Regular Savings Accounts: The Best Currently Available List!

jameseonline

jaypers said:

Looks like the interest for the YBS Christmas Regular Saver has been credited today. Mine showing as £40.95

£27.10 for me on a £1200 balance but I opened it just before they axed it so £1227.10 total balance 

jameseonline

TheWoodler said:

Does anyone else find it strange that Principality launch the Christmas Saver at 7% after sending out the letters for the Maturity Winter RS, in which the only RS option was the 5.5% option set out in the literature? 

I selected that online and then a few days later they launch this Christmas RS at 7%. The 5.5% product has a bigger monthly pay-in, but the 7% product has the same pay-in as the maturing Winter RS, not least in nomenclature* and would have made more sense to me anyway as the maturity option/loyalty product/rollover.

*IIRC the original product for the Maturity Winter Saver was a Christmas Saver 22-23!

It’s not a problem for me personally in that I can afford to open both, with the 5.5% set as my maturity option - but I find it odd the new 7% one wasn’t included as an option with my paperwork. It does seem slightly odd. 

I tipped Mr Woodler the wink, he rang up and sorted it as his maturity option, so it’s possible. 

No I don't because it's not in Principality's best interest to move you onto an account paying 7%/8% or whatever.

Banks and Building Societies are always going to move you to a rate that pays less when regulars end so it always up to you to move your money and get best rate/s possible.

bioboybill

Opened up an account with Principality today for their Christmas 2025 RS. Sent £1 to check it works ok, but it says you need to put in an activation code they send by post within 5 days to use your online account. Is there any way of checking the £1 got there ok? Intend to put the remaining £249 in when I know it's worked ok. Bit of a pain having to wait a week.

Bobblehat

bioboybill said:

Opened up an account with Principality today for their Christmas 2025 RS. Sent £1 to check it works ok, but it says you need to put in an activation code they send by post within 5 days to use your online account. Is there any way of checking the £1 got there ok? Intend to put the remaining £249 in when I know it's worked ok. Bit of a pain having to wait a week.

Same boat as you .... I just rang PBS up and they confirmed the £1 had arrived .... went ahead with the £124 and set up the SO for 1st November onward.

chris_the_bee

bioboybill said:

Opened up an account with Principality today for their Christmas 2025 RS. Sent £1 to check it works ok, but it says you need to put in an activation code they send by post within 5 days to use your online account. Is there any way of checking the £1 got there ok? Intend to put the remaining £249 in when I know it's worked ok. Bit of a pain having to wait a week.

The maximum is £125 per month, not £250

bioboybill

Ah, that was a typo. I know it's £125. Thanhks.

mebu60

bioboybill said:

Opened up an account with Principality today for their Christmas 2025 RS. Sent £1 to check it works ok, but it says you need to put in an activation code they send by post within 5 days to use your online account. Is there any way of checking the £1 got there ok? Intend to put the remaining £249 in when I know it's worked ok. Bit of a pain having to wait a week.

I logged in prior to receiving the activation code and could see the balance so I knew my payment had arrived ok. It's  £125 max not £250 btw though you can send another £125 on Friday. My code arrived in three days fyi. 
 

WindfallWendy

Bridlington1 said:

DJDools said:

mebu60 said:

jaypers said:

Looks like the interest for the YBS Christmas Regular Saver has been credited today. Mine showing as £40.95

I'm planning to close on Thursday and transfer out so that I get the funds on Friday rather than next week. 

Re:  YBS Christmas Regular eSaver 2024

Doesn't it mature on Thursday (31st) and automatically transfer into an easy access account on the same day?

It becomes an EA account on 1/11/24. Given that withdrawals from YBS arrive the next day this would mean the funds won't arrive in your nominated account until Sat 2/11/24 if you waited till it had converted before withdrawing, thus if you are wanting to use the funds to feed other regular savers I'd advise closing it early at some point on 31/10/24 to ensure your funds arrive on time for the regular savers.

When you say "on time" you mean to maximise the interest, right? Are there some RegSavers that are specific about a day the money hits the account?? So far all mine are SOs and therefore up to me when they go in. 

That said, I can't wait (?) for this time next year when my accounts are all maturing and I have to shuffle it all away into new accounts to keep the interest rate on the cash!! 😄🧐🥳

Bridlington1

WindfallWendy said:

Bridlington1 said:

DJDools said:

mebu60 said:

jaypers said:

Looks like the interest for the YBS Christmas Regular Saver has been credited today. Mine showing as £40.95

I'm planning to close on Thursday and transfer out so that I get the funds on Friday rather than next week. 

Re:  YBS Christmas Regular eSaver 2024

Doesn't it mature on Thursday (31st) and automatically transfer into an easy access account on the same day?

It becomes an EA account on 1/11/24. Given that withdrawals from YBS arrive the next day this would mean the funds won't arrive in your nominated account until Sat 2/11/24 if you waited till it had converted before withdrawing, thus if you are wanting to use the funds to feed other regular savers I'd advise closing it early at some point on 31/10/24 to ensure your funds arrive on time for the regular savers.

When you say "on time" you mean to maximise the interest, right? Are there some RegSavers that are specific about a day the money hits the account?? So far all mine are SOs and therefore up to me when they go in. 

That said, I can't wait (?) for this time next year when my accounts are all maturing and I have to shuffle it all away into new accounts to keep the interest rate on the cash!! 😄🧐🥳

Yes I'm referring to maximising interest.

If you make a withdrawal from YBS to an external (non-YBS) account the funds arrive the next day. Thus if you waited till 1/11/24 to make the withdrawal the funds would arrive on Sat 2/11/24.

By doing this not only would you not be able to use the funds to feed regular savers on 1/11/24 but many regular savers operate on a basis where funds that arrive on a non-working day will be treated as having been received the next working day for interest purposes (e.g. NatWest/RBS). Thus for many regular savers you'd have to delay funding them till Mon 4/11/24 if you wanted to avoid having money sat in a regular saver earning no interest for 2 days.

Bobblehat

mebu60 said:

bioboybill said:

Opened up an account with Principality today for their Christmas 2025 RS. Sent £1 to check it works ok, but it says you need to put in an activation code they send by post within 5 days to use your online account. Is there any way of checking the £1 got there ok? Intend to put the remaining £249 in when I know it's worked ok. Bit of a pain having to wait a week.

I logged in prior to receiving the activation code and could see the balance so I knew my payment had arrived ok. It's  £125 max not £250 btw though you can send another £125 on Friday. My code arrived in three days fyi. 
 

The activation code I think bioboybill and myself are talking about is to activate the online access (as new customers) so we couldn't log in to check to see if the £1 test payment had arrived ..... hence why I rang up! Were you an existing customer, if not, how did you log in without an activation code?