The Top Regular Savers Discussion Thread

MDMD

I think if you have an existing easy access account it moves across straightaway. If you don’t it takes 5 days to convert but you can access the funds through chat.

masonic

https://forums.moneysavingexpert.com/discussion/comment/82002643#Comment_82002643

Oh yes, never looked there before.

happybagger

For anyone with the Loughborough Holiday Saver which has a fixed maturity of 31 May, I have had a postal maturity form, no options other than what is on their website. They are allowing withdrawal to bank.

Default account is 1.40%

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82003093#Comment_82003093

I’ve got the same letter. Filled the form and sent it off together with passbook. I thought it will be a cheque as with other Loughborough passbook accounts.

chris_the_bee

https://forums.moneysavingexpert.com/discussion/comment/82003414#Comment_82003414

Maturity funds are paid by FP next working day, whereas mid term withdrawals and/or closure are paid by cheque.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82003488#Comment_82003488

I kept Super Saver running until maturity and the only withdrawal option was cheque.

chris_the_bee

https://forums.moneysavingexpert.com/discussion/comment/82003551#Comment_82003551

Strange, my 1 Year Fixed Rate Monthly Saver Issue 2 matured 17/12/2025 and was paid by bank transfer.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82003573#Comment_82003573

I'm not sure how it works with Loughborough. Looks like it is different for different accounts? Strange, because they are all standard passbook accounts.

roked

I have had a bit of a strange one with my first direct RS this time around. It matured on Friday and I applied as normal that day (once it disappeared).

Yesterday I had the £300 payment taken from my first direct current account and today its appeared in the ordinary savings account, guess I need to apply again…

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82004061#Comment_82004061

Most people agree that there's an amount of manual processing involved with the maturity/renewal of FD's regular saver - looks like this time they've done a whoopsy.

Give them a ring - they are usually pretty on the ball with this stuff. There's online chat too if you'd prefer.