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

Pickledonionlover

Pickledonionlover said:

Principality RS Maturity failures 

Having ten currently running I submitted three Maturity Instructions over the weekend to mature into further RS.

All three have been refused by message and that's my first time for refusals.

I'll be interested to see if those type of accounts I've been refused for are part of the postal offering when they drop through my letter box.

So I've now received the postal maturity options for these three accounts I've been refused.

And guess what they include the type of account I've been refused for.

If you're reading this Principality staff - save yourself grief and paper by not giving us the literature or online options for accounts we're not able to have from now 👍 

castle96

As above same as me. There is script on the bottom though.." you are only allowed.....

WillPS

Pickledonionlover said:

Pickledonionlover said:

Principality RS Maturity failures 

Having ten currently running I submitted three Maturity Instructions over the weekend to mature into further RS.

All three have been refused by message and that's my first time for refusals.

I'll be interested to see if those type of accounts I've been refused for are part of the postal offering when they drop through my letter box.

So I've now received the postal maturity options for these three accounts I've been refused.

And guess what they include the type of account I've been refused for.

If you're reading this Principality staff - save yourself grief and paper by not giving us the literature or online options for accounts we're not able to have from now 👍 

I don't think comments which could (quite justifiably) be read by these staff as passive aggressive are helpful.

Let's not bite the hands which feed. Maturity packs will probably be processed at least semi-automatically and even if they're not it's not a reasonable expectation for them to manually all a client's existing accounts and filter down their pack. I'm quite sure they have enough on.

allegro120

friolento said:

And hot on the heels of the survey: Principality email to tell me that my maturity instructions for another RS4, submitted yesterday, have now been rejected, and that the full balance will be paid to my current account 😢😭. 

I received the same secure message.  It's not clear which account they refered to (I've submitted two maturity instructions yesterday), but I guess I will receive another secure message some time soon.

subjecttocontract

I've been saving them a job by selecting the..... pay maturity proceeds to my bank account.... myself. I still have the 100% success rate with the wearing of green clothing ! 😁😁

cricidmuslibale

Assuming Principality are going to remain very strict in preventing any of their savers from having more than one Regular Saver of the same issue from now onwards, it would be very helpful if the ‘entirely legitimate’ maturity options that the saver is allowed to choose from were more attractive in terms of their interest rates, please!

At present, the currently available maturity fixed rate bonds are paying only c. 3.75% gross AER and the current standard Regular Saver (Issue 36) is paying a mediocre 4.85% fixed gross annual interest. This latter interest rate, although not nearly as dire as the current 4.15% & 4.25% annual interest rates payed by the standard regular savers of Coventry BS and Yorkshire BS respectively, is still rather unappealing right now when the standard regular savers of all the big banks and a good number of building societies pay annual interest rates of 5% or more. (Although quite a lot of the rates above 5% are variable to be fair.)

Just at the moment Principality seems to be applying a lot of stick and not giving a lot of carrot(s)! Their visiting Christmas reindeer are not going to be well fed this year, it appears!

shirley999

Principality

They would make it more manageable for themselves if they cut renewals in half by having 12-month terms instead of 6 months.  Might also halve the number of posts on here.

Pickledonionlover

WillPS said:

Pickledonionlover said:

Pickledonionlover said:

Principality RS Maturity failures 

Having ten currently running I submitted three Maturity Instructions over the weekend to mature into further RS.

All three have been refused by message and that's my first time for refusals.

I'll be interested to see if those type of accounts I've been refused for are part of the postal offering when they drop through my letter box.

So I've now received the postal maturity options for these three accounts I've been refused.

And guess what they include the type of account I've been refused for.

If you're reading this Principality staff - save yourself grief and paper by not giving us the literature or online options for accounts we're not able to have from now 👍 

I don't think comments which could (quite justifiably) be read by these staff as passive aggressive are helpful.

Let's not bite the hands which feed. Maturity packs will probably be processed at least semi-automatically and even if they're not it's not a reasonable expectation for them to manually all a client's existing accounts and filter down their pack. I'm quite sure they have enough on.

Absolutely no aggressiveness meant - passive or not in my reply.

Others have already pointed out Principality read this thread.

Forum members suggesting improvements which save their staff grief would only be construed as helpful.  Welfare is much more important than getting a few quid extra and why it's back to lurking for me.

trickydicky14

cricidmuslibale said:

Assuming Principality are going to remain very strict in preventing any of their savers from having more than one Regular Saver of the same issue from now onwards, it would be very helpful if the ‘entirely legitimate’ maturity options that the saver is allowed to choose from were more attractive in terms of their interest rates, please!

At present, the currently available maturity fixed rate bonds are paying only c. 3.70% gross AER and the current standard Regular Saver (Issue 36) is paying a mediocre 4.85% fixed gross annual interest. This latter interest rate, although not nearly as dire as the current 4.15% & 4.25% annual interest rates payed by the standard regular savers of Coventry BS and Yorkshire BS respectively, is still rather unappealing right now when the standard regular savers of all the big banks and a good number of building societies pay annual interest rates of 5% or more. (Although quite a lot of the rates above 5% are variable to be fair.)

At the moment Principality seems to be applying a lot of stick and not giving a lot of carrot(s)! Their visiting Christmas reindeer are not going to be well fed this year, it appears!

Do me a favour, PBS have fed us so many carrots over the past few years you should be able to see in the dark. Just take on board the party is over and move on. It was great whilst it lasted thanks PBS.

subjecttocontract

cricidmuslibale said:

Assuming Principality are going to remain very strict in preventing any of their savers from having more than one Regular Saver of the same issue from now onwards, it would be very helpful if the ‘entirely legitimate’ maturity options that the saver is allowed to choose from were more attractive in terms of their interest rates, please!

At present, the currently available maturity fixed rate bonds are paying only c. 3.70% gross AER and the current standard Regular Saver (Issue 36) is paying a mediocre 4.85% fixed gross annual interest. This latter interest rate, although not nearly as dire as the current 4.15% & 4.25% annual interest rates payed by the standard regular savers of Coventry BS and Yorkshire BS respectively, is still rather unappealing right now when the standard regular savers of all the big banks and a good number of building societies pay annual interest rates of 5% or more. (Although quite a lot of the rates above 5% are variable to be fair.)

At the moment Principality seems to be applying a lot of stick and not giving a lot of carrot(s)! Their visiting Christmas reindeer are not going to be well fed this year, it appears!

They obviously don't need the extra funds. Mortgage applications at this time of the year are probably minimal. Why beat yourself up if you don't need to !

I'm closing all my accounts as they mature anyway but, I can see the attraction at 7.5%.