We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Regular Savings Accounts: The Best Currently Available List!
Options
Comments
-
I seem to remember that it wasn’t offered in their letter last year either but was available online in the maturity area a few days after the letters arrived.kaMelo said:Maturity instructions letter arrived today for the Principality Christmas Regular Saver, sadly there is no maturity option to take another one for next year. I'm slightly disappointed as this was the only reason I had kept this years account in place.EPC2
-
I'm not surprised that The Principality have chosen not to increase their First Home Steps Online issue 1 (closed issue) interest rate tiers to the same rates as their current issues.Wheres_My_Cashback said:
New rates confirmed from Today....very disappointing PBS !!!! May as well close down this issue and open the latest version 2 or wait to see what the base rate rise is on the 3rd and move elsewhere from then.Wheres_My_Cashback said:
I have it on good authority that the FHS online 1 rate will be updated on 01/11.Kazza242 said:Principality Building Society have increased the interest rates paid on some of their First Home Steps online and branch-based regular savers (w.e.f. 13th October 2022.):
First Home Steps Online (issue 2) - Current issue- Now pays 3.50% on balances £7,501 - £25,000, 3.00% £2,501 - £7500.00 and 2.80% £1 - £2,500.00.
- Maximum account balance is £25,000
- The account is available to open and manage online.
- This is a regular savings account for first-time buyers (though they don't verify this)
- The minimum account balance is £1. The accounts allows you to pay in up to £1,500 per month.
- Up to 3 penalty-free withdrawals permitted every calendar year.
First Home Steps Account (issue 3) - Current issue- Now pays 3.50% on balances £7,501 - £25,000, 3.00% £2,501 - £7500.00 and 2.80% £1 - £2,500.00.
- Maximum account balance is £25,000
- The account must be opened in the branch or agency.
- You can manage the account in branch, at an agency, by post, or by using the online service.
- This is a regular savings account for first-time buyers (though they don't verify this)
- The minimum account balance is £1. The accounts allows you to pay in up to £1,500 per month.
- Up to 3 penalty-free withdrawals permitted every calendar year.
The rate on their closed issue 1, remains unchanged at the moment:
First Home Steps Online (issue 1) - Closed issue- Currently pay 2.55% on balances £7,501 - £25,000, 2.05% £2,501 - £7500.00 and 1.85% £1 - £2,500.00.
- No change to the account interest rate at the moment.
Though information on the Principality Building Society website states that that are still currently working through what the latest BOE base rate increase means for their members. Therefore, there is a possibility that closed issue rates may change soon too.Interest rate informationTier Balance Gross interest rate Tier 1 £1.00 - £2,500.00 2.15% (Variable) Tier 2 £2,500.01 - £7,500.00 2.35% (Variable) Tier 3 £7,500.01 - £25,000.00 2.85% (Variable)
If they were going to keep the closed issue rates inline with the current issues, they would have applied all the rate changes on the 13th October 2022.
Please call me 'Kazza'.1 -
Not really logical though as you could close Issue 1 on the 29/11 deposit 1.5K, then again 2 days later and you have 3% though most wouldn't think of doing that... assuming the rate change on Weds hasn't shaken things up dramatically.Kazza242 said:
I'm not surprised that The Principality have chosen not to increase their First Home Steps Online issue 1 (closed issue) interest rate tiers to the same rates as their current issues.Wheres_My_Cashback said:
New rates confirmed from Today....very disappointing PBS !!!! May as well close down this issue and open the latest version 2 or wait to see what the base rate rise is on the 3rd and move elsewhere from then.Wheres_My_Cashback said:
I have it on good authority that the FHS online 1 rate will be updated on 01/11.Kazza242 said:Principality Building Society have increased the interest rates paid on some of their First Home Steps online and branch-based regular savers (w.e.f. 13th October 2022.):
First Home Steps Online (issue 2) - Current issue- Now pays 3.50% on balances £7,501 - £25,000, 3.00% £2,501 - £7500.00 and 2.80% £1 - £2,500.00.
- Maximum account balance is £25,000
- The account is available to open and manage online.
- This is a regular savings account for first-time buyers (though they don't verify this)
- The minimum account balance is £1. The accounts allows you to pay in up to £1,500 per month.
- Up to 3 penalty-free withdrawals permitted every calendar year.
First Home Steps Account (issue 3) - Current issue- Now pays 3.50% on balances £7,501 - £25,000, 3.00% £2,501 - £7500.00 and 2.80% £1 - £2,500.00.
- Maximum account balance is £25,000
- The account must be opened in the branch or agency.
- You can manage the account in branch, at an agency, by post, or by using the online service.
- This is a regular savings account for first-time buyers (though they don't verify this)
- The minimum account balance is £1. The accounts allows you to pay in up to £1,500 per month.
- Up to 3 penalty-free withdrawals permitted every calendar year.
The rate on their closed issue 1, remains unchanged at the moment:
First Home Steps Online (issue 1) - Closed issue- Currently pay 2.55% on balances £7,501 - £25,000, 2.05% £2,501 - £7500.00 and 1.85% £1 - £2,500.00.
- No change to the account interest rate at the moment.
Though information on the Principality Building Society website states that that are still currently working through what the latest BOE base rate increase means for their members. Therefore, there is a possibility that closed issue rates may change soon too.Interest rate informationTier Balance Gross interest rate Tier 1 £1.00 - £2,500.00 2.15% (Variable) Tier 2 £2,500.01 - £7,500.00 2.35% (Variable) Tier 3 £7,500.01 - £25,000.00 2.85% (Variable)
If they were going to keep the closed issue rates inline with the current issues, they would have applied all the rate changes on the 13th October 2022.0 -
I already have both online issues of this account (Principality). Issue 1 is on tier 3 and issue 2 will be on tier 3 soon.Wheres_My_Cashback said:
Not really logical though as you could close Issue 1 on the 29/11 deposit 1.5K, then again 2 days later and you have 3% though most wouldn't think of doing that... assuming the rate change on Weds hasn't shaken things up dramatically.Kazza242 said:
I'm not surprised that The Principality have chosen not to increase their First Home Steps Online issue 1 (closed issue) interest rate tiers to the same rates as their current issues.Wheres_My_Cashback said:
New rates confirmed from Today....very disappointing PBS !!!! May as well close down this issue and open the latest version 2 or wait to see what the base rate rise is on the 3rd and move elsewhere from then.Wheres_My_Cashback said:
I have it on good authority that the FHS online 1 rate will be updated on 01/11.Kazza242 said:Principality Building Society have increased the interest rates paid on some of their First Home Steps online and branch-based regular savers (w.e.f. 13th October 2022.):
First Home Steps Online (issue 2) - Current issue- Now pays 3.50% on balances £7,501 - £25,000, 3.00% £2,501 - £7500.00 and 2.80% £1 - £2,500.00.
- Maximum account balance is £25,000
- The account is available to open and manage online.
- This is a regular savings account for first-time buyers (though they don't verify this)
- The minimum account balance is £1. The accounts allows you to pay in up to £1,500 per month.
- Up to 3 penalty-free withdrawals permitted every calendar year.
First Home Steps Account (issue 3) - Current issue- Now pays 3.50% on balances £7,501 - £25,000, 3.00% £2,501 - £7500.00 and 2.80% £1 - £2,500.00.
- Maximum account balance is £25,000
- The account must be opened in the branch or agency.
- You can manage the account in branch, at an agency, by post, or by using the online service.
- This is a regular savings account for first-time buyers (though they don't verify this)
- The minimum account balance is £1. The accounts allows you to pay in up to £1,500 per month.
- Up to 3 penalty-free withdrawals permitted every calendar year.
The rate on their closed issue 1, remains unchanged at the moment:
First Home Steps Online (issue 1) - Closed issue- Currently pay 2.55% on balances £7,501 - £25,000, 2.05% £2,501 - £7500.00 and 1.85% £1 - £2,500.00.
- No change to the account interest rate at the moment.
Though information on the Principality Building Society website states that that are still currently working through what the latest BOE base rate increase means for their members. Therefore, there is a possibility that closed issue rates may change soon too.Interest rate informationTier Balance Gross interest rate Tier 1 £1.00 - £2,500.00 2.15% (Variable) Tier 2 £2,500.01 - £7,500.00 2.35% (Variable) Tier 3 £7,500.01 - £25,000.00 2.85% (Variable)
If they were going to keep the closed issue rates inline with the current issues, they would have applied all the rate changes on the 13th October 2022.
Please call me 'Kazza'.0 -
They allowed you to open two different online issues ?Kazza242 said:
I already have both online issues of this account (Principality). Issue 1 is on tier 3 and issue 2 will be on tier 3 soon.Wheres_My_Cashback said:
Not really logical though as you could close Issue 1 on the 29/11 deposit 1.5K, then again 2 days later and you have 3% though most wouldn't think of doing that... assuming the rate change on Weds hasn't shaken things up dramatically.Kazza242 said:
I'm not surprised that The Principality have chosen not to increase their First Home Steps Online issue 1 (closed issue) interest rate tiers to the same rates as their current issues.Wheres_My_Cashback said:
New rates confirmed from Today....very disappointing PBS !!!! May as well close down this issue and open the latest version 2 or wait to see what the base rate rise is on the 3rd and move elsewhere from then.Wheres_My_Cashback said:
I have it on good authority that the FHS online 1 rate will be updated on 01/11.Kazza242 said:Principality Building Society have increased the interest rates paid on some of their First Home Steps online and branch-based regular savers (w.e.f. 13th October 2022.):
First Home Steps Online (issue 2) - Current issue- Now pays 3.50% on balances £7,501 - £25,000, 3.00% £2,501 - £7500.00 and 2.80% £1 - £2,500.00.
- Maximum account balance is £25,000
- The account is available to open and manage online.
- This is a regular savings account for first-time buyers (though they don't verify this)
- The minimum account balance is £1. The accounts allows you to pay in up to £1,500 per month.
- Up to 3 penalty-free withdrawals permitted every calendar year.
First Home Steps Account (issue 3) - Current issue- Now pays 3.50% on balances £7,501 - £25,000, 3.00% £2,501 - £7500.00 and 2.80% £1 - £2,500.00.
- Maximum account balance is £25,000
- The account must be opened in the branch or agency.
- You can manage the account in branch, at an agency, by post, or by using the online service.
- This is a regular savings account for first-time buyers (though they don't verify this)
- The minimum account balance is £1. The accounts allows you to pay in up to £1,500 per month.
- Up to 3 penalty-free withdrawals permitted every calendar year.
The rate on their closed issue 1, remains unchanged at the moment:
First Home Steps Online (issue 1) - Closed issue- Currently pay 2.55% on balances £7,501 - £25,000, 2.05% £2,501 - £7500.00 and 1.85% £1 - £2,500.00.
- No change to the account interest rate at the moment.
Though information on the Principality Building Society website states that that are still currently working through what the latest BOE base rate increase means for their members. Therefore, there is a possibility that closed issue rates may change soon too.Interest rate informationTier Balance Gross interest rate Tier 1 £1.00 - £2,500.00 2.15% (Variable) Tier 2 £2,500.01 - £7,500.00 2.35% (Variable) Tier 3 £7,500.01 - £25,000.00 2.85% (Variable)
If they were going to keep the closed issue rates inline with the current issues, they would have applied all the rate changes on the 13th October 2022.
0 -
Yes, they did.Wheres_My_Cashback said:
They allowed you to open two different online issues ?Kazza242 said:
I already have both online issues of this account (Principality). Issue 1 is on tier 3 and issue 2 will be on tier 3 soon.Wheres_My_Cashback said:
Not really logical though as you could close Issue 1 on the 29/11 deposit 1.5K, then again 2 days later and you have 3% though most wouldn't think of doing that... assuming the rate change on Weds hasn't shaken things up dramatically.Kazza242 said:
I'm not surprised that The Principality have chosen not to increase their First Home Steps Online issue 1 (closed issue) interest rate tiers to the same rates as their current issues.Wheres_My_Cashback said:
New rates confirmed from Today....very disappointing PBS !!!! May as well close down this issue and open the latest version 2 or wait to see what the base rate rise is on the 3rd and move elsewhere from then.Wheres_My_Cashback said:
I have it on good authority that the FHS online 1 rate will be updated on 01/11.Kazza242 said:Principality Building Society have increased the interest rates paid on some of their First Home Steps online and branch-based regular savers (w.e.f. 13th October 2022.):
First Home Steps Online (issue 2) - Current issue- Now pays 3.50% on balances £7,501 - £25,000, 3.00% £2,501 - £7500.00 and 2.80% £1 - £2,500.00.
- Maximum account balance is £25,000
- The account is available to open and manage online.
- This is a regular savings account for first-time buyers (though they don't verify this)
- The minimum account balance is £1. The accounts allows you to pay in up to £1,500 per month.
- Up to 3 penalty-free withdrawals permitted every calendar year.
First Home Steps Account (issue 3) - Current issue- Now pays 3.50% on balances £7,501 - £25,000, 3.00% £2,501 - £7500.00 and 2.80% £1 - £2,500.00.
- Maximum account balance is £25,000
- The account must be opened in the branch or agency.
- You can manage the account in branch, at an agency, by post, or by using the online service.
- This is a regular savings account for first-time buyers (though they don't verify this)
- The minimum account balance is £1. The accounts allows you to pay in up to £1,500 per month.
- Up to 3 penalty-free withdrawals permitted every calendar year.
The rate on their closed issue 1, remains unchanged at the moment:
First Home Steps Online (issue 1) - Closed issue- Currently pay 2.55% on balances £7,501 - £25,000, 2.05% £2,501 - £7500.00 and 1.85% £1 - £2,500.00.
- No change to the account interest rate at the moment.
Though information on the Principality Building Society website states that that are still currently working through what the latest BOE base rate increase means for their members. Therefore, there is a possibility that closed issue rates may change soon too.Interest rate informationTier Balance Gross interest rate Tier 1 £1.00 - £2,500.00 2.15% (Variable) Tier 2 £2,500.01 - £7,500.00 2.35% (Variable) Tier 3 £7,500.01 - £25,000.00 2.85% (Variable)
If they were going to keep the closed issue rates inline with the current issues, they would have applied all the rate changes on the 13th October 2022.
The T&Cs state:- You can’t have more than one of this issue number of First Home Steps Online in your name
- You can only have one of the current issue number of First
Home Steps Online in your name.
Note: You would only be eligible for the Celebratory £500 bonus on one of the FHS accounts and not both (if you took out a qualifying mortgage with the Principality and provided you meet the other criteria).
See T&Cs here.Please call me 'Kazza'.4 -
Has anyone been able to open the First Home Steps Account (Issue 3) by post?
I know they say it has to be opened in branch so..0 -
Have you considered this account? https://www.principality.co.uk/en/savings-accounts/everyday-savings-accounts/First-Home-Steps-Online Looks to me like the online alternative with the same rates, but of course read through the information on their website to see if it suits. This can be opened online, so may be easier than trying to get a branch account opened by postgt94sss2 said:Has anyone been able to open the First Home Steps Account (Issue 3) by post?
I know they say it has to be opened in branch so..If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.2 -
If that was true then we would rarely see the phrase 'excluding Northern Ireland'!soulsaver said:
No they are not. That would be illegal.subjecttocontract said:Yes I'm sure there are, but that wasn't the question.
Swansea are limiting new applications to Welsh residents.
Are there any savings accounts that specifically limit applications just from English residents ?
I suspect there arent.
I don't see a problem with postcode restrictions but I do see a problem with restricting a whole nation.0 -
Forness 3 year regular saver (no longer available)Received letter today confirming that they have been so good as to increased interest from 2.2% to 2.5%; disgraceful.Presently my medium interest on my regular savers is 3.6%. The number of my regular savers have been halved in the last 6 months, even after opening the 4 Lloyds group regular savers.I'm expcting soon to start closing any regular savers that pay 2.5%.Edit Sorry I am neither Welsh nor German!
1
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards