The Old Regular Savers Discussion Thread 28/12/24-29/1/26

Slinky

My Progressive RS3 hits its 1 year anniversary on 30th Jan. I've received no communications from Progressive, is closing my account on 30th my best option here? I know there was a better paying account they wouldn't allow existing RS holders to open, can't seem to find that listed now so I'm guessing it's gone. I can't find my original documents from when I opened my account.

TIA

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/81857135#Comment_81857135

There was another Progressive BS Online Regular Rainy Day Saver at 7% but this went NLA late last year IIRC.

I'd be inclined to keep hold of an EA account with £1 (the maturity account would suffice) just to keep a foot in the door. When Issue 1 was launched it was originally available to new customer living in Northern Ireland and new customers living anywhere in the UK so it potentially saves a job.

happybagger

re. progressive

assuming it is the rainy day saver, it matures into an instant access online account.

id suggest withdrawing down but not closing it completely. they may bring in a new issue of the rainy day saver and still having online access will save having to go through their selfie id nonsense again.

(crossed with Bridlington1's post above)

Chaykin

Anybody knows if Progressive BS actually enforces their "no 13th payment" rule?

masonic

id suggest withdrawing down but not closing it completely

(Progressive)

That's what I was planning to do. Foot in the door with minimum balance.

(Aside: I am finding the selective quoting feature more useful than the new full quote (select relevant text and paste it in using the quote option from the format floating menu)

checkly

Have a Principality 6 Month Regular Saver Issue 4 with maturity instructions due to go live tomorrow. I have several more of the same issue. What’s the current thinking/experience with putting some of the proceeds into another new RS Is4? Do all attempts to do this now fail?

allegro120

https://forums.moneysavingexpert.com/discussion/comment/81857161#Comment_81857161

It was reported in this thread a while ago that Progressive doesn't enforce £3,600 rule.

Bridlington1

Chaykin6:30 pm Anybody knows if Progressive BS actually enforces their "no 13th payment" rule?
allegro120 It was reported in this thread a while ago that Progressive doesn't enforce £3,600 rule.

Indeed, I was one of those who accidentally ended up with £3.9k in a Progressive BS RS, though it was only due to an error on my spreadsheet that I tried this.

KneadtheDough

https://forums.moneysavingexpert.com/discussion/comment/81857144#Comment_81857144

Progressive 

That's what I did. (Withdrew all but £1 once it had matured.)

allegro120

https://forums.moneysavingexpert.com/discussion/comment/81857274#Comment_81857274

My recent one has failed.