The Top Regular Savers Discussion Thread

s71hj

https://forums.moneysavingexpert.com/discussion/comment/82107253#Comment_82107253

Doesn't it mature at the end of the month you opened it?

surreysaver

https://forums.moneysavingexpert.com/discussion/comment/82107414#Comment_82107414

The end of the month a year after you opened it

alfred64

That's what he meant.

Speculator

My Monmouthshire app exclusive matures this coming Saturday and withdrawals are not possible during the weekend.

That means I have 3 days to get all my money out before maturity. Don't really want to withdraw £12K in one go on Friday!

rallycurve

Why is it a bad idea to withdraw £12k in one go on Friday? Is there a withdrawal limit or something?

Speculator

https://forums.moneysavingexpert.com/discussion/comment/82107872#Comment_82107872

Well, they are just a small society and I can't risk their system needing maintenance or crashing on a Friday due to too many people withdrawing thier money.

Also, my nominated account is Lloyds and I don't trust them. They've blocked my accounts before due to large transactions so I might use the app to spread the withdrawals to different banks.

The funds will go into accounts paying 5% or higher so at most, I am about £1 worst off by withdrawing early.

dibbles212

https://forums.moneysavingexpert.com/discussion/comment/82107845#Comment_82107845

Mine matures on Sunday 30th, and I'm thinking it's probably best to withdraw on Friday into a 5% EA account rather than wait until Tuesday.

MisterMotivated

Mine matures on Sunday and I've submitted a closure request to be completed on Friday, sending money to my nominated LBG account.

Speculator

https://forums.moneysavingexpert.com/discussion/comment/82107915#Comment_82107915

If you withdraw on Monday early in the morning, you will get your money by around 3pm same day.

ignore, 31st is a bank holiday.

janusd

https://forums.moneysavingexpert.com/discussion/comment/82107927#Comment_82107927

what time are you defining as "early in the morning" ?