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

saverkev

janusd said:

jd84 said:

Principality 

I made a 7th payment into an Issue 3 this morning and it's showing a £1400 balance, so I can confirm that works.
The extra £200 will be kept in the account when it matures to an issue 4 later this month.

I have 2 PBS accounts maturing this month (my last RS3 and a Healthy Habit), so wasn't going to bother funding them - but on the back of the above, I sent two deposits in and both were showing an hour later.

Principality

I make the 7th payment each time as I make the standing orders continuous with no end date as Progressive use the same account number for renewals

trickydicky14

Hattie627 said:

janusd said:

jd84 said:

Principality 

I made a 7th payment into an Issue 3 this morning and it's showing a £1400 balance, so I can confirm that works.
The extra £200 will be kept in the account when it matures to an issue 4 later this month.

I have 2 PBS accounts maturing this month (my last RS3 and a Healthy Habit), so wasn't going to bother funding them - but on the back of the above, I sent two deposits in and both were showing an hour later.

I'm going to refrain from the temptation to overload any of my PBS accounts (have two accounts both maturing on 22 December which are now full in terms of the T and Cs), even if it is an overlooked infraction.  I don't want to draw attention to myself because I now have 5 X Issue 4 six month RS's, with another Issue 4 due to be born on 5th December as a rollover from my final Issue 3. 

I hope all these comments of over payments to PBS are not going to wake up the Dragon and we all get burnt!
Some folks just don't know when to keep one's head down.

Born2Save_3

Born2Save_3 said:

HEBS Card Deposit - ?Store your card details?

When just doing a card deposit to my HEBS RS account, I noticed there is an option I don't recall seeing before 'Express Checkout - Checkout With Card'.  I had a quick look but only at the first screen as I wanted to complete all the 1st of month transfers.  I just wondered if anyone has used this and could comment on what it is, how it worked for them and if they have any concerns. I think it is some sort of way to store your card details but using a third party, which I don't think I'm comfortable with.  However, it could potentially speed up the fastest way of sending money to HEBS.

Anyone ? In a few days, If I can, I will have a play and report back.

Descrabled

Principality 6 month

The extra interest on a 7th payment gives an additional interest equal to a maximum of £1.21 on 30 days, or just under £1 after 20% tax.

Allowing for less period, mine matures on 21st, and that I have to take the £200 from cahoot at 5% interest. The benefit that I would gain would be only 27p gross or 22p after basic rate tax (£200 @ 2.36% annual for 21 days)  As some have already commented, the reward is too small for the risk.

Chaykin

I found that Principality BS does not enforce their maximum balance rule. Never had an issue with 7th or 13th payments. Skipton BS however do enforce as I remember once having 13th payment returned. Any other examples of (not)enforcing maximum balance?

WillPS

Chaykin said:

I found that Principality BS does not enforce their maximum balance rule. Never had an issue with 7th or 13th payments. Skipton BS however do enforce as I remember once having 13th payment returned. Any other examples of (not)enforcing maximum balance?

MonBS do enforce it, including a couple of years ago with an account that had no stated maximum balance/number of deposits (they eventually increased the threshold due to complaints).

where_are_we

PowerSavingMode said:

StevieR said:

My Chorley Regular Saver 30/11/25 has matured and £400 of it has rolled over into a new Regular Saver 30/11/26

Chorley Regular Saver 

Was that automatic rollover, and at the same interest rate, or as a result of your maturity instructions?

Chorley Seasonal Saver 30/11/25 which is very similar to their RS 30/11/25 - My OH did maturity instructions on SS, £400 rolled over to new SS with same account details payment dated 30/11/25 which means 12 further payments can be made starting today resulting in a total of 13 payments with a £5200 maturity balance. My OH has a low income and benefits from most of the £5000 0% starting savings allowance making this 5.15% account just about worthwhile having already filled up the better paying RS`s.
However (being a 20% tax payer) the lowish 5.15% interest rate means I have decided to dip my toes in the water with a £25 opening deposit into a new SS with no further funding.
It is slightly annoying that Chorley use BACS for their payouts (not Faster Payments) which can take 3 days.

Archerychick

jameseonline said:

Born2Save_3 said:

jameseonline said:

Things seem ok with my Principality accounts, can't fund 2 of them though as already maxed out which does mean of course we get to play the can we get another issue 4 game TWICE this month 😁.

I've always been able to deposit a 13th/7th full payment; no issues. Or have I misunderstood you ?

The max limit per 6 month account is £1200, if you been able to fund more you've been lucky not to have overpayment returned 

I accidentally funded mine maturing late December, now has a balance of £1400. Had expected it to be returned 

allegro120

WillPS said:

Chaykin said:

I found that Principality BS does not enforce their maximum balance rule. Never had an issue with 7th or 13th payments. Skipton BS however do enforce as I remember once having 13th payment returned. Any other examples of (not)enforcing maximum balance?

MonBS do enforce it, including a couple of years ago with an account that had no stated maximum balance/number of deposits (they eventually increased the threshold due to complaints).

There was a similar story with Gatehouse.  No maximum balance stated in t&c, but they returned 13th payments.

surreysaver

Another couple of Regular Savers opened and another couple of passbooks to add to the collection...