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Regular Savings Accounts: The Best Currently Available List!
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Kazza242 said:According to Moneyfacts, Principality Building Society are launching a new account called, 1 Year Triple Access Regular Saver, paying 6.00%.
Pay in £1 - £50 per month. The maximum investment is £600.
It permits 3 penalty-free withdrawals during the term of the account. The account matures after one year.
It will be available to open online and in branch.
The account should appear amongst the list of accounts on the Principality BS webpage once launched, here.
https://www.principality.co.uk/savings-accounts/everyday-savings-accounts/1-Year-Triple-Access-Regular-Saver
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Bridlington1 said:Kazza242 said:According to Moneyfacts, Principality Building Society are launching a new account called, 1 Year Triple Access Regular Saver, paying 6.00%.
Pay in £1 - £50 per month. The maximum investment is £600.
It permits 3 penalty-free withdrawals during the term of the account. The account matures after one year.
It will be available to open online and in branch.
The account should appear amongst the list of accounts on the Principality BS webpage once launched, here.
https://www.principality.co.uk/savings-accounts/everyday-savings-accounts/1-Year-Triple-Access-Regular-Saver1 -
Opened it last night when @Bridlington1 guessed the link but I now see that interest is paid on 1st Jan and is flexible. Was opening it so I can get interest paid next financial year as I was hoping it is paid annually on date of opening. Already maxed out PSA for this year so I am better off with an ISA. Will leave the account unfunded for them to close it automatically.
"Interest is calculated on the money in the account each day and paid each year on 1 January"1 -
Stargunner said:Bridlington1 said:Kazza242 said:According to Moneyfacts, Principality Building Society are launching a new account called, 1 Year Triple Access Regular Saver, paying 6.00%.
Pay in £1 - £50 per month. The maximum investment is £600.
It permits 3 penalty-free withdrawals during the term of the account. The account matures after one year.
It will be available to open online and in branch.
The account should appear amongst the list of accounts on the Principality BS webpage once launched, here.
https://www.principality.co.uk/savings-accounts/everyday-savings-accounts/1-Year-Triple-Access-Regular-Saver
And I've currently got 5.2% and 5.1% EA accounts.
It extends my relationship with Principality too should anything good come along.5 -
Stargunner said:Bridlington1 said:Kazza242 said:According to Moneyfacts, Principality Building Society are launching a new account called, 1 Year Triple Access Regular Saver, paying 6.00%.
Pay in £1 - £50 per month. The maximum investment is £600.
It permits 3 penalty-free withdrawals during the term of the account. The account matures after one year.
It will be available to open online and in branch.
The account should appear amongst the list of accounts on the Principality BS webpage once launched, here.
https://www.principality.co.uk/savings-accounts/everyday-savings-accounts/1-Year-Triple-Access-Regular-Saver
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Even if only for a few months, and even if BoE were inclined to make four reductions to 4.25% over the period of this account, the loss by not opening it would me minimal. A decent deposit limit would have persuaded me differently.
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"If your account reaches £600.00, you cannot pay anymore money in."
Not sure how Principality would treat the month 12 contribution, which together with the expected interest payment on 01 January could take the account balance above £600.3 -
qbadger said:"If your account reaches £600.00, you cannot pay anymore money in."
Not sure how Principality would treat the month 12 contribution, which together with the expected interest payment on 01 January could take the account balance above £600.0 -
Thanks Kazza242 and Bridlington1 for link to new Principality RS @ 6%. If you are already a Principality customer, it is very quick and easy to open. You can only make 12 payments of £50 - so no 13th payment possible. Deposit £50 today to name - Principality Building Society, Business account, sort code 20-18-23 account number (Removed by Forum Team) with your new RS account number as reference. You will get confirmation of payee come up. Then set up 11 standing orders for £50 starting 1/5/24 and ending 3/3/25 (1/3/25 is a Saturday).
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qbadger said:"If your account reaches £600.00, you cannot pay anymore money in."
Not sure how Principality would treat the month 12 contribution, which together with the expected interest payment on 01 January could take the account balance above £600.
Hopefully they update the page to clarify.2
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