Author Topic: Interest day...Watch your dates.  (Read 1969 times)

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Offline scouser2

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Interest day...Watch your dates.
« on: August 24, 2010, 07:55:30 AM »
We went to the bank yesterday....our interest day was 21st Aug, but the bank doesn't open on Saturday.Anyway after we had completed our transaction, I noticed that the next bank day was to be 27th Sept.I queried this and was told that we had a 35 day account, but the interest would be slightly higher.I told the bank that as we hadn't requested a 35 (actually 37 days) day account to change it back to 31 days.
We worked it out that by having a 35 day account, we would get 10 interest days a year (11 every 3rd year) and the difference in the interest rate was miniscule compared what we would lose on 2 months interest.
By the way this is not the first time the bank has done this.



Offline tinkerman

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Interest day...Watch your dates.
« Reply #1 on: August 24, 2010, 08:13:42 AM »
Which bank?

Offline scouser2

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Interest day...Watch your dates.
« Reply #2 on: August 24, 2010, 08:19:20 AM »
Hi tinx. Its TEB.

Offline desmartinson

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Interest day...Watch your dates.
« Reply #3 on: August 24, 2010, 09:56:43 AM »
scouser, move to fortis or finnans, no problems there.

Offline Rindaloo

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Interest day...Watch your dates.
« Reply #4 on: August 24, 2010, 11:40:24 AM »
We had trouble with Fortis not transferring our interest.  SO, caution there too.....

Offline banker

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Interest day...Watch your dates.
« Reply #5 on: August 24, 2010, 12:39:54 PM »
Rindaloo
I wish I would see you  :)
We are trying to be very carefull about these kind of problems.

Offline The Crinklies

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Interest day...Watch your dates.
« Reply #6 on: August 24, 2010, 14:23:07 PM »
We had exactly the same problem as Rindaloo at Fortis, but fortunately we had some of our money in another bank which totally saved us!!!
There were other problems too when Fortis froze our accounts twice within 6 months and on one of these occassions it took 3 weeks before we had access, so thank goodness again for our other bank!
This was no reflection on Alper who did try to help, but these 3 problems within a six month period made us move our accounts.

Offline banker

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Interest day...Watch your dates.
« Reply #7 on: August 24, 2010, 15:32:27 PM »
Hi Sue and Tony ,
I remember what we have spoken about these problems and I ve explained why. You know me very well and I am sure you dont say that I didnt help you. Your acc. hasnt been opened by me and I really tried many times for sorting your problems.  :)
Anyway you are really good friends for me.
hope to see you soon for a cup of coffee.
alper




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