The Top Regular Savers Discussion Thread

friolento

chris_the_bee said:

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.

My Principality maturity instructions were placed around 11 am today, definitely in business hours, and well before the matuirty date. Similar for several other Principality RSs, and several requesting roll-over to new 6 month RSs. I never had any rejection, or any secure messages generated from the maturity instructions. 

There goes the "out of office hours" theory. Up in a puff.

s71hj

friolento said:

chris_the_bee said:

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.

My Principality maturity instructions were placed around 11 am today, definitely in business hours, and well before the matuirty date. Similar for several other Principality RSs, and several requesting roll-over to new 6 month RSs. I never had any rejection, or any secure messages generated from the maturity instructions. 

There goes the "out of office hours" theory. Up in a puff.

I know it's not the be all and end all but it may be a factor that reduces the chances of human input and therefore manually instigated rejection. It seems like human intervention is the thing to try and find a way to avoid. 

cheekyweegit

My Christmas Saver maturity instructions have just shown up, due to mature 25.10.25 and a Regular Saver 4 has been offered.  That makes 3 Regular Saver 4's for me now.

2 Regular Saver 3's which are due to mature at the start of November and middle of December so will see what happens there.

For information purposes, I chose option 2 and I'm not wearing anything remotely green, but did consider it before going rogue.

masonic

s71hj said:

friolento said:

chris_the_bee said:

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.

My Principality maturity instructions were placed around 11 am today, definitely in business hours, and well before the matuirty date. Similar for several other Principality RSs, and several requesting roll-over to new 6 month RSs. I never had any rejection, or any secure messages generated from the maturity instructions. 

There goes the "out of office hours" theory. Up in a puff.

I know it's not the be all and end all but it may be a factor that reduces the chances of human input and therefore manually instigated rejection. It seems like human intervention is the thing to try and find a way to avoid. 

It seems likely that the secure message is some sort of fallback when the automated process fails for whatever reason. It could just be an unpredictable glitch between the systems processing the instructions that causes this. There is a risk that if a secure message is required and there isn't enough time for manual intervention, the default maturity option will be followed as if no instructions were submitted. Though doing it out of hours well before maturity should at worst make no difference to the outcome.

Bob2000

Principality BS  6 month RS  maturity  saga.

I've been reading the last days the ongoing saga of  how to get multiple  same issues of the 6 month RS.

I myself could potentially gain three issues. 4. But decided to close the RSs and send funds back to a nominated account instead.
The reason being, to fund both of my monmouthshire  6 and 7% RSs.

So if my funds are limited, am l being sensible?

clairec666

Bob2000 said:

Principality BS  6 month RS  maturity  saga.

I've been reading the last days the ongoing saga of  how to get multiple  same issues of the 6 month RS.

I myself could potentially gain three issues. 4. But decided to close the RSs and send funds back to a nominated account instead.
The reason being, to fund both of my monmouthshire  6 and 7% RSs.

So if my funds are limited, am l being sensible?

Well, personally I would have stuck with Principality as it pays a higher interest rate, plus the rate is fixed.

Or you could keep Monmouthshire and Principality, but not fully fund them each month.

Depends whether you like the simplicity of having all your savings in the same place, or if you'd spread it around for the sake of a little bit more interest. Both approaches are fine, it's down to personal choice.

If you factor in the time taken reading through this thread to deduce the best Principality strategy, plus ironing your best green shirt, the higher interest rate might not be worth it 

Kim_13

A fully funded 6 Month Principality RS would, on maturity, yield roughly £1,230 - £1,000 to fund Monmouthshire App Exclusive RS @ 7%, £200 for a rollover and the c. £30 interest to go into the Monmouthshire Branch Exclusive @ 7% if you have it, or their 6% version if you don't. Or to spend (I know some prefer to build the capital and see the interest as a treat) or some other RS.

Personally, I have no interest in putting more than £1,000 per month in Monmouthshire, as when the account matures at the end of August, that means having £6,000 to distribute for August and £6,000 for September (plus interest.) I pretty much filled every RS I had in August this year when Skipton matured with £3,000 in it. I have the Monmouthshire 6%, but only because it launched before the 7% version. It is now an overflow account and will be used to fund the 7% by internal transfer in months that I don't have £1,000 available. Not trying for an extra Principality 6 Month at the end of September turned out well for me as I now have an almost fully funded Progressive at 7% maturing next October, which I would have had to gamble on still being available later had I rolled Principality over. Until that time I had only done it due to not wanting the balance to be paid out until October, to make meeting monthly pay ins easier. I probably could have opened an EA with them and tried to do both, but did not think of it at the time.

A Principality is rate wise the best thing, but that relies on a second one being available in 6 months - otherwise that money could have been earning 7% at First Direct, Co Op or Progressive assuming no change in their rates, but the full £1,200 can't be put there in one go in 6 months time.

mebu60

friolento said:

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?

 

Entire balance to existing EA account. I do not want a new RS. I have rolled-over RSs previously and sent the remainder of the balance to the EA. But this time I want to close the RS and send the full proceeds to the EA. Seems bizarre that this is not an option but I can pay the proceeds away to an external account. Which is why I'm sanity checking on here that I'm not missing something obvious before I don an old green football shirt and send them a secure message. 

s71hj

So myself and my wife have now had maturity options through the post for Principality . As with previous account maturity, the form doesn't contain a tick box for choosing RS 4 presumably as I already have it, although the literature about it is enclosed in the envelope. It is however available in my online options and I intend to submit today or tomorrow although still in two minds between option 2 and 4.

janusd

mebu60 said:

friolento said:

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? 

Entire balance to existing EA account. I do not want a new RS. I have rolled-over RSs previously and sent the remainder of the balance to the EA. But this time I want to close the RS and send the full proceeds to the EA. Seems bizarre that this is not an option but I can pay the proceeds away to an external account. Which is why I'm sanity checking on here that I'm not missing something obvious before I don an old green football shirt and send them a secure message. 

my recollection is that there is an option to move the entire balance, but as i've already chosen, I cannot see or remember which one it would be.

if you can't see it, you might as well just use the link from account services -> savings maturity enquiry, choose your Christmas RS from the dropdown and then send them a message that way - I wouldn't expect a green shirt to be required for this.   

edit - just a further thought, but there is an option on the paper form, to close and move the entire balance to either a PBS account or externally... so I assume there must be an option online to do the same.