The Top Regular Savers Discussion Thread

s71hj

happybagger said:

s71hj said:

Happened to be Market Harborough so popped in and opened the branch 5.8% RS. My current one matures Sunday. Am I correct I can't fund the new one until after the old one matures on Sunday? 

As I read it:
You can deposit £250 max p/m in one or both accounts - so if you've put in 250 in the maturing one, no you can't put any in the new.
If your balance in the maturing account is £3250 then you can't deposit in the new one until the old one matures.
If it's under £3250 you can, as long as the two together don't exceed £3250.

Thank you. 

happybagger

s71hj said:

Thanks. I may well chance it. Sounds like the consequences are at worst minimal and at best non existent . Ideally I'd have opened early December but won't be here again until close to the end of the month and it may get withdrawn as well before then 

The consequences as you say appear minimal

We reserve the right to return funds to you where either the monthly, or overall deposit maximum is exceeded.

And in any case they will have already returned the excess, as a consequence of you closing the first account at maturity.

If I had done what you'd done, I'd be putting the full £250 in as a November deposit.

castle96

Anyone managed to open the new MARKET HARB 5.8% fixed RS (branch only) as an online jobby?

trickydicky14

allegro120 said:

s71hj said:

Happened to be Market Harborough so popped in and opened the branch 5.8% RS. My current one matures Sunday. Am I correct I can't fund the new one until after the old one matures on Sunday? 

MHBS
I have two of them, currently total balance is £5763.29, so the £250 limit wasn't enforced...
If I was in your position I would ignore t&c and fund it tomorrow morning.

Likewise, I also have two accounts with a total of £6767.50 one matures on Sunday.

s71hj

allegro120 said:

s71hj said:

Happened to be Market Harborough so popped in and opened the branch 5.8% RS. My current one matures Sunday. Am I correct I can't fund the new one until after the old one matures on Sunday? 

MHBS
I have two of them, currently total balance is £5763.29, so the £250 limit wasn't enforced...
If I was in your position I would ignore t&c and fund it tomorrow morning.

So if I pay in tonight or tomorrow morning when will it show as a credit with MHBS - I know there is somebody on here who keeps a handy per institution list of such things! 

PowerSavingMode

s71hj said:

allegro120 said:

s71hj said:

Happened to be Market Harborough so popped in and opened the branch 5.8% RS. My current one matures Sunday. Am I correct I can't fund the new one until after the old one matures on Sunday? 

MHBS
I have two of them, currently total balance is £5763.29, so the £250 limit wasn't enforced...
If I was in your position I would ignore t&c and fund it tomorrow morning.

So if I pay in tonight or tomorrow morning when will it show as a credit with MHBS - I know there is somebody on here who keeps a handy per institution list of such things! 

MHBS

"Automated payments (for example, payments via the internet or standing orders) received before 3pm will normally be available for withdrawal two hours after the payment has been received by us. Automated payments received after that time, or not on a Working Day, will be available to withdraw from 9am the next Working Day."

[SOURCE: MHBS General Savings Account Terms & Conditions]

Bridlington1

With regards to the Manchester BS Regular Saver Issue 1 at 5.5%, I just thought I'd mention my experience below in case anyone's interested in refreshing their account:

I requested this account be closed yesterday at around 8pm, the account was closed this morning and the funds arrived in my nominated account at some point today, I don't know precisely when they arrived as I was at work.

I have now been able to open a new account at around 5:30pm today, the account now shows in online banking, therefore it would seem their systems behave near identically to Newcastle BS with respect to refreshing accounts.

A warning did pop up when closing the account saying that if it is my only account, online banking would be disabled, so if refreshing the account I would be inclined to ensure you have another account with them before closing your account (in my case I've retained a rainy day saver with £1) to save having to set up online banking again.

35har1old

castle96 said:

Anyone managed to open the new MARKET HARB 5.8% fixed RS (branch only) as an online jobby?

Sent a secure message saying being disappointed that it was only branch based
Very prompt reply stating that they weren't a 
nationwide building society and the previously issue had been in high demand and they where now concentrating on the providing accounts for the local community 

Chaykin

Hanley Economic BS

After failing to get the 1 Year Branch Smart Saver (TAR09) by posting a completed form and cheque to Biddulph branch I tried my luck with the Stone branch as some other Forumites were successful there. Received a phone call today from a very friendly customer service agent to say that sadly they cannot open the account as it's branch only and they will return my form & cheque (again) but I think the agent was not aware of my previous attempt. I laughed and said something along the lines of "it was worth a try". The agent laughed too and said they have "quite a few other people to call with the same thing today"!

You win some, you lose (don't win?) some. Congrats to those who managed to get it that way. The online version (TAR10) I got would have to suffice. Not trying a third time!

allegro120

35har1old said:

castle96 said:

Anyone managed to open the new MARKET HARB 5.8% fixed RS (branch only) as an online jobby?

Sent a secure message saying being disappointed that it was only branch based
Very prompt reply stating that they weren't a 
nationwide building society and the previously issue had been in high demand and they where now concentrating on the providing accounts for the local community 

Yes, they have to keep their cash flow under control.  There's no point paying high interest rates on the cash they can't lend.  Can't blame them