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The Top Regular Savers Discussion Thread
Comments
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7
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masonic said:35har1old said:masonic said:Slinky said:Well that's odd. Having abandoned the login attempt without changing the password, when I went back to try and login again, the account page was already open without me changing the password. Feels a tad dodgy.0
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I've had a letter confirming my Principality RS 3 rollover to RS 4 even though I already have an RS 4. I did my request online on Sunday. Will do my wife's this coming Sunday in the hope that may be the reason it worked although I have to say my suspicion is more it's random chance.2
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Ch1ll1Phlakes said:Aidanmc said:Ch1ll1Phlakes said:s71hj said:Aidanmc said:s71hj said:Aidanmc said:s71hj said:Aidanmc said:Kim_13 said:surreysaver said:Speculator said:roked said:I closed my Coventry seasonal RS today due to the rate dropping below my threshold and wanted to use the funds for other RS's anyway. Surprised to see that I seem to have only got a two-week penalty on interest instead of a full month. Not complaining
Can't remember when Coventry sent out its notifications, but I think it was quite a while agoCoventry haven’t responded to my secure message sent before they opened yesterday, if they don’t answer soon I guess I will close the Loyalty Saver myself and then raise a complaint if a penalty is applied.
I closed mine last week also without penalty.
But the same terms should apply as the rate was reduced also.
Penalty free until 2nd October
But you can close it in online banking
You haven't reached a full nine months of holding the account so expected interest is lower than £48.62 and higher than £38.84 (as you've had the account at least eight months) so yes from what I see that sounds about right for penalty free.
Note: I don't have this account so I don't know when the rate reductions were and please let me know if I've used incorrect figures.
A separate rough calculation with guessed rate reductions gives a range of around £41.50 to £51.25 so again seems fine.
dropping to 5.75% on 3 March,
5.5% from 2 June
5.25% from 1 September
The green is giving the expected accrued interest on September 1st, a little tweaking (which I'm not going to do sorry as I don't have the account and don't know your start date) and I'd get the £42.83 you see on September 2nd. The value in pink/red is corresponding to if the £2250 was held until the end of September. These tables always nicely highlight the regular saver interest growth over time.
Note: Some dates aren't the 1st as this is due to me adapting this table from a different account but taking into account that standing orders usually won't be processed on weekends and go through on the next working day.0 -
s71hj said:I've had a letter confirming my Principality RS 3 rollover to RS 4 even though I already have an RS 4. I did my request online on Sunday. Will do my wife's this coming Sunday in the hope that may be the reason it worked although I have to say my suspicion is more it's random chance.1
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mon3ysav3r said:s71hj said:I've had a letter confirming my Principality RS 3 rollover to RS 4 even though I already have an RS 4. I did my request online on Sunday. Will do my wife's this coming Sunday in the hope that may be the reason it worked although I have to say my suspicion is more it's random chance.
It is a Dark Art with many posts here dedicated to mastering it....8 -
E_zroda said:mon3ysav3r said:s71hj said:I've had a letter confirming my Principality RS 3 rollover to RS 4 even though I already have an RS 4. I did my request online on Sunday. Will do my wife's this coming Sunday in the hope that may be the reason it worked although I have to say my suspicion is more it's random chance.
It is a Dark Art with many posts here dedicated to mastering it....20 -
Bobblehat said:Ch1ll1Phlakes said:Aidanmc said:Ch1ll1Phlakes said:s71hj said:Aidanmc said:s71hj said:Aidanmc said:s71hj said:Aidanmc said:Kim_13 said:surreysaver said:Speculator said:roked said:I closed my Coventry seasonal RS today due to the rate dropping below my threshold and wanted to use the funds for other RS's anyway. Surprised to see that I seem to have only got a two-week penalty on interest instead of a full month. Not complaining
Can't remember when Coventry sent out its notifications, but I think it was quite a while agoCoventry haven’t responded to my secure message sent before they opened yesterday, if they don’t answer soon I guess I will close the Loyalty Saver myself and then raise a complaint if a penalty is applied.
I closed mine last week also without penalty.
But the same terms should apply as the rate was reduced also.
Penalty free until 2nd October
But you can close it in online banking
You haven't reached a full nine months of holding the account so expected interest is lower than £48.62 and higher than £38.84 (as you've had the account at least eight months) so yes from what I see that sounds about right for penalty free.
Note: I don't have this account so I don't know when the rate reductions were and please let me know if I've used incorrect figures.
A separate rough calculation with guessed rate reductions gives a range of around £41.50 to £51.25 so again seems fine.
dropping to 5.75% on 3 March,
5.5% from 2 June
5.25% from 1 September
The green is giving the expected accrued interest on September 1st, a little tweaking (which I'm not going to do sorry as I don't have the account and don't know your start date) and I'd get the £42.83 you see on September 2nd. The value in pink/red is corresponding to if the £2250 was held until the end of September. These tables always nicely highlight the regular saver interest growth over time.
Note: Some dates aren't the 1st as this is due to me adapting this table from a different account but taking into account that standing orders usually won't be processed on weekends and go through on the next working day.
Still probably a little out though as closure value is from the 2nd but you get the idea. Also I know there's no payment for January but I've no idea when the deposits actually were so this is probably as good as I can get. PS I'll stop bothering people with these tables now1 -
Ch1ll1Phlakes said:Bobblehat said:Ch1ll1Phlakes said:Aidanmc said:Ch1ll1Phlakes said:s71hj said:Aidanmc said:s71hj said:Aidanmc said:s71hj said:Aidanmc said:Kim_13 said:surreysaver said:Speculator said:roked said:I closed my Coventry seasonal RS today due to the rate dropping below my threshold and wanted to use the funds for other RS's anyway. Surprised to see that I seem to have only got a two-week penalty on interest instead of a full month. Not complaining
Can't remember when Coventry sent out its notifications, but I think it was quite a while agoCoventry haven’t responded to my secure message sent before they opened yesterday, if they don’t answer soon I guess I will close the Loyalty Saver myself and then raise a complaint if a penalty is applied.
I closed mine last week also without penalty.
But the same terms should apply as the rate was reduced also.
Penalty free until 2nd October
But you can close it in online banking
You haven't reached a full nine months of holding the account so expected interest is lower than £48.62 and higher than £38.84 (as you've had the account at least eight months) so yes from what I see that sounds about right for penalty free.
Note: I don't have this account so I don't know when the rate reductions were and please let me know if I've used incorrect figures.
A separate rough calculation with guessed rate reductions gives a range of around £41.50 to £51.25 so again seems fine.
dropping to 5.75% on 3 March,
5.5% from 2 June
5.25% from 1 September
The green is giving the expected accrued interest on September 1st, a little tweaking (which I'm not going to do sorry as I don't have the account and don't know your start date) and I'd get the £42.83 you see on September 2nd. The value in pink/red is corresponding to if the £2250 was held until the end of September. These tables always nicely highlight the regular saver interest growth over time.
Note: Some dates aren't the 1st as this is due to me adapting this table from a different account but taking into account that standing orders usually won't be processed on weekends and go through on the next working day.
Still probably a little out though as closure value is from the 2nd but you get the idea. Also I know there's no payment for January but I've no idea when the deposits actually were so this is probably as good as I can get. PS I'll stop bothering people with these tables now3 -
Market Harborough BS have launched a Limited Edition Regular Saver (04.11.2026) – Branch Exclusive at 6% Fixed, £300/mth max. Branch opening only but can be managed online.11
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