The Top Regular Savers Discussion Thread

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

kermchem

Kim_13 said:

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

Yorkshire YBS uses an external ID validation service that also asks to see both sides of driving licence. 

Scottish BS i sent application form, photograph of front of driving licence, cheque in an envelope last week and so far heard nothing. Not very MSE, but posted Thursday with a 1st class stamp. 

wmb194

Kim_13 said:

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

I sent a copy of my passport photo pages. Scottish has returned this to me along with the passbook.

Yes, the cheque was made out to: Scottish Building Society a/c <forname> <surname> and it cleared yesterday.

Dugal

Aidanmc 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.

Was the cheque you sent not from the nominated account?

Cheque was from my nominated account.  Seems to be some randomness or other factor involved.  No big issue though.  Had acknowledgement of emailed statement.  So hopefully all OK.

jameseonline

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 take out money out of Lloyds regulars (5.25% standard & 6.25% Club Lloyds, you can have both if you have Club Lloyds bank account) whenever you want though so you can leave them open, continue paying in or not & you'd just wait for any interest due at the end of the year.

I'm gradually emptying my Club Lloyds Regular to fund better rate regulars, but may serve as a nice overflow account for maturing regulars.

Nationwide (6.5%) do new issues every so often, you are only allowed 1 of any issue at a time, you can close whenever you want & can open a new one like 24hrs later.

Both Lloyds and Nationwide haven't changed rates so far.

I believe.

PowerSavingMode

Kim_13 said:

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

Scottish Building Society

I just sent one side of driving licence (front) and they accepted that. As for the cheque, they advised:

"The opening deposit for the account must be made within 14 days, by cheque made payable to yourself as this is treated as a postal application. This can be done in any of our Relationship Centres or posted to our head office at:

 

Scottish Building Society

193 Dalry Road

Edinburgh

EH11 2EF

 

Once we have received and processed your cheque, you will receive your welcome pack within 3-5 working days."