Regular Savings Accounts Article Discussion

gingercordial

Virgin RS 12 e-mail finally in! Eight hours for them to do all six :-)

typistretired

Virgin E11 and E12 now received email about increase

typistretired

gingercordial we must have been typing at same time!

soulsaver

typistretired wrote: »

Pedantic - meaning - excessively concerned with minor details or rules; overscrupulous.


Wanting to change date of a standing order to suit your financial housekeeping doesn't seem to me to be pedantic!! :rotfl:

Oh the irony...

gingercordial

typistretired wrote: »

gingercordial we must have been typing at same time!

It's a bit sad isn't it that we're all so excited about this! :rotfl:

typistretired

Now let's hope they announce the new E13 Regular Saver!

typistretired

gingercordial wrote: »

It's a bit sad isn't it that we're all so excited about this! :rotfl:

Yes it is, but we are scrambling for decent rates now. 3% would be a boost. I have consoled myself about the low rates by accepting that at least my children's mortgage rates were being kept low. But some have increased the mortgage rate a lot higher than they have given to savers

schiff

gingercordial wrote: »

It's a bit sad isn't it that we're all so excited about this! :rotfl:

On the balances I've got on mine it's worth £26.25 per annum extra.

A tiny purr of satisfaction is allowed

Sea_Shell

With yesterdays exciting Virgin news, I needn't of opened the Monmouthshire BS RS. I only sent my cheque off for the first £250 on Thursday!!! I was going to pull the money at 2.25% and put it here at 2.5%, but that's a non-starter now. (Goes off to check T&C's for any obligation to make a minimum monthly deposit?)

No "new" money to add to RS's, so it's all just a case of moving to the best home (N'wide, Santander etc.) on a month by month basis.

Although I have just been accepted for M&S CA, so will then switch another account to them, and open the 5% RS. Another line on the spreadsheet!!!

EachPenny

Westie983 wrote: »

I have had HSBC regular savers for the last eight years and have always changed the standing order date to the 1st and opened it as close as I can to the end of the month. I have always had the correct interest applied.

As long as I agree to the T&C's then I will get interest I am owed, as mentioned the only RS I have seen and hold that says the date must remain the same is First Direct .

I tried this in my first year as a HSBC customer a couple of years ago. The printed T&C's were not clear then, so I phoned and asked to change my SO date. I was told it wasn't possible to do this. I complained, and got an official letter saying that although I could change the date (bring it forward to the start of the month) I would "maximise [my] interest" by retaining the SO date as per the original one.

I thought it worth a punt and excitedly waited for my interest at the end of the year. They paid me as if the monthly deposits had been made on the original day - effectively I'd been giving them an interest free loan for 20-something days I queried this and was told (in effect) "we told you so".

Interesting you've had a different outcome.... perhaps because you've been a customer longer?