The Top Regular Savers Discussion Thread

Essex123

Dudley Loyalty Regular Saver (Issue 3) - has anyone been able to open this whilst holding Issue 1?

FishInGlass

https://forums.moneysavingexpert.com/discussion/comment/82059791#Comment_82059791

I hope you get your comepnsation after such a fully tested letter.😄

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82059781#Comment_82059781

Conversely, I FP 30+/£6k monthly into RSs from my RBS account and have done so for years.

Didn't stop my initial payment to Bucks being stopped, first time that's happened in over 3 years.

janusd

Re: Dudley BS Loyalty Saver (Issue 3) - logged in this morning to find that the £50 test deposit was now showing in the balance - phew! it's still not passing CoP, but sent the remaining £450 in this morning, so hopefully should appear in the account later today.

two things of note that may be of interest to @Bridlington1 and the details for this account on p1…

1. I deposited the £50 on Saturday 4th July @ 8:21am - it is showing in the account as being received today (Monday 6th)… so where it says on p1 that "Deposits on non-working days are treated as having been received the same day" - perhaps that should be next working day? possibly this is one of those weird accounts you have previously mentioned where interest is calculated from the actual day of deposit, but it is showing the deposit date of Monday rather than the Saturday in the transactions.
2. the website is showing that interest will be paid on the anniversary Monday 5th July 2027… however, the pdf application was sent by email on 1st July; the letter from Dudley confirming the account opening is dated the 2nd July (and became visible online that day too); first deposit sent by FP on 4th July; showing in the account on 6th July - so perhaps the "Length of account term" should be 12 months from first deposit rather than 12 months from opening? Unless they're calculating the anniversary date as the next working day one year after opening as 2nd July 2027 will be a Friday ?? There was no interest anniversary date showing before the first deposit.

fabsaver

We are penny pinchers of the highest guild

Brilliant 🤣 That should be our new forum motto.

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82059991#Comment_82059991

Saturday is not a banking day despite some branches and phone lines being open in the morning.

janusd

https://forums.moneysavingexpert.com/discussion/comment/82060050#Comment_82060050

if you mean the deposit - my point was that if the info on p1 was accurate, Saturday's deposit (made on a non-working day) should have been shown as being made on Saturday rather than today… not bothered personally, just thought Brid should know.

as another update, the additional £450 sent this morning is now showing in the account - the £50 showing as "OPENING ELECT RECEIP"; the £450 as "BC BACS RECEIPT" - both dated today.

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/82060074#Comment_82060074

The Ts&Cs aren't especially clear in this regard, but when contacted Dudley BS claimed they were like Furness BS in the sense that even though payments received outside of working hours will show as dated the next working day, they'll be backdated to the day received for interest purposes.

The point about the account term beginning from date of first deposit though, if others are experiencing the same then I'll happily update p1 of this thread to reflect this.

clairec666

https://forums.moneysavingexpert.com/discussion/comment/82060004#Comment_82060004

I'm going to print that on a badge

KneadtheDough

https://forums.moneysavingexpert.com/discussion/comment/82060098#Comment_82060098

I implore the insertion of a hyphen! We are penny-pinchers of the highest guild. (Sorry, if I could, I would try to proofread postage stamps!) ;)