The Top Regular Savers Discussion Thread

qsk

When did Halifax/BOS start to require current accounts for regular savers? I do not have BOS current account but have always got its RS. I always apply from BOS web account (rather than Halifax) though.

WillPS

qsk said:

When did Halifax/BOS start to require current accounts for regular savers? I do not have BOS current account but have always got its RS. I always apply from BOS web account (rather than Halifax) though.

It used to be possible to open a Halifax Regular Saver with no existing products at all, and a BOS Monthly Saver with only Halifax branded accounts. It hasn't been possible online for the last 18 months or so though, in reality. Maybe with a branch visit.

My Halifax login doesn't work on BOS for whatever reason, perhaps they stopped that route for people who hadn't done it already a while ago?

garfield33

Born2Save_3 said:

allegro120 said:

mhoc said:

In todays post now forming a formidable compost heap on my desk
 - 5 maturity letters from Coventry building society - I thought that there were just 3 accounts maturing ... 
And 17 letters from Principality! 
A job for another day!

I received 5 from Principality today, all saying something that I already know.  I wish they (and others for that matter) didn't use window envelopes, takes time to separate plastic from paper - nobody wants plastic in their compost.

As members of these societies can we raise the issue of paper free and postage cost ? Perhaps suggest an incentive or even a special paper free bonus digital RS account as a reward instead of branch based or post code restricted and also agree to accepting marketing from the organisation directly, if that's a key must have for the BS and why they offer branch based and post code restricted or any other restricted RS account.

Whenever Principality send me a survey I always bring up the paper overload and say I'd be happy having everything electronically. Gotta keep chipping away I guess.

However my t'other half has a few Principality RSs and is highly unorganised with a bazillion unread emails, so the letters are a useful prompt for him. I'm trying not to take over his accounts but it is so tempting...

masonic

qsk said:

When did Halifax/BOS start to require current accounts for regular savers? I do not have BOS current account but have always got its RS. I always apply from BOS web account (rather than Halifax) though.

Any existing account will allow you to continue logging in to online banking. If you have no accounts then you end up at an error page and would need to apply as a new customer and go through a more long-winded process (potentially ending up with a new profile that would need merging).

janusd

Staffordia said:

Letter received from Principality telling me that they have actioned my maturity options for the 6 mth RS. So, all being well it will be my second issue 4. I will find out next week. 

Perhaps they are preventing those who have 4 or 5 of the same issue from obtaining another?

out of interest, have you checked to see if you have received a secure message from them?

I submitted maturity instructions online on the 8th (accepted), received a secure message on the 9th telling me that I couldn't have my maturity choice and full balance would be paid to my nominated account.

since then, i've received two paper letters from them - one dated the 8th (arrived yesterday) which says it has been actioned (my initial maturity instructions I assume); the second, dated the 9th (arrived today) is identical, but bank account name & reference are now in capitals... which I assume signifies their manual intervention of changing the maturity instructions to a full balance transfer.

the point being that receiving an "actioned" letter is not necessarily an indication that they will be actioned in reality.

Staffordia

janusd said:

Staffordia said:

Letter received from Principality telling me that they have actioned my maturity options for the 6 mth RS. So, all being well it will be my second issue 4. I will find out next week. 

Perhaps they are preventing those who have 4 or 5 of the same issue from obtaining another?

out of interest, have you checked to see if you have received a secure message from them?

I submitted maturity instructions online on the 8th (accepted), received a secure message on the 9th telling me that I couldn't have my maturity choice and full balance would be paid to my nominated account.

since then, i've received two paper letters from them - one dated the 8th (arrived yesterday) which says it has been actioned (my initial maturity instructions I assume); the second, dated the 9th (arrived today) is identical, but bank account name & reference are now in capitals... which I assume signifies their manual intervention of changing the maturity instructions to a full balance transfer.

the point being that receiving an "actioned" letter is not necessarily an indication that they will be actioned in reality.

I have just checked and I haven't received a secure message, so I will just have to wait until 18th to see if my instructions are followed. 

WillPS

For what it's worth, my wife's two 'last minute' maturity instructions both generated a letter to say they'd been applied, and she even got a letter to say they'd been carried out - which I suppose was all true. Didn't stop the accounts from being closed a few hours later!

Perhaps they've realised they can't police the instructions so they're now letting them all go through, then looking over a report of recently matured/rolled over accounts instead?

10_66

Principality
For the first time, my renewal’s been refused.  Never had the dreaded secure message until today.  I usually opt for the 6 Month, but this time went for the Christmas 26. I regret not sticking to the same plan, maybe wouldn’t have made any difference anyway.

allegro120

10_66 said:

Principality
For the first time, my renewal’s been refused.  Never had the dreaded secure message until today.  I usually opt for the 6 Month, but this time went for the Christmas 26. I regret not sticking to the same plan, maybe wouldn’t have made any difference anyway.

I don't think it would.  Two of mine matured on the same day, I've instructed one to morph into 6M and another into Christmas.  I received 1 secure message followed by 2 letters for each account confirming that the funds will be transferred to my bank account... in other words, both destinations failed.  This was my first refusal too.

Archerychick

10_66 said:

Principality
For the first time, my renewal’s been refused.  Never had the dreaded secure message until today.  I usually opt for the 6 Month, but this time went for the Christmas 26. I regret not sticking to the same plan, maybe wouldn’t have made any difference anyway.

Nope that wouldn’t have made any difference. I had a first time rejection too, and chose the 6 months like I always do. Times just up on this ability to hold more than one of an issue type. I’m glad that a few of mine renewed in the last couple of months, and I hopefully run in to Q2 with a few accounts