The Top Regular Savers Discussion Thread

fuzzzzy

pecunianonolet said:

fuzzzzy 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. 

I got a maturity letter through the post yesterday and it only offered maturity options of fixed rate bonds or said if they did not hear from me it would go into an easy access paying 2.9%, soon to drop to 2.65%. So I went online and just asked for the whole balance to be moved to my nominated account. I did not think to look through the maturity options they were offering online as I assumed they would just be same as the paper ones.  Kicking myself now. Just been online to see if I can change the maturity options but there does not seem to be a way to change it.

Edit: Actually just re-read the maturity options letter and there was an option to open a new regular saver bond that I completely missed. Just phoned them and got them to change the maturity instructions to open a new regular saver.

So is it possible to have more than one of these 6 month regular savers? I can see the t&c say only one issue allowed but if I was to open an Issue 3 before 4 June would I get away with it because my maturity instructions for issue 2 are now set to roll into an Issue 3 on 4 June.

Most likely would you get away with it. I would open the regular saver on the 3rd in the evening after business hours and most likely you get a second issue 3 reg saver opened the following day in the morning and funds transferred into your nominal bank account and should be able to just fund both there and then.

If I'd known there was an Issue 3 available I probably would have had one open already but unfortunately I haven't really been keeping up to date with this thread.

where_are_we

Principality  - My RS34 matures before the end of May and maturity instructions to open a new 6 Month RS3 has been approved. Likewise my 6 Month RS2 matures at the beginning of June and maturity instructions to open a new 6 Month RS3 has been approved. If it does happen that will make 3 x 6 Month RS3 in all. Fingers crossed!

I also opened a new RS bond 36 @4.85% fixed with a £1 opening deposit. You can have one of each issue. Minimum balance for this account is £1 and monthly contibutions are not compulsory. I might leave it semi-dormant for a year with £1 balance in case there is a similar maturity option (as the present maturity option) in a years time.

Aidanmc

Re Principality 6M RS Issue maturity on 5 June.

I'm not quite up to speed with the options.

The last option below - Take out all your money and open a new RS Bond?

What happens if i choose this?

Does it open a 1yr RS Bond Issue 36 @ 4.85%, put £250 there and send remainder to nominated account.

where_are_we

Aidanmc - Principality - The best maturity option I got for a similar date on my maturing 6 Month RS2 was to open a 6 Month RS3 @7.5%, pay in £200 deposit and receive the balance plus interest to my nominated account. This was a couple of days ago. Have you not got this option?

Aidanmc

where_are_we said:

Aidanmc - Principality - The best maturity option I got for a similar date on my maturing 6 Month RS2 was to open a 6 Month RS3 @7.5%, pay in £200 deposit and receive the balance plus interest to my nominated account. This was a couple of days ago. Have you not got this option?

I already have a 6M RS Issue 3

AndyTh_2

Aidanmc said:

Re Principality 6M RS Issue maturity on 5 June.

I'm not quite up to speed with the options.

The last option below - Take out all your money and open a new RS Bond?

What happens if i choose this?

Does it open a 1yr RS Bond Issue 36 @ 4.85%, put £250 there and send remainder to nominated account.

It asks you a further question of how much of your balance should be kept in (max £200, not £250), and where you want the rest sent to, which can be another principality account of yours or another bank in your name (not specifically nominated account limited)

and says interest not included but will be sent to that chosen place for the rest.

ThePirates

where_are_we said:

I also opened a new RS bond 36 @4.85% fixed with a £1 opening deposit. You can have one of each issue. Minimum balance for this account is £1 and monthly contributions are not compulsory. I might leave it semi-dormant for a year with £1 balance in case there is a similar maturity option (as the present maturity option) in a years time.

Great idea! 

Just opened a 1 year triple access too!

Aidanmc

AndyTh_2 said:

Aidanmc said:

Re Principality 6M RS Issue maturity on 5 June.

I'm not quite up to speed with the options.

The last option below - Take out all your money and open a new RS Bond?

What happens if i choose this?

Does it open a 1yr RS Bond Issue 36 @ 4.85%, put £250 there and send remainder to nominated account.

It asks you a further question of how much of your balance should be kept in (max £200, not £250), and where you want the rest sent to, which can be another principality account of yours or another bank in your name (not specifically nominated account limited)

and says interest not included but will be sent to that chosen place for the rest.

ok, it probably would be £200 if 6m RS option was there.

But i only seem to have RS Bond option what i think is a 12 month account, £250 per month max.

At the moment i have 6m RS Issue 2 Maturing on 5 June, 6M RS Issue 3 maturing September.

Dont think i can have any more 6M RS accounts, just RS bond

gt94sss2

Aidanmc said:

Re Principality 6M RS Issue maturity on 5 June.

I'm not quite up to speed with the options.

The last option below - Take out all your money and open a new RS Bond?

What happens if i choose this?

Does it open a 1yr RS Bond Issue 36 @ 4.85%, put £250 there and send remainder to nominated account.

Try option 2 instead of the last one.

mhoc

Following on from 3 maturity letters that arrived from the Principality at the weekend 3 more arrived today - 6 month savers issue 1 and 2 and regular saver issue 34 - six accounts between the two of us. 
Confirmation letters regarding the weekend ones and also confirmed on the accounts.
I think in the excitement of getting 7.85% six months ago I don't think we contemplated that we would also be doing multiple sets of maturity instructions and alterations to standing orders 6 months later!
To be repeated all over again in the run up to Christmas!
As some of these mature on June 5th I suspect I've set up the standing orders to go through on June 1st (actually the 2nd because of the bank holiday) but Principality will bounce any extra £200 payments back in due course. 

Does anyone find the Principality website a nightmare for freezing and being unable to move back to the accounts page? Also randomly logging out as its detected no movements because the page has frozen. I often have to re log in 3 or 4 times - working on the main computer, wifi speed is good and only have issues with this website.