Regular Savings Accounts: The Best Currently Available List!

Kim_13

The other consideration would be that 2 is the maximum they allow, so might it be worth spreading the maturity dates further apart than just three months (if they continue offering these accounts at intervals.) I figure they are unlikely to drop the rate without further downward movement in the base rate.

solartom

For anyone with an Principality 2 Year Health Habit RS they added anual interest to my accaunt  on its 1 year anniversary

francoghezzi

qbadger said:

So if you've already funded the 1st issue in full this month, you'll need to wait until 02 Jan before funding the 2nd issue?

I do think so, you could open the account anyway because you have 10 days to fund it, but I don't see the point considering that it would have no sense to take it out of the market before January

Gers

MH RS 2 - I'm gambling that the 10 working day funding window doesn't include the bank holidays.

flaneurs_lobster

Gers said:

MH RS 2 - I'm gambling that the 10 working day funding window doesn't include the bank holidays.

Should be OK

Is there a time limit to fund my account?
It’s important to remember your account must be funded with the pledged amount within ten calendar days.

Bigwheels1111

solartom said:

For anyone with an Principality 2 Year Health Habit RS they added anual interest to my accaunt  on its 1 year anniversary

£21.40 for me.

janusdesign

solartom said:

For anyone with an Principality 2 Year Health Habit RS they added annual interest to my account on its 1 year anniversary

they also paid the maturity interest on my £3,250 5.5% fixed RS account - it was £98.78, which is more than the MSE RS calculator expects for £3k, so they must have paid interest on that 13th payment too!

Am i right in thinking that they automatically send statements in the post for matured accounts? I know they didn't do that when I closed a RS account early recently (just requested one for that via secure message).

Bridlington1

qbadger said:

So if you've already funded the 1st issue in full this month, you'll need to wait until 02 Jan before funding the 2nd issue?

I've fully funded the 1st issue and have just opened issue 2. I shall send £10 across to issue 2 tomorrow as an experiment so shall report back whether the £250 combined monthly deposit rule is actually enforced in practice.

schiff

solartom said:

For anyone with an Principality 2 Year Health Habit RS they added annual interest to my account  on its 1 year anniversary

Can only be withdrawn by closing the account which most of us wouldn't wish to. So it's income of tax year 2025/26. 

subjecttocontract

schiff said:

solartom said:

For anyone with an Principality 2 Year Health Habit RS they added annual interest to my account  on its 1 year anniversary

Can only be withdrawn by closing the account which most of us wouldn't wish to. So it's income of tax year 2025/26. 

Surely the tax liability doesn't depend on whether it's something you wish to do or not but, wether you can access the funds......and you can access them in 24/25 tax year if you want to.