them.

I think we are giving this subject far to much spotlight, you will soon know if you have the account or not. I fear we could be digging our own grave going on and on about this. To date, no one has come up with an answer to this so I'm a big believer of let sleeping dogs .....

pecunianonolet

allegro120 said:

pecunianonolet said:

Halifax

I also just got my maturity letter but I never funded the account, it's been sitting for the entire year at a NIL balance. Can I stop the rollover so I can freely open a new one at a later time? I do not want to break any T&C's so what's the correct way to have it just closed down? I had issues with Halifax before so I don't want to trigger any reviews or other sort of trouble and attention.

You can close and open Halifax RS at any time without triggering any attention or potential trouble. Unlike Lloyds and BoS, Halifax doesn't have 12 month rule.

That's the point I don't trust LBG about. My Lloyds regular savers, both the standard and Club ones, matured earlier in the year with the club one fully funded and the standard one only been funded here and there to park overflow funds and taken out later to fund higher paying ones. Lloyds is used for yougov and I occasionally use the card for a banana or meal deal purchase. Both matured normally and interest was paid. A few days later I opened 2 new reg savers and funded both straight away. 

The next day I received a text that my accounts are getting closed after an internal review. So the normal 5.25% account remained open and I can add and withdraw funds. The Club Lloyds one was blocked and if I now want my 400 quid I need to take a letter and ID to a local branch. Interest still accrues on the 400 so I haven't bothered yet to drive to my next branch.  

The OH had 1 Halifax Rewards Current account and a regular saver that was funded at the beginning with overflow funds. When the rewards announcement was made that it all comes to an end we thought that a second rewards current account wouldn't be a bad thing and opened one. Next day a text from Halifax that the account is getting closed after a review, following was a text from Lloyds of the same and Club Lloyds accounts were blocked and cinema tickets were invalidated straight away. Calling up and politely asking and explaining what they wanted to know was easy and all was referred to another team. A complaint was raised and the complaint handler investigated, had a call with my OH and in the end everything was reactivated and is working fine since and they apologised. The existing Rewards account was downgraded and the second one opened was not reinstated but compensation was paid that amounted exactly to 12 months of rewards for the second account and anything that would have been left on the first account plus some apology money on top. 

Long story short, we use LBG but we treat them with white gloves and try not to raise any attention and are aware that we could be kicked any day for whatever reason. It's also the only institution we both independently have had repeatedly trouble with, while the likes of HSBC (both Premier customers), Barclays (I am also Premier there), Natwest, RBS, Nationwide, First Direct, Santander have never caused any trouble. Only Virgin Money I had reason to complain recently as they closed my current account instead of the matured 10% reg saver but I got 250 quid compensation paid today so can't complain. 

masonic

pecunianonolet said:

allegro120 said:

pecunianonolet said:

Halifax

I also just got my maturity letter but I never funded the account, it's been sitting for the entire year at a NIL balance. Can I stop the rollover so I can freely open a new one at a later time? I do not want to break any T&C's so what's the correct way to have it just closed down? I had issues with Halifax before so I don't want to trigger any reviews or other sort of trouble and attention.

You can close and open Halifax RS at any time without triggering any attention or potential trouble. Unlike Lloyds and BoS, Halifax doesn't have 12 month rule.

That's the point I don't trust LBG about. ...

Maybe I'm missing it, but I don't see anything in your activities that would go against the letter or even the spirit of the T&C of those accounts.

janusd

trickydicky14 said:

janusd said:

soulsaver said:

Principality 6mth RS
Has anybody had one declined .. and then later issue (or immediate) subsequently actioned?

in the recent past, i've had one declined (by secure message) as a maturity option on an earlier issue, but I got around that by phoning them and they actioned it over the phone... my most recent maturity (tomorrow) was also declined by secure message - and declined again when I called them.

I think we are giving this subject far to much spotlight, you will soon know if you have the account or not. I fear we could be digging our own grave going on and on about this. To date, no one has come up with an answer to this so I'm a big believer of let sleeping dogs .....

I know already that i'm not getting it, the balance is going to an EA account with PBS as I ultimately requested. I was merely answering a question that soulsaver posed.

I have no intention of going back over the "do we choose option 2 or option 4" debate - not least because it's five weeks before I get another go at it. I understand the letting dogs lie scenario, and that's fine if you're already getting the maturity options you request (or don't have PBS accounts), but for those who aren't, it's absolutely legitimate to try and find out common reasons why some are and some aren't using the exact same maturity selection method.

if by the end of the year, my current 6 PSB RS accounts have matured into just having 1 RS with PBS, then I will lose zero sleep over it... though that won't prevent me trying to have them all mature into highest paying RS with them if possible - it's the RS game we're all playing here.

flaneurs_lobster

masonic said:

pecunianonolet said:

allegro120 said:

pecunianonolet said:

Halifax

I also just got my maturity letter but I never funded the account, it's been sitting for the entire year at a NIL balance. Can I stop the rollover so I can freely open a new one at a later time? I do not want to break any T&C's so what's the correct way to have it just closed down? I had issues with Halifax before so I don't want to trigger any reviews or other sort of trouble and attention.

You can close and open Halifax RS at any time without triggering any attention or potential trouble. Unlike Lloyds and BoS, Halifax doesn't have 12 month rule.

That's the point I don't trust LBG about. ...

Maybe I'm missing it, but I don't see anything in your activities that would go against the letter or even the spirit of the T&C of those accounts.

About the only jiggery-pokery that's available on these accounts is renewing them to an ordinary saver to allow the opening of another RS thus preserving a fixed rate for another year - against the "spirit" of only having 1 each of these accounts per year and not being able to open another until the term is up (had you closed them rather than renewed them).

masonic

flaneurs_lobster said:

masonic said:

pecunianonolet said:

allegro120 said:

pecunianonolet said:

Halifax

I also just got my maturity letter but I never funded the account, it's been sitting for the entire year at a NIL balance. Can I stop the rollover so I can freely open a new one at a later time? I do not want to break any T&C's so what's the correct way to have it just closed down? I had issues with Halifax before so I don't want to trigger any reviews or other sort of trouble and attention.

You can close and open Halifax RS at any time without triggering any attention or potential trouble. Unlike Lloyds and BoS, Halifax doesn't have 12 month rule.

That's the point I don't trust LBG about. ...

Maybe I'm missing it, but I don't see anything in your activities that would go against the letter or even the spirit of the T&C of those accounts.

About the only jiggery-pokery that's available on these accounts is renewing them to an ordinary saver to allow the opening of another RS thus preserving a fixed rate for another year - against the "spirit" of only having 1 each of these accounts per year and not being able to open another until the term is up (had you closed them rather than renewed them).

Exactly, and having taken advantage of that on multiple occasions with no comeback, I am surprised that simply reopening an account after maturity and funding immediately, or making irregular deposits and withdrawing, would cause LBG to conduct a review.

flaneurs_lobster

masonic said:

flaneurs_lobster said:

masonic said:

pecunianonolet said:

allegro120 said:

pecunianonolet said:

Halifax

I also just got my maturity letter but I never funded the account, it's been sitting for the entire year at a NIL balance. Can I stop the rollover so I can freely open a new one at a later time? I do not want to break any T&C's so what's the correct way to have it just closed down? I had issues with Halifax before so I don't want to trigger any reviews or other sort of trouble and attention.

You can close and open Halifax RS at any time without triggering any attention or potential trouble. Unlike Lloyds and BoS, Halifax doesn't have 12 month rule.

That's the point I don't trust LBG about. ...

Maybe I'm missing it, but I don't see anything in your activities that would go against the letter or even the spirit of the T&C of those accounts.

About the only jiggery-pokery that's available on these accounts is renewing them to an ordinary saver to allow the opening of another RS thus preserving a fixed rate for another year - against the "spirit" of only having 1 each of these accounts per year and not being able to open another until the term is up (had you closed them rather than renewed them).

Exactly, and having taken advantage of that on multiple occasions with no comeback, I am surprised that simply reopening an account after maturity and funding immediately, or making irregular deposits and withdrawing, would cause LBG to conduct a review.

Me too, my sole activity on my Lloyds accounts is paying in £2k once a month, funding the two RS then moving the balance out again, leaving the fiver that's been there for years. Never a sniff of "'Ello, 'ello Sunshine.....".