Regular Saver Thread **New and Restarted**

adindas

typistretired wrote: »

Yorkshire Bank offer terrible savings accounts let's hope the merger doesn't mean Virgin savings rates plummet.

I got the letter from VM a few week a go expalining this. Under Clydesdale/Yorkshire management, people will be lucky if they will still get the current offer of RSA.

surreysaver

Mee wrote: »

Info. gleaned from recent visit to VM: accounts/products list from newly 'merged' company expected Sept/Oct 2019, and reg. saver expected to move back online (possibly exclusively).

But don't assume that the bi-monthly Regular Savers will continue. They might change it so that you can only have one, similarly to most other Regular Savers, or they might not have a RS at all.

mhoc

I have a Principality regular saver issue 18 maturing in August. Please can I ask will a 13th payment of £500 be accepted or will it bounce back? I have 12 payments in the account now.

Just wondering if I should close the standing order now or let it run for another month.

Looking at the account online and the maturity instructions its not giving me the option to do a partial re-invest and then to start a new regular saver bond.
I have though had a letter and in theory I could complete the maturity instructions via this letter and see if its accepted.
Mind you I already have an issue 19 - but I wondered if there was a work around.

ctdctd

mhoc wrote: »

I have a Principality regular saver issue 18 maturing in August. Please can I ask will a 13th payment of £500 be accepted or will it bounce back? I have 12 payments in the account now.

T&C's say "The maximum balance is £6000"

karlie88

mhoc wrote: »

I have a Principality regular saver issue 18 maturing in August. Please can I ask will a 13th payment of £500 be accepted or will it bounce back? I have 12 payments in the account now.

Just wondering if I should close the standing order now or let it run for another month.

Looking at the account online and the maturity instructions its not giving me the option to do a partial re-invest and then to start a new regular saver bond.
I have though had a letter and in theory I could complete the maturity instructions via this letter and see if its accepted.
Mind you I already have an issue 19 - but I wondered if there was a work around.

I tried a 13th payment once and it bounced back the next day.

I think it's not giving you the partial re-invest option into a new reg saver because you already have Issue 19.

Principality BS seem quite 'on it' with their terms so I think it'll be unlikely for the paper form option to work with re-investing into a Reg Saver Iss 19.

On a side note, I tried to apply for a 2nd sole Reg Saver of the same issue a few years ago - account opened online and funded but then a week later it got closed.

eddie7612

My HSBC regular saver is maturing in 10 days. I remember last year that it took about 5 days post maturity for them to open a Flexible Saver and transfer the funds into. Is it worth opening a flexible saver before it matures to speed up the process? I don't have the flexible saver from last year any longer.

schiff

eddie7612 wrote: »

My HSBC regular saver is maturing in 10 days. I remember last year that it took about 5 days post maturity for them to open a Flexible Saver and transfer the funds into. Is it worth opening a flexible saver before it matures to speed up the process? I don't have the flexible saver from last year any longer.

Don't you have a current account with them? It will go in there.

My recent experience went like a dream (post 2530).

colsten

Saffron RS Issue 3 is no longer available for new applicants - now Issue 4, 3% AER, £250/mth max, applications now only in Branch, or by post if you are an existing customer(*). A good account to have if you haven't overfilled your boots with Issue 3.

https://www.saffronbs.co.uk/savings/fixed-rate-savings-accounts/12-month-fixed-rate-regular-saver-issue-4-gr1/

EDIT: if you have a Saffron online savings account, other than the RS Issue 3, you can also open this account online.

mhoc

colsten wrote: »

Saffron RS Issue 3 is no longer available for new applicants - now Issue 4, 3% AER, £250/mth max, applications now only in Branch, or by post if you are an existing customer. A good account to have if you haven't overfilled your boots with Issue 3.

https://www.saffronbs.co.uk/savings/fixed-rate-savings-accounts/12-month-fixed-rate-regular-saver-issue-4-gr1/

so the system wont allow you to have an issue 4 if you have an issue 3 - I've not long opened my issue 3 ..

Looking at the link it says "Only hold one of these accounts at a time" so I take that to mean only one issue 4 - wondering now of its worth a stamp

schiff

colsten wrote: »

Saffron RS Issue 3 is no longer available for new applicants - now Issue 4, 3% AER, £250/mth max, applications now only in Branch, or by post if you are an existing customer. A good account to have if you haven't overfilled your boots with Issue 3.

https://www.saffronbs.co.uk/savings/fixed-rate-savings-accounts/12-month-fixed-rate-regular-saver-issue-4-gr1/

"You must only hold one of these accounts at a time"

I wonder if they mean 'regular savers' or Issue 4

Crossed with last post!