Regular Savings Accounts: The Best Currently Available List!

rallycurve

Every_Penny_Counts said:

Every_Penny_Counts said:

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.

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. 

EPC

As with last year, the Christmas RS is now available as a maturity option in the online area.

EPC

May I ask how does that work? Do they allow you transferring the whole balance to the new issue so that you start earning 5% on the £1500 from day one?

kaMelo

rallycurve said:

Every_Penny_Counts said:

Every_Penny_Counts said:

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.

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. 

EPC

As with last year, the Christmas RS is now available as a maturity option in the online area.

EPC

May I ask how does that work? Do they allow you transferring the whole balance to the new issue so that you start earning 5% on the £1500 from day one?

No, they'll take the first payment of £125 (or whatever you choose to pay in) and pay the remainder to the account of your choice.

rallycurve

kaMelo said:

rallycurve said:

Every_Penny_Counts said:

Every_Penny_Counts said:

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.

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. 

EPC

As with last year, the Christmas RS is now available as a maturity option in the online area.

EPC

May I ask how does that work? Do they allow you transferring the whole balance to the new issue so that you start earning 5% on the £1500 from day one?

No, they'll take the first payment of £125 (or whatever you choose to pay in) and pay the remainder to the account of your choice.

Thanks! So not very different to opening a new one then? What'd be the advantage of keeping last year's open? Just in case it was not open to new applications but only renewals?

kaMelo

rallycurve said:

kaMelo said:

rallycurve said:

Every_Penny_Counts said:

Every_Penny_Counts said:

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.

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. 

EPC

As with last year, the Christmas RS is now available as a maturity option in the online area.

EPC

May I ask how does that work? Do they allow you transferring the whole balance to the new issue so that you start earning 5% on the £1500 from day one?

No, they'll take the first payment of £125 (or whatever you choose to pay in) and pay the remainder to the account of your choice.

Thanks! So not very different to opening a new one then? What'd be the advantage of keeping last year's open? Just in case it was not open to new applications but only renewals?

Last year Principality didn't offer a Christmas regular saver to everyone, you had to have a previous years Christmas regular saver and choose the "Maturity Christmas Saver" from your maturity options on the previous years Christmas saver. This was the only reason I kept the account in place, despite the poor rate it offered, just in case they did the same again this year.
This year however they have opened the account up to everyone again.

someone

rallycurve said:

What'd be the advantage of keeping last year's open?

Personally, maintaining one account number by "renewing" instead of opening and closing accounts (makes my record keeping easier)

paul235

Last year Principality didn't offer a Christmas regular saver to everyone, you had to have a previous years Christmas regular saver and choose the "Maturity Christmas Saver" from your maturity options on the previous years Christmas saver. This was the only reason I kept the account in place, despite the poor rate it offered, just in case they did the same again this year.
This year however they have opened the account up to everyone again.

I did the same but have already given maturity instruction to open a Regular Saver Bond (Issue 30) on 5 November which they do not allow to change to open a Christmas 2023 Regular Saver instead .

Wheres_My_Cashback

BoE rate rise confirmed at 0.75% to 3.00%.

Let the fun and games begin.....eventually !

westv

Wheres_My_Cashback said:

BoE rate rise confirmed at 0.75% to 3.00%.

Let the fun and games begin.....eventually !

I'm assuming my HSBC 3% won't be changing but hope I'm wrong.

EssexHebridean

Yes - any predictions around who will be the first to offer the "next big thing" rate?! 

Wheres_My_Cashback

westv said:

Wheres_My_Cashback said:

BoE rate rise confirmed at 0.75% to 3.00%.

Let the fun and games begin.....eventually !

I'm assuming my HSBC 3% won't be changing but hope I'm wrong.

Can't see it. Think HSBC and some others would have already taken this rise into account with their latest offerings, but of course that's not an RS.