The Top Regular Savers Discussion Thread

allegro120

Bob2000 said:

Bob2000 said:

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, there are 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?

Earlier, l went into my local branch to query  the interest amount on maturity.
The lady said a lot of people have been having issues with this particular  account. 

Will be expecting a phone call off the staff member on Monday. 

BTW,  l closed the account  today at 11.35am  25 April, and it's disappeared from my online portal, but still to appear in my nominated  bank, will it not arrive  now until Monday?

When I closed this account (triple access) money arrived the next working day, so probably Monday for you.  Different from RSs with maturity options - these resulted in funds arriving on maturity days, including weekends (at least in my experience).

Bob2000

 My funds reached my current account  today from Principalitys triple access regular saver. The grand total is £623.03
That will do me

savethepandas

Principality Triple Access RS

Got £10.77 interest in December to go towards the 24/25 tax year
and £9.51 interest on closing account (22 April) for the 25/26 tax year

Although how I would find that online, when I'm doing my tax return...

GlasgowExpat2

My Principality 6 month RS matures on 18 May but I’ve already paid in £600.  I assume I can just close it and the accrued interest will be paid or do I need to leave it to mature?

chris_the_bee

GlasgowExpat2 said:

My Principality 6 month RS matures on 18 May but I’ve already paid in £600.  I assume I can just close it and the accrued interest will be paid or do I need to leave it to mature?

Principality 6 month RS
You can do either of your suggestions. You do not have to let it mature to receive the accrued interest. Depending which issue you have,you are probably earning 7.5 or 8%. So you could continue to earn a high interest rate here unless you can invest elsewhere for a better return. (If you can, please share where with us)

Hattie627

Suffolk BS One Year Fixed Rate Online Regular Saver (31.7.2026) now available. 4.85% fixed until 31st July 2026. Max deposit is £250 per calendar month. No maximum account balance. No withdrawals or early closure allowed before maturity. 

sta0612

Is the Co-op Regular Saver one that technically ‘opens’ from the first day of funding? I.e. if I opened one on the 2nd April 2025, but first funded it today, would the account mature around 1st April 2026 or around 27th April 2026?

Apologies if this has been discussed before - I believe it has - but I’ve not been able to find a definitive answer.

Thanks in advance.

Bridlington1

sta0612 said:

Is the Co-op Regular Saver one that technically ‘opens’ from the first day of funding? I.e. if I opened one on the 2nd April 2025, but first funded it today, would the account mature around 1st April 2026 or around 27th April 2026?

Apologies if this has been discussed before - I believe it has - but I’ve not been able to find a definitive answer.

Thanks in advance.

It is one that goes by the date of first deposit. I opened one earlier this month but intend to fund mine on Wednesday so it matures at the end of April 2026.

35har1old

TheWoodler said:

Re the Principality Triple Access:

 @mhoc exactly my experience and they told me it was because this one was an online-only account, the others are/were available online and in branch. This after consultation with colleagues and I still don’t buy it because my relationship to Principality is also wholly online, it’s a specious distinction IMHO. 

@flaneurs_lobster - I also flagged that concern to them particularly as you can’t access statements through the portal - you can request them but not see them.

This one has definitely slipped through the cracks somewhere: the lack of interest at maturity, the lack of maturity options, the omission from the statements, and the lack of product knowledge all point in that direction. 

I did query the none payment of interest at maturity it was stated that the interest would be paid in January 
After reading the product notes where it said payment at maturity I did send them a message but I haven't been back in to see the reply

TheWoodler

Principality Triple Access RS

Normally if you have interim capitalisation (as we had on 1 January), then there will be closing maturity interest visible on display and accessible to the customer. 

Not to have access to a display of the closing interest either on maturity or on rollover to the default product - as it was still showing the amount of the January capitalisation in both displays - is odd. I would have expected to see a balance with the closing interest transferred to the default product, but no, still only January’s interest. 

To have interest accessible via capitalisation on closure of the product or the default product in my case, rather than as the inevitable outcome of maturity, is also odd. I don’t recall having been in this exact situation before. 

Why would you want to access the interest only in January 2026 on a product paying 2.9%? Yes, you’re free to close, and yes, you do receive your full balance on closure, but yeah, you’d normally expect to receive closing interest on maturity, not on physically closing the product. Normally maturity will close the original product - even if it’s rolled over into another account. 

I really didn’t like the way staff were scrambling around for an answer on the lack of statement for this product, either. Couldn’t fault the staff member but all they could give me was an interim capitalisation statement and not a closing statement. 

It’s a real shame their AGM was the week before most maturities for this product because I think this was worthy of a question at the AGM.