Regular Savings Accounts Article Discussion

GreenBitterfly

sparks6 wrote: »

My Leeds reg saver has come to an end how do I get my funds out? O found a funds transfer form and that mentions a charge of 20 to a domestic transfer payment???

Is it Issue 17? if so, it doesn't mature till 30th June, they won't contact you till closer to the end of the month.

veryintrigued

JamesRobinson48 wrote: »

I've just accepted an invitation from this BS to rollover my RS from Issue 3 into Issue 4 at 2.10% p.a., near the end of Sep. Their letter arrived one month before my RS maturity. One doesn't know how soon they'll cease RS rollovers altogether, given the merger with Skipton effective Oct 1. But I'm hoping they'll wish to avoid making savers worse off by the merger, at least for a short time.

Has anyone had any news of this?

My spreadsheet shows this should mature in three or so weeks. Unhelpfully I seem to have temporarily lost the Skipton paperwork between house moves!

The last letter (albeit from Holmesdale in September 2018) confirms that the issue 3 has become issue 4, that the account will mature on 22nd September and that they (Holmesdale) will write to me 30 days before maturity. (No-one has).

TIA

[Deleted User]

veryintrigued wrote: »

Has anyone had any news of this?

My spreadsheet shows this should mature in three or so weeks. Unhelpfully I seem to have temporarily lost the Skipton paperwork between house moves!

The last letter (albeit from Holmesdale in September 2018) confirms that the issue 3 has become issue 4, that the account will mature on 22nd September and that they (Holmesdale) will write to me 30 days before maturity. (No-one has).

TIA

I have this account. My maturity date is 28 September and it is paying 2.10% on a balance which has now reached £5300.

My account matured/rolled-over from Issue 3 to Issue 4 (Holmesdale) on 28 September 2018 which (I think) was the very last business day before HBS was taken over by Skipton. I was issued with a Skipton BS passbook which I have not had updated. I also have access to Skipton online to view the account (which won't let me in his evening unfortunatelu).

Not had any maturity letter yet from Skipton but I note that they don't currently do Regular Saver accounts so I don't expect to be in a position to replace this one at maturity.

veryintrigued

veryintrigued wrote: »

Has anyone had any news of this?

My spreadsheet shows this should mature in three or so weeks. Unhelpfully I seem to have temporarily lost the Skipton paperwork between house moves!

The last letter (albeit from Holmesdale in September 2018) confirms that the issue 3 has become issue 4, that the account will mature on 22nd September and that they (Holmesdale) will write to me 30 days before maturity. (No-one has).

TIA

Apparently Skipton have different timescales for communicating the maturity choices. This is two to three weeks but was never communicated to me.

Also be prepared to have to prove your identity (again) if you try and withdraw the funds. What a pickle

veryintrigued

veryintrigued wrote: »

Has anyone had any news of this?

My spreadsheet shows this should mature in three or so weeks. Unhelpfully I seem to have temporarily lost the Skipton paperwork between house moves!

The last letter (albeit from Holmesdale in September 2018) confirms that the issue 3 has become issue 4, that the account will mature on 22nd September and that they (Holmesdale) will write to me 30 days before maturity. (No-one has).

TIA

Letter received today.

Will mature into an easy access 0.80%.

Letter also mentions 'online.....full range of maturity instructions'. Can anyone with this account and Skipton online access advise if there are other account maturity options please?

Fingerbobs

Just noticed that the interest rate quoted in the MSE article for the Ipswich Building Society's regular saver is wrong.
The article says that the rate is 2.5% including the bonus - this is not correct.
The rate including bonus is 2.9%, and has been for quite a while. 2.5% is the bonus itself. The interest rate without the bonus is 0.40%.

MaxZorin

Fingerbobs wrote: »

Just noticed that the interest rate quoted in the MSE article for the Ipswich Building Society's regular saver is wrong.
The article says that the rate is 2.5% including the bonus - this is not correct.
The rate including bonus is 2.9%, and has been for quite a while. 2.5% is the bonus itself. The interest rate without the bonus is 0.40%.

This is odd as it was correct a few weeks back as it inspired me to take one out. It’s a fantastic Regular Saver. The rate is now very competitive and it allows you to deposit up to £1000 per month via a Joint Account. Their website is still showing it as 2.9% so I’ve no idea where MSE have got their figure from.

JohnTheSkier

Anyone else noticed that the Regular Savings Calculator is incorrect for dripfeeding? For example, if you wanted to max out a 2.5% regular saver that had a limit of £500 a month (Coventry BS), and had £6000 parked in a 1.5% easy access account, it says that you would earn £122 in total - £41 from the "normal" account and £81 from reg. saver. So far so good. However it then says this compares to £41 in total if you left it all in the normal account, which is completely incorrect, as you would earn 1.5% on the whole £6000, meaning it would earn approximately £90 interest. Have emailed them a couple of times to get it corrected, but no success.


I realise 1.5% no longer available for easy access, but was doing it before Marcus lowered the bonus rate.

YorkshireBoy

JohnTheSkier wrote: »

Anyone else noticed that the Regular Savings Calculator is incorrect for dripfeeding? For example, if you wanted to max out a 2.5% regular saver that had a limit of £500 a month (Coventry BS), and had £6000 parked in a 1.5% easy access account, it says that you would earn £122 in total - £41 from the "normal" account and £81 from reg. saver. So far so good. However it then says this compares to £41 in total if you left it all in the normal account, which is completely incorrect, as you would earn 1.5% on the whole £6000, meaning it would earn approximately £90 interest. Have emailed them a couple of times to get it corrected, but no success.


I realise 1.5% no longer available for easy access, but was doing it before Marcus lowered the bonus rate.

It's been highlighted before, yes. Select 'no rate' for tax and see what happens.

Sue_MT

HELP . My father is 84 and has about £13,000 in an Isa. He basically, withdraws money each year to pay for a holiday. The ISA is only going to be paying 0.2% by the end of this month. Can anyone recommend a better savings account for him?