The Top Regular Savers Discussion Thread

Catplan

Bobblehat said:

s71hj said:

Bobblehat said:

s71hj said:

Bobblehat said:

s71hj said:

Have people received Principality maturity instructions by post or are you finding it by logging in? 

No post/email/text .... the forum is where I saw it first!

Think I'll wait for the weekend and until my green shirt is ironed. 

Hopefully done and dusted! After reading on here that the maturity Instructions for the Xmas RS were now available for accounts maturing 24/10, I logged in to see that the 6 month RS was listed under option 4. I nearly hit the button there and then, but remembered just in time that I hadn't applied for my 1st version of the 6 month RS manually yet! I couldn't see anywhere to apply for it while logged in!

Anyway, logged out, applied for my 1st 6 month RS, required to log back in again, and sent £1 ignoring Santander's COP. I'll see how long it takes to arrive.

While still logged in, completed the maturity instructions for the Xmas RS, so it's a case of waiting to fund another £199 on the 1st one, and seeing what happens on the 24th regarding a 2nd one!

Many thanks to Forumites for their advice in getting me started with the 6 month RS saga ... if it works, that will be great, if not, there's little lost, I'll just need a plan B 

Is the consensus that option 4 is better than option 2?

What was option 2? It's disappeared now that I've made my selection!

Open new 6M RS and transfer £200 with rest going to nominated account.

Bridlington1

potlings said:

Surely this bubble must burst?

It's bound to eventually, otherwise you'll get people with absurdly high numbers of 6 month RSs.

I seem to recall some have reported PBS manually reviewing and closing some people's accounts that've been opened after they went NLA. Sooner or later I'd imagine they'll run a report on duplicate accounts and do a cull. Alternatively they could remove the RS as a maturity option or manually check maturing accounts.

The question that remains though is when shall the bubble burst.

Hattie627

Bridlington1 said:

potlings said:

Surely this bubble must burst?

It's bound to eventually, otherwise you'll get people with absurdly high numbers of 6 month RSs.

I seem to recall some have reported PBS manually reviewing and closing some people's accounts that've been opened after they went NLA. Sooner or later I'd imagine they'll run a report on duplicate accounts and do a cull. Alternatively they could remove the RS as a maturity option or manually check maturing accounts.

The question that remains though is when shall the bubble burst.

Some readers will recall the double interest paid on maturing Virgin Money RSs. It went on for ages, a couple of years possibly, through several issues of the account. VM must have been aware of the issue but didn't summon up the energy to solve it, or perhaps it was just too difficult for the IT people.  Who knows. The holding of multiple accounts of the same issue of a short duration Regular Saver pales into insignificance in comparison. PBS should be aware by now, but haven't stopped it, suggesting that it's not worth their effort. Maybe Issue 4 is to be the last of the 6 month accounts.

subjecttocontract

Bridlington1 said:

potlings said:

Surely this bubble must burst?

It's bound to eventually, otherwise you'll get people with absurdly high numbers of 6 month RSs.

I seem to recall some have reported PBS manually reviewing and closing some people's accounts that've been opened after they went NLA. Sooner or later I'd imagine they'll run a report on duplicate accounts and do a cull. Alternatively they could remove the RS as a maturity option or manually check maturing accounts.

The question that remains though is when shall the bubble burst.

I've just acquired a job lot of green shirts which might prove useful and provide their owners with a 7.5% return.

s71hj

Hattie627 said:

Bridlington1 said:

potlings said:

Surely this bubble must burst?

It's bound to eventually, otherwise you'll get people with absurdly high numbers of 6 month RSs.

I seem to recall some have reported PBS manually reviewing and closing some people's accounts that've been opened after they went NLA. Sooner or later I'd imagine they'll run a report on duplicate accounts and do a cull. Alternatively they could remove the RS as a maturity option or manually check maturing accounts.

The question that remains though is when shall the bubble burst.

Some readers will recall the double interest paid on maturing Virgin Money RSs. It went on for ages, a couple of years possibly, through several issues of the account. VM must have been aware of the issue but didn't summon up the energy to solve it, or perhaps it was just too difficult for the IT people.  Who knows. The holding of multiple accounts of the same issue of a short duration Regular Saver pales into insignificance in comparison. PBS should be aware by now, but haven't stopped it, suggesting that it's not worth their effort. Maybe Issue 4 is to be the last of the 6 month accounts.

Reminds me of when our local Coop had  a checkout flaw whereby if you bought something on a BOGOFF that was also reduced as near date it would still take the full BOGOFF amount off, generating negative till receipts. I remember somebody buying a stack of packs of meat and 2 hairdryers to generate an amount owed of sort of £1.50 ish. The lady behind the counter said she had reported it repeatedly. I wonder if these things only get addressed when an organisation are revisiting their systems more widely 

Hattie627

To those who have input maturity instructions for a maturing Principality RS and selected a rollover to a 6 month RS (Issue 4)

Whether you chose option 2 or 4, check out your sent secure messages. If there is no sent message transmitting your instructions, you will probably be okay. If there is a sent message, you may find that your instructions will be rejected as they will go to a human who may (or may not) reject them.

subjecttocontract

Who cares ? It only matters of you can do something about it. Nobody has come up with a definitive answer as to what option works with Principality so, that leaves the wearing of a green shirt and crossing your fingers.

Bobblehat

Catplan said:

Bobblehat said:

s71hj said:

Bobblehat said:

s71hj said:

Bobblehat said:

s71hj said:

Have people received Principality maturity instructions by post or are you finding it by logging in? 

No post/email/text .... the forum is where I saw it first!

Think I'll wait for the weekend and until my green shirt is ironed. 

Hopefully done and dusted! After reading on here that the maturity Instructions for the Xmas RS were now available for accounts maturing 24/10, I logged in to see that the 6 month RS was listed under option 4. I nearly hit the button there and then, but remembered just in time that I hadn't applied for my 1st version of the 6 month RS manually yet! I couldn't see anywhere to apply for it while logged in!

Anyway, logged out, applied for my 1st 6 month RS, required to log back in again, and sent £1 ignoring Santander's COP. I'll see how long it takes to arrive.

While still logged in, completed the maturity instructions for the Xmas RS, so it's a case of waiting to fund another £199 on the 1st one, and seeing what happens on the 24th regarding a 2nd one!

Many thanks to Forumites for their advice in getting me started with the 6 month RS saga ... if it works, that will be great, if not, there's little lost, I'll just need a plan B 

Is the consensus that option 4 is better than option 2?

What was option 2? It's disappeared now that I've made my selection!

Open new 6M RS and transfer £200 with rest going to nominated account.

So the only difference between option 2 and option 4 is that option 4 gives you a wider choice of target account for the £1300 + Int, including your nominated?

Speculator

s71hj said:

Hattie627 said:

Bridlington1 said:

potlings said:

Surely this bubble must burst?

It's bound to eventually, otherwise you'll get people with absurdly high numbers of 6 month RSs.

I seem to recall some have reported PBS manually reviewing and closing some people's accounts that've been opened after they went NLA. Sooner or later I'd imagine they'll run a report on duplicate accounts and do a cull. Alternatively they could remove the RS as a maturity option or manually check maturing accounts.

The question that remains though is when shall the bubble burst.

Some readers will recall the double interest paid on maturing Virgin Money RSs. It went on for ages, a couple of years possibly, through several issues of the account. VM must have been aware of the issue but didn't summon up the energy to solve it, or perhaps it was just too difficult for the IT people.  Who knows. The holding of multiple accounts of the same issue of a short duration Regular Saver pales into insignificance in comparison. PBS should be aware by now, but haven't stopped it, suggesting that it's not worth their effort. Maybe Issue 4 is to be the last of the 6 month accounts.

Reminds me of when our local Coop had  a checkout flaw whereby if you bought something on a BOGOFF that was also reduced as near date it would still take the full BOGOFF amount off, generating negative till receipts. I remember somebody buying a stack of packs of meat and 2 hairdryers to generate an amount owed of sort of £1.50 ish. The lady behind the counter said she had reported it repeatedly. I wonder if these things only get addressed when an organisation are revisiting their systems more widely 

Tesco had something similar with their cartons of chopped tomatoes passata. People were buying truck loads then buying other items they actually want to get the total back to zero.

Bobblehat

Following up from my earlier post .... £1 landed in the newly opened 6 month Princ RS within the hour and the £199 landed too within an hour. So, happy days, roll on the 24th!