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Regular Savings Accounts: The Best Currently Available List!

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Comments

  • surreysaver
    surreysaver Posts: 4,964 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    noh said:
    It is not just a couple of days' break though. It is up to five working days which in practice could mean 7 days.
    My FD regular saver matured on the 10th of December automatically transfered to my existing FD savings account dated 9th.

    I opened a new regular saver immediately on the 10th and the first deposit was dated the 10th.

    No break whatsoever.



    Mine's disappeared into the ether while it does what it does to mature 
    I consider myself to be a male feminist. Is that allowed?
  • jd84
    jd84 Posts: 124 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    edited 13 December 2024 at 9:30PM
    First direct

    Will it not let you apply for a new one before the funds appear? I''m pretty sure I've done that before in the interim.

    Also, when it does eventually appear, leave the easy access open, to save waiting for another to be created next year.

    I think I read you can phone them up to transfer the funds out quicker if needed.
  • masonic
    masonic Posts: 27,875 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    jd84 said:
    First direct

    Will it not let you apply for a new one before the funds appear? I''m pretty sure I've done that before in the interim.

    Also, when it does eventually appear, leave the easy access open, to save waiting for another to be created next year.

    I think I read you can phone them up to transfer the funds out quicker if needed.
    There is a window of opportunity between when the account disappears and when it reappears with the interest added. I use it every year to shave a day or two off the process.
    You can phone them to shave off an additional day.
  • Got my Principality maturity pack today for my 6 month regular, they've given me leaflets for Maturity Fixed Rate Bonds, 1 year Regular Saver Bond Issue 35 along with Christmas 2025 Regular & 6 Month Regular Issue 2.

    Several ways to decide how to give instructions, online, post, branch or call.

    I already have Christmas and 6 month Regular Issue 2 & the others aren't worth it tbh.
  • Got my Principality maturity pack today for my 6 month regular, they've given me leaflets for Maturity Fixed Rate Bonds, 1 year Regular Saver Bond Issue 35 along with Christmas 2025 Regular & 6 Month Regular Issue 2.

    Several ways to decide how to give instructions, online, post, branch or call.

    I already have Christmas and 6 month Regular Issue 2 & the others aren't worth it tbh.
    If you scroll roll back up this thread you'll read that others have found that even though they already hold certain RS they're given the option of opening them when looking at their maturity options online.

    I'm not saying you should do this - I'm saying it might be worth revisiting the earlier comments in the thread.

    Happy reading 
  • exel1966
    exel1966 Posts: 5,079 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    And one would hope that those who do set a maturity option for an account they already have in the hope of getting a duplicate don't then complain on here if that request is denied and it delays them receiving their maturity proceeds. 
    If it works then great, but sometimes you have to take the rough with the smooth  ;)
  • flaneurs_lobster
    flaneurs_lobster Posts: 7,350 Forumite
    Sixth Anniversary 1,000 Posts Photogenic Name Dropper
    edited 14 December 2024 at 6:05PM
    exel1966 said:
    And one would hope that those who do set a maturity option for an account they already have in the hope of getting a duplicate don't then complain on here if that request is denied and it delays them receiving their maturity proceeds. 
    If it works then great, but sometimes you have to take the rough with the smooth  ;)
    Holding my hands up here - won't be back complaining.

    They have written to me confirming my maturity choice for the excess (a current account) with no mention of my other (speculative) choices.
  • Got my Principality maturity pack today for my 6 month regular, they've given me leaflets for Maturity Fixed Rate Bonds, 1 year Regular Saver Bond Issue 35 along with Christmas 2025 Regular & 6 Month Regular Issue 2.

    Several ways to decide how to give instructions, online, post, branch or call.

    I already have Christmas and 6 month Regular Issue 2 & the others aren't worth it tbh.
    If you scroll roll back up this thread you'll read that others have found that even though they already hold certain RS they're given the option of opening them when looking at their maturity options online.

    I'm not saying you should do this - I'm saying it might be worth revisiting the earlier comments in the thread.

    Happy reading 
    I’m assuming that they’ll just return the funds. I actually did this by mistake without checking what I already had (because well you assume you’ll only be presented with valid choices). Based on the terms they shouldn’t allow me to have my maturity option, which was to put £200 into a new regular saver. They’ve since written to me to confirm my options, so I’ll just see what happens later this month. 
  • First Direct Regular Saver

    Has anyone got any experience of how long it takes to close a not full term FD Regular Saver and then open a new one?
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