The Top Regular Savers Discussion Thread

[Deleted User]

surreysaver said:

jameseonline said:

I'm not sure what to do with my Coventry Sunny Day now as my current rule is ditch anything lower than 6%, does this account have any penalties for closing early?.

Bring your 6% rule down, as interest rates are decreasing 

Very true. And you can always put the minimum in if yoy want.

Kim_13

Having received the email from Cambridge BS about rate reductions, which mentioned in the text (probably due to regulatory requirements, but anyway) that it may be possible to get a better rate by switching to a different account, I secure messaged them yesterday lunchtime asking about switching my E-Saver to a Your Saver and keeping the same account number, as it was my qualification account for the RS. They switched the account for me within the hour, which included coming back to check that I had read the Your Saver terms. Fastest ever secure message service by any society. The only slight downside was that the interest due was applied to the Your Saver (my E-Saver had been set up to pay away) and the product switch must have counted as my 1 withdrawal for May as it’s saying I can’t transfer it to the RS as the account is limited to 1 withdrawal a month. Never mind, it isn’t a lot and can just go across in June.

I had intended to apply for the Your Saver originally as the rate was better, but it was off sale the day that I applied so I took what I could get at the time to start the RS clock ticking.

fergie_

If rates continue to drop, strategies are likely to pivot to paying down mortgages or other debts that are fixed at a higher rate.

Bigwheels1111

Just got my maturity options from Principality for the 6 month reg saver 2.

It's let me open a second issue 3. Great.

Now just got to wait 6 weeks or so and see if my other issue 2 can be moved into an issue 3.

allegro120

Bigwheels1111 said:

Just got my maturity options from Principality for the 6 month reg saver 2.

It's let me open a second issue 3. Great.

Now just got to wait 6 weeks or so and see if my other issue 2 can be moved into an issue 3.

This will be my 4th issue 3.  I don't think there's limit on how many you can have if you open them as a maturity option.

Hattie627

Bigwheels1111 said:

Just got my maturity options from Principality for the 6 month reg saver 2.

It's let me open a second issue 3. Great.

Now just got to wait 6 weeks or so and see if my other issue 2 can be moved into an issue 3.

Same here, forthcoming maturity of Issue 2 on 5 June. Maturity options open online as of today. I've asked to rollover £200 to yet another 6 Month RS Issue 3. This will be my fourth Issue 3. This can't be a mistake by PBS, surely. Must be an intended action to allow multiple Issue 3's. 

rallycurve

Hattie627 said:

Bigwheels1111 said:

Just got my maturity options from Principality for the 6 month reg saver 2.

It's let me open a second issue 3. Great.

Now just got to wait 6 weeks or so and see if my other issue 2 can be moved into an issue 3.

Same here, forthcoming maturity of Issue 2 on 5 June. Maturity options open online as of today. I've asked to rollover £200 to yet another 6 Month RS Issue 3. This will be my fourth Issue 3. This can't be a mistake by PBS, surely. Must be an intended action to allow multiple Issue 3's. 

I see it as a loyalty gesture 😜 

Speculator

newcastle regular saver 5.25%  from 5/6

https://newcastle.co.uk/savings/manage-your-savings-account/interest-rates

PloughmansLunch

Hattie627 said:

Bigwheels1111 said:

Just got my maturity options from Principality for the 6 month reg saver 2.

It's let me open a second issue 3. Great.

Now just got to wait 6 weeks or so and see if my other issue 2 can be moved into an issue 3.

Same here, forthcoming maturity of Issue 2 on 5 June. Maturity options open online as of today. I've asked to rollover £200 to yet another 6 Month RS Issue 3. This will be my fourth Issue 3. This can't be a mistake by PBS, surely. Must be an intended action to allow multiple Issue 3's. 

Did you have to send them a message, or was it showing for you online? Mine also matures 5th June and I had a letter this morning which had a 6month issue 3 info leaflet with it, but if I login I only have fixed rate bonds or the normal RS as options

Hattie627

PloughmansLunch said:

Hattie627 said:

Bigwheels1111 said:

Just got my maturity options from Principality for the 6 month reg saver 2.

It's let me open a second issue 3. Great.

Now just got to wait 6 weeks or so and see if my other issue 2 can be moved into an issue 3.

Same here, forthcoming maturity of Issue 2 on 5 June. Maturity options open online as of today. I've asked to rollover £200 to yet another 6 Month RS Issue 3. This will be my fourth Issue 3. This can't be a mistake by PBS, surely. Must be an intended action to allow multiple Issue 3's. 

Did you have to send them a message, or was it showing for you online? Mine also matures 5th June and I had a letter this morning which had a 6month issue 3 info leaflet with it, but if I login I only have fixed rate bonds or the normal RS as options

Was showing online. There is a list of fixed rate bond offerings, which you can move your full maturing balance into, then another list of accounts into which you can move part of your maturing balance. One of the choices on the second list is the RS Issue 3. Select that as your maturity option, then it will ask you to enter how much you want to rollover to the new account (enter £200), then it will ask where you want the rest of the maturing balance to go/