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

happybagger

Born2Save_3 said:

I opened and did my first transfer for £300 yesterday, without satisfying COP,

re: Hanley, For anyone doing a transfer waiting for COP to work, note for me it took two working days to be recognised

clairec666

ThePirates said:

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!

This is what I've got so far:
https://docs.google.com/spreadsheets/d/1n50F6t5Jsb3kpjSVxP7HwvaoLDi0a0-IjllulAmxrGE/edit?usp=sharing

Assuming for the sake of simplicity that you've got £150 a month to deposit (yes, the 6 month account has a higher limit, but in order to compare the two accounts fairly I've pretended they both have a limit of £150).

Scenario 1: open a 6 month regular saver and fund it with £150 each month. When it matures, see if you can manage to get yourself two accounts, continuing to fund one with new money, while using the matured account to fund the other one.
Any remaining funds can sit in an easy access account (I've set it to 3.5% here) while waiting to drip-feed.

Scenario 2: open a Christmas regular saver and fund it with £150 each month for a year.

If you just stick the 6-month proceeds into a current account paying 0% interest, then you'll actually get less interest over the year than if you picked the 12 month account. (This is what started the debate earlier in this thread.) But the interest gained on the drip-feed account will swing things back in favour of the 6 month account.

Newly_retired

New Principality Christmas RS 2026 opened, My 2025 version matures today and funds will be transferred to my current account tomorrow, ready for removal elsewhere. I have already funded the new RS.

Hattie627

EssexHebridean said:

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. 

Same here. 2026 Xmas version opened and funded today with £150, and monthly SO set up to start in November. Tomorrow, all being well, 2025 Xmas RS matures into a 6 month RS (Issue 4). I have a second 2025 Xmas RS maturing on 22nd December, so will wait and see how that pans out.

Reg_Smeeton

Re: Principality 2025 Xmas saver

Mine matures on Friday 24th October and I have requested full balance to be paid out to an external current account. When should I expect the money? TIA

SJMALBA

Reg_Smeeton said:

Re: Principality 2025 Xmas saver

Mine matures on Friday 24th October and I have requested full balance to be paid out to an external current account. When should I expect the money? TIA

IME, I'd expect it on the 24th.

Principality appear to be highly efficient in general, including account maturities (touch wood!).

refluxer

Reg_Smeeton said:

Re: Principality 2025 Xmas saver

Mine matures on Friday 24th October and I have requested full balance to be paid out to an external current account. When should I expect the money? TIA

If you get your maturity instructions in before the deadline, Principality usually pay out on the same day in my experience, even over the weekend. My last one arrived late morning on a Friday (11.15am) which was the day of maturity.

chris_the_bee

refluxer said:

Reg_Smeeton said:

Re: Principality 2025 Xmas saver

Mine matures on Friday 24th October and I have requested full balance to be paid out to an external current account. When should I expect the money? TIA

If you get your maturity instructions in before the deadline, Principality usually pay out on the same day in my experience, even over the weekend. My last one arrived late morning on a Friday (11.15am) which was the day of maturity.

Principality 2025 Xmas saver
What is the deadline? Mine matures 24th October as well.

flaneurs_lobster

chris_the_bee said:

refluxer said:

Reg_Smeeton said:

Re: Principality 2025 Xmas saver

Mine matures on Friday 24th October and I have requested full balance to be paid out to an external current account. When should I expect the money? TIA

If you get your maturity instructions in before the deadline, Principality usually pay out on the same day in my experience, even over the weekend. My last one arrived late morning on a Friday (11.15am) which was the day of maturity.

Principality 2025 Xmas saver
What is the deadline? Mine matures 24th October as well.

Go online, see if you can give maturity instructions on the Xmas Saver.

If you can then you haven't missed the deadline.

If you can't .....etc.

savethepandas

masonic said:

savethepandas said:

Passport photo page emailed to savingsonline@SCOTS.CO.UK
rest of the stuff to be posted back by their second class prepaid envelope.

Hopefully you didn't send it there as that is "owned and operated by SafetyNet Systems Ltd since 2006 - Company Registered in England and Wales - Registration Number: 3403704"

Quite right, my typo. I'd got them to email me first, from their address and then I did a reply.