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Comments

  • Nasqueron said:
    robot1000 said:
    I've been a member for 25 years and have used it as my main current account, but had less than £100 in savings in March, so failed to qualify.

    I feel a bit short-changed (excuse the pun).  :/
    The criteria has been the same for 3 years now, putting £100 in their regular saver purely for speculative purposes would have been easy
    It was.
    I guess I didnt pay enough attention. 
    Personally I didnt realise the £200 had to be in a separate savings account.  Silly me.
  • Nasqueron said:
    robot1000 said:
    I've been a member for 25 years and have used it as my main current account, but had less than £100 in savings in March, so failed to qualify.

    I feel a bit short-changed (excuse the pun).  :/
    Dammit I didnt realise I needed a savings account too! :(


    The criteria has been the same for 3 years now, putting £100 in their regular saver purely for speculative purposes would have been easy to do. Even if it's not your main account, bouncing £500 in and out and making a couple of card payments (carrots are the cheapest I found) takes a couple of minutes of time
    Clearly.
    However that information is only useful IF you were aware! ;)
  • pochisoldi
    pochisoldi Posts: 351 Forumite
    Part of the Furniture 100 Posts Name Dropper
    Dammit I didnt realise I needed a savings account too! :(
    You really really should have a Flex Regular Savings account - even if you aren't regularly saving...

    Wait until June 21st then:
    Option 1:
    Open a Flex regular saver account, and drop £100 in it.
    Then leave it until next year - £100 deposited at a better than instant access rate.

    Option 2:
    Open a Flex regular saver account, and drop £200 in it.
    On the first of each month drop £200 in it

    Note that with the Flex regular saver account:
    - The month starts on the 1st, You don't have to wait until the "account anniversary" to pay in the next £200.
    (Hint - opening the account at the end of the month and paying in on the 1st for the 2nd and subsequent payments, will earn you more interest)
    - You can make 3 withdrawals from the account during the term
    - You can replace money withdrawn in the same month (the rule is "Your balance can't increase more than £200).
    I've used those two "rules" at the end of the tax year - withdraw the money, drop it in a flexible cash ISA before the end of the tax year, then withdraw from cash ISA after the start of the new tax year and redeposit in the regular saver - bingo - I've just "moved" £1400 of last year's ISA allowance into this year.



  • Dammit I didnt realise I needed a savings account too! :(
    You really really should have a Flex Regular Savings account - even if you aren't regularly saving...

    Wait until June 21st then:
    Option 1:
    Open a Flex regular saver account, and drop £100 in it.
    Then leave it until next year - £100 deposited at a better than instant access rate.

    Option 2:
    Open a Flex regular saver account, and drop £200 in it.
    On the first of each month drop £200 in it

    Note that with the Flex regular saver account:
    - The month starts on the 1st, You don't have to wait until the "account anniversary" to pay in the next £200.
    (Hint - opening the account at the end of the month and paying in on the 1st for the 2nd and subsequent payments, will earn you more interest)
    - You can make 3 withdrawals from the account during the term
    - You can replace money withdrawn in the same month (the rule is "Your balance can't increase more than £200).
    I've used those two "rules" at the end of the tax year - withdraw the money, drop it in a flexible cash ISA before the end of the tax year, then withdraw from cash ISA after the start of the new tax year and redeposit in the regular saver - bingo - I've just "moved" £1400 of last year's ISA allowance into this year.



    Well with regard to missing out on £100 yes. :)
    Otherwise, theres no benefit for me.
  • where_are_we
    where_are_we Posts: 1,291 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Myself and OH have now got email plus our 3 children. I hope they buy me a drink!
  • Bob2000
    Bob2000 Posts: 455 Forumite
    100 Posts First Anniversary Name Dropper Photogenic
    Just had a look in the app and a big banner saying " you lucky person you,  we've decided  to give you 100 quid because your lovely on top of the 50 smackaronneys you already have"  or somthing like that.

    I had an email, too.
  • I just got mail <3
  • GreenScepter
    GreenScepter Posts: 112 Forumite
    100 Posts Second Anniversary Photogenic
    I wouldn't have qualified if not for the threads on this site, wouldn't have even known about it. Cheers! :)
  • Nasqueron said:
    Nasqueron said:
    robot1000 said:
    I've been a member for 25 years and have used it as my main current account, but had less than £100 in savings in March, so failed to qualify.

    I feel a bit short-changed (excuse the pun).  :/
    Dammit I didnt realise I needed a savings account too! :(


    The criteria has been the same for 3 years now, putting £100 in their regular saver purely for speculative purposes would have been easy to do. Even if it's not your main account, bouncing £500 in and out and making a couple of card payments (carrots are the cheapest I found) takes a couple of minutes of time
    Clearly.
    However that information is only useful IF you were aware! ;)
    Sure but it's been on this forum every year and the running thread "how to ensure you qualify" explains it + the previous published criteria which hasn't changed
    I know that!
    I did say silly me.......  
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