The Top Regular Savers Discussion Thread

Bigwheels1111

Roll on 00.01 am, Am I the only one waiting to open the Principality 6 month regular saver issue 3.

To join my Two issue 2 regs.

Max out the interest by getting £400 in in two days.

Kim_13

Bigwheels1111 said:

Roll on 00.01 am, Am I the only one waiting to open the Principality 6 month regular saver issue 3.

To join my Two issue 2 regs.

Max out the interest by getting £400 in in two days.

I opened it on the 26th, as it was the last day to be a working day in both March and September. My Issue 1 matured on a Saturday and meant the funds were not optimally placed until Monday.

I took a guess and figured that as there isn’t a 31st September, it would shorten the term by a day. I wasn’t sure of the Maths of whether getting £400 in a few days sooner would gain more interest than having an extra day on the term - but do let us know whether it’s set to mature on 30 September as I expect or 1 October.

Bigwheels1111

Kim_13 said:

Bigwheels1111 said:

Roll on 00.01 am, Am I the only one waiting to open the Principality 6 month regular saver issue 3.

To join my Two issue 2 regs.

Max out the interest by getting £400 in in two days.

I opened it on the 26th, as it was the last day to be a working day in both March and September. My Issue 1 matured on a Saturday and meant the funds were not optimally placed until Monday.

I took a guess and figured that as there isn’t a 31st September, it would shorten the term by a day. I wasn’t sure of the Maths of whether getting £400 in a few days sooner would gain more interest than having an extra day on the term - but do let us know whether it’s set to mature on 30 September as I expect or 1 October.

It does not tell me the end date yet, I think it will update in the next day or so. 30/09/25 maturity.
£200 showing up already.

A extra £200 is in the account for 29 days this month, Not sure on the math's but 29 days is better than loosing 1 day.

masonic

friolento said:

masonic said:

Kim_13 said:

Hopefully all forumites with the issue have at least one bank account that allows COP to be overriden.

It would appear these are falling in number as time goes by. If they do all disappear, hopefully debit card funding will regain popularity as a fall-back.

Rather than more debit card deposits, I'd like to see more deposits through Open Banking

If the bank mandates that there must be a COP match, then OB deposits may also be rejected for this reason. OB merely automates the process of setting up a faster payment or standing order.

I've had an OB payment blocked by my bank in the past, just like a manual payment, although thankfully such occurrences with either mechanism have been rare for me, and easily sorted out with a call to the bank.

jaypers

Furness Question……Should I submit the payment today for my Regular Saver (can fund 1st of each month), or will it be rejected because it’s the 31st? 

Slinky

jaypers said:

Furness Question……Should I submit the payment today for my Regular Saver (can fund 1st of each month), or will it be rejected because it’s the 31st? 

Most of my accounts allow you to pick either today or a future date, so you could set up today to be paid tomorrow if yours is the same.

PRAISETHESUN

devansuk said:

So you can withdraw the full 5k from natwest digital regular saver and put it back in as long as its the same month? Can anyone confirm

No personal experience myself, but others were saying earlier in the thread that's how it works

where_are_we

Bigwheels1111 said:

Roll on 00.01 am, Am I the only one waiting to open the Principality 6 month regular saver issue 3.

To join my Two issue 2 regs.

Max out the interest by getting £400 in in two days.

I thought you could only have one Principality 6 month RS per issue. I have one issue 2 and one issue 3. Can I open a second  issue 2?

soulsaver

where_are_we said:

Bigwheels1111 said:

Roll on 00.01 am, Am I the only one waiting to open the Principality 6 month regular saver issue 3.

To join my Two issue 2 regs.

Max out the interest by getting £400 in in two days.

I thought you could only have one Principality 6 month RS per issue. I have one issue 2 and one issue 3. Can I open a second  issue 2?

Probably not. IIRC 2 x Issue 2 happened when they offered an Iss2 as a maturity option for a different ac when some already had an Iss2 in existence. 

However, it doesn't take long to try - let us know how you get on.

I can confirm I couldn't open a 3rd...

Bigwheels1111

where_are_we said:

Bigwheels1111 said:

Roll on 00.01 am, Am I the only one waiting to open the Principality 6 month regular saver issue 3.

To join my Two issue 2 regs.

Max out the interest by getting £400 in in two days.

I thought you could only have one Principality 6 month RS per issue. I have one issue 2 and one issue 3. Can I open a second  issue 2?

I had an issue 1, then issue 2 went live so opened one as well.
Issue 1 matured and gave the option of reinvesting all or some of the money, I went for some.
The some option was an issue 2 reg saver.
So I opened it.
When issue 2 matures you might be able to open a second issue 3.
Or in my case a second and third issue 3.