The Top Regular Savers Discussion Thread

OrangeBlueGreen

TheQuaker said:

Received my Scottish Building Society pass book in the post. How cute, takes me back. Didn't realise such things still existed ! 

I know they're Marmite and considered old fashioned, but +1 for a passbook!

kermchem

wmb194 said:

kermchem said:

My understanding is that the only difference between the Progressive Rainy Day issue 3  / issue 4 problem and the regular savers from Lloyds Bank (x 2) and Nationwide is that in living memory Lloyds and Nationwide have not brought out a new issue with a higher interest rate.

All three do not allow you to close an issue and open a new one until the 12 months are up (12 months plus a day for Nationwide).

Meanwhile, Progressive RD RS issue 4 opened last night, ID no issue.

You can close and reopen Lloyds RS' on the same day: the T&Cs aren't enforced.

Noted for future reference! Thank you. 

Digital_Payback

Dugal said:

Chaykin said:

Scottish BS

Going to apply for their RS via post - got my printed & completed form, photocopy of driving licence, & cheque ready. Now just to decide whether to pay for a stamp or ask them to post me a pre-paid envelope.

For people saying to use a Freepost licence number/address - how do you do that? Any successes with that approach? According to the below from Royal Mail handwriting is not allowed since 30th of March 2015 unless business uses "Freepost NAME" service - and Scottish BS seems not to have that as they use a licence number? https://www.royalmail.com/sites/royalmail.com/files/2022-09/response-services-user-guide_september-2022.pdf

I sent off my form, copy of driving licence and cheque.  They have just been in touch asking for a copy of a bank statement of my nominated bank account, just emailed a copy.  Not sure if I misread the form or I have been selected for special treatment.

You are not being selected for special treatment. I got the same email. 

I had sent the application form with copy of my driving licence, and my cheque was written on the same nominated personal account, payable to myself.
The received email said they could not verify my account. Go figure!
I have now sent a downloaded PDF of my bank statement by email to the Scottish B.S. 
Not too hard to do. Hopefully that’ll allow the account to be opened. 

Growingold

wmb194 said:

kermchem said:

My understanding is that the only difference between the Progressive Rainy Day issue 3  / issue 4 problem and the regular savers from Lloyds Bank (x 2) and Nationwide is that in living memory Lloyds and Nationwide have not brought out a new issue with a higher interest rate.

All three do not allow you to close an issue and open a new one until the 12 months are up (12 months plus a day for Nationwide).

Meanwhile, Progressive RD RS issue 4 opened last night, ID no issue.

You can close and reopen Lloyds RS' on the same day: the T&Cs aren't enforced.

Also you can close the Nationwide RS and reopen the following day

trickydicky14

Dugal said:

Chaykin said:

Scottish BS

Going to apply for their RS via post - got my printed & completed form, photocopy of driving licence, & cheque ready. Now just to decide whether to pay for a stamp or ask them to post me a pre-paid envelope.

For people saying to use a Freepost licence number/address - how do you do that? Any successes with that approach? According to the below from Royal Mail handwriting is not allowed since 30th of March 2015 unless business uses "Freepost NAME" service - and Scottish BS seems not to have that as they use a licence number? https://www.royalmail.com/sites/royalmail.com/files/2022-09/response-services-user-guide_september-2022.pdf

I sent off my form, copy of driving licence and cheque.  They have just been in touch asking for a copy of a bank statement of my nominated bank account, just emailed a copy.  Not sure if I misread the form or I have been selected for special treatment.

I think you misread the form, you need to select a document from list A and from list B.

Aidanmc

trickydicky14 said:

Dugal said:

Chaykin said:

Scottish BS

Going to apply for their RS via post - got my printed & completed form, photocopy of driving licence, & cheque ready. Now just to decide whether to pay for a stamp or ask them to post me a pre-paid envelope.

For people saying to use a Freepost licence number/address - how do you do that? Any successes with that approach? According to the below from Royal Mail handwriting is not allowed since 30th of March 2015 unless business uses "Freepost NAME" service - and Scottish BS seems not to have that as they use a licence number? https://www.royalmail.com/sites/royalmail.com/files/2022-09/response-services-user-guide_september-2022.pdf

I sent off my form, copy of driving licence and cheque.  They have just been in touch asking for a copy of a bank statement of my nominated bank account, just emailed a copy.  Not sure if I misread the form or I have been selected for special treatment.

I think you misread the form, you need to select a document from list A and from list B.

The bank statement request seems to be to verify the nominated account rather than ID or proof of address?

wmb194

trickydicky14 said:

Dugal said:

Chaykin said:

Scottish BS

Going to apply for their RS via post - got my printed & completed form, photocopy of driving licence, & cheque ready. Now just to decide whether to pay for a stamp or ask them to post me a pre-paid envelope.

For people saying to use a Freepost licence number/address - how do you do that? Any successes with that approach? According to the below from Royal Mail handwriting is not allowed since 30th of March 2015 unless business uses "Freepost NAME" service - and Scottish BS seems not to have that as they use a licence number? https://www.royalmail.com/sites/royalmail.com/files/2022-09/response-services-user-guide_september-2022.pdf

I sent off my form, copy of driving licence and cheque.  They have just been in touch asking for a copy of a bank statement of my nominated bank account, just emailed a copy.  Not sure if I misread the form or I have been selected for special treatment.

I think you misread the form, you need to select a document from list A and from list B.

Scottish BS

No, it says you only need to send a copy of your passport or photo driving licence. I did this with a cheque for my nominated account and the account has been opened with no request for a statement or anything else.

10_66

trickydicky14 said:

Dugal said:

Chaykin said:

Scottish BS

Going to apply for their RS via post - got my printed & completed form, photocopy of driving licence, & cheque ready. Now just to decide whether to pay for a stamp or ask them to post me a pre-paid envelope.

For people saying to use a Freepost licence number/address - how do you do that? Any successes with that approach? According to the below from Royal Mail handwriting is not allowed since 30th of March 2015 unless business uses "Freepost NAME" service - and Scottish BS seems not to have that as they use a licence number? https://www.royalmail.com/sites/royalmail.com/files/2022-09/response-services-user-guide_september-2022.pdf

I sent off my form, copy of driving licence and cheque.  They have just been in touch asking for a copy of a bank statement of my nominated bank account, just emailed a copy.  Not sure if I misread the form or I have been selected for special treatment.

I think you misread the form, you need to select a document from list A and from list B.

A & B are only if opening in a "Relationship Centre" and if they've been unable to identify your one copy of postal ID (copy of passport or driving licence), when they'll then ask you for additional ID.

happybagger

Fair play to Scottish BS, they called me to say I hadn't completed the nominated account details on the form. They said they'd take it off the cheque I had sent if that's what I wanted. Easy as that.

I went to the application form to check why I missed it - it's next to the section "how do you want interest paid", I ticked "add to this account" and thought (wrongly) that the boxes were for when interest was paid away.

Good on you SBS for not making more of it than necessary. 

Kim_13

wmb194 said:

trickydicky14 said:

Dugal said:

Chaykin said:

Scottish BS

Going to apply for their RS via post - got my printed & completed form, photocopy of driving licence, & cheque ready. Now just to decide whether to pay for a stamp or ask them to post me a pre-paid envelope.

For people saying to use a Freepost licence number/address - how do you do that? Any successes with that approach? According to the below from Royal Mail handwriting is not allowed since 30th of March 2015 unless business uses "Freepost NAME" service - and Scottish BS seems not to have that as they use a licence number? https://www.royalmail.com/sites/royalmail.com/files/2022-09/response-services-user-guide_september-2022.pdf

I sent off my form, copy of driving licence and cheque.  They have just been in touch asking for a copy of a bank statement of my nominated bank account, just emailed a copy.  Not sure if I misread the form or I have been selected for special treatment.

I think you misread the form, you need to select a document from list A and from list B.

Scottish BS

No, it says you only need to send a copy of your passport or photo driving licence. I did this with a cheque for my nominated account and the account has been opened with no request for a statement or anything else.

Was Scottish Building Society - (Name) accepted, or did you just put your name? And both sides of the driving licence or just the front? Until Progressive yesterday, I hadn’t thought that a provider would need both sides.

Will send off the form if the e-version doesn’t appear in the next two weeks, so as to get it opened in October