Regular Saver Thread **New and Restarted**

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  • Speculator
    Speculator Posts: 2,225 Forumite
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    edited 13 October 2018 at 4:00PM
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    Got the letter too.

    Looks like they need proof of ID to open one, even for existing customers. (Although it didn't ask for ID in the Letter)

    The Maturity form is very badly written out. I will have to send a covering letter I think. There is no option to reinvest £350 into the Santa Saver and withdraw remaining balance by cheque.

    https://imgur.com/a/mCMdu7G
  • Speculator
    Speculator Posts: 2,225 Forumite
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    edited 13 October 2018 at 4:15PM
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    The maturity form asks for "Current employment status" including "name of employer", "address of employer", "Annual income" and "Other income" and to confirm where other income is from!

    Why do they need this to open a simple savings account?
  • Steve_xx
    Steve_xx Posts: 6,976 Forumite
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    Speculator wrote: »
    The maturity form asks for "Current employment status" including "name of employer", "address of employer", "Annual income" and "Other income"

    Why do they need this to open a simple savings account?

    It's pretty obvious that they wish to target you with other products.
  • Speculator
    Speculator Posts: 2,225 Forumite
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    Steve_xx wrote: »
    It's pretty obvious that they wish to target you with other products.

    Just wrote "Not working" and left rest blank. It's probably one of the worst Maturity instruction form I've ever seen.
  • veryintrigued
    veryintrigued Posts: 3,843 Forumite
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    Speculator wrote: »
    Just wrote "Not working" and left rest blank. It's probably one of the worst Maturity instruction form I've ever seen.

    The 'Marital Status' and 'Relationship' boxes are just weird.

    I replied 'Married' and 'Mostly happy'.
  • Steve_xx
    Steve_xx Posts: 6,976 Forumite
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    Speculator wrote: »
    Just wrote "Not working" and left rest blank. It's probably one of the worst Maturity instruction form I've ever seen.

    Agreed. As a maturity form it's all over the place. I opted to go for the Loyalty Santa Regular saver, but when it came to the maturity instruction section I thought it looked ambiguous and ill-written. So I've left that bit blank and they can sort it out, or advise me how to!
  • Speculator
    Speculator Posts: 2,225 Forumite
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    It even says "If employed or self employed for less than two years please provide previous job history"
  • Steve_xx
    Steve_xx Posts: 6,976 Forumite
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    veryintrigued wrote: »
    The 'Marital Status' and 'Relationship' boxes are just weird.

    I replied 'Married' and 'Mostly happy'.

    Yes quite, lord knows what relevance the latter box has. I left it blank.
  • Speculator
    Speculator Posts: 2,225 Forumite
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    Steve_xx wrote: »
    Yes quite, lord knows what relevance the latter box has. I left it blank.

    I left it blank also. The form is really weird.

    I am going to write a covering letter.
  • Steve_xx
    Steve_xx Posts: 6,976 Forumite
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    Speculator wrote: »
    I left it blank also. The form is really weird.

    I am going to write a covering letter.

    I've posted it. They'll come back to you if there's something missing, I'm sure.
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