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  • FIRST POST
    • Special_Saver2
    • By Special_Saver2 27th Nov 07, 10:33 PM
    • 1,118Posts
    • 4,088Thanks
    Special_Saver2
    Regular Savings Accounts: The Best Currently Available List!
    • #1
    • 27th Nov 07, 10:33 PM
    Regular Savings Accounts: The Best Currently Available List! 27th Nov 07 at 10:33 PM
    **THIS THREAD HAS NOW BEEN MOVED TO HERE!!**
    http://forums.moneysavingexpert.com/showthread.php?t=5776240

    I welcome you to join our discussion there.

    SS2
    Last edited by Westie983; 25-02-2018 at 11:44 AM.
Page 318
    • bubieyehyeh
    • By bubieyehyeh 3rd Oct 17, 10:50 PM
    • 393 Posts
    • 114 Thanks
    bubieyehyeh
    I thought I'd find out today when my SO would normally be sent to Saffron but I appear to have set the final payment for 01/09/17 so no payment attempted today.

    I don't think it's clear from the Saffron site:
    Originally posted by TheShape
    Agreed, it isn't.

    I might give them a ring, but it the sort of question where staff might guess on the safe side (as they see it), when they don't know for sure.

    I could just try and see if bounces, and if it does then I ask them why, and because of what part of the T&Cs.
    • bubieyehyeh
    • By bubieyehyeh 3rd Oct 17, 10:52 PM
    • 393 Posts
    • 114 Thanks
    bubieyehyeh
    https://www.saffronbs.co.uk/savings/display.product/?categoryID=1&category=immediate&productID=g2



    I can't check atm, but pretty sure I tried last year and it bounced.
    Originally posted by mgarl10024
    The T&C aren't clear, but it would be great if they get chance to check what happened last year and report back.
    • Westie983
    • By Westie983 4th Oct 17, 10:42 AM
    • 4,440 Posts
    • 14,980 Thanks
    Westie983
    I don't know if you can withdraw added interest from an ongoing RS without breaking the T&Cs but an interesting point arises.
    Originally posted by schiff
    Yes you can withdraw the interest as the account is not fixed like other regular savers, I removed the interest paid in March from my online regular savers and I will do the same with the store versions when their interest is added at the end of the month.

    This means that the totals are round figures, rather then paying in less then I do to make the balance an even round number.

    Waiting for the first Virgin RS to mature in of the month, then I will know how it works for the other 12 I have opened

    Westie983
    Save 12k in 2018 #10 Total (£25,000)+£11,000/£12,000 = 91.66%
    Sealed Pot Challenge ~ 11 #97 Total (£410) + £40/£500 = 8.00% ( x 11)
    Xmas 2018 £1 a Day #2 Total £62.59/£365 = 17.14%
    Virtual Sealed Pot #1 Total £1000/£1000 = 100.00%
    £2 Savers Club 2018 #16 Total (£1500)+-480/£2000 = 51.00%

    Total £13,122.59/£15,865 = 82.71%

    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email forumteam@moneysavingexpert.com
    • Westie983
    • By Westie983 4th Oct 17, 10:52 AM
    • 4,440 Posts
    • 14,980 Thanks
    Westie983
    Not sure if this has been mentioned, but its not on the front page, so needs updating Leeds issue 7 has been withdrawn,

    Issue 8 has been launched, you cant open issue 8 if you have issue 5, 6, or 7.

    http://www.leedsbuildingsociety.co.uk/savings/regularsaver/

    Westie983
    Save 12k in 2018 #10 Total (£25,000)+£11,000/£12,000 = 91.66%
    Sealed Pot Challenge ~ 11 #97 Total (£410) + £40/£500 = 8.00% ( x 11)
    Xmas 2018 £1 a Day #2 Total £62.59/£365 = 17.14%
    Virtual Sealed Pot #1 Total £1000/£1000 = 100.00%
    £2 Savers Club 2018 #16 Total (£1500)+-480/£2000 = 51.00%

    Total £13,122.59/£15,865 = 82.71%

    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email forumteam@moneysavingexpert.com
    • interest Ted
    • By interest Ted 4th Oct 17, 11:52 AM
    • 128 Posts
    • 111 Thanks
    interest Ted
    YORKSHIRE Regular Savers
    Sad news received in today's post.
    YBS Reg Saver (issue 1) will change to a "single access saver" with rate reduced from 3.55% down to 1.50%, (which I note is less than the current regular saver rate !)
    Change is due on 14 Dec, but they are going to pay accrued bonus early, on 14 Oct.
    Anyway - guess we all knew something would probably happen sooner or later.
    Understand similar thing happening to the Regular saver issue 2.
    Disappointed Ted
    • Speculator
    • By Speculator 4th Oct 17, 4:09 PM
    • 1,778 Posts
    • 1,386 Thanks
    Speculator
    I search the forum, and the saffron bs website, but yet to find out if it is possible to pay a 13th monthly payment into the saffron 12 month fixed regular saver account. Does anyone know?
    Originally posted by bubieyehyeh
    I phoned them two weeks ago and she said 12 payments only, no 13th payment allowed.
    • Speculator
    • By Speculator 4th Oct 17, 4:44 PM
    • 1,778 Posts
    • 1,386 Thanks
    Speculator
    Sad news received in today's post.
    YBS Reg Saver (issue 1) will change to a "single access saver" with rate reduced from 3.55% down to 1.50%, (which I note is less than the current regular saver rate !)
    Change is due on 14 Dec, but they are going to pay accrued bonus early, on 14 Oct.
    Anyway - guess we all knew something would probably happen sooner or later.
    Understand similar thing happening to the Regular saver issue 2.
    Disappointed Ted
    Originally posted by interest Ted
    Disappointing news. Only Stroud & Swindon/Coventry (2.75%) and N&P Family Saver/Family Esaver (3.25%) left now.

    Does it say in the letter if they will allow closure by BACS/FP to our current accounts or is it CHAPS/Cheques only? Thanks.
    Last edited by Speculator; 04-10-2017 at 4:45 PM. Reason: .
    • adindas
    • By adindas 4th Oct 17, 4:51 PM
    • 3,563 Posts
    • 2,212 Thanks
    adindas
    Leeds BS RS i3 maturing October 31, 2017. Easiest way to close it.
    Does anyone knwo the best way to close a postal account with pass book such as Leeds RS i3.

    Leeds RS i3 is maturing on October 31, 2017 I just called them that I wanted to close it, bus he was asking me to send the letter together with the pass book to them.

    Sending the passbook will need to be done by signed for letter otherwise it might loose during transfer and you have no proof of posting it. Signed for will cost around £1.75 not to mention time need to go to the post office.

    Does anyone a better method to close your RS with passbook such as Leeds RS ??
    • mhoc
    • By mhoc 4th Oct 17, 4:53 PM
    • 17,484 Posts
    • 211,553 Thanks
    mhoc
    Sad news received in today's post.
    YBS Reg Saver (issue 1) will change to a "single access saver" with rate reduced from 3.55% down to 1.50%, (which I note is less than the current regular saver rate !)
    Change is due on 14 Dec, but they are going to pay accrued bonus early, on 14 Oct.
    Anyway - guess we all knew something would probably happen sooner or later.
    Understand similar thing happening to the Regular saver issue 2.
    Disappointed Ted
    Originally posted by interest Ted
    Please can I ask where your info came from? Have you had a letter in the post? Nothing on the website yet.

    I've got the regular saver issue 2 which is the odd one with the 0.05% interest but a total of 3% including bonus - interest just paid out on October 1st.
    This was one of my first forays into collecting regular savings - October 2013. Its redeeming feature is that in March 2017 they let us pay £500 a month in instead of £250.
    I also have the newest regular saver started in February 2017 - again £500 a month - OH pays one and I pay the other. This one pays a miserable 1.75% - this is the sacrificial goat when I run short of money to pay the other regular savers.
    “Create all the happiness you are able to create; remove all the misery you are able to remove. Every day will allow you, --will invite you to add something to the pleasure of others, --or to diminish something of their pains.”
    • mhoc
    • By mhoc 4th Oct 17, 4:56 PM
    • 17,484 Posts
    • 211,553 Thanks
    mhoc
    Does anyone knwo the best way to close a postal account with pass book such as Leeds RS i3.

    Leeds RS i3 is maturing on October 31, 2017 I just called them that I wanted to close it, bus he was asking me to send the letter together with the pass book to them.

    Sending the passbook will need to be done by signed for letter otherwise it might loose during transfer and you have no proof of posting it. Signed for will cost around £1.75 not to mention time need to go to the post office.

    Does anyone a better method to close your RS with passbook such as Leeds RS ??
    Originally posted by adindas
    Sorry cant help, mine is just online and I am putting off thinking about it until the final week in the month.
    I am going to start up the Chorley one to take its place
    “Create all the happiness you are able to create; remove all the misery you are able to remove. Every day will allow you, --will invite you to add something to the pleasure of others, --or to diminish something of their pains.”
    • Speculator
    • By Speculator 4th Oct 17, 5:03 PM
    • 1,778 Posts
    • 1,386 Thanks
    Speculator
    Does anyone knwo the best way to close a postal account with pass book such as Leeds RS i3.

    Leeds RS i3 is maturing on October 31, 2017 I just called them that I wanted to close it, bus he was asking me to send the letter together with the pass book to them.

    Sending the passbook will need to be done by signed for letter otherwise it might loose during transfer and you have no proof of posting it. Signed for will cost around £1.75 not to mention time need to go to the post office.

    Does anyone a better method to close your RS with passbook such as Leeds RS ??
    Originally posted by adindas
    Post it to your nearest branch and phone them next morning to see if they've received it. Should be easier to locate your passbook than if you posted it to head office.

    Post it at the Post Office and ask for a certificate of posting.

    I may make a trip to the Stevenage branch. Does anyone know if it's closure by cheque only or will they allow BACS/FP withdrawals?
    Last edited by Speculator; 04-10-2017 at 5:05 PM. Reason: .
    • mgarl10024
    • By mgarl10024 4th Oct 17, 5:14 PM
    • 618 Posts
    • 438 Thanks
    mgarl10024
    The T&C aren't clear, but it would be great if they get chance to check what happened last year and report back.
    Originally posted by bubieyehyeh
    Just checked - 13th payment was returned.
    • glider3560
    • By glider3560 4th Oct 17, 6:16 PM
    • 3,613 Posts
    • 2,294 Thanks
    glider3560
    Does anyone knwo the best way to close a postal account with pass book such as Leeds RS i3.

    Leeds RS i3 is maturing on October 31, 2017 I just called them that I wanted to close it, bus he was asking me to send the letter together with the pass book to them.

    Sending the passbook will need to be done by signed for letter otherwise it might loose during transfer and you have no proof of posting it. Signed for will cost around £1.75 not to mention time need to go to the post office.

    Does anyone a better method to close your RS with passbook such as Leeds RS ??
    Originally posted by adindas
    I closed mine a few months ago when I bought a flat. I posted it to head office with a withdrawal slip. Cheque arrived about 5 days later.

    There's not much point IMO to send it by recorded delivery, unless sending it right at the last minute. If it goes missing, you can just ask for a new one. Also, "signed for" delivery just gets transported with the regular mail, only they get a signature at point of delivery. Special Delivery gets transorted separately and tracked at every point.

    • glider3560
    • By glider3560 4th Oct 17, 6:17 PM
    • 3,613 Posts
    • 2,294 Thanks
    glider3560
    I may make a trip to the Stevenage branch. Does anyone know if it's closure by cheque only or will they allow BACS/FP withdrawals?
    Originally posted by Speculator
    Cheque or CHAPS only. Cheque is feee, CHAPS has a fee. For the small amount of interest lost, the cheque worked out the best option for me.

    • interest Ted
    • By interest Ted 4th Oct 17, 6:31 PM
    • 128 Posts
    • 111 Thanks
    interest Ted
    YORKSHIRE Regular Savers
    Does it say in the letter if they will allow closure by BACS/FP to our current accounts or is it CHAPS/Cheques only? Thanks.
    Originally posted by Speculator
    No doesn't say.

    Please can I ask where your info came from? Have you had a letter in the post? Nothing on the website yet.
    Yes letter(s) in Royal Mail post.

    ------------

    Also just ought to highlight that the new single access account really is SINGLE ACCESS. Withdrawals are 'instant' but restricted to one specific day per year. Aaaargh !

    Ted
    • Speculator
    • By Speculator 4th Oct 17, 6:39 PM
    • 1,778 Posts
    • 1,386 Thanks
    Speculator
    No doesn't say.




    Ted
    Originally posted by interest Ted
    Just remembered, I have online access so could probably make a FP/Bacs withdrawal before it converts to the new account. Think I can transfer to my YBS internet Saver then FP to nominated a/c.
    Last edited by Speculator; 04-10-2017 at 6:42 PM. Reason: .
    • Speculator
    • By Speculator 4th Oct 17, 6:49 PM
    • 1,778 Posts
    • 1,386 Thanks
    Speculator
    I closed mine a few months ago when I bought a flat. I posted it to head office with a withdrawal slip. Cheque arrived about 5 days later.

    There's not much point IMO to send it by recorded delivery, unless sending it right at the last minute. If it goes missing, you can just ask for a new one. Also, "signed for" delivery just gets transported with the regular mail, only they get a signature at point of delivery. Special Delivery gets transorted separately and tracked at every point.
    Originally posted by glider3560
    Some BSs (think it was the Chorley) make a charge if your passbook goes missing.

    Posted some passbooks a few years ago and went missing and they wanted £10 per missing passbook. After 2 weeks, it was returned from the delivery sorting office for some reason, luckily just before I paid the £20.
    Last edited by Speculator; 04-10-2017 at 6:49 PM. Reason: .
    • adindas
    • By adindas 4th Oct 17, 6:56 PM
    • 3,563 Posts
    • 2,212 Thanks
    adindas
    There's not much point IMO to send it by recorded delivery, unless sending it right at the last minute. If it goes missing, you can just ask for a new one. Also, "signed for" delivery just gets transported with the regular mail, only they get a signature at point of delivery. Special Delivery gets transorted separately and tracked at every point.
    Originally posted by glider3560
    Did not you need to send the passbook ?? If you send the passbook, it is risky not to send via signed for. It will be a problem if it lost on their way to Leeds BS.
    • glider3560
    • By glider3560 4th Oct 17, 7:03 PM
    • 3,613 Posts
    • 2,294 Thanks
    glider3560
    Did not you need to send the passbook ?? If you send the passbook, it is risky not to send via signed for. It will be a problem if it lost on their way to Leeds BS.
    Originally posted by adindas
    Yes, I did send the passbook.

    Their "lost passbook" form has an option to get a closure cheque in the event of a loss.

    People lose passbooks all the time. Most people aren't quite as organised as those of us on this thread!

    • GreenBitterfly
    • By GreenBitterfly 5th Oct 17, 12:38 PM
    • 345 Posts
    • 722 Thanks
    GreenBitterfly
    Is the Leeds Building Society Regular Saver Issue 3, one of the continuous regular savers that previously had no maturity date? I've got Issue 4 that is a continuous regular saver.
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