The Top Regular Savers Discussion Thread

Bridlington1

chris_the_bee said:

happybagger said:

@Bridlington1

MHBS have relaunched a RS with a different maturity date:
Fixed Term RS to 3/11/26, 5.8% fixed, no withdrawals.
£10 to £250 p/m, usual rules on limits
Info here

MHBS
Shame it is "open in Branch" only

Unless you're applying on behalf of someone under 18, in which case it can be opened in trust by post.

ChewyyBacca

My one & only Market Harborough BS Reg Saver is maturing on 30 Nov. I never got around to opening 2nd regular saver

1. Once my reg saver account matures, will the online profile cease to exist like other building societies?

2. The account matures on Sunday, will the maturity proceeds be credited on 1 Dec, Monday, into nominated account?
3. How do I check if I have updated nominated account? Cant it see anywhere online.

lyic

Section62 said:

masonic said:

They probably shouldn't accept an emailed application, especially if it encourages people to send ID insecurely by email. I'd question whether that is a breach of their legal obligations under UK GDPR. If the data was misdirected or intercepted, they could be considered responsible for the data breach, since they instigated the insecure transfer method.

Perversely, it would be rather less risky to accept a photograph of the cheque by email.

Hanley Economic recently asked me to reply to a non-secure email attaching a scan of my passport/driving licence and a 'selfie' holding the same document.

Their lax approach to data protection made me less keen to do business with them.

Needs to be some education/regulatory action against banks and building societies who don't think about the implications of what they are asking customers to do.

I think Hanley Economic BS are using Microsoft Purview Message Encryption.

You'll typically be asked to open a link and then log in by entering a one-time verification code received in your email. Only then can you view emails coming from them. This is equivalent to accessing Microsoft's servers directly via HTTPS.

Replies are similar, directly send to Microsoft server.

But, if you using personal Outlook email, therefore, Microsoft Purview Message Encryption can be configured as transparent because nothing leaves Microsoft's system.

Kim_13

ChewyyBacca said:

My one & only Market Harborough BS Reg Saver is maturing on 30 Nov. I never got around to opening 2nd regular saver

1. Once my reg saver account matures, will the online profile cease to exist like other building societies?

2. The account matures on Sunday, will the maturity proceeds be credited on 1 Dec, Monday, into nominated account?
3. How do I check if I have updated nominated account? Cant it see anywhere online.

I plan to leave £1 in (or whatever the minimum is for the Easy Access it becomes; this is in the terms for the version launched today but I assume it was the same for the maturing account.) That's assuming they don't waive the branch requirement in the maturity options. 

It'll be odd if they don't do anything, considering they've already been in touch to say options upcoming (which they didn't have to do.)

Section62

lyic said:

Section62 said:

masonic said:

They probably shouldn't accept an emailed application, especially if it encourages people to send ID insecurely by email. I'd question whether that is a breach of their legal obligations under UK GDPR. If the data was misdirected or intercepted, they could be considered responsible for the data breach, since they instigated the insecure transfer method.

Perversely, it would be rather less risky to accept a photograph of the cheque by email.

Hanley Economic recently asked me to reply to a non-secure email attaching a scan of my passport/driving licence and a 'selfie' holding the same document.

Their lax approach to data protection made me less keen to do business with them.

Needs to be some education/regulatory action against banks and building societies who don't think about the implications of what they are asking customers to do.

I think Hanley Economic BS are using Microsoft Purview Message Encryption.

You'll typically be asked to open a link and then log in by entering a one-time verification code received in your email. Only then can you view emails coming from them. This is equivalent to accessing Microsoft's servers directly via HTTPS.

Replies are similar, directly send to Microsoft server.

But, if you using personal Outlook email, therefore, Microsoft Purview Message Encryption can be configured as transparent because nothing leaves Microsoft's system.

Yes, the second message from them was using a secure service.  But the first one with the request for documents was just a standard email from the named employee's address, not even a generic one like savings@...

Jazzking

Hanley

Further to my last message about the delayed account opening (applied online 21st Oct and made debit card payment) and my keenness to get my November payment in ASAP I did indeed make a BACS payment using my application number at the weekend.

Today, I got my UserId in the post so logged in and was disappointed to see that my initial DC payment was credited on the 5th Nov and my 8th Nov payment was "funds received - not allocated" and today the £300 was marked as "Payment reversed - Funds returned" presumably as I'd unknowingly exceeded the monthly pay-in limit...

Not the end of the world, but frustrating to have missed the end/start of month double payment so thought worth sharing in case others may be in a similar situation when opening an account as a new customer.

Kim_13

Jazzking said:

Hanley

Further to my last message about the delayed account opening (applied online 21st Oct and made debit card payment) and my keenness to get my November payment in ASAP I did indeed make a BACS payment using my application number at the weekend.

Today, I got my UserId in the post so logged in and was disappointed to see that my initial DC payment was credited on the 5th Nov and my 8th Nov payment was "funds received - not allocated" and today the £300 was marked as "Payment reversed - Funds returned" presumably as I'd unknowingly exceeded the monthly pay-in limit...

Not the end of the world, but frustrating to have missed the end/start of month double payment so thought worth sharing in case others may be in a similar situation when opening an account as a new customer.

Strange, especially if they did not ask you for ID (as a delay in processing it would be the only reason I could see for a card payment not being credited within a few days of it being made at worst.) 

Mine was credited as the day I made it as an existing customer (although possibly not earning interest until the asterix that appears next to it disappears, I'm not sure.)

Jazzking

Kim_13 said:

Jazzking said:

Hanley

Further to my last message about the delayed account opening (applied online 21st Oct and made debit card payment) and my keenness to get my November payment in ASAP I did indeed make a BACS payment using my application number at the weekend.

Today, I got my UserId in the post so logged in and was disappointed to see that my initial DC payment was credited on the 5th Nov and my 8th Nov payment was "funds received - not allocated" and today the £300 was marked as "Payment reversed - Funds returned" presumably as I'd unknowingly exceeded the monthly pay-in limit...

Not the end of the world, but frustrating to have missed the end/start of month double payment so thought worth sharing in case others may be in a similar situation when opening an account as a new customer.

Strange, especially if they did not ask you for ID (as a delay in processing it would be the only reason I could see for a card payment not being credited within a few days of it being made at worst.) 

Mine was credited as the day I made it as an existing customer (although possibly not earning interest until the asterix that appears next to it disappears, I'm not sure.)

Yes, it was them asking for ID (and subsequent second email I'd missed asking for the passport and selfie) that caused the delay, however I hadn't expected that this would have pushed the account opening and credit of the first payment into November when they prompted me to do it upon application.  Lesson learned from me, and like I said, not the end of the world, the £300 will just be back in an easy access account until December.

s71hj

My wife's Club Lloyd's monthly saver has matured and she's opened another again at 6.25% for a year. Have immediately added £400. Am I reading in correctly that we can make another 12 payments? Hoping that the maturity of mine will happen later today. Don't know why hers has happened and not mine! 

allegro120

s71hj said:

My wife's Club Lloyd's monthly saver has matured and she's opened another again at 6.25% for a year. Have immediately added £400. Am I reading in correctly that we can make another 12 payments? Hoping that the maturity of mine will happen later today. Don't know why hers has happened and not mine! 

Yes, you can make another 12 payments.