Skipton loyalty accounts

proudgecko

Last year I opened a Skipton easy access account keeping £1 in order to get a loyalty account at some point
this year I have opened the member regular saver
my question is do I need to keep the easy access account open or can I close it without affecting the regular saver

PRAISETHESUN

proudgecko said:

Last year I opened a Skipton easy access account keeping £1 in order to get a loyalty account at some point
this year I have opened the member regular saver
my question is do I need to keep the easy access account open or can I close it without affecting the regular saver

I'm unsure for Skipton specifically, but I recall something in the past where people had issues where a BS only considered their single longest uninterrupted stretch of account history for loyalty products, rather than the total length of all accounts combined. Safest bet would be to keep the easy access saver independently to your loyalty saver, primarily for account longevity, but also so you retain an account for when your RS matures or you close it down.

trickydicky14

proudgecko said:

Last year I opened a Skipton easy access account keeping £1 in order to get a loyalty account at some point
this year I have opened the member regular saver
my question is do I need to keep the easy access account open or can I close it without affecting the regular saver

It's no hardship to keep it open it's only a £1 after all

changearound1

PRAISETHESUN said:

proudgecko said:

Last year I opened a Skipton easy access account keeping £1 in order to get a loyalty account at some point
this year I have opened the member regular saver
my question is do I need to keep the easy access account open or can I close it without affecting the regular saver

I'm unsure for Skipton specifically, but I recall something in the past where people had issues where a BS only considered their single longest uninterrupted stretch of account history for loyalty products, rather than the total length of all accounts combined. Safest bet would be to keep the easy access saver independently to your loyalty saver, primarily for account longevity, but also so you retain an account for when your RS matures or you close it down.

You may be thinking of Yorkshire BS.

surreysaver

changearound1 said:

PRAISETHESUN said:

proudgecko said:

Last year I opened a Skipton easy access account keeping £1 in order to get a loyalty account at some point
this year I have opened the member regular saver
my question is do I need to keep the easy access account open or can I close it without affecting the regular saver

I'm unsure for Skipton specifically, but I recall something in the past where people had issues where a BS only considered their single longest uninterrupted stretch of account history for loyalty products, rather than the total length of all accounts combined. Safest bet would be to keep the easy access saver independently to your loyalty saver, primarily for account longevity, but also so you retain an account for when your RS matures or you close it down.

You may be thinking of Yorkshire BS.

Agreed. I tend to keep my longest account open with the minimum amount to ensure longetivity, even if other accounts overlapping provide continuous membership.
When opening an account with a society I haven't been a member of before, once it's matured I keep the minimum in it to keep membership and access to online services 

allegro120

proudgecko said:

Last year I opened a Skipton easy access account keeping £1 in order to get a loyalty account at some point
this year I have opened the member regular saver
my question is do I need to keep the easy access account open or can I close it without affecting the regular saver

Closing EA account won't affect your regular saver.  However, it is a good practice to make sure you don't have gaps in your membership.  Keeping £1 EA account (usually these do last forever) makes things easier, you don't need to worry about the gaps between regular savers.