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

refluxer

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.

Mine also matures tomorrow and I got a text message from Principality reminding me to submit my maturity instructions, which I did this morning. 

If you haven't done this, then do it ASAP as there will presumably be a cut-off point today at some stage.

potlings

Principality Xmas 2026. Presume this a mistake? Sometimes see this on fixed rate bonds.

flaneurs_lobster

potlings said:

Presume this a mistake? Sometimes see this on fixed rate bonds.

It's not the only 'typo' on the product information pages.

Pretty poor that punters can spot this stuff but PrinBS haven't got a couple of eyeballs to proof this financial, legal, regulated information before they publish it.

Bob2000

MARKET HARBOROUGH REGULAR SAVER. 

Can someone  remind me what happens  to the account  on maturity on 30th November, please.

Does it turn into an easy access account that you can then transfer out and close, or can you just close the account on maturity?
I don't want to stay with this building society once my account ends.
Thank you.

fuzzzzy

HHUK said:

roked said:

I have had the same request. If you hit reply within the message itself (after signing in with passcode), it states it is still encrypted and you can attach your documents

Hanley

I tried to reply directly from the encrypted message (after signing in with the passcode) but despite several attempts was unable to attach the files saved on my PC. Not something that is normally an issue when using my usual email service.  

I actually just replied to the encrypted e-mail today to say that I would not be going ahead with my application and to request they return my debit card payment.

( I have a banner above the outlook e-mail to say it is encrypted but can see the message as normal without actually having to sign into anything. I guess the differences are due to different e-mail services?) 

But the e-mail reply won't send. Obviously this must be something to do with encryption stopping me replying.

I will obviously give them a ring but wondered if someone more technically savvy can explain what is happening in simple terms in case I should encounter receiving encrypted e-mails again.

EssexHebridean

Hattie627 said:

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.

Until you got the second 2025 Xmas one, I was starting to think that you were me... ;-) 

Bigwheels1111

I hope the principality stays open until the 31st. When my old one matures.
I should then get my third Reg saver 4 opened, plus will take out the xmas saver.
A better deal than renewing my TSB reg saver at 5%.

allegro120

Bob2000 said:

MARKET HARBOROUGH REGULAR SAVER. 

Can someone  remind me what happens  to the account  on maturity on 30th November, please.

Does it turn into an easy access account that you can then transfer out and close, or can you just close the account on maturity?
I don't want to stay with this building society once my account ends.
Thank you.

MHBS
On maturity the account will be transferred to an easy access account and you will be able to close it.

ThePirates

clairec666 said:

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.

Brilliant, thanks!

refluxer

Just tried to open the Hanley Eco BS 1 Year Online Smart Saver and it looks like they might have disabled online applications for now - I get the same message either while applying through online banking (as an existing customer) or from their homepage (as a new customer would).

The application is currently unavailable.

We are currently experiencing some problems and are unable to continue with your application. Please try again later.