Regular Savings Accounts: The Best Currently Available List!

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?

nottsphil

ColdIron said:

nottsphil said:

Iýigggggggg

Cat on an unguarded keyboard?

That made me laugh!
On a phone actually, and got into a situation where I quoted somebody then must have tapped that field, which then stopped me from accessing the reply field. I could only add to or amend the quote, so consequently the error message came up '8 characters too short'. Very frustrating, as there is no option to cancel the post and it just reappeared after logging back in. In desperation, I then tried deleting everything in the quote and tapped 'Post Comment', but was somewhat alarmed to find that Martin might want my body. I just entered some random characters and inexplicably, it worked.

Sussex_Green_Man

ForumUser7 said:

On the subject of Beehive. Maximum balance is 3500 on their Online Fixed Regular Saver. Interest added last July means that less than £250 can be deposited before reaching the 3500 limit. Worth bearing in mind in case they return the payment if it takes it over the max balance. Anyone had any experience with this before at Beehive? Do they count the interest in that figure please? Thanks

At £250 per month £3500 allows for 14 payments so plenty of headroom for this 12 month RS.  I will be making my 13th payment on Monday (01/07/24).