The Top Regular Savers Discussion Thread

Bob2000

Suffolk building society RS 5% (30.09.2026) 13th payment?

Hello. I opened this account on July 28th last year, but it doesn't mature until 30th Sept. So, can l add an additional £250?

I didn't fund the account for five of the months during the 14-month term .

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82112230#Comment_82112230

Suffolk

Yes, you can add an additional £250 even if you funded this account every month. There's no maximum balance.

Born2Save_3

Hanley Economic BS Secure Message

Yesterday I received an email from HEBS which is a link to a secure message. It's notification of my 1 Year Online Smart Saver maturing in 2 months and notifying of what will happen and options.

The key paragraphs are :

"Fixed Term Savings/Smart Saver Accounts

If your account is a Fixed Term Savings/Smart Saver Account, it will automatically mature into an Instant Access Savings Account in accordance with the account terms and conditions. Details of this account are available on our website.

If you would prefer to close your account when it matures, please log in to your online account and send us a secure message with your instruction. We will then transfer the funds to your nominated bank account.

Do I Need to Take Any Action

We will contact you again 14 days before the maturity date but if you have any questions about your account, please do not hesitate to call us on 01782 255000, email us at savingsservices@thehanley.co.uk or if you are registered for online banking you can send us a secure message. You can find our opening hours on our website, thehanley.co.uk."

I may have been late to this one, so maybe this is all common knowledge.

Born2Save_3

Stafford (Railway) BS RS I1

No longer good at 4.15%A, and there is a requirement to make monthly deposits of at least £25. I think the terms and conditions state that three consecutive months of missed payments will result in closure and transfer to a Pullman easy access account. Well my last deposit was at the beginning of December 25 and it has just been closed and transferred to a Pullman. So just over 9 consecutive months of missed payments in practice. Now I haven't been sent a passbook for this account, I can hopefully get the money out…

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/82112431#Comment_82112431

You should've got a passbook for the RS, if not it may be pestering them for it. I closed mine ages ago as part of a wider cull of accounts, sent the passbook in with a cancelled cheque from my nominated account and they sent the closing balance by faster payment soon after.

Born2Save_3

https://forums.moneysavingexpert.com/discussion/comment/82112438#Comment_82112438

Thanks. I did receive a passbook but can't find it and their process for a replacement is somewhat onerous. They, with me anyway, were quite steadfast in requiring a passbook for withdrawal or closure, which is why I've been hoping they would keep to the three months on account closure.

surreysaver

https://forums.moneysavingexpert.com/discussion/comment/82112431#Comment_82112431

Technically the account isn't closed, it's just converted to a Pullman account (it keeps the same account details). I got my letter yesterday advising me!

Born2Save_3

https://forums.moneysavingexpert.com/discussion/comment/82112445#Comment_82112445

You're right. Damn, I may still have the passbook issue.

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/82112450#Comment_82112450

And meanwhile it'll be earning the (lower) Pullman account interest rate instead of the SRBS RS rate.

Born2Save_3

https://forums.moneysavingexpert.com/discussion/comment/82112454#Comment_82112454

There's not that much in there. But yes more motivation to do something about it…