The Top Regular Savers Discussion Thread

ForumUser7

Gers said:

Hattie627 said:

topyam said:

Just got the Principality one year fixed rate bond (4.85%). What wasn't appealing a while ago, now is... Tbh can't see many fixed rate RS hanging about. 

Always good to get a fixed rate RS while it's available. As long as you can close early if necessary, which Principality allows.

Not for this RS bond.

https://www.principality.co.uk/home/savings/savings-accounts/1-year-regular-saver-bond?startingBalance=&savingsContributions=0&savingsFrequency=&accountTermInMonths=12

"No, you cannot make any withdrawals from your bond before it matures. 
You can close your bond before it matures. Any interest you’ve earned will be added to the account balance and paid to you."

Penalty free closure is permitted, as has been the case with any Principality regular saver bond I've opened so far, as far as I am aware.

Kim_13

ForumUser7 said:

Gers said:

Hattie627 said:

topyam said:

Just got the Principality one year fixed rate bond (4.85%). What wasn't appealing a while ago, now is... Tbh can't see many fixed rate RS hanging about. 

Always good to get a fixed rate RS while it's available. As long as you can close early if necessary, which Principality allows.

Not for this RS bond.

https://www.principality.co.uk/home/savings/savings-accounts/1-year-regular-saver-bond?startingBalance=&savingsContributions=0&savingsFrequency=&accountTermInMonths=12

"No, you cannot make any withdrawals from your bond before it matures. 
You can close your bond before it matures. Any interest you’ve earned will be added to the account balance and paid to you."

Penalty free closure is permitted, as has been the case with any Principality regular saver bond I've opened so far, as far as I am aware.

Yes, I'm not aware of any Principality RS without this option.

A slightly lower rate than the Suffolk offering, but as they do not allow early closure, Principality may be the right choice for some.

Gers

Hattie627 said:

Gers said:

Hattie627 said:

topyam said:

Just got the Principality one year fixed rate bond (4.85%). What wasn't appealing a while ago, now is... Tbh can't see many fixed rate RS hanging about. 

Always good to get a fixed rate RS while it's available. As long as you can close early if necessary, which Principality allows.

Not for this RS bond.

https://www.principality.co.uk/home/savings/savings-accounts/1-year-regular-saver-bond?startingBalance=&savingsContributions=0&savingsFrequency=&accountTermInMonths=12

You can close the Regular Saver Bond Issue 36 early without notice or penalty. 

Yes - but not the Principality one year fixed rate bond (4.85%) which is what was referred to! 

soulsaver

Gers said:

Hattie627 said:

Gers said:

Hattie627 said:

topyam said:

Just got the Principality one year fixed rate bond (4.85%). What wasn't appealing a while ago, now is... Tbh can't see many fixed rate RS hanging about. 

Always good to get a fixed rate RS while it's available. As long as you can close early if necessary, which Principality allows.

Not for this RS bond.

https://www.principality.co.uk/home/savings/savings-accounts/1-year-regular-saver-bond?startingBalance=&savingsContributions=0&savingsFrequency=&accountTermInMonths=12

You can close the Regular Saver Bond Issue 36 early without notice or penalty. 

Yes - but not the Principality one year fixed rate bond (4.85%) which is what was referred to! 

Yes you can. It's allowed for the one you linked linked in your post. 

Withdrawals:

"You can close your bond before it matures. Any interest you’ve earned will be added to the account balance and paid to you"

refluxer

Gers said:

Hattie627 said:

Gers said:

Hattie627 said:

topyam said:

Just got the Principality one year fixed rate bond (4.85%). What wasn't appealing a while ago, now is... Tbh can't see many fixed rate RS hanging about. 

Always good to get a fixed rate RS while it's available. As long as you can close early if necessary, which Principality allows.

Not for this RS bond.

https://www.principality.co.uk/home/savings/savings-accounts/1-year-regular-saver-bond?startingBalance=&savingsContributions=0&savingsFrequency=&accountTermInMonths=12

You can close the Regular Saver Bond Issue 36 early without notice or penalty. 

Yes - but not the Principality one year fixed rate bond (4.85%) which is what was referred to! 

Confusingly, Principality also refer to their RS accounts as bonds and if you search for fixed rate accounts on their site, they all get listed together which is probably why Topyam mistakenly referred to it as a fixed rate bond. 

The 4.85% account will be their '1 Year Regular Saver bond', as their fixed rate bonds are all paying <4%.

Mrs_Trellis_of_North_Wales

Anybody planning to close the Beverley Regular Saver Issue 1 on January 1st (after the bonus payment has been received)? It seems to be the optimum date to close it.

Kim_13

Gers said:

Hattie627 said:

Gers said:

Hattie627 said:

topyam said:

Just got the Principality one year fixed rate bond (4.85%). What wasn't appealing a while ago, now is... Tbh can't see many fixed rate RS hanging about. 

Always good to get a fixed rate RS while it's available. As long as you can close early if necessary, which Principality allows.

Not for this RS bond.

https://www.principality.co.uk/home/savings/savings-accounts/1-year-regular-saver-bond?startingBalance=&savingsContributions=0&savingsFrequency=&accountTermInMonths=12

You can close the Regular Saver Bond Issue 36 early without notice or penalty. 

Yes - but not the Principality one year fixed rate bond (4.85%) which is what was referred to! 

You would expect not to be able to withdraw from a Fixed Rate Bond until the end of the term (and indeed there is a 1 Year Fixed Rate Bond at 3.75% with this condition) but Regular Savers often do allow early closure. Slightly confusing in as far as Principality refer to Regular Savers as bonds also perhaps, but Issue 36 is the Regular Saver paying 4.85%.

SH88SH88

Mrs_Trellis_of_North_Wales said:

Anybody planning to close the Beverley Regular Saver Issue 1 on January 1st (after the bonus payment has been received)? It seems to be the optimum date to close it.

No, I have a soft spot for small BS's, especially if they seem quite well run (had no issues with Beverley). Therefore I intend to keep it open and fully funded unless the rate becomes very uncompetitive.  

Bridlington1

Mrs_Trellis_of_North_Wales said:

Anybody planning to close the Beverley Regular Saver Issue 1 on January 1st (after the bonus payment has been received)? It seems to be the optimum date to close it.

I was just going to withdraw down to the minimum and then cease funding in case it comes in useful from 2027 onwards as opposed to closing the account.

Emily_Joy

Apologies if this has been asked a dozen times already - if I close Skipton Members RS that is 5.75% now early, will I receive any interest at all? I see it says that early closure is permitted, withdrawls are not, but it also says the interest is paid at maturity and it is not clear to me whether there will be any interest in case of early closure.