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

Dizzycap

surreysaver said:

Hattie627 said:

jameseonline said:

Dizzycap said:

Money_Grabber13579 said:

Section62 said:

Money_Grabber13579 said:

Principality

Yes, both maturity accounts had instructions provided pre maturity. One was provided several weeks before, the other provided the day before, after close of business. The instructions for both accounts were blocked and matured into a maturity savings account.

In the second case did you get a human response saying the instruction couldn't be accepted, or if not, could it be you just missed the cut-off time for the instruction to be processed?

Principality

Yes, in both cases, I got responses from (different) named humans, both of which broadly said I couldn’t have another regular saver 3 because I already had one, which was the maximum allowed.

That's certainly not the experience I've had. I've submitted my maturity instructions online and then called to see that they've been received and it's never been an issue for accounts coming into maturity converting into the new accounts requested. I've got 2 Christmas Savers & 3 x 6 month RS (ALL now Issue 3). The system should be able to keep the RS Issue number i.e 1 & 2 and apply the Issue 3 account details. 

I think that's the thing I've pretty much done the same, submitted maturity instructions online & maturing accounts have changed into the new issue, account details remaining the same. 

I've not called or posted instructions.

Also I opened 1 of the new issue to start with before a maturing account ended & got converted.

Did it previously hence why I had 2 issues 2's, now I've got 2 issues 3's (£400 in 1, £200 in the other) & hoping my remaining issue 2 also gets converted into another issue 3, taking me up to 3 issue 3's.

So that's why people can have more than 1 because system allows it.

It's not like I just went I'll get 2 or 3 of x account by hitting apply on the account page several times.

It's upto Principality to sort (or not) things out, the maturity or whatever trick has been a thing for a while though from what I can tell & encourages to keep saving with them, not massive amounts of interest etc anyway so if they do actively stop it then no big loss for me.

This.

Principality have been offering the 6 month RS3 as a maturity option for maturing 6 month RS's, including those who already have an Issue 3, They can't blame their customers for accepting what is offered. I wouldn't describe it as a maturity "trick". No customer is making a false pretence by accepting what is offered. If it's an error, it's up to Principality to sort it out.

I'm not even sure (I might be wrong) that the maturity choice even stated it was as Issue 3 six month regular saver, so people clicking on it might have thought it was a different account anyway 

Yes, it did - Drop Down Box. Once selected you were then asked where you wanted the remainder of your maturity money & interest to be paid to - Nominated account, another savings account etc. The interesting point will be when all the first round Issue 3 RS mature, if no new issue is released and whether then they won't be renewed due to having more than 1 issue 3? 

Bridlington1

Bridlington1 said:

Regarding the Saffron BS Refer a Friend Saver they closed my account yesterday. I have now phoned them and they claimed the title "Refer a friend saver"  makes it clear that the account is for new customers only.

I have now raised a complaint on the grounds that the title is immeterial and that the terms at the time I applied for the account did not exclude existing customers and also cited that the FCA states that firms are required to provide terms that are clear, fair and not misleading.

Further to the above Saffron BS have said they shan't reinstate the account but are paying me £45 to compensate the loss of interest and inconvenience.

Bridlington1

Furness BS Regular Saver 6 has seen its interest rate reduced from 4.5% to 4.25% at some point between 3/6/25 and today (12/6/25), and has thus been removed from the first page of this thread.

Their Christmas RS Issue 2 (NLA) appears to have remained unchanged at 5.25%.

Bridlington1

Loughborough BS Interest Rate Reductions 1/7/25:

Account	Old rate	New rate	Date
Loughborough BS Limited Access Monthly Saver	4.75%	4.45%	01/07/2025
Loughborough BS Regular Monthly Saver  Account	2.50%	NO CHANGE	01/07/2025
Loughborough BS Holiday Monthly Saver	5.60%	NO CHANGE	01/07/2025
Loughborough BS 1 Year Super Saver	6.00%	NO CHANGE	01/07/2025
Loughborough BS 2 Year Super Saver	5.00%	NO CHANGE	01/07/2025

happybagger

Re: Loughborough BS
I attempted to open a Super Saver in branch, as a member of many years but NOT in the postcodes they require.
I thought a trip there way have worked. It did not! No flexibility in their rules.

happybagger

Bridlington1 said:

Furness BS Regular Saver 6 has seen its interest rate reduced from 4.5% to 4.25% at some point between 3/6/25 and today (12/6/25), and has thus been removed from the first page of this thread.

Their Christmas RS Issue 2 (NLA) appears to have remained unchanged at 5.25%.

It was on 3 June it reduced.

allegro120

happybagger said:

Re: Loughborough BS
I attempted to open a Super Saver in branch, as a member of many years but NOT in the postcodes they require.
I thought a trip there way have worked. It did not! No flexibility in their rules.

Not just in Loughborough's rules, post code restrictions aren't negotiable across the board.

Controlthenarrative

happybagger said:

Re: Loughborough BS
I attempted to open a Super Saver in branch, as a member of many years but NOT in the postcodes they require.
I thought a trip there way have worked. It did not! No flexibility in their rules.

 The Super Saver says Local & Loyal on their website at the moment. May be worth another look? States available to new and existing customers in the specified postcodes and customers who had savings or mortgage since 1st June 2025.

Bridlington1

Controlthenarrative said:

happybagger said:

Re: Loughborough BS
I attempted to open a Super Saver in branch, as a member of many years but NOT in the postcodes they require.
I thought a trip there way have worked. It did not! No flexibility in their rules.

 The Super Saver says Local & Loyal on their website at the moment. May be worth another look? States available to new and existing customers in the specified postcodes and customers who had savings or mortgage since 1st June 2025.

Well spotted, it seems the Ts&Cs of both the Loughborough BS 1 Year Super Saver Account (Local) and Loughborough BS 2 Year Super Saver Account (Local) have been amended to include existing customers who have held an account since 1/6/25.

The listings on the first page of this thread shall now be amended accordingly. For now they shall remain in the Local/Loyal/Beta/New Member Only accounts section.

happybagger

Their take on it was the same as mine, "Local AND loyal". I was only loyal NOT local. I tried the personal touch as I was in the area but I won't be for a long time.

I may try by post but don't hold out much hope.