Regular Saver Thread **New and Restarted**
Comments
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I undersatnd the previous issue of Halifax Regular saver : No withdrawal. But early closure is allowed.
There is a new REgular saver paying a better interest rate of 2.5%
https://www.halifax.co.uk/savings/accounts/fixed-term/regular-saver/#
Has anyone manged to close the oldRS and open a new one immediately to get a better interest rate ? Thanks
The old one is the same 2.5%. What is the point to close it?0 -
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johnmoney05 wrote: »The old one is the same 2.5%. What is the point to close it?
I had one paying 2% which matured last month, so it started paying 2.5% sometime within the last yearI consider myself to be a male feminist. Is that allowed?0 -
Is it possible to close the old one with no penalty and immediately open the new one ? thanks
Surely your old one must be maturing soon? I think you can close the old one if you like, but the penalty will be you cannot open a new one until a year after you opened the old one.I consider myself to be a male feminist. Is that allowed?0 -
surreysaver wrote: »Surely your old one must be maturing soon? I think you can close the old one if you like, but the penalty will be you cannot open a new one until a year after you opened the old one.
Despite this term, my understanding is that you can open a new one within those 12 months.
Having said all that, if your account is due to mature within the next couple of months @ 2% then surely it's worthwhile to keep it open up until maturity - unless they pay interest correctly up until day of closure?:grouphug: Official MSE canny forumite and HUKD VIP badge member :grouphug:0 -
Yes! And we used the passbooks for the earlier regular saver to check for membership details.
I just called them a few minutes ago. She said you could only have one monthly RS at a time. But it is aloowed to close the old one and open the new one at the time of application.
I just wonder does anyone else have regular monhtly saver i1 running pararel at the same time with regular monhtly saver i2 under the same name ? Thank0 -
I just called them a few minutes ago. They said you could only have monthly RS at a time.
But it is possible to close to old one and open the new one at the time of application ?
I just wonder does anyone else have regular monhtly saver i1 running pararel at the same time with regular monhtly saver i2 under the same name ? Thank
https://www.ybs.co.uk/savings/product.html?id=YB570465B
The person on the phone is incorrect. The T&Cs state only if you have an Issue 2 you cannot have another Issue 2.I consider myself to be a male feminist. Is that allowed?0 -
surreysaver wrote: »https://www.ybs.co.uk/savings/product.html?id=YB570465B
The person on the phone is incorrect. The T&Cs state only if you have an Issue 2 you cannot have another Issue 2.
As the above link shows, you can only have one Issue 2 account at a time.
The rules say:
"You can only hold one account in your name, unless you are acting as a trustee. If you are named on more than one Monthly Regular Saver: Issue 2 account (excluding accounts opened on a trustee basis), the most recent account opened will be transferred to the Triple Access Saver."
I have the Yorkshire 2% Regular saver and I opened an Issue 2 in a branch on the day it was launched, using my 2% regular saver passbook as part of my evidence of who I was.
The member of staff I spoke to said that they'd anticipated that the Issue 2 would be most popular with the customers who already had the 2% Regular Saver.0 -
Re the YBS monthly reg saver i2, at the top of the application form are you meant to fill out the account number and date opened for any other existing YBS account to help them ID you or is it to leave blank for them to complete with your new i2 account details?0
This discussion has been closed.
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