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

flaneurs_lobster

Bob2000 said:

Bigwheels1111 said:

Bob2000 said:

Hattie627 said:

Principality BS

I have a Regular Saver Bond Issue 34 maturing on 30th May. Maturity options are available online today. Pleased to see that one of the options is to open 6 month Regular Saver Issue 3 (rolling over £200 on maturity and keeping same account number). The interest rate is fixed at 7.36% gross/7.50% AER. I have selected this in the hope that it will be honoured even if the 6 month RS Issue 3 is withdrawn before 30 May.

Thought that this might be useful to anyone with a RSB Issue 34 maturing around same date as mine (think I opened it on the day it became available)

Edited to add: this will be my third 6 month RS Issue 3

I have an RSB issue 34 that matures  on 31st  May and have just given instructions  online to deposit £200 into a 6 month regular saver issue 3 (my second one if excepted).

It stated  on the online mature instructions  that the £200 will be deposited on the 31th  so will l be able to add the second £200 on the 1st June?

Also, if they realise that l already have a duplicate  account, would they close both accounts  or just my newer one?

No, they have not yet.

If you go the option to open a new one that's on them.

I have two issue 2 and one issue 3.

Ok, we will see then. I feel like a right rebel!

Should be fine, I've got 2 of each issue 2 & 3, with instructions given for my bond, as yours, to give me a 3rd 3.

exel1966

From 09th June

..........

Hattie627

Suffolk Building Society

One Year Variable Rate RS (31.03.26) reducing from 5% to 4.75% with effect from 9 June 2025

jameseonline

I'm not sure what to do with my Coventry Sunny Day now as my current rule is ditch anything lower than 6%, does this account have any penalties for closing early?.

pecunianonolet

jameseonline said:

I'm not sure what to do with my Coventry Sunny Day now as my current rule is ditch anything lower than 6%, does this account have any penalties for closing early?.

No penalties, just click close account when logged in and it is gone straight away.

jameseonline

pecunianonolet said:

jameseonline said:

I'm not sure what to do with my Coventry Sunny Day now as my current rule is ditch anything lower than 6%, does this account have any penalties for closing early?.

No penalties, just click close account when logged in and it is gone straight away.

Thanks, I know their other accounts have penalties on interest if you close early etc.

Seems I might not need to close anyway for time being if at all, recently got back my online access to Principality and it seems both of my 6 month issue 2 accounts end next month, maxed out at £1200 each.

Going forward I think I'm going to open a 7% First Direct, fund a 7% CO OP, get an issue 3 Principality.

Also open a new Club Lloyds & maybe a new TSB.

Then possibly open a new Saffron members month if that ends up being a thing.

I wonder if HSBC will do a 7% account again?.

allegro120

jameseonline said:

pecunianonolet said:

jameseonline said:

I'm not sure what to do with my Coventry Sunny Day now as my current rule is ditch anything lower than 6%, does this account have any penalties for closing early?.

No penalties, just click close account when logged in and it is gone straight away.

Thanks, I know their other accounts have penalties on interest if you close early etc.

Seems I might not need to close anyway for time being if at all, recently got back my online access to Principality and it seems both of my 6 month issue 2 accounts end next month, maxed out at £1200 each.

Going forward I think I'm going to open a 7% First Direct, fund a 7% CO OP, get an issue 3 Principality.

Also open a new Club Lloyds & maybe a new TSB.

Then possibly open a new Saffron members month if that ends up being a thing.

I wonder if HSBC will do a 7% account again?.

TSB is 5% now.

I very much doubt HSBC will be offering 7% in foreseen future.

janusd

Speculator said:

jim1999 said:

Speculator said:

Anyone else get an email from Saffron BS earlier this week regarding the maturity of their Members month Loyalty 8% regular saver? In the email, it says you can give your maturity instructions online or via the app using their "maturity manager feature."

Logged in via app and online and I can't see any option to give my maturity instruction.

It is quite a badly written email, but it also says "Select Maturity Manager option on the account.  This will be available up to 14 days before the maturity date."

I'm assuming you are currently more than 14 days from the maturity date?

Thanks, yes, mine matures 1st June so I will try again on Monday.

for me, the maturity options are now available on the account details link...

i'll likely choose to have the full balance returned to my nominated account - but out of interest, have Saffron announced any rate changes to the Small Saver yet?

pecunianonolet

jameseonline said:

pecunianonolet said:

jameseonline said:

I'm not sure what to do with my Coventry Sunny Day now as my current rule is ditch anything lower than 6%, does this account have any penalties for closing early?.

No penalties, just click close account when logged in and it is gone straight away.

Thanks, I know their other accounts have penalties on interest if you close early etc.

Seems I might not need to close anyway for time being if at all, recently got back my online access to Principality and it seems both of my 6 month issue 2 accounts end next month, maxed out at £1200 each.

Going forward I think I'm going to open a 7% First Direct, fund a 7% CO OP, get an issue 3 Principality.

Also open a new Club Lloyds & maybe a new TSB.

Then possibly open a new Saffron members month if that ends up being a thing.

I wonder if HSBC will do a 7% account again?.

Depending on the maturity date of your Princi reg savers you should be able to make an additional payment for each on 1st June. it was certainly possible for me and OH on the reg saver issue 1. We both have issue 2 maturing in June so will attempt to make a 7th payment on the 1st. Worst that can happen is a return of funds. 

Kim_13

janusdesign said:

Speculator said:

jim1999 said:

Speculator said:

Anyone else get an email from Saffron BS earlier this week regarding the maturity of their Members month Loyalty 8% regular saver? In the email, it says you can give your maturity instructions online or via the app using their "maturity manager feature."

Logged in via app and online and I can't see any option to give my maturity instruction.

It is quite a badly written email, but it also says "Select Maturity Manager option on the account.  This will be available up to 14 days before the maturity date."

I'm assuming you are currently more than 14 days from the maturity date?

Thanks, yes, mine matures 1st June so I will try again on Monday.

for me, the maturity options are now available on the account details link...

i'll likely choose to have the full balance returned to my nominated account - but out of interest, have Saffron announced any rate changes to the Small Saver yet?

Also working for me in the app.

I’ve set it to transfer the full amount into my E-Saver Issue 22 (they missed out Issue 21 and then used that as the name of the newly launched reduced rate issue.) I have my nominated account set up on that account, but there was no option of nominated account or a new Members’ Month account via the maturity manager. As the account matures on Sunday, it’s probably the best way to maximise interest anyway.

From previous experience, doing nothing and letting it default puts it into a Maturity AI account which you will have to call or secure message to get funds out of.