Regular Savings Accounts: The Best Currently Available List!

wiseonesomeofthetime

I deposited about 10pm on 20 Jan, and it appeared in my Principality account the following morning, dated 20 Jan 👍

dcs34

Kim_13 said:

Where a RS doesn't state a maximum balance, it's usually possible to make a 13th payment at the start of the final calendar month, so the total sum only has a few weeks rather than a month.

Of course if someone hadn't been able to pay in the maximum each month, December could be used to pay in the shortfall or £200, whichever is the lower.

And of course some accounts specify a max balance on the product website, but will quite happily take in the monthly deposit each month, effectively allowing the 13th (or 7th in this case) payment and paying interest on that full balance at maturity.

Kim_13

jaypers said:

How long do deposits take to the Principality RS? 

Opened mine at about 5pm yesterday and the £200 was showing by this morning. A smaller test payment took a few hours, but I didn't check for the balance until this morning (both dated yesterday.)

On the subject of Principality, do they credit deposits on non-working days?

allegro120

jaypers said:

How long do deposits take to the Principality RS? 

I usually check it in about 1 or 2 hours and money is there (including weekends).

allegro120

Kim_13 said:

jaypers said:

How long do deposits take to the Principality RS? 

Opened mine at about 5pm yesterday and the £200 was showing by this morning. A smaller test payment took a few hours, but I didn't check for the balance until this morning (both dated yesterday.)

On the subject of Principality, do they credit deposits on non-working days?

Yes they do.

where_are_we

dcs34 said:

Kim_13 said:

Where a RS doesn't state a maximum balance, it's usually possible to make a 13th payment at the start of the final calendar month, so the total sum only has a few weeks rather than a month.

Of course if someone hadn't been able to pay in the maximum each month, December could be used to pay in the shortfall or £200, whichever is the lower.

And of course some accounts specify a max balance on the product website, but will quite happily take in the monthly deposit each month, effectively allowing the 13th (or 7th in this case) payment and paying interest on that full balance at maturity.

Are you saying that there is a good chance that Principality will accept a December £200 deposit into there new 6 month RS @8% even though this would take the balance to £1400?

jaypers

where_are_we said:

dcs34 said:

Kim_13 said:

Where a RS doesn't state a maximum balance, it's usually possible to make a 13th payment at the start of the final calendar month, so the total sum only has a few weeks rather than a month.

Of course if someone hadn't been able to pay in the maximum each month, December could be used to pay in the shortfall or £200, whichever is the lower.

And of course some accounts specify a max balance on the product website, but will quite happily take in the monthly deposit each month, effectively allowing the 13th (or 7th in this case) payment and paying interest on that full balance at maturity.

Are you saying that there is a good chance that Principality will accept a December £200 deposit into there new 6 month RS @8% even though this would take the balance to £1400?

Suspect not. Clearly states “If your bond reaches £1,200, you cannot pay any more money in.”

jaypers

First toe in the water with Principality and nice surprise. Signed up for the 6 month RS. Pretty painless and money showing within 2 hours. Need to wait for the activation code to fully get everything set-up but I like the fact that you can still login and see everything, unlike platforms such as Cahoot when a new customer. 

nottsphil

Iýigggggggg

ColdIron

nottsphil said:

Iýigggggggg

Cat on an unguarded keyboard?