The Top Regular Savers Discussion Thread

Kim_13

Money_Grabber13579 said:

My second principality account has matured and it was also blocked from maturing into a 2nd regular saver account (but not by the same person who was mentioned here previously). So looks like that opportunity might be coming to an end.

I received my letter yesterday for a maturity on the 21st. Being a bit short of cash this month it works for me to just get it all paid out, then any future issue can hopefully get a better date (this was my Issue 1 originally so both that and now Issue 2 have matured on a non-working day, and it wouldn’t be a working day until December 2026 if continually renewed.) Better to take the money and utilise allowances where I know the rate will be honoured rather than leaving cash needing to be redistributed later, I think.

allegro120

Kim_13 said:

Money_Grabber13579 said:

My second principality account has matured and it was also blocked from maturing into a 2nd regular saver account (but not by the same person who was mentioned here previously). So looks like that opportunity might be coming to an end.

I received my letter yesterday for a maturity on the 21st. Being a bit short of cash this month it works for me to just get it all paid out, then any future issue can hopefully get a better date (this was my Issue 1 originally so both that and now Issue 2 have matured on a non-working day, and it wouldn’t be a working day until December 2026 if continually renewed.) Better to take the money and utilise allowances where I know the rate will be honoured rather than leaving cash needing to be redistributed later, I think.

There might be no future issue, we don't know.  You can mature into issue 3 whilst available, put £1 in it and you don't have to fund it any further, but it will be there for you if you need it.  
Weekends.  In my experience funds matured at weekend always arrive to my bank account on the same day.

cheekyweegit

I'm another with 3 Principality Issue 3 accounts now, Started off with Issue 1 which matured last Month to an Issue 3, with everything being said on here I didn't expect my Issue 2 to be matures into another Issue 3, but I've had confirmation in the post that it's going ahead and should happen on the 10th.  I'll wait with baited breath.

My original issue still has 3 months to run so that will be end of September before I know what will happen with that.  I quite like the 6 months savings, handy if you are saving up for something in the not to distant future and don't want to commit for too long.

Now this £50 refer a friend one, if only we had a thread for referrals for this and also should I open a Skipton a/c with just £1 in it and wait patiently for their next offer?  They seem to be popular and with a good reputations.

PS thanks to all who post in here / the savings board.  I've learned so much but could very probably do better.

Next on the list to start looking for is a replacement for my chip ISA when the bonus runs out next month, but boy did the transfer from Zopa to Chip take seemingly for ever (23 days - not all working days).

Kim_13

cheekyweegit said:

I'm another with 3 Principality Issue 3 accounts now, Started off with Issue 1 which matured last Month to an Issue 3, with everything being said on here I didn't expect my Issue 2 to be matures into another Issue 3, but I've had confirmation in the post that it's going ahead and should happen on the 10th.  I'll wait with baited breath.

My original issue still has 3 months to run so that will be end of September before I know what will happen with that.  I quite like the 6 months savings, handy if you are saving up for something in the not to distant future and don't want to commit for too long.

Now this £50 refer a friend one, if only we had a thread for referrals for this and also should I open a Skipton a/c with just £1 in it and wait patiently for their next offer?  They seem to be popular and with a good reputations.

PS thanks to all who post in here / the savings board.  I've learned so much but could very probably do better.

Next on the list to start looking for is a replacement for my chip ISA when the bonus runs out next month, but boy did the transfer from Zopa to Chip take seemingly for ever (23 days - not all working days).

The Refer a Friend offer was Saffron - but as their only best buy account other than that is Members’ Month, it’s likely a 2 year wait before £1 pays dividends - if they continue offering these accounts, the cut off date seems to be having been a member on 1 June of the previous year. By putting £1 in, you also make yourself ineligible for the Refer a Friend account should you subsequently find someone qualified to refer you.

£1 with Skipton is a very good idea - their cut off dates have form for being 1 day before the launch of a Member Exclusive account. 

In case it wasn’t clear from my previous post, I already have a Principality Issue 3 maxed out to date. It was not attempting to exploit the loophole that I am toying with. I also have experience of funds arriving on a weekend, but the fact that it is a weekend prevents onward distribution (if not at the current account end, then a number of providers treating non-working day deposits as received the next working day - including Skipton Member Bonus Saver, where the monies will be heading ready to fund Regular Savers going forward.)

allegro120

cheekyweegit said:

I'm another with 3 Principality Issue 3 accounts now, Started off with Issue 1 which matured last Month to an Issue 3, with everything being said on here I didn't expect my Issue 2 to be matures into another Issue 3, but I've had confirmation in the post that it's going ahead and should happen on the 10th.  I'll wait with baited breath.

My original issue still has 3 months to run so that will be end of September before I know what will happen with that.  I quite like the 6 months savings, handy if you are saving up for something in the not to distant future and don't want to commit for too long.

Now this £50 refer a friend one, if only we had a thread for referrals for this and also should I open a Skipton a/c with just £1 in it and wait patiently for their next offer?  They seem to be popular and with a good reputations.

PS thanks to all who post in here / the savings board.  I've learned so much but could very probably do better.

Next on the list to start looking for is a replacement for my chip ISA when the bonus runs out next month, but boy did the transfer from Zopa to Chip take seemingly for ever (23 days - not all working days).

Principality 6 month RS
I have four issue 3 accounts now.  Don't know whether it's a loophole or intentional, but £800 p/m at 7.5% is good.
Skipton
It's worth opening an account with £1.  I did it when I've missed their first member/loyalty RS.  It made me qualified for the next one and once you are in it is very easy to open new accounts with Skipton.
ISAs 
Transfers seem to be erratic across the board this financial year. Most of mine failed, some went through and only one was quick (3 working days).  

poolboy

I have multiple principality regular savers, issue 2 and 3.  I think it's the maturity optioned ones that are allowed, ie, the application passes their policing algorithm.  Their tip to open an easy access and use this to distribute to multiple reg savers is a winner.  I ve never had need to contact principality, they ve been very generous with their products and deserve the business they ve picked up.

ThePirates

Looking to open a Chorley BS account to get a membership incase of a good future account.

All the easy access want £500+ initial deposit. 

The Regular Saver needs a minimum £25 and then says "Our Regular Saver allows deposits from £25 to £400 per month.  Partial withdrawals are not allowed but you can close the account within the 12 month fixed period." 

Does that mean I can open with £25 and then each month has to be at least £25, so I could not put anything else in or is it a minimum of £25 each month?

Bridlington1

ThePirates said:

Looking to open a Chorley BS account to get a membership incase of a good future account.

All the easy access want £500+ initial deposit. 

The Regular Saver needs a minimum £25 and then says "Our Regular Saver allows deposits from £25 to £400 per month.  Partial withdrawals are not allowed but you can close the account within the 12 month fixed period." 

Does that mean I can open with £25 and then each month has to be at least £25, so I could not put anything else in or is it a minimum of £25 each month?

Their notice accounts allow you to open with £1 so you could open one of these with £1 if you just wanted to keep a foot in the door.

As for the Chorley BS RS you can skip months if you wish so you could just deposit £25 and leave it there.

ordnancesurvey84

WillPS said:

First Direct is the only one to enforce payment by standing order/from linked current account AIUI.

Santander and Zopa don't provide BACS details so you can only internally transfer.

HSBC, LBG and maybe some others state that it should/must be but actually don't care how the money gets to them.

In fact it is actually possible to make deposits directly into the Santander Regular Saver by using
Sort code: (Removed by Forum Team)
Account number: (Removed by Forum Team)
Reference: your regular saver account number (mine starts with R and is followed by eight digits)

ForumUser7

Progressive BS

Anyone closed the RS before the end of the term? If so, how long from closure was the transaction processed and the funds in your account please? Is it a same day affair, next working day, same working day etc. Thanks