Regular Savings Accounts Article Discussion

dekkard

I have an old Halifax Regular saver account that's still open; I paid into it for 12 months and transferred the money out. It now has zero balance.

The Halifax website doesn't allow me to open another regular saver presumably as I have the old one still open. But I can't close it online, only in branch apparently.

Anyone else come across this? Do I really have to go into a branch just to close an empty account?

schiff

dekkard wrote: »

I have an old Halifax Regular saver account that's still open; I paid into it for 12 months and transferred the money out. It now has zero balance.

The Halifax website doesn't allow me to open another regular saver presumably as I have the old one still open. But I can't close it online, only in branch apparently.

Anyone else come across this? Do I really have to go into a branch just to close an empty account?

Are you sure it's not now an Online Saver or something of that kind. My new account opening was straightforward, I don't see what's gone wrong here? Try the phone?

dekkard

schiff wrote: »

Are you sure it's not now an Online Saver or something of that kind. My new account opening was straightforward, I don't see what's gone wrong here? Try the phone?

Thanks. No it's defo a regular saver. There's also an online saver sitting there which is empty too. That was created when the RS was opened. I'll go into a branch tomorrow and ask what the deal is.

isasmurf

dekkard wrote: »

Thanks. No it's defo a regular saver. There's also an online saver sitting there which is empty too. That was created when the RS was opened. I'll go into a branch tomorrow and ask what the deal is.

The online saver was created for the regular saver balance to be transferred into on maturity. As that account is still open under the terms of the regular saver it automatically renews with the current interest rate for a regular saver, so you shouldn't have to open a new one.

soulsaver

isasmurf wrote: »

.. it automatically renews with the current interest rate for a regular saver, so you shouldn't have to open a new one.

...only if you have a continuous SO.

aj23_2

dekkard wrote: »

Thanks. No it's defo a regular saver. There's also an online saver sitting there which is empty too. That was created when the RS was opened. I'll go into a branch tomorrow and ask what the deal is.

An online saver didn't open for me when I opened my RS last week. My SO hasn't gone through yet either.

mhoc

Is there a kind person who can remind us about Leeds Regular saver 4 rules and regulations pretty please.

I've got a cryptic reminder on the calendar for early November which says
"Check Leeds 4 is under £6 thousand, withdraw £600, adjust SO to £50 a month"

But then on my excel it says maximum £7250 and expires January 31st - no year mentioned.

Yes I need to leave more precise reminders on the calender

ctdctd

mhoc wrote: »

Is there a kind person who can remind us about Leeds Regular saver 4 rules and regulations pretty please.

I've got a cryptic reminder on the calendar for early November which says
"Check Leeds 4 is under £6 thousand, withdraw £600, adjust SO to £50 a month"

But then on my excel it says maximum £7250 and expires January 31st - no year mentioned.

Yes I need to leave more precise reminders on the calender

Originally had a £6000 max balance excluding interest but no expiry date.
Leeds changed this earlier this year and set an maturity date of 31st Jan 2019 with an increase of the max balance to £7250 excluding interest.

mhoc

ctdctd wrote: »

Originally had a £6000 max balance excluding interest but no expiry date.
Leeds changed this earlier this year and set an maturity date of 31st Jan 2019 with an increase of the max balance to £7250 excluding interest.

thank you for solving the mystery, reminder deleted and one less job to tackle
I think its a wet afternoon job to delete defunct reminders.
I've still got reminders about the Cheshire Building society (long since swallowed up by Nationwide) which I am sentimentally attached to as it was the very first regular savings account I had.
Also reminders from when I was managing my Dads finances for him and he has been gone 4 years now

1882

If I close my Nationwide current account by transferring to another provider what happens to my RS account? Does it continue until completion or would it be closed immediately?