Regular Savings Accounts: The Best Currently Available List!

Bigwheels1111

Just checked with Gatehouse and told ( NO )  to a 13th payment.

I see a bit of fun in my near future.

I love a complaint.

simonsmithsays

subjecttocontract said:

I opened my account & paid the first payment on 29/11/23. I made the next 11 payments from 6/12/23 onwards. The account ends on 29/11/24. I could have made a 13th payment on 6/11/24.

So, an extra 23 days interest = £1.32 hardly seems worth the effort.

Absolutely right

And given that most (savvy savers on here) will be storing that 'missing payment' in an easy access of around 5% it's a matter of pence lost.

Some love confrontation though and, rather than picking their fights, will be disappointed that they (by now allowing the 13th payment and trying to mitigate) not be able to lodge a complaint though...

PloughmansLunch

Bigwheels1111 said:

Just checked with Gatehouse and told ( NO )  to a 13th payment.

I see a bit of fun in my near future.

I love a complaint.

13th payment definitely works now - I'll probably treat myself to a bag of crisps with the extra interest

Bigwheels1111

PloughmansLunch said:

Bigwheels1111 said:

Just checked with Gatehouse and told ( NO )  to a 13th payment.

I see a bit of fun in my near future.

I love a complaint.

13th payment definitely works now - I'll probably treat myself to a bag of crisps with the extra interest

They just called me back and said I can make the 13th payment again.

But not sure if interest would be backdated to the first, well that's the next complaint on my list.

Another call back, Interest will be backdated to the 1st of the month.

CuparLad

PloughmansLunch said:

13th payment definitely works now - I'll probably treat myself to a bag of crisps with the extra interest

Not a bigger chunk of cheddar, or upgraded pickle, or extra pork pie? Not wishing to dish the humble crisp, but aren't there tastier ways to spend the extra interest?

subjecttocontract

Kazza242 said:

Following today's Bank of England decision to reduce the base rate from 5.00% to 4.75%:

Principality BS have announced that they will be reducing the interest rate on their First Home Steps regular saver accounts by 0.15%, from 5.00% to 4.85%, with effect from 5th December 2024.

First Home Steps Online (issue 3)

First Home Steps - branch based (issue 4)

They will also be reducing their 1 Year Triple Access Regular Saver rate from 5.75% to 5.60% on the same date.  

1 Year Triple Access Regular Saver 

That's a bit quick off the mark from Principality.......just over an hour since BoE announcement.
Are they usually that quick when interest rates go up ?

surreysaver

csw5780 said:

JamesRobinson48 said:

GetRichOrDieSaving said:

Thanks for the heads up on closing the Skipton RS Issue 2 to open the Issue 3 thus prolonging the fixed 7% maturity date. I’ve just done that successfully with ease and added an additional 10 months!!! 

Are there any other regular savers which have fixed rates and new issues in which the same gain can be achieved?

I can only see products being pulled and new issues released at lower rates as the BOE base rate drops further (presumably of course)…..

You could try closing, and then promptly reopening, the Principality BS 6 Month RS (8.00% AER). No guarantees that would work mind.

Did exactly that last night. New account open and funded today

How did you manage to close your Principality account? My six month regular saver isn't coming up with the option of closure?

OneUser1

I took the risk and closed my Principality 6 Month and - this was the risk - I have been able to open a new 6 Month. I was worrying between closing and reopening but now I’ve done it I am feeling smug!

Speculator

surreysaver said:

csw5780 said:

JamesRobinson48 said:

GetRichOrDieSaving said:

Thanks for the heads up on closing the Skipton RS Issue 2 to open the Issue 3 thus prolonging the fixed 7% maturity date. I’ve just done that successfully with ease and added an additional 10 months!!! 

Are there any other regular savers which have fixed rates and new issues in which the same gain can be achieved?

I can only see products being pulled and new issues released at lower rates as the BOE base rate drops further (presumably of course)…..

You could try closing, and then promptly reopening, the Principality BS 6 Month RS (8.00% AER). No guarantees that would work mind.

Did exactly that last night. New account open and funded today

How did you manage to close your Principality account? My six month regular saver isn't coming up with the option of closure?

Account services  ----> "close an account"

OneUser1

surreysaver said:

csw5780 said:

JamesRobinson48 said:

GetRichOrDieSaving said:

Thanks for the heads up on closing the Skipton RS Issue 2 to open the Issue 3 thus prolonging the fixed 7% maturity date. I’ve just done that successfully with ease and added an additional 10 months!!! 

Are there any other regular savers which have fixed rates and new issues in which the same gain can be achieved?

I can only see products being pulled and new issues released at lower rates as the BOE base rate drops further (presumably of course)…..

You could try closing, and then promptly reopening, the Principality BS 6 Month RS (8.00% AER). No guarantees that would work mind.

Did exactly that last night. New account open and funded today

How did you manage to close your Principality account? My six month regular saver isn't coming up with the option of closure?

On their webpage there should be a ‘sandwich’ (three small horizontal lines) which when clicked gives a drop down menu including ‘account services’ - One of which is ‘Close an account.’