The Top Regular Savers Discussion Thread

10_66

ChewyyBacca said:

10_66 said:

ChewyyBacca said:

BestSeagull Good tip for the other fixed rate RS I hold with Suffolk BS! How did you give maturity instruction to Suffolk?

In case of the variable rate RS, Im not sure what steps I should have taken to access my funds sooner, without loss of interest. 
I had given them clear instruction to send closure proceeds to my nominated account xxxxxxx
Also referenced their email that I received, regarding interest rate reduction and thus I can withdraw without any notice or penalty.

The maturity instructions are available online.  I can't remember how soon before maturity date.

Is it similar to Principality maturity instructions, as in choose online and no secure msg to be sent to be applied manually?

From memory, it's a case of following the prompts about where you want the funds to go, no secure message needed.

Hattie627

Slinky said:

I think it's the secure message thing that determines whether or not it's manually looked at and noticed. No message = no problem, new account issued. But why a secure message is generated for some, I don't think anybody on here has actually worked out, have they?

Exactly where we got to last time. Secure message determines it but it remains a mystery why secure message generated sometimes and not other times.

E_zroda

Hattie627 said:

Slinky said:

I think it's the secure message thing that determines whether or not it's manually looked at and noticed. No message = no problem, new account issued. But why a secure message is generated for some, I don't think anybody on here has actually worked out, have they?

Exactly where we got to last time. Secure message determines it but it remains a mystery why secure message generated sometimes and not other times.

Some of the earlier theories included whether instructions are done out of office hours, non?

Hattie627

E_zroda said:

Hattie627 said:

Slinky said:

I think it's the secure message thing that determines whether or not it's manually looked at and noticed. No message = no problem, new account issued. But why a secure message is generated for some, I don't think anybody on here has actually worked out, have they?

Exactly where we got to last time. Secure message determines it but it remains a mystery why secure message generated sometimes and not other times.

Some of the earlier theories included whether instructions are done out of office hours, non?

Yes indeed.

s71hj

Hattie627 said:

E_zroda said:

Hattie627 said:

Slinky said:

I think it's the secure message thing that determines whether or not it's manually looked at and noticed. No message = no problem, new account issued. But why a secure message is generated for some, I don't think anybody on here has actually worked out, have they?

Exactly where we got to last time. Secure message determines it but it remains a mystery why secure message generated sometimes and not other times.

Some of the earlier theories included whether instructions are done out of office hours, non?

Yes indeed.

I think that may be the only theory left standing. I'll do mine and my wife's Sunday afternoon

mebu60

What am I missing on the Principality Christmas RS maturity options? I would like the maturity proceeds paid into my existing Principality Triple Access EA account. To close the RS the only option appears to be to send the proceeds elsewhere. Am I not seeing something glaringly obvious or is there really no option for an internal transfer? 

friolento

mebu60 said:

What am I missing on the Principality Christmas RS maturity options? I would like the maturity proceeds paid into my existing Principality Triple Access EA account. To close the RS the only option appears to be to send the proceeds elsewhere. Am I not seeing something glaringly obvious or is there really no option for an internal transfer? 

I can't see the options now as I have already given my instructions but there was definitely an option to send some of the balance to another Principality account when rolling over to another RS. 

Can you clarify what your ideal option is? It's not clear whether you want to move your entire balance to the EA account, or just part of it and start a new RS with an initial deposit? Or do you want to start a new RS with a zero deposit?

 

chris_the_bee

ChewyyBacca said:

Suffolk BS Reg Saver Online 1 Year Variable Rate Regular Saver (31.03.2026)

Since they reduced rate to 4.6%, I sent a msg to close the account on 1 Oct
On 2 Oct, acct disappeared from Online system
Proceeds received on 7 Oct. 
Im told from 1 Oct to 2 Oct, the balance earned 1.85%. Im assuming the outstanding balance didnt earn anything from 2 Oct to 6 Oct.

Is this as per their Ts&Cs?

The rate chaser in me is peeved that I lost interest for 6 days.Anyone has those handy excel sheets to input numbers so that I see how much I should have received?

Suffolk BS Reg Saver
I queried this with them when I closed an account. For a maturity, they pay by Faster Payment at maturity. For a withdrawal they pay by BACS at 3 working days.

chris_the_bee

ChewyyBacca said:

BestSeagull said:

ChewyyBacca said:

Suffolk BS Reg Saver Online 1 Year Variable Rate Regular Saver (31.03.2026)

Since they reduced rate to 4.6%, I sent a msg to close the account on 1 Oct
On 2 Oct, acct disappeared from Online system
Proceeds received on 7 Oct. 
Im told from 1 Oct to 2 Oct, the balance earned 1.85%. Im assuming the outstanding balance didnt earn anything from 2 Oct to 6 Oct.

Is this as per their Ts&Cs?

The rate chaser in me is peeved that I lost interest for 6 days.Anyone has those handy excel sheets to input numbers so that I see how much I should have received?

I had the same thing happen to me. Not because I closed the account early but because I didn't provide them with maturity instructions. Apparently if you do give instructions, the money is received into your nominated account the day after maturity but if you don't, it's the same holding hostage of the funds at that abysmal rate for several days.
So if you have any other of their RS accounts, make sure to give instructions before they mature. 

BestSeagull Good tip for the other fixed rate RS I hold with Suffolk BS! How did you give maturity instruction to Suffolk?

In case of the variable rate RS, Im not sure what steps I should have taken to access my funds sooner, without loss of interest. 
I had given them clear instruction to send closure proceeds to my nominated account xxxxxxx
Also referenced their email that I received, regarding interest rate reduction and thus I can withdraw without any notice or penalty.

For a withdrawal they pay by BACS which takes 3 working days.

chris_the_bee

s71hj said:

Hattie627 said:

E_zroda said:

Hattie627 said:

Slinky said:

I think it's the secure message thing that determines whether or not it's manually looked at and noticed. No message = no problem, new account issued. But why a secure message is generated for some, I don't think anybody on here has actually worked out, have they?

Exactly where we got to last time. Secure message determines it but it remains a mystery why secure message generated sometimes and not other times.

Some of the earlier theories included whether instructions are done out of office hours, non?

Yes indeed.

I think that may be the only theory left standing. I'll do mine and my wife's Sunday afternoon

I have successfully opened new 6M accounts by completing online instructions after close of business the day prior to maturity. This does not allow time for any manual intervention.