Regular Saver Thread **New and Restarted**

mhoc

thank you and glad to see you are back.

Questions please.
Can you hold a Cambridge 6 as well as a Cambridge 5?
Can you hold a Leeds BS issue 12 as well as a Leeds BS 11 (with the new maturity date)?

Or is it that if you have the earlier issue you cant have the later one running at the same time.

It might be an obvious question but I thought I'd ask anyway. I have a Principality bond 17 as well as Principality bond 18 - the earlier one still has 4 months to run.






"- Cambridge BS Regular Saver issue 5 replaced with issue 6; the details look the same to me

- Leeds BS Regular Saver issue 11 replaced with issue 12 with new maturity date of 31st January 2019"

Special_Saver2 wrote: »

Hi Everybody,

I am sad to see my old thread has been deleted but glad to see we have been able to resurrect the first page and carry on the thread here. Many thanks to Westie983 for getting the first page restored in this new thread.

For anybody who was receiving regular e-mail updates from the old thread, you will need to subscribe to this new thread to get the e-mail updates. There are instructions in post 1 and to save people having to search for it, I am copying the relevant paragraph below. I need to go and do this myself in a moment, so useful for me to remember how to do it!

"If you want to receive automatic alerts when new posts are added to this thread then use the following instructions. Login, go to the top of any page in this thread, click "Thread tools" then click on "Subscribe to this thread" and then select whether you want to be notified as soon as there is a new post (you will receive an e-mail telling you to go to the website for more details) or select daily or weekly updates (you will receive an e-mail daily / weekly with a handy summary of all the new posts)."

Here is the update that I have just carried out.

- Mansfield BS Young Regular Saver (1st Issue) interest rate increased from 2.5% to 2.6% from 14th February

- Nottingham BS Special Regular Saver (Issue 6) account withdrawn

- Principality BS Dylan Regular Saver Bond issue 6 replaced with issue 7 - same interest rate but children up to the age of 17 can open it (I have recorded up to age 16 with issue 6), the account can be closed early without penalty but no free Dylan the Dragon money box now

- Ipswich BS Smart Save (Issue 2) interest rate increased from 2.75% to 2.85% from 31st January 2018

- Mansfield BS Regular Savings (4th Issue) interest rate increased from 2.25% to 2.35% from 14th February 2018

- Cambridge BS Regular Saver issue 5 replaced with issue 6; the details look the same to me

- Leeds BS Regular Saver issue 11 replaced with issue 12 with new maturity date of 31st January 2019

- Virgin Money Regular E-Saver issue 8 replaced with issue 9 with new maturity date of 20th February 2019

- Virgin Money Regular E-Saver issue 7 replaced with issue 8 with new maturity date of 1st February 2019

- Monmouthshire BS First Home Bonus Saver (Issue 2) interest rate increased from 4.5% to 4.75% from 1st January 2018

I will do another update next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are here

JamesRobinson48

Q: Can you hold a Cambridge 6 as well as a Cambridge 5?

A: Yes certainly, I have both. The T&Cs restriction is that you can't have more than one of a given Issue, but implicitly you can have more than one RS with the Cambridge.

FYI there was an interesting change in T&Cs as between the Cambridge Issues 5 & 6. For Issue 5, if your first payment was on, let's say, [20]th of the month, then your subsequent monthly payments weren't supposed to be any earlier than [20]th. But for Issue 6 they've moved to a calendar month basis, like most other RS providers: your second and subsequent monthly payments can be as early as 1st of the month if you like, irrespective of the date of your first payment. To the best of my knowledge, that original T&Cs restriction for Issue 5 continues to exist, although others might know better.

andi2

veryintrigued wrote: »

Mine appears to be missing any closing interest.

Can someone remind me if this gets done overnight tonight?

Sometime this evening. My issue 2 was in by 10pm (which was when I checked, I believe some people reported 7pm).

veryintrigued

andi2 wrote: »

Sometime this evening. My issue 2 was in by 10pm (which was when I checked, I believe some people reported 7pm).

Thank you.

patientperson

mhoc wrote: »

Questions please.

Can you hold a Leeds BS issue 12 as well as a Leeds BS 11 (with the new maturity date)?

Or is it that if you have the earlier issue you cant have the later one running at the same time.

It might be an obvious question but I thought I'd ask anyway. I have a Principality bond 17 as well as Principality bond 18 - the earlier one still has 4 months to run.

Note that you can only have one Regular Saver (Issue 12) at a time (including joint accounts). If you open a second Regular Saver (Issue 12), the money deposited in that account will be transferred to an instant access account.

Please note that you cannot open a Regular Saver (Issue 12) if you already have a Regular Saver (Issue 5, 6, 7, 8, 9, 10 or 11). If you have one of these accounts and open the Regular Saver (Issue 12), the money deposited in that account will be transferred to an instant access account.

[Deleted User]

JamesRobinson48 wrote: »

Q: Can you hold a Cambridge 6 as well as a Cambridge 5?

A: Yes certainly, I have both. The T&Cs restriction is that you can't have more than one of a given Issue, but implicitly you can have more than one RS with the Cambridge.

FYI there was an interesting change in T&Cs as between the Cambridge Issues 5 & 6. For Issue 5, if your first payment was on, let's say, [20]th of the month, then your subsequent monthly payments weren't supposed to be any earlier than [20]th. But for Issue 6 they've moved to a calendar month basis, like most other RS providers: your second and subsequent monthly payments can be as early as 1st of the month if you like, irrespective of the date of your first payment. To the best of my knowledge, that original T&Cs restriction for Issue 5 continues to exist, although others might know better.

It's a bit confusing to say the least. The T and C's for the Cambridge Building Society RS Issue 6 say:-
You may only hold one Regular Saver (Issue 6) with the Society at any one time

But the summary box says:-
you can have one Regular Saver with the Society at any one time

I have confirmed with Cambridge that you can have one of each issue. Presumably on the basis that the T and C's override the other stuff.

mgarl10024

andi2 wrote: »

Sometime this evening. My issue 2 was in by 10pm (which was when I checked, I believe some people reported 7pm).

930pm and nothing for me.

glider3560

mgarl10024 wrote: »

930pm and nothing for me.

There's no interest showing on mine. However the closure was processed and interest added onto the withdrawal amount.

I guess this fixes the duplicated interest problem seen in previous issues, when the account is closed on the same day as maturity.

GreenBitterfly

mgarl10024 wrote: »

930pm and nothing for me.

10:04pm, and nothing for me either. I want to wait till it gets converted into the easy access saver, as I want to keep for excess funds. Although I didn't know I could ask in advance for the funds to be withdrawn, till I read this thread!

andi2

Not here either. At a guess because it was doubling the interest when closed on maturity day, after the interest was added. Should be in tomorrow. Glad they have fixed the issue (even if I did get double the interest in issue 2).

Might request transfer for 20th March of the Matchday issue 1.