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

flaneurs_lobster

Section62 said:

We'd possibly all be better of if everyone stopped talking about the subject, and wait to see what happens.

Yes. This.

shirley999

We’d all be better off if Principality regular savers lasted more than 6 months.  It means we never build up much of a balance so although it’s an attractive interest rate it’s on a really small balance, half as much as if the term was 12 months.  Eg £200 per month, average balance over 6 month term is £600, average if a 12-month term would be £1200.  Certainly not worth the hassle caused by the uncertainty being discussed.

Over62

My Principality regular saver issue 2 also matures on 5 June.  My maturity instructions to open a new issue 3 (my third) have so far been accepted.  [Removed by Forum Team] hasn't noticed me.

*Keeps head down*

chris_the_bee

mhoc said:

I've had an email today through from Saffron regarding the members loyalty saver due to mature on the 12th of June. There is supposed to be a  ‘maturity manager’ feature on the page but I cant see it so I've messaged them. I've asked to convert into a small saver but I am still hoping for something a lot better coming up in members month ....

Saffron
The link only appears 14 days prior to maturity so you are a few days too early.

trickydicky14

shirley999 said:

We’d all be better off if Principality regular savers lasted more than 6 months.  It means we never build up much of a balance so although it’s an attractive interest rate it’s on a really small balance, half as much as if the term was 12 months.  Eg £200 per month, average balance over 6 month term is £600, average if a 12-month term would be £1200.  Certainly not worth the hassle caused by the uncertainty being discussed.

It is what it is, if it's too much hassle then walk on by. Yes we would all love better deals but that's what is on offer.

flaneurs_lobster

shirley999 said:

We’d all be better off if Principality regular savers lasted more than 6 months.  It means we never build up much of a balance so although it’s an attractive interest rate it’s on a really small balance, half as much as if the term was 12 months.  Eg £200 per month, average balance over 6 month term is £600, average if a 12-month term would be £1200.  Certainly not worth the hassle caused by the uncertainty being discussed.

We'd all be better off if Principality's regular savers lasted for 5 years, were fixed at 20% and allowed deposits of £5k a month.

But they don't. 

You have to make the best of the products that are available at any one time. If you consider the returns too piddling for the effort required to fund them then simply don't bother.

Are you a member of PrinBS? Make your points via the AGM or look at their Member Pulse membership. 

pecunianonolet

Aldermore Regular Saver issue 1 interest rate is reducing today to 4.75%

Time to withdraw and redistribute to higher return accounts. Do they process same day withdrawals, any cut off times?

CricketLady

pecunianonolet said:

Aldermore Regular Saver issue 1 interest rate is reducing today to 4.75%

Time to withdraw and redistribute to higher return accounts. Do they process same day withdrawals, any cut off times?

Hi, I closed mine yesterday at about 11am and the money was in my nominated account complete with interest fairly soon after - I don't know exactly when (it might have been instant!) because I went out after giving my instruction, but when I check three hours later the money was there  xx

jameseonline

For anyone with Saffron you don't really need to wait for the dedicated maturity thing to come up on the app etc, you can literally send them a secure message or call them up to give them instructions & they will carry them out.

10_66

Saffron
I rang them today and was advised that there will be another Members Month Loyalty Saver available on Monday 2nd June.  Unable to give maturity instructions for this via their maturity manager as there aren't any details yet, but I believe it'll be similar to the existing one at 8% (not certain of this yet as they didn't have full info at the time of my call earlier today).  Instructions can be given via secure message.