Regular Savings Accounts: The Best Currently Available List!

happybagger

Bridlington1 said:

[Deleted User] said:

Coventry Loyalty Regular Saver.

Has anybody tried closing it early (only 2-3 weeks in my case) and opening a new one?

Its currently at 6.75%, cannot see an updated issue of this account.

I wouldn't advise it. Not only did it go NLA a while back but the terms also include:

And for completeness, the default transfers it to Easy Access Saver (7) on maturity. Current rate 2.85%.

(Which in my case will be transferred over the same day to one of the triple access savers I have with them)

Mee

Re: Principality R S
Just checking if anyone is as disorganised as me and opened a PBS RS near the end of the month, then found they couldn't fund their account until they received the activation code via snail mail and thus the first monthly deposit was made the calendar next month. The maturity date on mine is a year to the date of the RS being opened, but not activated so missing out on at least a 12th payment. Has anyone queried or asked for the maturity date to be adjusted to the activation date.
 I haven't as yet found a clause that would prevent this.

jaypers

Mee said:

Re: Principality R S
Just checking if anyone is as disorganised as me and opened a PBS RS near the end of the month, then found they couldn't fund their account until they received the activation code via snail mail and thus the first monthly deposit was made the calendar next month. The maturity date on mine is a year to the date of the RS being opened, but not activated so missing out on at least a 12th payment. Has anyone queried or asked for the maturity date to be adjusted to the activation date.
 I haven't as yet found a clause that would prevent this.

The activation code is just to add full functionality to your online account (closure/withdrawals etc) and shouldn’t make any difference. You can login and see balances from Day 1. 

friolento

jaypers said:

Mee said:

Re: Principality R S
Just checking if anyone is as disorganised as me and opened a PBS RS near the end of the month, then found they couldn't fund their account until they received the activation code via snail mail and thus the first monthly deposit was made the calendar next month. The maturity date on mine is a year to the date of the RS being opened, but not activated so missing out on at least a 12th payment. Has anyone queried or asked for the maturity date to be adjusted to the activation date.
 I haven't as yet found a clause that would prevent this.

The activation code is just to add full functionality to your online account (closure/withdrawals etc) and shouldn’t make any difference. You can login and see balances from Day 1. 

and importantly, you can make deposits as soon as you have the account details, which is instantly. AFAIK, they only credit on working days, though

Mee

jaypers said:

Mee said:

Re: Principality R S
Just checking if anyone is as disorganised as me and opened a PBS RS near the end of the month, then found they couldn't fund their account until they received the activation code via snail mail and thus the first monthly deposit was made the calendar next month. The maturity date on mine is a year to the date of the RS being opened, but not activated so missing out on at least a 12th payment. Has anyone queried or asked for the maturity date to be adjusted to the activation date.
 I haven't as yet found a clause that would prevent this.

The activation code is just to add full functionality to your online account (closure/withdrawals etc) and shouldn’t make any difference. You can login and see balances from Day 1. 

I logged in almost immediately, and tried to set-up a payment from my CA - details of which my bank didn't like so I assumed it was the activation side that was stopping me doing so. Oh well, will see what PBS say. 

jaypers

Mee said:

jaypers said:

Mee said:

Re: Principality R S
Just checking if anyone is as disorganised as me and opened a PBS RS near the end of the month, then found they couldn't fund their account until they received the activation code via snail mail and thus the first monthly deposit was made the calendar next month. The maturity date on mine is a year to the date of the RS being opened, but not activated so missing out on at least a 12th payment. Has anyone queried or asked for the maturity date to be adjusted to the activation date.
 I haven't as yet found a clause that would prevent this.

The activation code is just to add full functionality to your online account (closure/withdrawals etc) and shouldn’t make any difference. You can login and see balances from Day 1. 

I logged in almost immediately, and tried to set-up a payment from my CA - details of which my bank didn't like so I assumed it was the activation side that was stopping me doing so. Oh well, will see what PBS say. 

That makes no sense if you’re doing it correctly. The payee is ‘Principality’ not your name (although it says that below) and use your account number as a reference. Mark as a business account as well, not personal. No COP should be having issues with this one. 

Mee

jaypers said:

Mee said:

jaypers said:

Mee said:

Re: Principality R S
Just checking if anyone is as disorganised as me and opened a PBS RS near the end of the month, then found they couldn't fund their account until they received the activation code via snail mail and thus the first monthly deposit was made the calendar next month. The maturity date on mine is a year to the date of the RS being opened, but not activated so missing out on at least a 12th payment. Has anyone queried or asked for the maturity date to be adjusted to the activation date.
 I haven't as yet found a clause that would prevent this.

The activation code is just to add full functionality to your online account (closure/withdrawals etc) and shouldn’t make any difference. You can login and see balances from Day 1. 

I logged in almost immediately, and tried to set-up a payment from my CA - details of which my bank didn't like so I assumed it was the activation side that was stopping me doing so. Oh well, will see what PBS say. 

That makes no sense if you’re doing it correctly. The payee is ‘Principality’ not your name (although it says that below) and use your account number as a reference. Mark as a business account as well, not personal. No COP should be having issues with this one. 

I have already successfully credited said account.

Janie2008

Principality have changed the payee to your own name though you can still use Principality. I have paid in using my name this week. 

[Deleted User]

happybagger said:

Bridlington1 said:

[Deleted User] said:

Coventry Loyalty Regular Saver.

Has anybody tried closing it early (only 2-3 weeks in my case) and opening a new one?

Its currently at 6.75%, cannot see an updated issue of this account.

I wouldn't advise it. Not only did it go NLA a while back but the terms also include:

And for completeness, the default transfers it to Easy Access Saver (7) on maturity. Current rate 2.85%.

(Which in my case will be transferred over the same day to one of the triple access savers I have with them)

Yes I had my letter the other day - not made my mind up what to do with the funds, they'll probably account for a month or twos RS money so I'll see. 
I also have the triple access saver with Cov.

On a side note the West Brom actually phoned me the other day to tell me my RS was near maturity, bit of a surprise them ringing.

happybagger

Mee said:

jaypers said:

Mee said:

jaypers said:

Mee said:

Re: Principality R S
Just checking if anyone is as disorganised as me and opened a PBS RS near the end of the month, then found they couldn't fund their account until they received the activation code via snail mail and thus the first monthly deposit was made the calendar next month. The maturity date on mine is a year to the date of the RS being opened, but not activated so missing out on at least a 12th payment. Has anyone queried or asked for the maturity date to be adjusted to the activation date.
 I haven't as yet found a clause that would prevent this.

The activation code is just to add full functionality to your online account (closure/withdrawals etc) and shouldn’t make any difference. You can login and see balances from Day 1. 

I logged in almost immediately, and tried to set-up a payment from my CA - details of which my bank didn't like so I assumed it was the activation side that was stopping me doing so. Oh well, will see what PBS say. 

That makes no sense if you’re doing it correctly. The payee is ‘Principality’ not your name (although it says that below) and use your account number as a reference. Mark as a business account as well, not personal. No COP should be having issues with this one. 

I have already successfully credited said account.

Santander wouldn't accept either my name or Principality and it wouldn't allow the payment to proceed; sometimes it has said 'are you sure' and continued, but in this case it didn't. I live in Wales so visited the branch to pay by cash (October and November payments).

I have since set up a S/O for Dec onwards, it didn't go through as CoP but did allow me to set it up without a match.