The Top Regular Savers Discussion Thread

TheWoodler

Bigwheels1111 said:

Re Principality, 1 Year Triple Access Regular Saver (Online).

Interest on maturity ie 18/04/25 for me and others.

No interest was paid.

I made a call to Principality today and a call back after some clarification.

With this account interest is paid once a year on the 01/01/2025.

Unlike most reg saver accounts where the rest of the interest is paid on maturity this moves to an easy access

and retains the annual interest payment.

Closing the easy access generates the interest owed at that point.

SO on the 01/01/25 £10.77 interest & £9.18 interest today. Total of £19.95.

Hope this saves a few calls to Principality and a lot of time wasted on hold.

Thanks to Harriet at Principality for all your help.

This was definitely an outlier account in Principality terms, I felt: no maturity pack or options and a slight sense of bewilderment all round both at the customer end and the Principality end. 

I had the same, only with a slightly different maturity date. 

I couldn’t see a closing balance other than the interest paid to 1.1.25, but, as you said, the final interest was made available on closure. 

However, I was rather bewildered to find that this account, which was active at the end of 5 April 2025, was not included in my end of year tax statement received today. The operator had to ask colleagues to find out the answer. 

Apparently it was because it was an eSaver, only operable online, and not any of my other online accounts, which are or were also available in branch.

They were very helpful and generated a PDF for me - I always find their staff very helpful - but my perception with this one has been that it hasn’t received the usual attention to detail in account management that’s generally been my experience with Principality. 

Bigwheels1111

TheWoodler said:

Bigwheels1111 said:

Re Principality, 1 Year Triple Access Regular Saver (Online).

Interest on maturity ie 18/04/25 for me and others.

No interest was paid.

I made a call to Principality today and a call back after some clarification.

With this account interest is paid once a year on the 01/01/2025.

Unlike most reg saver accounts where the rest of the interest is paid on maturity this moves to an easy access

and retains the annual interest payment.

Closing the easy access generates the interest owed at that point.

SO on the 01/01/25 £10.77 interest & £9.18 interest today. Total of £19.95.

Hope this saves a few calls to Principality and a lot of time wasted on hold.

Thanks to Harriet at Principality for all your help.

This was definitely an outlier account in Principality terms, I felt: no maturity pack or options and a slight sense of bewilderment all round both at the customer end and the Principality end. 

I had the same, only with a slightly different maturity date. 

I couldn’t see a closing balance other than the interest paid to 1.1.25, but, as you said, the final interest was made available on closure. 

However, I was rather bewildered to find that this account, which was active at the end of 5 April 2025, was not included in my end of year tax statement received today. The operator had to ask colleagues to find out the answer. 

Apparently it was because it was an eSaver, only operable online, and not any of my other online accounts, which are or were also available in branch.

They were very helpful and generated a PDF for me - I always find their staff very helpful - but my perception with this one has been that it hasn’t received the usual attention to detail in account management that’s generally been my experience with Principality. 

I was hoping for an issue 3 reg saver option, wanted to go for a record.
Have two issue 2 and an issue 3, when each of  the issue 2 matures I’m looking to open two more issue 3.

Bob2000

My Principality BS one year triple access regular saver matured  today, but the total balance is only £612.65, seems a bit low. 

I paid in the full £50 per month between 1st-3rd for the entire  term


Can anybody tell me how much interest  they made, please? 

chris_the_bee

Bob2000 said:

My Principality BS one year triple access regular saver matured  today, but the total balance is only £612.65, seems a bit low. 

I paid in the full £50 per month between 1st-3rd for the entire  term


Can anybody tell me how much interest  they made, please? 

Principality BS one year triple access
Interest is paid 1st January and at maturity, so you will have received about £5 on 1st Jan. Perhaps this was paid direct to your nominated account then.

mhoc

Bob2000 said:

My Principality BS one year triple access regular saver matured  today, but the total balance is only £612.65, seems a bit low. 

I paid in the full £50 per month between 1st-3rd for the entire  term


Can anybody tell me how much interest  they made, please? 

My Principle triple access is only £608.68 - even lower than yours ... its a mystery.
Just realised that the SO is set up to send another £50 on May 1st - is there any point in this as mine matures on May 4th which is Sunday, part of the bank holiday weekend. 
No reply to my message yet from 2 days ago but they are probably just ignoring it!

Bob2000

chris_the_bee said:

Bob2000 said:

My Principality BS one year triple access regular saver matured  today, but the total balance is only £612.65, seems a bit low. 

I paid in the full £50 per month between 1st-3rd for the entire  term


Can anybody tell me how much interest  they made, please? 

Principality BS one year triple access
Interest is paid 1st January and at maturity, so you will have received about £5 on 1st Jan. Perhaps this was paid direct to your nominated account then.

Nope, no payments in January  but l did receive  £12.65 on 4 February but when l questioned  it at local branch they admitted it was a error and let me redeposit it four days later.
Also the February  amount was only £37.35. 
Something  isn't right?

mhoc

Born2Save_3 said:

ChorleyBS Regular Saver (30.04.2025)

I received a letter a week or so ago with maturity options.  I just wondered if anyone has sent maturity instructions through email or through the online messaging service ?

I'm thinking about completing the form, scanning it and then emailing or using a message attachment, if that is possible.  This way I hope it would be quicker and I could keep the prepaid envelope, that may be useful later.

The default maturity option is to transfer all/some of the balance to a Members Maturity Easy Access Saver (2 Withdrawals) account.  This currently pays 4.05%A. Transferring from this account may be a way to receive some of the maturing balance sooner, as a transfer from the maturing account to nominated on closure uses BACS.

The reasonably good news is that a roll over option is possible and the account and rate (5.15%A again) is stated.

I've yet to receive letters regarding maturity instructions for Chorley regular saver - think mine matures on the 10th. I have sent across instructions via messenger but looking at past messages they dont seem to accept instructions by messenger. I suppose the letters will arrive eventually (- an Easter card posted locally took 13 days)  

Aidanmc

Bob2000 said:

My Principality BS one year triple access regular saver matured  today, but the total balance is only £612.65, seems a bit low. 

I paid in the full £50 per month between 1st-3rd for the entire  term


Can anybody tell me how much interest  they made, please? 

Interest was £19.88 altogether, (£10.78 of which was added previously)

allegro120

Bob2000 said:

My Principality BS one year triple access regular saver matured  today, but the total balance is only £612.65, seems a bit low. 

I paid in the full £50 per month between 1st-3rd for the entire  term


Can anybody tell me how much interest  they made, please? 

Interest is paid each year on 1 January, so £12.65 must be your interest for 2024.  In order to receive the rest of your interest earlier you need to close the account.
I've received the total of £19.15, 1st deposit on 18th April 2024 followed by 12 payments on the 1st of each month.

10_66

mhoc said:

...Just realised that the SO is set up to send another £50 on May 1st - is there any point in this as mine matures on May 4th which is Sunday, part of the bank holiday weekend...

Principality
Terms say maximum amount you can pay in is £600, so a further £50 would exceed this.