The Top Regular Savers Discussion Thread

Nick_C

My Monmouthshire RS App Exclusive Iss 1 matures tomorrow (Saturday). Balance £12k.

Am I right in thinking I should withdraw £11999 today, and close the account on Monday?

DodgerPot

https://forums.moneysavingexpert.com/discussion/comment/82110102#Comment_82110102

I considered doing that but chose the option to just close down today and then redistribute the whole sum into my 5% accounts

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82110105#Comment_82110105

Either should be fine, I emptied mine yesterday and will collect the interest when it eventually arrives.

friolento

https://forums.moneysavingexpert.com/discussion/comment/82110000#Comment_82110000

I half suspect that the alleged demise of the Zopa 7.1% RS never actually happened, and that it was just a badly informed CS person giving out incorrect information.

Off-topic but since you mentioned the Zopa easy access savings account: there are at least 3 EA accounts which pay better - Spring, Saga, First Active.

Speculator

https://forums.moneysavingexpert.com/discussion/comment/82110102#Comment_82110102

that's what I am doing. If you withdraw before 2pm today, the money will be in your current a/c by 4pm.

qsk

https://forums.moneysavingexpert.com/discussion/comment/82110163#Comment_82110163

Does this also apply to closure, ie, if I close the account by 2pm, I would get the balance by 4pm?

csw5780

https://forums.moneysavingexpert.com/discussion/comment/82110093#Comment_82110093

Yes just closed and reopened immediately 👍🏻

flaneurs_lobster

ZOPA

https://forums.moneysavingexpert.com/discussion/comment/82110178#Comment_82110178

I'm thinking the same as @friolento - a CS rep has forgotten which company/script they are supposed to be representing/reading from and has misspoken.

Pickledonionlover

Can we please identify which institution we're talking about on each post please.

Currently we have a lot of posts of Monmouthshire and Zopa and it's tough to know the difference.

It helps us who want to skip over one or the other or both.

Thanks

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82110102#Comment_82110102

Yes if it is your only/oldest Monmouthshire account, otherwise closure to be actioned today will be fine.