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Regular Savings Accounts: The Best Currently Available List!
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So can we close the previous issue and get the interest rate paid?PloughmansLunch said:
Mine was quick to show funding too - just have to wait for my Issue 31 to close and pay interest as 4% has become a bit of a duffer for an RS.ForumUser7 said:My goodness, Principality is getting quick! Usually it takes 2 hours for a deposit to reflect, but this time 15 minutes! Perhaps I timed it perfectly with a batch processing slot?0 -
Yes, penalty free closure on issue 30 onwards - likely prior ones too, but I can't confirm as didn't hold them.liamcov said:
So can we close the previous issue and get the interest rate paid?PloughmansLunch said:
Mine was quick to show funding too - just have to wait for my Issue 31 to close and pay interest as 4% has become a bit of a duffer for an RS.ForumUser7 said:My goodness, Principality is getting quick! Usually it takes 2 hours for a deposit to reflect, but this time 15 minutes! Perhaps I timed it perfectly with a batch processing slot?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 I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read.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.1 -
The earliest Principality Regular Saver bond I've held was Issue 23 and that was certainly the case then.ForumUser7 said:
Yes, penalty free closure on issue 30 onwards - likely prior ones too, but I can't confirm as didn't hold them.liamcov said:
So can we close the previous issue and get the interest rate paid?PloughmansLunch said:
Mine was quick to show funding too - just have to wait for my Issue 31 to close and pay interest as 4% has become a bit of a duffer for an RS.ForumUser7 said:My goodness, Principality is getting quick! Usually it takes 2 hours for a deposit to reflect, but this time 15 minutes! Perhaps I timed it perfectly with a batch processing slot?2 -
Principality
Can I withdraw money?- No, you cannot make any withdrawals from your bond before it matures.
- You can close your bond before it matures. Any interest you’ve earned will be added to the account balance and paid to you.
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You can carry out penalty free closure which results in the account being closed, accrued interest paid, and balance transferred to nominated account (which you can nominate at the time), or another account with principality. Cheque (or cash in branch) are possibly options too. You cannot make a part withdrawal.castle96 said:Principality
Can I withdraw money?- No, you cannot make any withdrawals from your bond before it matures.
- You can close your bond before it matures. Any interest you’ve earned will be added to the account balance and paid to you.
Not 100% sure if that was your question thoughIf 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 -
Did open the new Principality RS before it was on general release but have decided against funding it as the marginal interest is only £25 over the year against where the money is now and that's before any increase on the access account where the funds are now - so it could be less. Can't be bothered for such a small difference0
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Just noticed the Natwest/RBS 6.17% regular savers are no longer on the moneyfacts best rates list.1
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I think you've answered it. Closure and Withdrawal aren't the same thing.ForumUser7 said:
You can carry out penalty free closure which results in the account being closed, accrued interest paid, and balance transferred to nominated account (which you can nominate at the time), or another account with principality. Cheque (or cash in branch) are possibly options too. You cannot make a part withdrawal.castle96 said:Principality
Can I withdraw money?- No, you cannot make any withdrawals from your bond before it matures.
- You can close your bond before it matures. Any interest you’ve earned will be added to the account balance and paid to you.
Not 100% sure if that was your question though
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Odd - perhaps a rate change on the way? Or maybe listing being updated for the 20th June increase to the above £5,000 rateSpeculator said:Just noticed the Natwest/RBS 6.17% regular savers are no longer on the moneyfacts best rates list.
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 -
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.🫣0
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