The Top Regular Savers Discussion Thread

clairec666

jifmoose said:

Dumb question that doesn't deserve it's own thread: are monthly limits on Regular Savers generally calendar months, or are do they apply from the monthly anniversary of when the account was opened? For example, if I opened an RS on the 18th of August and payed in in August, can I now pay in for September - or do I have to wait until after the 18th?

Generally, calendar months. Some that behave differently are First Direct (where you have to deposit on the same day each month) and Zopa (where you can deposit at any time but the new "month" starts on the monthly anniversary).
Those are the only exceptions which spring to mind but I'm sure others will chip in if I've missed anything.

clairec666

Chaykin said:

Principality BS

I always choose option 2 for their 6 month RSs renewal. I say £200 into new account, select the 6 month RS as the new account (whatever issue offered at the time), with the remainder to be transferred to my bank account elsewhere.

It has never failed me and also never "created" a sent message on the system. Currently have 3x RS3 + 1x RS4. One of the RS3s is maturing soon and I have submitted my instructions to renew good few days ago - no rejection.

As someone mentioned here - added bonus is that the "new" RS account keeps the same account number so no need to change payee details etc.

This way I have also also managed to "change" my 1 Year Regular Saver Bond into a 6 Month Regular Saver when it matured.

The 1 Year Triple Access Regular Saver did not come with an option to renew. That matured into an Online Easy Access which I subsequently closed via the online form (Account Services -> Close an account) and a transfer to my bank account elsewhere. This has "created" an automated sent message on the system to which they have replied confirming instructions.

Just to confuse things further, last time I had a renewal my new account didn't keep the same account number. This was back in March, no idea whether I chose option 2 or 4.
This time I think I chose option 4, no "sent" message generated and no rejection. I submitted the instructions at the weekend.
No idea what colour I was wearing but I do own a lot of green clothes, so maybe that clinched the deal

TLDR - it seems completely random

s71hj

BestSeagull said:

mattojgb said:

Principality maturity instructions

There seem to be two options on the Principality website that will potentially open a new RS account upon maturity. Which are people choosing and are known to work or not work?

One option is to take some money out and move the rest to a new savings account (and in the next step there is an option to open an RS4 and specify an amount to be used to open the account).

Or there is an option to take out all your money and open a new RS (RS4 being one of the available options).

@mattojgb, I spent most of last weekend discussing the same question on this thread. I'm still not sure if there is a definitive answer.

Calling the options, option 2 and 4;  I think I have in the past chosen option 2 both times and have been refused both times.

I thought that choosing option 4 would be the answer but some who have chosen option 2 have been successful.

Another variable is where you choose for the rest of the money to go. I've always chosen a Principality account then I transfer out myself. (Helps me keep track of the interest more easily) I think most people go for transfer to nominated account.

The other theory we are actively working on is to apply on a Saturday, wearing a green shirt (the green shirt may or may not have some relevance!)

What does seem to be universal is; if your choice triggers a message to them, then manual intervention results and you are likely to be refused.

If you make your choice, then check your sent messages and nothing has gone off to them, then you are in a so far, so good situation.

My plan is to choose option 4, and transfer money out to nominated account. I'll do this on Saturday but I'll probably be wearing blue!

It's a Sunday and green shirt. You see this is what people get wrong! 

BestSeagull

s71hj said:

BestSeagull said:

mattojgb said:

Principality maturity instructions

There seem to be two options on the Principality website that will potentially open a new RS account upon maturity. Which are people choosing and are known to work or not work?

One option is to take some money out and move the rest to a new savings account (and in the next step there is an option to open an RS4 and specify an amount to be used to open the account).

Or there is an option to take out all your money and open a new RS (RS4 being one of the available options).

@mattojgb, I spent most of last weekend discussing the same question on this thread. I'm still not sure if there is a definitive answer.

Calling the options, option 2 and 4;  I think I have in the past chosen option 2 both times and have been refused both times.

I thought that choosing option 4 would be the answer but some who have chosen option 2 have been successful.

Another variable is where you choose for the rest of the money to go. I've always chosen a Principality account then I transfer out myself. (Helps me keep track of the interest more easily) I think most people go for transfer to nominated account.

The other theory we are actively working on is to apply on a Saturday, wearing a green shirt (the green shirt may or may not have some relevance!)

What does seem to be universal is; if your choice triggers a message to them, then manual intervention results and you are likely to be refused.

If you make your choice, then check your sent messages and nothing has gone off to them, then you are in a so far, so good situation.

My plan is to choose option 4, and transfer money out to nominated account. I'll do this on Saturday but I'll probably be wearing blue!

It's a Sunday and green shirt. You see this is what people get wrong! 

I've edited my post as this is surely the secret missing variable and I do not wish to misinform!

s71hj

BestSeagull said:

s71hj said:

BestSeagull said:

mattojgb said:

Principality maturity instructions

There seem to be two options on the Principality website that will potentially open a new RS account upon maturity. Which are people choosing and are known to work or not work?

One option is to take some money out and move the rest to a new savings account (and in the next step there is an option to open an RS4 and specify an amount to be used to open the account).

Or there is an option to take out all your money and open a new RS (RS4 being one of the available options).

@mattojgb, I spent most of last weekend discussing the same question on this thread. I'm still not sure if there is a definitive answer.

Calling the options, option 2 and 4;  I think I have in the past chosen option 2 both times and have been refused both times.

I thought that choosing option 4 would be the answer but some who have chosen option 2 have been successful.

Another variable is where you choose for the rest of the money to go. I've always chosen a Principality account then I transfer out myself. (Helps me keep track of the interest more easily) I think most people go for transfer to nominated account.

The other theory we are actively working on is to apply on a Saturday, wearing a green shirt (the green shirt may or may not have some relevance!)

What does seem to be universal is; if your choice triggers a message to them, then manual intervention results and you are likely to be refused.

If you make your choice, then check your sent messages and nothing has gone off to them, then you are in a so far, so good situation.

My plan is to choose option 4, and transfer money out to nominated account. I'll do this on Saturday but I'll probably be wearing blue!

It's a Sunday and green shirt. You see this is what people get wrong! 

I've edited my post as this is surely the secret missing variable and I do not wish to misinform!

Fwiw I chose option 4. Got a letter in post yesterday confirming and giving new account number which was signed but not hand signed. Will do exactly the same for my wife Sunday afternoon and we'll see. I'm unlikely to be wearing a green shirt so we may be able to rule out that variable at that point! 

Bridlington1

s71hj said:

BestSeagull said:

s71hj said:

BestSeagull said:

mattojgb said:

Principality maturity instructions

There seem to be two options on the Principality website that will potentially open a new RS account upon maturity. Which are people choosing and are known to work or not work?

One option is to take some money out and move the rest to a new savings account (and in the next step there is an option to open an RS4 and specify an amount to be used to open the account).

Or there is an option to take out all your money and open a new RS (RS4 being one of the available options).

@mattojgb, I spent most of last weekend discussing the same question on this thread. I'm still not sure if there is a definitive answer.

Calling the options, option 2 and 4;  I think I have in the past chosen option 2 both times and have been refused both times.

I thought that choosing option 4 would be the answer but some who have chosen option 2 have been successful.

Another variable is where you choose for the rest of the money to go. I've always chosen a Principality account then I transfer out myself. (Helps me keep track of the interest more easily) I think most people go for transfer to nominated account.

The other theory we are actively working on is to apply on a Saturday, wearing a green shirt (the green shirt may or may not have some relevance!)

What does seem to be universal is; if your choice triggers a message to them, then manual intervention results and you are likely to be refused.

If you make your choice, then check your sent messages and nothing has gone off to them, then you are in a so far, so good situation.

My plan is to choose option 4, and transfer money out to nominated account. I'll do this on Saturday but I'll probably be wearing blue!

It's a Sunday and green shirt. You see this is what people get wrong! 

I've edited my post as this is surely the secret missing variable and I do not wish to misinform!

Fwiw I chose option 4. Got a letter in post yesterday confirming and giving new account number which was signed but not hand signed. Will do exactly the same for my wife Sunday afternoon and we'll see. I'm unlikely to be wearing a green shirt so we may be able to rule out that variable at that point! 

We can rule out the green shirt theory now if you like, in my case I didn't bother with the green shirt (I don't even have a green shirt) but I was wearing green shorts and half way through a mug of green tea and was successful last week.

chris_the_bee

jameseonline said:

Bridlington1 said:

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.

They should just have the option to open online like they had with the one I have due to end in November meh 😕 😑, also I swear the one I currently have is longer than a year, hmm

Yes, most are longer than 1 year. I have an extra two months on one and an extra three on another.

chris_the_bee

Bridlington1 said:

jifmoose said:

Dumb question that doesn't deserve it's own thread: are monthly limits on Regular Savers generally calendar months, or are do they apply from the monthly anniversary of when the account was opened? For example, if I opened an RS on the 18th of August and payed in in August, can I now pay in for September - or do I have to wait until after the 18th?

The majority of the time they operate on a calendar month basis but there are some notable exceptions, e.g. First Direct, Zopa, Santander etc.

The listings on page 1 of this thread state whether the account runs on a calendar month or account monthly basis.

And Coventry

Bridlington1

chris_the_bee said:

Bridlington1 said:

jifmoose said:

Dumb question that doesn't deserve it's own thread: are monthly limits on Regular Savers generally calendar months, or are do they apply from the monthly anniversary of when the account was opened? For example, if I opened an RS on the 18th of August and payed in in August, can I now pay in for September - or do I have to wait until after the 18th?

The majority of the time they operate on a calendar month basis but there are some notable exceptions, e.g. First Direct, Zopa, Santander etc.

The listings on page 1 of this thread state whether the account runs on a calendar month or account monthly basis.

And Coventry

Though it depends on the account in question, many of Coventry's accounts run on an account month basis, others, e.g. the FHS, do not. 

As ever always check the Ts&Cs of the account in question.

Bobblehat

chris_the_bee said:

Bridlington1 said:

jifmoose said:

Dumb question that doesn't deserve it's own thread: are monthly limits on Regular Savers generally calendar months, or are do they apply from the monthly anniversary of when the account was opened? For example, if I opened an RS on the 18th of August and payed in in August, can I now pay in for September - or do I have to wait until after the 18th?

The majority of the time they operate on a calendar month basis but there are some notable exceptions, e.g. First Direct, Zopa, Santander etc.

The listings on page 1 of this thread state whether the account runs on a calendar month or account monthly basis.

And Coventry

Isn't it a mixed bag with Coventry, some calendar monthly, some account monthly?

Santander is account monthly.

Bridlington1's page 1 is your friend here!

Edit: Bridlington1 beat me to it!