Regular Saver Thread **New and Restarted**

youngretired

Now showing so obviously just a long delay with Monmouthshire faster payments.

Careful_ly

Principality BS Learner Earner

Interest rate: 4% gross p.a. variable from 9th July 2019
Monthly payment: £0-£250
Miss any payments: Can miss as many payments as you wish
Penalty-free withdrawals: Three withdrawals permitted and account closure counts as a withdrawal
Age of applicant: Up to 17 years old
How to open account: Branch only
Special conditions: This Account can only be opened by an Adult(s) aged over 18, in conjunction with a Child aged under 18. Two accounts must be opened initially, one for the Adult(s) and one for the Child. Subsequent accounts for other children can be opened by the Adult account holder. The Adult must be the parent, grandparent, close relative or legal guardian of the Child(ren). Accounts opened for under 14’s must be opened on a signatory basis. Also "fun and educational children’s activity packs for ages 5 – 11 years old, a moneybox, a story and sticker book, as well as a £10 reward voucher (for two years annually)."

For the benefit of people who have children/grandchildren etc, and who are able to visit a branch to open this account, I would like to point out that the opening adult also gets a Learner Earner adult account paying 4% on £250. I don't think this is clear from the website, but confirm it is correct, as I have done it!!!!

redpete

I was impressed with FirstDirect handling maturity of a RS account today. Normally the money disappears for a few days whilst it transfers into a standard savings account. I had to call them to unlock my account (forgotten password / digital key deactivated again, but that's another story). Whilst I was on the phone she offered to put the matured money from the RS account into the current account immediately, did this, applied for the new RS and put the balance to work elsewhere already :-).

mhoc

Post 2520 on July 10th

https://forums.moneysavingexpert.com/discussion/comment/76020872#Comment_76020872

Careful_ly wrote: »

Principality BS Learner Earner (Children only)

Interest rate: 4% gross p.a. variable from 9th July 2019
Monthly payment: £0-£250
Miss any payments: Can miss as many payments as you wish
Penalty-free withdrawals: Three withdrawals permitted and account closure counts as a withdrawal
Age of applicant: Up to 17 years old
How to open account: Branch only
Special conditions: This Account can only be opened by an Adult(s) aged over 18, in conjunction with a Child aged under 18. Two accounts must be opened initially, one for the Adult(s) and one for the Child. Subsequent accounts for other children can be opened by the Adult account holder. The Adult must be the parent, grandparent, close relative or legal guardian of the Child(ren). Accounts opened for under 14’s must be opened on a signatory basis. Also "fun and educational children’s activity packs for ages 5 – 11 years old, a moneybox, a story and sticker book, as well as a £10 reward voucher (for two years annually)."

For the benefit of people who have children/grandchildren etc, and who are able to visit a branch to open this account, I would like to point out that the opening adult also gets a Learner Earner adult account paying 4% on £250. I don't think this is clear from the website, but confirm it is correct, as I have done it!!!!

badger09

redpete wrote: »

I was impressed with FirstDirect handling maturity of a RS account today. Normally the money disappears for a few days whilst it transfers into a standard savings account. I had to call them to unlock my account (forgotten password / digital key deactivated again, but that's another story). Whilst I was on the phone she offered to put the matured money from the RS account into the current account immediately, did this, applied for the new RS and put the balance to work elsewhere already :-).

I'd be more impressed if they simply speeded up the process so the renewal date doesn't slip by several days each time:cool:

ColdIron

I phone them on the day it ends, I've managed to maintain a 1st of the month payment date since 2014. Sometimes if you're cheeky enough they will phone you back

savvysaver46

I don't know why Firstdirect doesn't allow you to change the date of your standing order once it is open like other banks and building societies.

surreysaver

Careful_ly wrote: »

Principality BS Learner Earner (Children only)

Interest rate: 4% gross p.a. variable from 9th July 2019
Monthly payment: £0-£250
Miss any payments: Can miss as many payments as you wish
Penalty-free withdrawals: Three withdrawals permitted and account closure counts as a withdrawal
Age of applicant: Up to 17 years old
How to open account: Branch only
Special conditions: This Account can only be opened by an Adult(s) aged over 18, in conjunction with a Child aged under 18. Two accounts must be opened initially, one for the Adult(s) and one for the Child. Subsequent accounts for other children can be opened by the Adult account holder. The Adult must be the parent, grandparent, close relative or legal guardian of the Child(ren). Accounts opened for under 14’s must be opened on a signatory basis. Also "fun and educational children’s activity packs for ages 5 – 11 years old, a moneybox, a story and sticker book, as well as a £10 reward voucher (for two years annually)."

For the benefit of people who have children/grandchildren etc, and who are able to visit a branch to open this account, I would like to point out that the opening adult also gets a Learner Earner adult account paying 4% on £250. I don't think this is clear from the website, but confirm it is correct, as I have done it!!!!

Do you have to make an appointment to open these accounts, or can you just turn up (I'm planning on a trip over the border to open the Monmouthshire ones too).
Also, do you need to have the child with you, or presumably I just need to take the birth certificate?

Special_Saver2

Hi Everybody,

Here is this weekend's update...

- Principality BS Learner Earner account entry updated to show that the adult also gets an account when a child opens an account

I will do the next update next weekend.

SS2

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

Careful_ly

surreysaver wrote: »

Do you have to make an appointment to open these accounts, or can you just turn up (I'm planning on a trip over the border to open the Monmouthshire ones too).
Also, do you need to have the child with you, or presumably I just need to take the birth certificate?

I would make an appointment, even more so if you are making a trip.
The child does not need to be with you, just their birth certificate.

The children's account is viewable if you have online access.