Regular Savings Accounts: The Best Currently Available List!

orange-juice

Just opened and funded the principality rs, thanks!

I don’t remember having to choose PBS as the payee name and set as a business as opposed to personal, but doing so seemed to make confirmation of payee happy. Hopefully I’ve not sent money to a rogue account.🫣

Rudyson

Thanks everyone for the info on the new Principality issue. Open and funded.

TiVo_Lad

Just had this from the Principality...

Hello Tivo_Lad,

Thank you for choosing to save with us You recently applied to open a Regular Saver Bond with an interest rate of 5.50% Gross (Issue 33). However, this product was not available at the time you tried to open the account and has officially launched today,15 June 2023.   What does this mean for you? As the Regular Saver Bond (Issue 33) wasn't available at the time you opened the account, we were unable to add any funds to this account until today. The good news is that from today, you can add funds and start earning 5.50% interest. As this is a one year regular saver product, your account will mature one year from the original account opening date.   Please take a look at the Regular Saver Bond Issue 33 Account Terms and Summary Box for full product information.

ForumUser7

orange-juice said:

Just opened and funded the principality rs, thanks!

I don’t remember having to choose PBS as the payee name and set as a business as opposed to personal, but doing so seemed to make confirmation of payee happy. Hopefully I’ve not sent money to a rogue account.🫣

It’s normal to have to do that - it should’ve popped up on the confirmation screen with your account number. It’s because you send the money to principality’s account, and they then send it onto yours internally (effectively). They aren’t a clearing bank. Should be fine, but if you want piece of mind your deposit should be visible online within 2 hours from when you sent it (normally).

TiVo_Lad said:

Just had this from the Principality...

Hello Tivo_Lad,

Thank you for choosing to save with us You recently applied to open a Regular Saver Bond with an interest rate of 5.50% Gross (Issue 33). However, this product was not available at the time you tried to open the account and has officially launched today,15 June 2023.   What does this mean for you? As the Regular Saver Bond (Issue 33) wasn't available at the time you opened the account, we were unable to add any funds to this account until today. The good news is that from today, you can add funds and start earning 5.50% interest. As this is a one year regular saver product, your account will mature one year from the original account opening date.   Please take a look at the Regular Saver Bond Issue 33 Account Terms and Summary Box for full product information.

Haha, I wonder if they figured out what happened or if they are completely confused as to how people did that 😂

TheBanker

ForumUser7 said:

orange-juice said:

Just opened and funded the principality rs, thanks!

I don’t remember having to choose PBS as the payee name and set as a business as opposed to personal, but doing so seemed to make confirmation of payee happy. Hopefully I’ve not sent money to a rogue account.🫣

It’s normal to have to do that - it should’ve popped up on the confirmation screen with your account number. It’s because you send the money to principality’s account, and they then send it onto yours internally (effectively). They aren’t a clearing bank. Should be fine, but if you want piece of mind your deposit should be visible online within 2 hours from when you sent it (normally).

TiVo_Lad said:

Just had this from the Principality...

Hello Tivo_Lad,

Thank you for choosing to save with us You recently applied to open a Regular Saver Bond with an interest rate of 5.50% Gross (Issue 33). However, this product was not available at the time you tried to open the account and has officially launched today,15 June 2023.   What does this mean for you? As the Regular Saver Bond (Issue 33) wasn't available at the time you opened the account, we were unable to add any funds to this account until today. The good news is that from today, you can add funds and start earning 5.50% interest. As this is a one year regular saver product, your account will mature one year from the original account opening date.   Please take a look at the Regular Saver Bond Issue 33 Account Terms and Summary Box for full product information.

Haha, I wonder if they figured out what happened or if they are completely confused as to how people did that 😂

The chances are they're reading this thread.

Hello PBS!

Bridlington1

wiseonesomeofthetime said:

subjecttocontract said:

It's not showing on their website so far......perhaps  it will be made available sometime later  today.

https://www.principality.co.uk/savings-accounts/fixed-term-savings-and-bonds/1-year-regular-saver-bond

Online now (Edit: Sort of)

Well, actually, issue 33 is listed, however, the link still goes to 32 ????

Apologies for the late reply.

I've found when opening previous issues that the link is always the last thing to be updated, normally updating 30-60 mins after the website shows the new issue with interest rate so this is a normal occurrence and has done this for at least the last 5 issues from my experience.

Bridlington1

ForumUser7 said:

Speculator said:

Just noticed the Natwest/RBS 6.17% regular savers are no longer on the moneyfacts best rates list.

Odd - perhaps a rate change on the way? Or maybe listing being updated for the 20th June increase to the above £5,000 rate

That notice has been on Natwest for at least the last month to my knowledge. They tend to release interest rate rises in advance on their website I've found.

I don't know why it's been removed from moneyfacts though, either it's about to become NLA, moneyfacts are having technical issues or it's about to be moved to the "existing customer" section on moneyfacts like the Bath BS 16-25 regular saver was last week (it gave me one heck of a fright when I didn't see it on moneyfacts since I will be eligible to open it from the end of this month).

Wheres_My_Cashback

orange-juice said:

Just opened and funded the principality rs, thanks!

I don’t remember having to choose PBS as the payee name and set as a business as opposed to personal, but doing so seemed to make confirmation of payee happy. Hopefully I’ve not sent money to a rogue account.🫣

You don't, all that matters is that the a/c number you use as reference is the correct one (yours). COP isn't fully active yet so will not actually enforce anything meaning you can send the payment to any name you choose as personal. eg. your name

jaypers

My First Direct RS matures today. They advised that the account may disappear but it hasn’t. Interest has been credited and the rate has dropped to 1.35%. Still called ‘Regular Saver’ though I I can’t move money. I take it that I just need to wait a couple of days now before I can access the cash and open a new RS? 

SFindlay

jaypers said:

My First Direct RS matures today. They advised that the account may disappear but it hasn’t. Interest has been credited and the rate has dropped to 1.35%. Still called ‘Regular Saver’ though I I can’t move money. I take it that I just need to wait a couple of days now before I can access the cash and open a new RS? 

Yeah its still being processed, they seem to be getting quicker though as my last one matured about a month ago and it only disappeared for a day so you might find it changes later today or overnight.