#2
All the ones I've come across revert to a ridiculously low 0.01% savings rate or similar, most people forget about it or don't get round to moving it. Normally the bank will send a letter to tell you what the new figure will be about a month before it changes. Suggest you then move the money to a different savings account with a better rate or least stop the DD if it's not doing anything for you.

#4



All the ones I've come across revert to a ridiculously low 0.01% savings rate or similar, most people forget about it or don't get round to moving it. Normally the bank will send a letter to tell you what the new figure will be about a month before it changes. Suggest you then move the money to a different savings account with a better rate or least stop the DD if it's not doing anything for you.
Originally posted by galok


Thank you

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#6
Regulars savers terminate after twelve months, you would have seen that when you signed up. The respective banks will be in touch shortly, but the normal procedure is to close the account and either convert it to a low-rate saver or transfer to money to another account, which will have the same effect.



Time to look for another! Some banks will allow you to open another at a decent rate for a further 12 months, you'll need to do your research.

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