The Top Regular Savers Discussion Thread

flaneurs_lobster

Bob2000 said:

Just some opinions, please.
I currently  have three issue 3's of the principality: 6-month regular savers, which all mature over the next three months.
My plan was to transfer all the funds over to my online bonus triple access (issue 7) and then let it sit until it matures. But with the issue 4 6 month RS being released, l'm not so sure now.

My reasons is later in the year/next year use the funds to fund the Monmouthshire app exclusive 7%

My rule of thumb is easy, hold your funds where they are making the highest return possible.

Thus the PrinBS RS issue 4 pays 7.5% and will hopefully be available as a maturity option for the issue 3s, more than the other options you quote.

masonic

s71hj said:

Monmouthshire building society app closed for maintenance again. Have they opened another amazing product we've all missed that has led to overload again!! 

Back online again now. My opening deposit made yesterday is showing as credited. I can now close down the app for the foreseeable.

roked

I popped into my local monmouthshire building society branch this afternoon expecting to queue's of people there trying to open up the new RS. There was no-one and I asked the guy there if many people had been in to open one and he said I was the first and he had been there all week 

They clearly need to employ people like @Bridlington1 (thank you again for your amazing efforts here!) to get their local marketing sorted 

Anyway I was happy in that I was done and dusted in 10 mins. It only took that long, as he was reading the T&Cs of the account and checking if I could have more than one of the RS (vs online version) and he commented on the conflicting info lol. He opened it though and I did not even have to give a deposit, he was good with me bank transferring it myself later.

Aidanmc

I can't join in the Monmouthshire party....NI residents excluded!
Can't think of any other bank/bs that has such an outright exclusion. 

Stolas

Aidanmc said:

I can't join in the Monmouthshire party....NI residents excluded!
Can't think of any other bank/bs that has such an outright exclusion. 

That really is quite annoying. 

friolento

seen a few but can't remember now which ones they were. I have a dim recollectionTesco was one of them.

There are also limitations the other way round: Danske Bank, for instance, does not admit people from England/Wales/Scotland.

OneUser1

Swansea Building Society savings accounts are for Wales residents only. Vernon Building Society are usually locals only but sometimes let anyone in. Cumberland Building Society are usually locals only. It’s annoying when a society offers a good regular saver but won’t let "foreigners" in… But there it is. 

Hattie627

friolento said:

seen a few but can't remember now which ones they were. I have a dim recollectionTesco was one of them.

There are also limitations the other way round: Danske Bank, for instance, does not admit people from England/Wales/Scotland.

I opened my Danske Bank reward current account by phone from mainland UK in July 2018 (before restriction to NI residents came in). I've been earning a nice £36 net per year (£3 net per month) since then for little effort. Keep thinking they will end/reduce the cash reward but it just keeps on going 

Sorry, off topic!

friolento

OneUser1 said:

Swansea Building Society savings accounts are for Wales residents only. Vernon Building Society are usually locals only but sometimes let anyone in. Cumberland Building Society are usually locals only. It’s annoying when a society offers a good regular saver but won’t let "foreigners" in… But there it is. 

That's right, there are many Regular Savers which are only available to people in the local postcode are of the Building Society. Living in the Southwest, I am excluded from most of them as they seem to be mainly be north or east of Watford 

Bigwheels1111

jameseonline said:

kermchem said:

I have a Principality 1 year regular saver bond due to mature tomorrow, and already set up to roll to a new 6 month regular saver (because the online form offered that as an option). This would have been my third issue 3 6 month saver. Presumably tomorrow I am going to get an issue 4. And if I open an issue 4 this afternoon?
I do hope that Principality can cope in 6 months with all those accounts opened on August 28, 29, 30 and 31 maturing on February 28th. 

We don't know if Principality have closed the maturity loophole that permits multiple 6 month from being opened but in theory you might be able to hold multiple issues 4's same as issue 3's etc, but yea apply normally for an issue 4 1st then try maturity options.

If you applied for an Issue 3 via maturity I'm guessing they have to honour it, you'll know more tomorrow I guess, have you tried applying for an issue 4 today?

My third issue 3 opened today, plus an issue 4.

My next one matures on the 30th Sep, so would hope for a second issue 4.