The Top Regular Savers Discussion Thread

Hattie627

10_66 said:

Bigwheels1111 said:

Just opened a new Principality 1 year triple access regular saver.

Mine just matured today, not added interest yet, will wait and see...

Did your interest ever arrive?  Mine matured today and my maturity interest's still missing.

Mine matured today (now showing as a maturity account) but no final interst showing. Balance is £610 (12 X £50 plus £10 approx interest added in Dec 24)

pecunianonolet

IanManc said:

pecunianonolet said:

Kim_13 said:

pecunianonolet said:

Principality

My 6 month regular saver is maturing on 30th April. Already got issue 2 and 3 going. What are my options beside just taking the money?

Nothing currently, unless you don't have a current 1 Year Triple Access or whatever the current issue of the Regular Saver is - those would take £300, albeit at not the best rates. Have they sent you a letter yet? The process doesn't seem to be as smooth as it was in 2024, unfortunately.

Thanks. I do have the 1 Year Triple Access saver but do not fund it really as my rate focus is on 6%+ so will just tell them to close it and send the funds to the nominated account. The letter arrived today, total waste of paper.

EDIT:

Just logged in and provided maturity instructions and despite already having a 6 Month Regular Saver Issue 3 open they seemingly allowed me to open another issue 3 that's been on the maturity instruction list. I thought this loophole was closed?

Anyhow, hope it walks through and £200 get moved on the 30th of April into a new issue 3 account and I can put another £200 in 1st of May, so the 7th payment can earn it's maximum when we get to it. Should they attempt to pay into the existing saver it will just simply bounce and is returned as I already funded that one on the 1st.

The T&Cs of the Principality 6 Month Regular Saver Issue 3 say: "if your bond reaches £1200, you cannot pay any more money in."

Guess why I posted a screenshot showing £1200 to be paid out and £200 to be moved into a potentially second issue 3 reg saver?

Here the T&C's also say that you can not pay in more than £1200 and yet it worked to pay in £1400.

Reg saver terms of issue 1

Here my account overview:



As I said, the question is now if they attempt to pay in to my existing issue 3 reg saver and the payment will bounce or if they open a second issue 3 reg saver. Guess we will know in 2 weeks ;-)

RosieRooBear

pecunianonolet said:

IanManc said:

pecunianonolet said:

Kim_13 said:

pecunianonolet said:

Principality

My 6 month regular saver is maturing on 30th April. Already got issue 2 and 3 going. What are my options beside just taking the money?

Nothing currently, unless you don't have a current 1 Year Triple Access or whatever the current issue of the Regular Saver is - those would take £300, albeit at not the best rates. Have they sent you a letter yet? The process doesn't seem to be as smooth as it was in 2024, unfortunately.

Thanks. I do have the 1 Year Triple Access saver but do not fund it really as my rate focus is on 6%+ so will just tell them to close it and send the funds to the nominated account. The letter arrived today, total waste of paper.

EDIT:

Just logged in and provided maturity instructions and despite already having a 6 Month Regular Saver Issue 3 open they seemingly allowed me to open another issue 3 that's been on the maturity instruction list. I thought this loophole was closed?

Anyhow, hope it walks through and £200 get moved on the 30th of April into a new issue 3 account and I can put another £200 in 1st of May, so the 7th payment can earn it's maximum when we get to it. Should they attempt to pay into the existing saver it will just simply bounce and is returned as I already funded that one on the 1st.

The T&Cs of the Principality 6 Month Regular Saver Issue 3 say: "if your bond reaches £1200, you cannot pay any more money in."

Guess why I posted a screenshot showing £1200 to be paid out and £200 to be moved into a potentially second issue 3 reg saver?

Here the T&C's also say that you can not pay in more than £1200 and yet it worked to pay in £1400.

Reg saver terms of issue 1

Here my account overview:



As I said, the question is now if they attempt to pay in to my existing issue 3 reg saver and the payment will bounce or if they open a second issue 3 reg saver. Guess we will know in 2 weeks ;-)

Thanks @pecunianonolet, I thought the loophole had been closed as on my husband’s maturity instructions that were sent by post there was no mention of another 6 month regular saver as an option. I saw your post so logged into hubby’s account (with his permission) and could also choose another 6 month regular saver issue 3 which I’ve done. His matures on 24th April so can update next week if it works and he then had two issue 3’s 🤞. Thanks for the heads up for an extra payment as will try that for my issue 1 which matures on 18th May 😊

pecunianonolet

RosieRooBear said:

pecunianonolet said:

IanManc said:

pecunianonolet said:

Kim_13 said:

pecunianonolet said:

Principality

My 6 month regular saver is maturing on 30th April. Already got issue 2 and 3 going. What are my options beside just taking the money?

Nothing currently, unless you don't have a current 1 Year Triple Access or whatever the current issue of the Regular Saver is - those would take £300, albeit at not the best rates. Have they sent you a letter yet? The process doesn't seem to be as smooth as it was in 2024, unfortunately.

Thanks. I do have the 1 Year Triple Access saver but do not fund it really as my rate focus is on 6%+ so will just tell them to close it and send the funds to the nominated account. The letter arrived today, total waste of paper.

EDIT:

Just logged in and provided maturity instructions and despite already having a 6 Month Regular Saver Issue 3 open they seemingly allowed me to open another issue 3 that's been on the maturity instruction list. I thought this loophole was closed?

Anyhow, hope it walks through and £200 get moved on the 30th of April into a new issue 3 account and I can put another £200 in 1st of May, so the 7th payment can earn it's maximum when we get to it. Should they attempt to pay into the existing saver it will just simply bounce and is returned as I already funded that one on the 1st.

The T&Cs of the Principality 6 Month Regular Saver Issue 3 say: "if your bond reaches £1200, you cannot pay any more money in."

Guess why I posted a screenshot showing £1200 to be paid out and £200 to be moved into a potentially second issue 3 reg saver?

Here the T&C's also say that you can not pay in more than £1200 and yet it worked to pay in £1400.

Reg saver terms of issue 1

Here my account overview:



As I said, the question is now if they attempt to pay in to my existing issue 3 reg saver and the payment will bounce or if they open a second issue 3 reg saver. Guess we will know in 2 weeks ;-)

Thanks @pecunianonolet, I thought the loophole had been closed as on my husband’s maturity instructions that were sent by post there was no mention of another 6 month regular saver as an option. I saw your post so logged into hubby’s account (with his permission) and could also choose another 6 month regular saver issue 3 which I’ve done. His matures on 24th April so can update next week if it works and he then had two issue 3’s 🤞. Thanks for the heads up for an extra payment as will try that for my issue 1 which matures on 18th May 😊

Glad I could help and looking forward to your results and if it worked.

Strangely, the maturity form had only 1, 2, 3 and 5 year fixed rate bonds as an option but they sent me also a print of the T&C's of the reg saver issue 3, maturity fixed rate bonds and of the 1 year regular saver bond issue 36. 

The maturity fixed rate bond interest rates are 0.05% higher compared to the ones on the website. 

Kim_13

pecunianonolet said:

Kim_13 said:

pecunianonolet said:

Principality

My 6 month regular saver is maturing on 30th April. Already got issue 2 and 3 going. What are my options beside just taking the money?

Nothing currently, unless you don't have a current 1 Year Triple Access or whatever the current issue of the Regular Saver is - those would take £300, albeit at not the best rates. Have they sent you a letter yet? The process doesn't seem to be as smooth as it was in 2024, unfortunately.

Thanks. I do have the 1 Year Triple Access saver but do not fund it really as my rate focus is on 6%+ so will just tell them to close it and send the funds to the nominated account. The letter arrived today, total waste of paper.

EDIT:

Just logged in and provided maturity instructions and despite already having a 6 Month Regular Saver Issue 3 open they seemingly allowed me to open another issue 3 that's been on the maturity instruction list. I thought this loophole was closed?

Anyhow, hope it walks through and £200 get moved on the 30th of April into a new issue 3 account and I can put another £200 in 1st of May, so the 7th payment can earn it's maximum when we get to it. Should they attempt to pay into the existing saver it will just simply bounce and is returned as I already funded that one on the 1st.

I believed the Principality loophole had closed due to not being able to set instructions in advance for the Triple Access, and other forumites having no luck either. I received the same waste of paper and assumed this to be how they do it now, although they may have a different procedure for other account types (the first 6 Month Savers matured with options available - the pack they sent for that one did give a link that could be used to set options.)

Bigwheels1111

10_66 said:

Bigwheels1111 said:

Just opened a new Principality 1 year triple access regular saver.

Mine just matured today, not added interest yet, will wait and see...

Did your interest ever arrive?  Mine matured today and my maturity interest's still missing.

Still missing.

Bigwheels1111

pecunianonolet said:

Principality

My 6 month regular saver is maturing on 30th April. Already got issue 2 and 3 going. What are my options beside just taking the money?

If you log in is there a list of options.

When issue 1 matured I had options to reinvest, so opted for an issue 2.

But had an issue 2 already, so now have 2 x issue 2 and an issue 3.

I hope to get another issue 3 in the next month.

friolento

IanManc said:

friolento said:

where_are_we said:

I emptied my Principality 1 Year Triple Access RS maturity account, all but £1, this morning. Then I opened a new 1YTARS @5.4% and funded first deposit £50 plus 11 standing orders ........

@where_are_we You can pay 12 SOs in, to end up with £650 in total

You can't. The T&Cs of the Principality 1 Year Triple Access account say" "If your account reaches £600, you cannot pay any more money in."

May be that is new. I had 650 plus interest in my matured account today. So I set up another 12 x SO for the new account. Worst case they will send back my final £50.

allegro120

Hattie627 said:

10_66 said:

Bigwheels1111 said:

Just opened a new Principality 1 year triple access regular saver.

Mine just matured today, not added interest yet, will wait and see...

Did your interest ever arrive?  Mine matured today and my maturity interest's still missing.

Mine matured today (now showing as a maturity account) but no final interst showing. Balance is £610 (12 X £50 plus £10 approx interest added in Dec 24)

Mine matured today too with the balance of £660.79 (I've made 13 payments). £10.79 interest added on 1st Jan 2025. Presumably this new account carries over the interest payment arrangement from the original one.  If this is the case, the only way to get the remaining interest to a better home is closure.  I'll do it on Tuesday, no point compounding at 2.9%. 

Baileys_Babe

allegro120 said:

Hattie627 said:

10_66 said:

Bigwheels1111 said:

Just opened a new Principality 1 year triple access regular saver.

Mine just matured today, not added interest yet, will wait and see...

Did your interest ever arrive?  Mine matured today and my maturity interest's still missing.

Mine matured today (now showing as a maturity account) but no final interst showing. Balance is £610 (12 X £50 plus £10 approx interest added in Dec 24)

Mine matured today too with the balance of £660.79 (I've made 13 payments). £10.79 interest added on 1st Jan 2025. Presumably this new account carries over the interest payment arrangement from the original one.  If this is the case, the only way to get the remaining interest to a better home is closure.  I'll do it on Tuesday, no point compounding at 2.9%. 

I'm guessing our interest will be credited on Tuesday, if not their phones will be very busy.