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

Bob2000

chris_the_bee said:

Bob2000 said:

My Principality BS one year triple access regular saver matured  today, but the total balance is only £612.65, seems a bit low. 

I paid in the full £50 per month between 1st-3rd for the entire  term


Can anybody tell me how much interest  they made, please? 

Principality BS one year triple access
Interest is paid 1st January and at maturity, so you will have received about £5 on 1st Jan. Perhaps this was paid direct to your nominated account then.

Nope, no payments in January  but l did receive  £12.65 on 4 February but when l questioned  it at local branch they admitted it was a error and let me redeposit it four days later.
Also the February  amount was only £37.35. 
Something  isn't right?

mhoc

Born2Save_3 said:

ChorleyBS Regular Saver (30.04.2025)

I received a letter a week or so ago with maturity options.  I just wondered if anyone has sent maturity instructions through email or through the online messaging service ?

I'm thinking about completing the form, scanning it and then emailing or using a message attachment, if that is possible.  This way I hope it would be quicker and I could keep the prepaid envelope, that may be useful later.

The default maturity option is to transfer all/some of the balance to a Members Maturity Easy Access Saver (2 Withdrawals) account.  This currently pays 4.05%A. Transferring from this account may be a way to receive some of the maturing balance sooner, as a transfer from the maturing account to nominated on closure uses BACS.

The reasonably good news is that a roll over option is possible and the account and rate (5.15%A again) is stated.

I've yet to receive letters regarding maturity instructions for Chorley regular saver - think mine matures on the 10th. I have sent across instructions via messenger but looking at past messages they dont seem to accept instructions by messenger. I suppose the letters will arrive eventually (- an Easter card posted locally took 13 days)  

Aidanmc

Bob2000 said:

My Principality BS one year triple access regular saver matured  today, but the total balance is only £612.65, seems a bit low. 

I paid in the full £50 per month between 1st-3rd for the entire  term


Can anybody tell me how much interest  they made, please? 

Interest was £19.88 altogether, (£10.78 of which was added previously)

allegro120

Bob2000 said:

My Principality BS one year triple access regular saver matured  today, but the total balance is only £612.65, seems a bit low. 

I paid in the full £50 per month between 1st-3rd for the entire  term


Can anybody tell me how much interest  they made, please? 

Interest is paid each year on 1 January, so £12.65 must be your interest for 2024.  In order to receive the rest of your interest earlier you need to close the account.
I've received the total of £19.15, 1st deposit on 18th April 2024 followed by 12 payments on the 1st of each month.

10_66

mhoc said:

...Just realised that the SO is set up to send another £50 on May 1st - is there any point in this as mine matures on May 4th which is Sunday, part of the bank holiday weekend...

Principality
Terms say maximum amount you can pay in is £600, so a further £50 would exceed this.

TheWoodler

Interesting to see the mystery over the Principality Triple Access continues for others, which reinforces my view that this product hasn’t had the usual care and attention devoted to it, which I find rather unusual as Principality have become something of a RS specialist. 

I could only see my January interest payment on maturity last week, but not the closing balance with closing interest. That was £10.79 and I see others have reported similar, so it will have been more than £5 for people whose product is maturing about now.

It took allowing it to default to the maturity product, then closure of that product, to receive the closing interest, of the order of £20 something, which I assume includes interest for a few days in the maturity account.

The MSE RS calculator states £18 on 12 monthly payments at this interest rate (without the interim capitalisation we had in January) so that seems about right to me. 

friolento

10_66 said:

mhoc said:

...Just realised that the SO is set up to send another £50 on May 1st - is there any point in this as mine matures on May 4th which is Sunday, part of the bank holiday weekend...

Principality
Terms say maximum amount you can pay in is £600, so a further £50 would exceed this.

Mine closed with £670.28, £20.28 of which was interest.

flaneurs_lobster

friolento said:

Mine closed with £670.28, £20.28 of which was interest.

Mine was £669.72.

david72

It sounds like some of you have opened the account on a date that would let you make a 13th payment into the account before the maturity date, even though the terms of the account say that you oughtn't be able to do this…

mhoc

For the Principality 3 access I had £8.68 on January 1st - but looking at the payment schedule because I just use standing orders so the £50 goes out of my current account on the 1st. But on 6 months of the last year it has been the 2nd or the 3rd rather than the 1st of the month before its got to PBS- that may account for a few pence in difference for interest. 

Just had my annual  savings statement from Principality - all the accounts nicely listed with interest, balance and maturity dates but not the triple access 
"If you have any other accounts with us not shown ... you opened them online, your statement will be available in your online profile"

But I opened them all online and they are all listed except the triple access .... baffling