The Top Regular Savers Discussion Thread

clairec666

mebu60 said:

Principality 6 Month RS 7.5% AER / 7.36% gross

Apologies if already mentioned, I've only skimmed back two pages. 

My existing 6 Month RS 8.0% matures 3 September. About to find out if can have 6 Month RSs (plus Christmas RS 7.0%). 

You should be able to get the 7.5% account (which is issue 3) as your 8% account was a previous issue. You can have one of each issue.

Hattie627

mebu60 said:

Principality 6 Month RS 7.5% AER / 7.36% gross

Apologies if already mentioned, I've only skimmed back two pages. 

My existing 6 Month RS 8.0% matures 3 September. About to find out if can have 6 Month RSs (plus Christmas RS 7.0%). 

If maturity date not until 3 September, you wont get maturity options for another month. Do you mean maturity date is 3 August?

allegro120

clairec666 said:

mebu60 said:

Principality 6 Month RS 7.5% AER / 7.36% gross

Apologies if already mentioned, I've only skimmed back two pages. 

My existing 6 Month RS 8.0% matures 3 September. About to find out if can have 6 Month RSs (plus Christmas RS 7.0%). 

You should be able to get the 7.5% account (which is issue 3) as your 8% account was a previous issue. You can have one of each issue.

You can have as many as you can get of each issue.  I have four issue 3 accounts.

clairec666

allegro120 said:

clairec666 said:

mebu60 said:

Principality 6 Month RS 7.5% AER / 7.36% gross

Apologies if already mentioned, I've only skimmed back two pages. 

My existing 6 Month RS 8.0% matures 3 September. About to find out if can have 6 Month RSs (plus Christmas RS 7.0%). 

You should be able to get the 7.5% account (which is issue 3) as your 8% account was a previous issue. You can have one of each issue.

You can have as many as you can get of each issue.  I have four issue 3 accounts.

Well, yes, I was going to mention that but it involves building up different issue accounts over time and hoping things go smoothly when they mature!

You can manually open the current issue (3) as long as you don't already have an issue 3.

mebu60

Hattie627 said:

mebu60 said:

Principality 6 Month RS 7.5% AER / 7.36% gross

Apologies if already mentioned, I've only skimmed back two pages. 

My existing 6 Month RS 8.0% matures 3 September. About to find out if can have 6 Month RSs (plus Christmas RS 7.0%). 

If maturity date not until 3 September, you wont get maturity options for another month. Do you mean maturity date is 3 August?

Nope, maturity date is 3 September, Issue 2. Expect they'll be writing to me about that in a couple of weeks or so. 

This new 6 Month RS is Issue 3. As @clairec666 says, you can have one of each issue. Which I now have. Will fund tomorrow in case it's an overnight job for CoP. 

Was an email promoting Christmas savings. Bit odd as won't mature til the new year. Not to mention Christmas RS already in place.

allegro120

Bob2000 said:

Bobblehat said:

Bob2000 said:

allegro120 said:

Bigwheels1111 said:

Bob2000 said:

Bigwheels1111 said:

Bob2000 said:

Quick question.  I have a first direct  regular saver, which had its last deposit  on the 29th, but was taken on the 30th. Can anybody tell me when it will be matured and interest added?

It is hit and miss.

The fastest way is to keep the savings account they opened last year active. If you had a reg saver with them last year.

For me in that situation this year my savings and interest were in the account next day.

As soon as the reg saver vanished I applied for a new one, Took 3/4 day.

If you do not have the old savings account open, 3/5 days is the average wait for your money.

Or call and ask for it today, they will move it and give access.

Ok, thank you for the information.
I opened a saving account  with them in Feb, and it currently  has £1 in it. Would they use that to transfer the RS into?

No, It is called, Savings account @ 1.35% interest rate.

They open it not you. I just left £0.01p in it last year.

They don't open it for you if you already have one.  Mine was opened over 20 years ago and all my matured FD RSs were transferred there since.
Also there's no minimum balance for FD savings account so it's not necessary to keep any money there.

So the one l already opened earlier this year at 1.35% should get the RS funds transferred  across when they are ready?

You may already know this, but the rate drops on 21st July to 1.30% AER/ 1.29% Gross. Not a big problem if like me you shift the funds out elsewhere asap!

I didn't know that so thank you.

But it was only opened to receive  the regular saver funds anyway. Was hoping it would  have speeded up the process  but doesn't look like it.

My last renewal materialised on the same day.  Cash was transferred to savings account on the maturity day and I was able to open and fund my new RS straight away.  No phone calls, no tricks and all done in one sitting.  

clairec666

mebu60 said:

Nope, maturity date is 3 September, Issue 2. Expect they'll be writing to me about that in a couple of weeks or so.

Just looked back over my records - I had a previous issue that matured on 14th March, I received an email with maturity instructions on 7th March. So don't get too excited yet!

mebu60

clairec666 said:

mebu60 said:

Nope, maturity date is 3 September, Issue 2. Expect they'll be writing to me about that in a couple of weeks or so.

Just looked back over my records - I had a previous issue that matured on 14th March, I received an email with maturity instructions on 7th March. So don't get too excited yet!

Thanks, I'll do my best to keep my excitement in check :-) 

Stolas

allegro120 said:

clairec666 said:

mebu60 said:

Principality 6 Month RS 7.5% AER / 7.36% gross

Apologies if already mentioned, I've only skimmed back two pages. 

My existing 6 Month RS 8.0% matures 3 September. About to find out if can have 6 Month RSs (plus Christmas RS 7.0%). 

You should be able to get the 7.5% account (which is issue 3) as your 8% account was a previous issue. You can have one of each issue.

You can have as many as you can get of each issue.  I have four issue 3 accounts.

How exactly do you manage this - do you simply open multiple accounts and hope they don’t notice? 

The terms seem pretty clear “This can be a joint account, but you can’t have more than one of this issue number of the Regular Saver in your name.” 

Kim_13

clairec666 said:

allegro120 said:

clairec666 said:

mebu60 said:

Principality 6 Month RS 7.5% AER / 7.36% gross

Apologies if already mentioned, I've only skimmed back two pages. 

My existing 6 Month RS 8.0% matures 3 September. About to find out if can have 6 Month RSs (plus Christmas RS 7.0%). 

You should be able to get the 7.5% account (which is issue 3) as your 8% account was a previous issue. You can have one of each issue.

You can have as many as you can get of each issue.  I have four issue 3 accounts.

Well, yes, I was going to mention that but it involves building up different issue accounts over time and hoping things go smoothly when they mature!

You can manually open the current issue (3) as long as you don't already have an issue 3.

This. I held an Issue 2 until it matured in June, and manually opened an Issue 3 in March, so was funding both for several months. I also have the 7% Christmas RS. This is all within the terms and conditions.

If you wait for maturity to select it, it may be that a 6 Month RS isn’t available at all or has become an Issue 4 at a lower rate.