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The Top Regular Savers Discussion Thread

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  • schiff
    schiff Posts: 20,295 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    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
    fonesaver Posts: 292 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    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
    chris_the_bee Posts: 429 Forumite
    Third Anniversary 100 Posts Name Dropper
    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
    Kim_13 Posts: 3,508 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    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
    clairec666 Posts: 472 Forumite
    100 Posts Name Dropper
    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.
  • clairec666
    clairec666 Posts: 472 Forumite
    100 Posts Name Dropper
    Bemr said:
    Not wishing to stir up trouble for Principality, but....

    If you edit the value for ProductCode in the link, you can access earlier accounts which are no longer available. Looks like 6080 is issue 1 and 6083 is issue 2. Anyone bold enough to see if they can open one?
    They will close it after a few days and say that because the T&C’s weren’t available at the point of application you were not able to agree to them and so the application was invalid.
    Fair enough. I'm surprised they haven't sorted out their system so that people are prevented from even opening unavailable accounts in the first place, it would save them the hassle of weeding them out later.
  • chris_the_bee
    chris_the_bee Posts: 429 Forumite
    Third Anniversary 100 Posts Name Dropper
    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.
    No, I was not allowing for that.
  • Speculator
    Speculator Posts: 2,367 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Will probably close my Principality Healthy habits a few months early to help fund all these new regular savers.
  • jameseonline
    jameseonline Posts: 1,131 Forumite
    1,000 Posts First Anniversary Name Dropper
    Will probably close my Principality Healthy habits a few months early to help fund all these new regular savers.
    It's on my list to close, got like £900 in
  • jameseonline
    jameseonline Posts: 1,131 Forumite
    1,000 Posts First Anniversary Name Dropper
    Just got my Principality Issue 4, really quick to get while logged in.

    Hopefully the 1st of many Issue 4's 😏😉😁
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