The Top Regular Savers Discussion Thread

ih8stress

PRINCIPALITITY BS

Hi, just opened a 6mth Regular Saver with Principality, 7.5% AER Fixed

I haven't paid any money into it yet - will be doing the maximum £200 per month.

Do I have to pay the £200 in one go, or can I do more than one payment?

(I prefer to do a test payment of £1 first when setting an account up, just in case of issues).

Going forward, am I best to pay in £200 at the beginning or end of each month - or do I have to pay it on the same date each month?

Many thanks

Rudyson

ih8stress said:

PRINCIPALITITY BS

Hi, just opened a 6mth Regular Saver with Principality, 7.5% AER Fixed

I haven't paid any money into it yet - will be doing the maximum £200 per month.

Do I have to pay the £200 in one go, or can I do more than one payment?

(I prefer to do a test payment of £1 first when setting an account up, just in case of issues).

Going forward, am I best to pay in £200 at the beginning or end of each month - or do I have to pay it on the same date each month?

Many thanks

You can make more than one payment, so £1 test is fine. You can pay on the 1st of each month if you want, but can only have a maximum of £1200, so you can't make a 7th payment for half of the final month if you've maxed the a/c

ih8stress

Hi, @Rudyson- many thanks for your quick reply and advice

clairec666

ih8stress said:

PRINCIPALITITY BS

Hi, just opened a 6mth Regular Saver with Principality, 7.5% AER Fixed

I haven't paid any money into it yet - will be doing the maximum £200 per month.

Do I have to pay the £200 in one go, or can I do more than one payment?

(I prefer to do a test payment of £1 first when setting an account up, just in case of issues).

Going forward, am I best to pay in £200 at the beginning or end of each month - or do I have to pay it on the same date each month?

Many thanks

I can confirm that you can change the date of your payment each month. I used to have a standing order set up, and cancelled that so that I could transfer manually.

You can pay a maximum of £200 per calendar month, and the sooner you put it in, the longer it will be earning interest for. So you can maximise your interest by paying in on the 1st each month.

Bigwheels1111

clairec666 said:

ih8stress said:

PRINCIPALITITY BS

Hi, just opened a 6mth Regular Saver with Principality, 7.5% AER Fixed

I haven't paid any money into it yet - will be doing the maximum £200 per month.

Do I have to pay the £200 in one go, or can I do more than one payment?

(I prefer to do a test payment of £1 first when setting an account up, just in case of issues).

Going forward, am I best to pay in £200 at the beginning or end of each month - or do I have to pay it on the same date each month?

Many thanks

I can confirm that you can change the date of your payment each month. I used to have a standing order set up, and cancelled that so that I could transfer manually.

You can pay a maximum of £200 per calendar month, and the sooner you put it in, the longer it will be earning interest for. So you can maximise your interest by paying in on the 1st each month.

I have had an issue 1, two issue 2 and an issue 3, hope to open a second issue 3 Thursday or Friday this week.

You reinvest £200 from old issue into a new one. If nothing changes I might get three issue 3.

As for the £1 payment, I've never bothered.

As long and you use the Sort code, Acc number and ref number all works fine.

Confirmation of payee never works for me.

As I open the account and fund same day so the system has not caught up yet.

On my 9th product with them.

checkly

COVENTRY BS SUNNY DAY SAVER RATE REDUCTION

From 2 June 2025, the rate on your Sunny Day Saver will decrease by up to 0.25% gross p.a.

Current rates

	Annual
Balance / Term	Gross p.a.
£0.01 plus	6.00%

New rates effective from 2 June 2025

	Annual
Balance / Term	Gross p.a.
£0.01 plus	5.75%

E_zroda

checkly said:

COVENTRY BS SUNNY DAY SAVER RATE REDUCTION

From 2 June 2025, the rate on your Sunny Day Saver will decrease by up to 0.25% gross p.a.

Current rates

	Annual
Balance / Term	Gross p.a.
£0.01 plus	6.00%

New rates effective from 2 June 2025

	Annual
Balance / Term	Gross p.a.
£0.01 plus	5.75%

...and for them it was a very difficult decision. (allegedly)

Kim_13

E_zroda said:

checkly said:

COVENTRY BS SUNNY DAY SAVER RATE REDUCTION

From 2 June 2025, the rate on your Sunny Day Saver will decrease by up to 0.25% gross p.a.

Current rates

	Annual
Balance / Term	Gross p.a.
£0.01 plus	6.00%

New rates effective from 2 June 2025

	Annual
Balance / Term	Gross p.a.
£0.01 plus	5.75%

...and for them it was a very difficult decision. (allegedly)

0.25% higher than the NatWest Digital Regular Saver after the cuts take effect, giving customers a more difficult decision to decide which to prioritise given the Sunny Day Savers mature in September.

allegro120

ih8stress said:

PRINCIPALITITY BS

Hi, just opened a 6mth Regular Saver with Principality, 7.5% AER Fixed

I haven't paid any money into it yet - will be doing the maximum £200 per month.

Do I have to pay the £200 in one go, or can I do more than one payment?

(I prefer to do a test payment of £1 first when setting an account up, just in case of issues).

Going forward, am I best to pay in £200 at the beginning or end of each month - or do I have to pay it on the same date each month?

Many thanks

To get maximum return from this account you can deposit £200 now and make 5 more £200 payments on the 1st of each consecutive months starting from 1st June.

£1 followed by £199 won't be a problem, but I wouldn't do it on the same day.  This can trigger fraud alert leading to your payment being blocked and a long phone call with your bank's "fraud department" to unblock it (happened to me many times in the past). It should be OK of you deposit the rest of your money next day after the initial £1.

I used to do £1 tests but stopped when CoP was introduced.  There's no point doing it anymore. 

Bob2000

Hattie627 said:

Principality BS

I have a Regular Saver Bond Issue 34 maturing on 30th May. Maturity options are available online today. Pleased to see that one of the options is to open 6 month Regular Saver Issue 3 (rolling over £200 on maturity and keeping same account number). The interest rate is fixed at 7.36% gross/7.50% AER. I have selected this in the hope that it will be honoured even if the 6 month RS Issue 3 is withdrawn before 30 May.

Thought that this might be useful to anyone with a RSB Issue 34 maturing around same date as mine (think I opened it on the day it became available)

Edited to add: this will be my third 6 month RS Issue 3

I have an RSB issue 34 that matures  on 31st  May and have just given instructions  online to deposit £200 into a 6 month regular saver issue 3 (my second one if excepted).

It stated  on the online mature instructions  that the £200 will be deposited on the 31th  so will l be able to add the second £200 on the 1st June?

Also, if they realise that l already have a duplicate  account, would they close both accounts  or just my newer one?