Regular Savings Accounts: The Best Currently Available List!

Kazza242

AndyTh_2 said:

Kazza242 said:

According to Moneyfacts, Principality Building Society will be launching their Christmas 2023 Regular Saver Bond, paying 5.00%

Pay in between £1 - £125 per month.  The maximum account balance (not including interest) is £1,500. 

The account has a 1 year term.  Withdrawals are NOT permitted before maturity.

The account can be opened online or in branch.

https://www.principality.co.uk/en/savings-accounts/Regular-Saver  

> Withdrawals are NOT permitted before maturity.

I guess, if like the 1 year regular saver bond, you can still close the account without taking a penalty.

Yes, you can close the bond early.  The Christmas 2023 Regular Saver Bond page now states: 

"You can close your bond before it matures. Any interest you’ve earned will be added to the account balance and paid to you."

https://www.principality.co.uk/savings-accounts/fixed-term-savings-and-bonds/Christmas-2023-Regular-Saver-Bond

Every_Penny_Counts

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

t1redmonkey

Kazza242 said:

According to Moneyfacts, Principality Building Society will be launching their Christmas 2023 Regular Saver Bond, paying 5.00%

Pay in between £1 - £125 per month.  The maximum account balance (not including interest) is £1,500. 

The account has a 1 year term.  Withdrawals are NOT permitted before maturity.

The account can be opened online or in branch.

https://www.principality.co.uk/savings-accounts/fixed-term-savings-and-bonds/Christmas-2023-Regular-Saver-Bond

Just wondering if anyone's opened and tried paying into this yet?  I just tried paying into it but CoP was failing.  The email they send you doesn't tell you what to use as the account name, so not sure if this is meant to be our actual full name or Principality.

kaMelo

t1redmonkey said:

Kazza242 said:

According to Moneyfacts, Principality Building Society will be launching their Christmas 2023 Regular Saver Bond, paying 5.00%

Pay in between £1 - £125 per month.  The maximum account balance (not including interest) is £1,500. 

The account has a 1 year term.  Withdrawals are NOT permitted before maturity.

The account can be opened online or in branch.

https://www.principality.co.uk/savings-accounts/fixed-term-savings-and-bonds/Christmas-2023-Regular-Saver-Bond

Just wondering if anyone's opened and tried paying into this yet?  I just tried paying into it but CoP was failing.  The email they send you doesn't tell you what to use as the account name, so not sure if this is meant to be our actual full name or Principality.

Choose business account and the payee "Principality Building Society"

wiseonesomeofthetime

Opened and funded really quickly as an Existing Customer.

As stated by kaMelo above, the details on how to pay in to it were clearly displayed at the end of the application process, where it gives you your account number.

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)