The Top Regular Savers Discussion Thread

allegro120

janusdesign said:

Digital_Payback said:

Aidanmc said:

Digital_Payback said:

clairec666 said:

surreysaver said:

homestraight said:

Bridlington1 said:

clairec666 said:

Bridlington1 said:

Principality BS 6 Month Regular Saver (Issue 3) at 7.5% to go NLA within hours.

Replaced by Issue 4 at the same rate.

Nice on Principality - I was expecting them to cut the rate. I'm assuming it's still fixed rate? Moneyfactscompare doesn't say, and Principality's website is still showing the issue 3.

It's fixed, I opened and fully funded it shortly after midnight and this shows in online banking

Hi

Do you have a direct link please? I'm still getting issue 3 showing when I try to apply and an application is refused

Thanks

https://online.principality.co.uk/OriginationsUI/Step1?ProductCode=6086&ProductType=RegularSaver

Just went to the application for the Issue 3 and changed the 6084 to 6086 in the address bar

Hah, you beat me to it. If you edit the product code you can access accounts which aren't advertised on the website yet.

Managed to open the issue 4 easily enough, but now, wanting to fund it, Starling won’t recognise my account reference as valid. 

Maybe I just need to wait!

Think it takes up to 24hrs in some cases. I continued with the transaction from Halifax even though the reference wasn't recognised. Triple checked it though!

Just funded £1 to the new Principality 6 month reg. saver, until COP is recognised. 

I find it easier to keep an EA account (with £1 balance) with them for these purposes - I can move £200 to it now, wait for it to appear in the EA account and then internally move it to the new RS later today... and then come Monday when I do the RS deposits, the new account should pass CoP.

I did toy with waiting until my next RS3 matures on the 13th and using this RS4 as the upgrade path - but easier to bite the bullet and open a new account... worst case, I only end up with this one account... best case, the other 3 x RS3 can be matured into 3 x RS4 (member of staff permitting).

I've ignored CoP, sent £200 at 11:45, money arrived before 12:30.  Can't go wrong if copy/paste the account and reference number.

I agree - no point waiting for maturity of another account.  It's better to maximise chances for multiple issue 4 and also get £200 working at @7.5% sooner rather than later.  My nearest Principality maturity is on 13th Sept, so in theory I should be able to apply for the second issue 4 tomorrow or Saturday (can't remember if it's 14 or 15 days prior to maturity).

gambleruk

This is probably me being simple but with both Principality and Monmouthshire I have set up two different regular savers but when I try to fund the second one through my Natwest account it refers back to my first account as it is in my saved payee's and tells me I have to delete the first one to fund the second one ? Is there a way to have both set up with the different reference numbers ?

JamesRobinson48

chris_the_bee said:

Principality 6 month RS
Assuming account numbers are allocated sequentially, 2021 accounts were opened in 10 minutes. £404,200 per month, £2,425,200 per 6 months.....and counting!

Are you allowing for the fact that the final digit of the account number is likely to be what's called a 'check digit'?  If you are not allowing for that, then I imagine a more realistic figure would be 202 new accounts opened in ten minutes.

flaneurs_lobster

gambleruk said:

This is probably me being simple but with both Principality and Monmouthshire I have set up two different regular savers but when I try to fund the second one through my Natwest account it refers back to my first account as it is in my saved payee's and tells me I have to delete the first one to fund the second one ? Is there a way to have both set up with the different reference numbers ?

With NatWest/RBS - no.

Do you have another current account you can use (if not, why not)?

I use FirstDirect and Chase to fund these multiple same account/different reference savers, I'm sure other accounts allow it too.

anna42hmr

gambleruk said:

This is probably me being simple but with both Principality and Monmouthshire I have set up two different regular savers but when I try to fund the second one through my Natwest account it refers back to my first account as it is in my saved payee's and tells me I have to delete the first one to fund the second one ? Is there a way to have both set up with the different reference numbers ?

unfortunately not if using only Natwest (or indeed RBS)  as their accounts will only allow one payee with the same account number and sort code regardless if the reference number differs.  I would set up a standing order from an alternative current account if you have one.  

schiff

Hattie627 said:

WillPS said:

2 x MonBS Branch Saver applications submitted, in hope. Popped a first class label on in an attempt to get ahead of the masses of Freepost envelopes winging their way to Newport...

Posted mine today with second class stamp. Didn't realise there was a Freepost address. Mine will probably not reach Newport until next week, takes a snail a long time to crawl from Scotland to Wales. Hope I'm not too late. I put a cheque in with the application form, on the basis that it might be tougher for MonBS to reject an application with a cheque than one without (clutching at straws, I know!)

Trying to print a copy of the application form via the one link that has been posted so far is beyond my technical capabilities. Do you have a normal straightforward link? I'm not too bothered about getting a first deposit in this month. TIA

fonesaver

gambleruk said:

This is probably me being simple but with both Principality and Monmouthshire I have set up two different regular savers but when I try to fund the second one through my Natwest account it refers back to my first account as it is in my saved payee's and tells me I have to delete the first one to fund the second one ? Is there a way to have both set up with the different reference numbers ?

NatWest only allow one payee with the same Account no./ Sort code combination. So you have change the reference no every time. I complained about this 10 years ago but they have never changed the system. Also applies to RBS and Ulster bank.

chris_the_bee

gambleruk said:

This is probably me being simple but with both Principality and Monmouthshire I have set up two different regular savers but when I try to fund the second one through my Natwest account it refers back to my first account as it is in my saved payee's and tells me I have to delete the first one to fund the second one ? Is there a way to have both set up with the different reference numbers ?

No, a pain but there you go. With Principality, I opened an instant access account with them. I then transfer the sum of all my Principality RS to that, wait a few hours, then do internal transfers to my all my RS accounts. Much quicker than deleting & entering new account details in NatWest.

Kim_13

flaneurs_lobster said:

gambleruk said:

This is probably me being simple but with both Principality and Monmouthshire I have set up two different regular savers but when I try to fund the second one through my Natwest account it refers back to my first account as it is in my saved payee's and tells me I have to delete the first one to fund the second one ? Is there a way to have both set up with the different reference numbers ?

With NatWest/RBS - no.

Do you have another current account you can use (if not, why not)?

I use FirstDirect and Chase to fund these multiple same account/different reference savers, I'm sure other accounts allow it too.

Nationwide is the best of them, as they are set up as entirely different payees with the nickname field allowing for easy differentiation between them.

With Chase I’ve ended up with both of two payees (Skipton RS and Skipton MBS) but having to select the payee to see the reference and work out which account it is (once ending in a mistake and the accidental overfunding of the RS and a wait for the payment to be sent back) and also the later account overriding the reference on the first so that it disappears. Still an improvement compared to NatWest through, as Chase are prepared to allow you to enter a different reference without forcing you to delete the whole payee and start again.

clairec666

gambleruk said:

This is probably me being simple but with both Principality and Monmouthshire I have set up two different regular savers but when I try to fund the second one through my Natwest account it refers back to my first account as it is in my saved payee's and tells me I have to delete the first one to fund the second one ? Is there a way to have both set up with the different reference numbers ?

I had this problem with NatWest. They let you set up two separate standing orders to different Principality accounts, but only one saved payee. Nationwide let me save them as separate payees.