The Top Regular Savers Discussion Thread

mattojgb

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%

Seems only a few weeks ago I was thinking about having to open regular savers paying less than 6%.
Then the Monmouthshire 7% accounts came along. I wasn't expecting that rate to be beaten and was considering opening the branch version as well. Those two accounts would have accounted for most of my spare savings.

Now the new Principality account beats the MonBS rate (and is fixed rather than variable - but only 6 months worth). This will be the first account to be funded. Of course it remains to be seen if maturing Principality RS3 accounts can be converted into RS 4 accounts. If that proves to be the case most of my spare savings will be going there.

It is possible that the MonBS accounts will end up almost like feeder accounts, with money from maturing accounts being paid in there before being paid out to the Principality accounts.

s71hj

Re Principality issue 4, I managed a payment this month. Is it worth trying for a 7th payment ie 1/2/26 bearing in mind end date of account is 28/2/26.

WillPS

My rule of thumb is that money goes wherever it'll earn most. If the rate of an account with existing funds falls below or is superseded by other accounts, then I'll stop funding it and if possible move funds to places they'll earn more.

As such, for the last few months the Natwest/RBS Digital Regular Savers have been raided bit by bit and are now almost empty, with the funds saved at 6% or greater. At one point I was strategically opening and minimally funding 5.x% savers but none of them were properly funded in the end. 

I suspect the MonBS 6% saver will in time become a feeder for the 7% savers too.

kermchem

Principality 12 month RS Bond matured this morning.

I had received postal advice about maturity a few weeks ago, and online. I was offered the usual maturity accounts, and a 6 month RS. I completed an online request to open a 6 month RS, which was issue 3 on sale at the time, and for the balance and interest to my current account. Principality acknowledged this by post, including the full account number, name and sort code for my current account 

Yesterday Issue 3 went off sale, Issue 4 arrived, I opened one and funded it.

Lo and behold, today 12 month bond has matured and a nice new 6 month issue 3 (THREE) has appeared. From past experience I can expect confirmation delivered by the postie next week. Balance and interest has appeared in current account, heading for MonBS.

Today is 29th August, and my new 6 month RS issue 3 account matures on 28/02/2026, not Saint David's Day.

Principality need to make less use of Royal Mail, and more of their secure messaging system, especially when account holder has given maturity instructions online. Saved postage can go into higher interest rates.

Hattie627

s71hj said:

Re Principality issue 4, I managed a payment this month. Is it worth trying for a 7th payment ie 1/2/26 bearing in mind end date of account is 28/2/26.

I also managed a payment yesterday into my new Issue 4. I have set the monthly SO to run from 1/09/25 to last payment on 2/01/26. The maximum balance is £1200, so a payment on 1st Feb is likely to be rejected. But you can give it a try,

Bobblehat

Bobblehat said:

Bob2000 said:

Basic question l know, but l funded the MonBS APP 7% RS at 7.50am this morning, but still no show in the app. How long does it generally take to show?

apt said:

Bob2000 said:

Basic question l know, but l funded the MonBS APP 7% RS at 7.50am this morning, but still no show in the app. How long does it generally take to show?

I've also sent money today and it isn't showing. Speed tends to be variable, but it should show tomorrow.

Mon CS said next day for showing deposits in the app and 2 days for showing deposits in the online system. I'll be testing these for the first time tomorrow for the £1000pm 7% app exclusive and the £500pm 6% Issue 8. And again on 1st Sept .... there goes another £3K frighteningly fast off to RS's! 

Update on Mon BS deposits ... spot on for me, app showed deposits the next day and online showed them a day later. I'm sure plenty on here will know this already, but just a bit of feedback for those interested!

janusd

s71hj said:

Re Principality issue 4, I managed a payment this month. Is it worth trying for a 7th payment ie 1/2/26 bearing in mind end date of account is 28/2/26.

you could try, but I doubt it would work.... I mean i've had £3,900 deposited and accepted in a £3,600 max RS account, but also read of plenty of others having such payments returned.

clairec666

kermchem said:

Principality need to make less use of Royal Mail, and more of their secure messaging system, especially when account holder has given maturity instructions online. Saved postage can go into higher interest rates.

Same for Coventry - yesterday they sent me a mass of information about my maturing Sunny Day Saver, including a hefty brochure about the easy access account that it's maturing into. Complete waste, as I'll just be withdrawing everything to fund other regular savers. Could have saved the paper as well as the postage 

s71hj

janusdesign said:

s71hj said:

Re Principality issue 4, I managed a payment this month. Is it worth trying for a 7th payment ie 1/2/26 bearing in mind end date of account is 28/2/26.

you could try, but I doubt it would work.... I mean i've had £3,900 deposited and accepted in a £3,600 max RS account, but also read of plenty of others having such payments returned.

Tbh I think I'll not risk rocking the boat. I have multiple issues of the same RS through product maturity with them so be best not to do anything that flags me for attention

clairec666

s71hj said:

janusdesign said:

s71hj said:

Re Principality issue 4, I managed a payment this month. Is it worth trying for a 7th payment ie 1/2/26 bearing in mind end date of account is 28/2/26.

you could try, but I doubt it would work.... I mean i've had £3,900 deposited and accepted in a £3,600 max RS account, but also read of plenty of others having such payments returned.

Tbh I think I'll not risk rocking the boat. I have multiple issues of the same RS through product maturity with them so be best not to do anything that flags me for attention

If you work out how much interest the extra £200 will generate in a month, compared to putting it in a lower-rate regular saver or even the top-paying easy access, you'll be even less inclined to take the risk.