The Top Regular Savers Discussion Thread

s71hj

Got my Principality maturity stuff by post as did my wife. Both included literature about RS 4 but that was not included in the tick boxes as an option

Kim_13

clairec666 said:

Kim_13 said:

janusdesign said:

youngretired said:

I've got a Coventry Sunny Day Saver maturing on the 6th and a Yorkshire Loyalty Saver maturing on the 10th. I haven't received any instructions or messages about maturity instructions. Has anyone else that have these maturing soon, received anything? My post doesn't seem to be getting delivered again regularly.

I received a letter from Coventry BS, dated 4th August, that the SDS would be closed on 31st August and the balance transferred to an Easy Access Saver (7) (2.40%) account - from which the balance can be withdrawn at any time.

I don't have the YBS Loyalty Saver, though their £50 RS matures for me on the 10th - i've heard nothing from them about it yet - email or letter - although the account terms pdf states that it converts to an EA account and they would send full details of this account at least 14 days before maturity.. so I guess something should arrive any day now... possibly similar for the Loyalty Saver too.

I had mine by email earlier this week for a maturity the same day. Nothing indicated about a replacement, just advising to log in and check details were up to date so that funds could be accessed quickly on maturity. 

Is that Coventry or YBS you're referring too? Coventry sent me a whole chunk of information by post, despite all my paperless settings being set to "online". Felt like a big waste of paper.

YBS, as the poster had received their Coventry info.

I also had the Coventry waste of paper and expect more once the SDS matures and the converted account is closed.

fergie_

I managed to open both Monmouthshire accounts in the app last week and firstly funded RS with £1 and then the exclusive RS with £1000. Assuming everything is ok, I'll then keep funding it at the start of each month.

A tip here for the building society accounts, that use other banks to receive payments, is to use a Nationwide current account as this now allows for account 'nicknames' as well as references.

My plan this year was to earn 1k to 1.5k in RS interest, but I'm now expecting to breach the Basic Rate threshold so I'm now having to alter strategies while also contemplating making additional pension contributions. Getting the sums wrong would cost £200 + an additional 20% interest. I now see why lower rate ISAs are attractive to a lot of people.

With the dropping interest rates, I'm now thinking to fully fund the Exclusive RS and then overpaying the mortgage becomes more attractive.

janusd

janusdesign said:

surreysaver said:

gt94sss2 said:

For those who have a Principality Account maturing on the 13/09/25, the maturity options are now showing on their website.

The choices include the new Issue 4 of their 6 month RS.

Maturity instructions submitted. Let's see how many Issue 4s I can accrue!

same here - though I noticed the link that opens the account terms pdf fails (as it did originally when I opened one a couple of days ago - they fixed that link, but not this one)... it just occurred to me that I haven't received anything about this maturity in the post yet - pretty sure last time, I got the letter weeks before the maturity options were available online.

also, if anyone gets the dreaded secure message, from the unidentified member of staff, rejecting multiple Issue 4 accounts, then you should still be able to call them and do it over the phone without any hassle.

it seems that the unidentifiable member of the digital team staff works on a Saturday morning - I received a secure message about 20 minutes after submitting the maturity options via the choices within the maturing product.

Hello

Thank you for your secure message.

Regrettably we are unable to complete your maturity instructions as you already hold the 6 Month Regular Saver issue 4.

As stated in the terms and conditions for this account you are only able to hold one account of the same issue. Please confirm how you would like to proceed. 

no problem I thought, i'll just give them a call - spoke to a nice lady with a lovely Welsh accent, requested £200 into a new RS4 and the rest of the balance into an Easy Access account with them (as I have previously)... she checks my account.... "oh i'm sorry", she says, "you seem to already have an Issue 4 and you can only have one of these accounts"... then she jokes, "how have you managed to get 3 x Issue 3 accounts?" - I explained they were maturity options for previous accounts and she says "i'm surprised we haven't closed them down!"...  in the end, I just requested the entire balance to go to the EA account.

so perhaps there has been some staff training and they, or at least some of them, are now on the ball with regards to this... or i've just been unlucky.

next maturity options for me are in 6 weeks time - perhaps if I get postal maturity details for that account, i'll apply the maturity choice by post - but I don't see online or telephone options as viable now (or at least pot luck as to who you get dealing with it).

Chaykin

Oh dear... With Principality I currently got 3x Issue 3 RSs and 1x, recently opened, Issue 4. One of the RS3 matures on the 13/09 like a lot of other Forumites here. Not got any letters through the post about maturity options yet but I guess one is likely to pop through the door soon. They do give RS4 as an option online but might wait with submitting my instructions until nearer the time to try and slip through the net - and they-who-must-not-be-named member of staff.

RosieRooBear

Principality 6mth R/S
I gave my instructions too this morning, no dreaded email yet though 🤞. Maybe a work around if a member of staff doesn’t allow the maturity instructions to go through, is to close the R/S 4 which most of us would have already opened, give updated maturity instructions for a R/S 4, and then open a new R/S 4 manually just before the old R/S 3 matures 🤷🏼‍♀️

poshrule_uk

allegro120 said:

poshrule_uk said:

I have only just seen there is a new Principality 6 month account.

If I open now or tomorrow will my funds be credited before the end of the month or will they go in Monday?

From t&c - "if sent on a non-business day (e.g., weekend or holiday), they’ll be processed on the next business day.  However, I've made weekend deposits for many years and they always arrived on the day.  So if you open and fund tomorrow your deposit should count towards this month.   

jaypers said:

poshrule_uk said:

I have only just seen there is a new Principality 6 month account.

If I open now or tomorrow will my funds be credited before the end of the month or will they go in Monday?

Principality payments in usually show within 2 hours regardless of weekday or weekend. I’ve often paid in on a weekend and it always goes in same day. Processed by Barclays and pretty sure they run a sweep every 2 hours to pick up the payments. 

Thanks both. One opened for me and the other for my wife!

schiff

I've got 8 Princky RSs maturing in a period of one month shortly, so I may be setting the world record! 

Bridlington1

schiff said:

I've got 8 Princky RSs maturing in a period of one month shortly, so I may be setting the world record! 

You've beaten me then, my maturities seem to've ended up a a bit more spread out.

clairec666

RosieRooBear said:

Principality 6mth R/S
I gave my instructions too this morning, no dreaded email yet though 🤞. Maybe a work around if a member of staff doesn’t allow the maturity instructions to go through, is to close the R/S 4 which most of us would have already opened, give updated maturity instructions for a R/S 4, and then open a new R/S 4 manually just before the old R/S 3 matures 🤷🏼‍♀️

Ah, that sounds like it might work. I've got an issue 2 maturing in a couple of week, probably should have waited for maturity instructions etc. before opening issue 4, but inevitably got too excited by the new issue and snapped it up as soon as it was available.