Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Top Regular Savers Discussion Thread
Comments
-
So this implies you can make one withdrawal?
0 -
By my reading it implies only if you do it in January - any other month and you would lose the bonus. Better than nothing and people are usually short of cash in January I guess. But reading it again, if you withdrew in January 2027 and were eligible for the bonus at the end of the following year that would be December 2028, so no allowances compared to what the terms were believed to be while the account was on sale.
But it’s a long time you’re potentially earning 1% for following a withdrawal before you find out for certain - though a complaint would be justified if you had it in writing that a January withdrawal could be made without loss of bonus for that year.
0 -
Have opened it, but haven't funded yet. The ability to withdraw isn't clear, and that's the deal breaker for me.
0 -
Yes. I think it's so you're given access to the interest in this tax year and therefore have to declare it. But the withdrawal can only be made next January, I assume.
0 -
I have it in writing (or rather in their welcome message on my account) that you can make a withdrawal in January and not lose the bonus.
"In January you will be able to make a withdrawal and still be eligible for the bonus at the end of the following year." (December 2027)
3 -
Very unclear. Italics are mine
"In January (2027) you will be able to make a withdrawal and still be eligible for the bonus at the end of the following year." (ie 2028)
1 -
Timeline:
31 Dec 2026 5.5% interest on max £3000
Jan 2007 Can withdraw
31 Dec 2027 5.5% interest on 2026 deposit + max £6000 if no withdrawals made after Jan 2027
Jan 2028 Can withdraw
And so on
2 -
If you're talking about Beverley, you need to fund it within 7 days of opening
I consider myself to be a male feminist. Is that allowed?0 -
That's not supported by the response you've received. The response says nothing about being eligible for the bonus in the same year as you make the January withdrawal. I would be asking that specific question if I wanted clarity. The fact they mention the following year but not the year of the withdrawal sort of implies the withdrawal has the same consequences as if it were made any other time during that year.
2 -
It should be fine. I can't imagine a 'fraud team' blocking the money coming in. The phone calls faff people are experiencing is about making payments from their current accounts.
2
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.9K Banking & Borrowing
- 255K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606.1K Mortgages, Homes & Bills
- 179K Life & Family
- 263.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards