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

gt94sss2

ForumUser7 said:

Hanley EBS

Anyone sent in a postal application for the branch account please? If so, can you please keep us updated as to whether it is accepted? Thanks

HEBS are rejecting postal applications for the branch version.

EssexHebridean

I didn't dare leave my maturity instruction for Principality until today, so will have to go through the hoops of just opening a new Christmas saver now - not a massive issue though, and a rate well worth having. 

You know it's hot-off-the-press when they haven't yet got around to updating the title of the T's and C's doc though!

Hattie627

s71hj said:

Hattie627 said:

ThePirates said:

Principality Xmas Saver now live!

Xmas 2026 has come early!

So presumably if you open today maturity date will be 23/10/2026?

Yes, MD is the anniversary of opening (not funding)

SJMALBA

Co-Op RS:

Am I correct in thinking that the term starts on day of initial deposit, rather than day of opening?

I have a Cashminder account fully open (inc. online access), which was a relatively slow process - is opening the RS a same day 'event,' or also a protracted exercise?

TIA

EssexHebridean

As if by magic, new Principality Xmas 2026 set up the day before the maturity of the 2025 version, funded, and my monthly transfer standing order set up from the current account too. Easy as pie, as usually seems to be the case with Principality. 

clairec666

SJMALBA said:

Co-Op RS:

Am I correct in thinking that the term starts on day of initial deposit, rather than day of opening?

I have a Cashminder account fully open (inc. online access), which was a relatively slow process - is opening the RS a same day 'event,' or also a protracted exercise?

TIA

From the T&Cs:
"12 month term - The 12 months starts from the date we receive and accept your 1st deposit"

They take a few days to process an application for a regular saver. Mine was about 5 days last time, despite being an existing customer and having had a regular saver recently mature.

SJMALBA

clairec666 said:

SJMALBA said:

Co-Op RS:

Am I correct in thinking that the term starts on day of initial deposit, rather than day of opening?

I have a Cashminder account fully open (inc. online access), which was a relatively slow process - is opening the RS a same day 'event,' or also a protracted exercise?

TIA

From the T&Cs:
"12 month term - The 12 months starts from the date we receive and accept your 1st deposit"

They take a few days to process an application for a regular saver. Mine was about 5 days last time, despite being an existing customer and having had a regular saver recently mature.

Don't know how I missed that in the Ts & Cs - doh! 

Given your experience. I may as well apply for one today... thanks.

EDIT (11:20): Co-Op online banking 'temporarily unavailable...

Ch1ll1Phlakes

clairec666 said:

Principality: I've delayed submitting my maturity instructions for last year's Christmas account, in case this year's one is offered as a maturity option. We got into a good healthy debate a few pages back about whether a higher rate for 6 months was better than a lower rate for 12 months.

I might tinker around with a spreadsheet to see which one is the better option.

(To be honest, it's just an excuse to tinker around with a spreadsheet!)

I've done the same only had a few days left before I had to complete my maturity instructions and got the reminder email yesterday (though it said I had 7 days when I clearly didn't)

6.5% FIX will be perfect and the extra £25pm is an added bonus.

Also get to tinker with my spreadsheet now too 

Ch1ll1Phlakes

Maturity Instructions now set up. And by the looks of things will keep the same account number, will make setting up the standing order a little easier.

ThePirates

clairec666 said:

Principality: We got into a good healthy debate a few pages back about whether a higher rate for 6 months was better than a lower rate for 12 months.

I might tinker around with a spreadsheet to see which one is the better option.

@claire666 any chance of a copy of that part of you spreadsheet, I'm struggling with the 6mths v 12mths somewhere else at a lower rate!