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

35har1old

Cweb said:

Principality Maturity options for Xmas Saver now available for those taken out on first day - Regular Saver 4 is an option. Nothing else of interest as options instead.

The option was there back in September on another maturing regular saver gave instruction early hours 11th reply came back 10.00 am on the 11th sorry you can't have more than one 

Dizzycap

allegro120 said:

What_time_is_it said:

Ed-1 said:

What_time_is_it said:

Monmouthshire Regular Saver (issue 8) - duplicate account

Hi there. I opened the above account at 6%, and subsequently opened both the branch and app exclusive accounts at 7%. So far so good, and all happy… However, when I opened the Regular Saver they accidently opened 2 accounts of the same type and issue. I asked about this at the time and they said they would just close the one that I don’t fund. But they haven’t! 

So my question is, should I start sticking £500 a month into this “duplicate” account and see what happens? Or is that a bit risky? 

What do you think?

You have to fund the account within 30 days of opening, otherwise it automatically deactivates.

That’s a good point. It opened in August, so well past 30 days. But it is still showing as active in my app. 

Monmouthshire Regular Saver (issue 8) - duplicate account
I've attempted to fund it 3 times, every time the funds were returned the next day.  The account was showing in my app for about a month and then disappeared.  

It depends how you attempted to fund the extra account. I had an easy access saver with Monmouth and transferred the extra £500 into that and then directly transferred the funds into the extra issue 8 RS for 2 months before setting up a regular monthly SO to both, which hasn't triggered a return of funds, yet   

dcs34

Principality Xmas 2025 Maturity Instructions
Did what I did last time - selected the "new Bond" option 4. No secure messages yet. Fingers crossed.

My new theory (given the options / timing doesn't seem to be the trick) is that the review/no review issue might just be a factor of users profiles. E.g. customers from before a certain date don't trigger the review; newer ones do.

clairec666

subjecttocontract said:

I've already got x2 issue 4's and have been allowed a third issue 4 at maturity. Let's face it, we need a few issue 3's &/or issue 4's cos they only pay £26 in interest each. So only one is hardly worth bothering with.

We'll have to agree to disagree on that one. The interest doesn't seem much because of the short time scale, but that money is getting a higher interest rate than it would elsewhere. If Principality suddenly started sticking to their rules and restricting us to one (of each issue - so you could end up with two, £50+ interest altogether) I would still have one. It's no hassle for me as I already have an ISA with them.

s71hj

Dizzycap said:

allegro120 said:

What_time_is_it said:

Ed-1 said:

What_time_is_it said:

Monmouthshire Regular Saver (issue 8) - duplicate account

Hi there. I opened the above account at 6%, and subsequently opened both the branch and app exclusive accounts at 7%. So far so good, and all happy… However, when I opened the Regular Saver they accidently opened 2 accounts of the same type and issue. I asked about this at the time and they said they would just close the one that I don’t fund. But they haven’t! 

So my question is, should I start sticking £500 a month into this “duplicate” account and see what happens? Or is that a bit risky? 

What do you think?

You have to fund the account within 30 days of opening, otherwise it automatically deactivates.

That’s a good point. It opened in August, so well past 30 days. But it is still showing as active in my app. 

Monmouthshire Regular Saver (issue 8) - duplicate account
I've attempted to fund it 3 times, every time the funds were returned the next day.  The account was showing in my app for about a month and then disappeared.  

It depends how you attempted to fund the extra account. I had an easy access saver with Monmouth and transferred the extra £500 into that and then directly transferred the funds into the extra issue 8 RS for 2 months before setting up a regular monthly SO to both, which hasn't triggered a return of funds, yet   

I tried this and it didn't work! 

Dizzycap

s71hj said:

Dizzycap said:

allegro120 said:

What_time_is_it said:

Ed-1 said:

What_time_is_it said:

Monmouthshire Regular Saver (issue 8) - duplicate account

Hi there. I opened the above account at 6%, and subsequently opened both the branch and app exclusive accounts at 7%. So far so good, and all happy… However, when I opened the Regular Saver they accidently opened 2 accounts of the same type and issue. I asked about this at the time and they said they would just close the one that I don’t fund. But they haven’t! 

So my question is, should I start sticking £500 a month into this “duplicate” account and see what happens? Or is that a bit risky? 

What do you think?

You have to fund the account within 30 days of opening, otherwise it automatically deactivates.

That’s a good point. It opened in August, so well past 30 days. But it is still showing as active in my app. 

Monmouthshire Regular Saver (issue 8) - duplicate account
I've attempted to fund it 3 times, every time the funds were returned the next day.  The account was showing in my app for about a month and then disappeared.  

It depends how you attempted to fund the extra account. I had an easy access saver with Monmouth and transferred the extra £500 into that and then directly transferred the funds into the extra issue 8 RS for 2 months before setting up a regular monthly SO to both, which hasn't triggered a return of funds, yet   

I tried this and it didn't work! 

Some did & some didn't work. My easy access account was funded a few days before I funded the 2nd RS. Obviously it was picked up somewhere for those that were unable to fund the second RS. Probably in one of their sudden App updates / outages.

Growingold

clairec666 said:

subjecttocontract said:

I've already got x2 issue 4's and have been allowed a third issue 4 at maturity. Let's face it, we need a few issue 3's &/or issue 4's cos they only pay £26 in interest each. So only one is hardly worth bothering with.

We'll have to agree to disagree on that one. The interest doesn't seem much because of the short time scale, but that money is getting a higher interest rate than it would elsewhere. If Principality suddenly started sticking to their rules and restricting us to one (of each issue - so you could end up with two, £50+ interest altogether) I would still have one. It's no hassle for me as I already have an ISA with them.

Exactly
As Tesco says "every little helps"   
Also "look after the pennies and the pounds will look after themselves"
And "great trees out of little acorns grow"

Hattie627

Growingold said:

clairec666 said:

subjecttocontract said:

I've already got x2 issue 4's and have been allowed a third issue 4 at maturity. Let's face it, we need a few issue 3's &/or issue 4's cos they only pay £26 in interest each. So only one is hardly worth bothering with.

We'll have to agree to disagree on that one. The interest doesn't seem much because of the short time scale, but that money is getting a higher interest rate than it would elsewhere. If Principality suddenly started sticking to their rules and restricting us to one (of each issue - so you could end up with two, £50+ interest altogether) I would still have one. It's no hassle for me as I already have an ISA with them.

Exactly
As Tesco says "every little helps"   
Also "look after the pennies and the pounds will look after themselves"
And "great trees out of little acorns grow"

I agree.

The Regular Saver game is about having as many high interest RSs as you can open and can manage (both funds-wise and time-wise). Yes, a few is better than none but more is better than a few, to maximise your return.

clairec666

Hattie627 said:

Growingold said:

clairec666 said:

subjecttocontract said:

I've already got x2 issue 4's and have been allowed a third issue 4 at maturity. Let's face it, we need a few issue 3's &/or issue 4's cos they only pay £26 in interest each. So only one is hardly worth bothering with.

We'll have to agree to disagree on that one. The interest doesn't seem much because of the short time scale, but that money is getting a higher interest rate than it would elsewhere. If Principality suddenly started sticking to their rules and restricting us to one (of each issue - so you could end up with two, £50+ interest altogether) I would still have one. It's no hassle for me as I already have an ISA with them.

Exactly
As Tesco says "every little helps"   
Also "look after the pennies and the pounds will look after themselves"
And "great trees out of little acorns grow"

I agree.

The Regular Saver game is about having as many high interest RSs as you can open and can manage (both funds-wise and time-wise). Yes, a few is better than none but more is better than a few, to maximise your return.

Nice point about time. Everyone's got their own thresholds of how much time they're prepared to spend for a tad more interest. I can see why some people can't be bothered with low-deposit accounts like the YBS £50 one, but for me it was worth it (at 8%... I haven't bothered with the 6% one). Every little extra bit of interest adds up. Although Monmouthshire's 7% has made it easy for people to stick larger amounts in the same place and not have to faff around with lots of smaller accounts.

OrangeBlueGreen

Bridlington1 said:

subjecttocontract said:

Hattie627 said:

clairec666 said:

janusd said:

Hattie627 said:

To those who have input maturity instructions for a maturing Principality RS and selected a rollover to a 6 month RS (Issue 4)

Whether you chose option 2 or 4, check out your sent secure messages. If there is no sent message transmitting your instructions, you will probably be okay. If there is a sent message, you may find that your instructions will be rejected as they will go to a human who may (or may not) reject them.

chose option 4 this time (usually choose 2) - £200 in another new RS4, the rest to my EA account with - it has generated a secure message to them and have just received their reply...

Thank you for your secure message.

As requested, we will move £200 into a new 6 Month Regular Saver account and the remaining balance to your nominated Principality account. These funds will be in your account by the end of the day and you will keep the same account number.

get in! 

the reply wasn't from our usual unnamed friend, but from another colleague - for the record, I wasn't wearing a green shirt at the time of renewal.

subjecttocontract said:

Who cares ? It only matters of you can do something about it. Nobody has come up with a definitive answer as to what option works with Principality so, that leaves the wearing of a green shirt and crossing your fingers.

not you certainly. 

Last time out (early Sep?) I didn't generate or receive any kind of secure message, my maturity instructions were accepted and I my account rolled over into the latest issue but with the same account number as before.

Can't remember for the life of me whether I chose option 2 or 4. But judging from other people's experiences, it sounds like option 2 is the one to go for, option 4 gets checked by a human and you might get lucky.

I've always used option 4 and never been turned down for a rollover to the 6 month RS. I think (but I may stand to be corrected) that the general consensus when previously discussing this was that the choice of option 2 or option 4 did not affect whether instructions to rollover to a 6mthRS were/were not accepted.

But someone already suggested it depends on wether you were wearing a green shirt. 😁😁

I was drinking green tea but not wearing a shirt the last time I did mine and it worked.

This reminds me of Mystic Meg’s winner predictions in the 90s on the National Lottery shows!