The Top Regular Savers Discussion Thread

flaneurs_lobster

What_time_is_it said:

Monmouthshire Regular Saver (issue 8) - duplicate account

Hi there. I opened the above account at 6%, and subsequently opened both the branch and app exclusive accounts at 7%. So far so good, and all happy… However, when I opened the Regular Saver they accidently opened 2 accounts of the same type and issue. I asked about this at the time and they said they would just close the one that I don’t fund. But they haven’t! 

So my question is, should I start sticking £500 a month into this “duplicate” account and see what happens? Or is that a bit risky? 

What do you think?

I have, £2k in each now.

But, of course, no guarantee that this would be allowed to continue...........

masonic

Hattie627 said:

badger09 said:

s71hj said:

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.

Really?
I too have received maturity instructions today by post. 

There are 4 options in green boxes, one of which is ‘Reinvest some of your savings. Open a new account and send the remainder to me’ below which is printed ‘New Regular Saver Bond name:’ with a white box for me to enter the name. 

Do you not have that on yours?

Got my maturity instructions form by post today too. Mine is exactly as described by s71hj. No option to rollover to any RS but literature enclosed for the 6 month RS Issue 4. I did my instructions electronically yesterday (option 4 chosen, then RS4 offered and selected), confirmation of acceptance of instructions is appearing above the account on the online list, no secure message generated. Will see what happens on 24th October.

This is what I received:

Presumably you can write in the name of a regular saver in the top-right green box and tick none of the options in Section A. But surely nobody is considering giving postal instructions?

Hattie627

s71hj said:

CricketLady said:

s71hj said:

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.

If this helps I had my information through the post also today, as did my daughter, as our accounts mature on the 25th.  We both went online and selected option 4 and so far all looks good.  We elected to put £200 into new Issue 4 accounts even though we both have two of these, one maturing in February, the next March, (so this third one will mature in April, very pleasing!) and have the remaining £1300 sent to our nominated accounts.  

With regard to option 2 versus option 4, it seems to me that they are the same, as when you click on option 4 it asks "which account would you like to open and with how much?" so when you simply select issue 4 (little circle to the left of the options to press) you can then input £200, then it asks where you would like the remainder of your cash to go - you have to give sort code and account number then it does a check to see if the name and these match.

All being well we're all set to put another £200 into our accounts on the 1st of November and for maturity to be 25th April 2026.

Hope this helps, good luck! xx

Just to check, am I right that you get the same account number regardless of choosing option 2 or 4?

Yes you do

Ed-1

What_time_is_it said:

Monmouthshire Regular Saver (issue 8) - duplicate account

Hi there. I opened the above account at 6%, and subsequently opened both the branch and app exclusive accounts at 7%. So far so good, and all happy… However, when I opened the Regular Saver they accidently opened 2 accounts of the same type and issue. I asked about this at the time and they said they would just close the one that I don’t fund. But they haven’t! 

So my question is, should I start sticking £500 a month into this “duplicate” account and see what happens? Or is that a bit risky? 

What do you think?

You have to fund the account within 30 days of opening, otherwise it automatically deactivates.

What_time_is_it

Ed-1 said:

What_time_is_it said:

Monmouthshire Regular Saver (issue 8) - duplicate account

Hi there. I opened the above account at 6%, and subsequently opened both the branch and app exclusive accounts at 7%. So far so good, and all happy… However, when I opened the Regular Saver they accidently opened 2 accounts of the same type and issue. I asked about this at the time and they said they would just close the one that I don’t fund. But they haven’t! 

So my question is, should I start sticking £500 a month into this “duplicate” account and see what happens? Or is that a bit risky? 

What do you think?

You have to fund the account within 30 days of opening, otherwise it automatically deactivates.

That’s a good point. It opened in August, so well past 30 days. But it is still showing as active in my app. 

Ed-1

What_time_is_it said:

Ed-1 said:

What_time_is_it said:

Monmouthshire Regular Saver (issue 8) - duplicate account

Hi there. I opened the above account at 6%, and subsequently opened both the branch and app exclusive accounts at 7%. So far so good, and all happy… However, when I opened the Regular Saver they accidently opened 2 accounts of the same type and issue. I asked about this at the time and they said they would just close the one that I don’t fund. But they haven’t! 

So my question is, should I start sticking £500 a month into this “duplicate” account and see what happens? Or is that a bit risky? 

What do you think?

You have to fund the account within 30 days of opening, otherwise it automatically deactivates.

That’s a good point. It opened in August, so well past 30 days. But it is still showing as active in my app. 

It won't accept funds.

CricketLady

s71hj said:

CricketLady said:

s71hj said:

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.

If this helps I had my information through the post also today, as did my daughter, as our accounts mature on the 25th.  We both went online and selected option 4 and so far all looks good.  We elected to put £200 into new Issue 4 accounts even though we both have two of these, one maturing in February, the next March, (so this third one will mature in April, very pleasing!) and have the remaining £1300 sent to our nominated accounts.  

With regard to option 2 versus option 4, it seems to me that they are the same, as when you click on option 4 it asks "which account would you like to open and with how much?" so when you simply select issue 4 (little circle to the left of the options to press) you can then input £200, then it asks where you would like the remainder of your cash to go - you have to give sort code and account number then it does a check to see if the name and these match.

All being well we're all set to put another £200 into our accounts on the 1st of November and for maturity to be 25th April 2026.

Hope this helps, good luck! xx

Just to check, am I right that you get the same account number regardless of choosing option 2 or 4?

It confirmed that I would keep the same sort code, account number and 9 digit reference number even though the maturing account was a 7% Christmas Regular Saver (12 x £125) and the new account is a 6 month 7.5% account when I selected option four but previously I've selected option two and each time the sort code and account number, and reference, stayed the same.
xxx

Dizzycap

flaneurs_lobster said:

What_time_is_it said:

Monmouthshire Regular Saver (issue 8) - duplicate account

Hi there. I opened the above account at 6%, and subsequently opened both the branch and app exclusive accounts at 7%. So far so good, and all happy… However, when I opened the Regular Saver they accidently opened 2 accounts of the same type and issue. I asked about this at the time and they said they would just close the one that I don’t fund. But they haven’t! 

So my question is, should I start sticking £500 a month into this “duplicate” account and see what happens? Or is that a bit risky? 

What do you think?

I have, £2k in each now.

But, of course, no guarantee that this would be allowed to continue...........

Me too & both the 6% along with both the 7% are fully funded. Monmouth are aware I have 2 x 6% RS, but don't seemed too fussed to close one for the foreseeable moment, at least! Although, neither were Market Harborough right up until 9 months after the duplicate opening & funding of their November ending RS, but they did pay the interest accured up until the duplicate account was closed

allegro120

What_time_is_it said:

Ed-1 said:

What_time_is_it said:

Monmouthshire Regular Saver (issue 8) - duplicate account

Hi there. I opened the above account at 6%, and subsequently opened both the branch and app exclusive accounts at 7%. So far so good, and all happy… However, when I opened the Regular Saver they accidently opened 2 accounts of the same type and issue. I asked about this at the time and they said they would just close the one that I don’t fund. But they haven’t! 

So my question is, should I start sticking £500 a month into this “duplicate” account and see what happens? Or is that a bit risky? 

What do you think?

You have to fund the account within 30 days of opening, otherwise it automatically deactivates.

That’s a good point. It opened in August, so well past 30 days. But it is still showing as active in my app. 

Monmouthshire Regular Saver (issue 8) - duplicate account
I've attempted to fund it 3 times, every time the funds were returned the next day.  The account was showing in my app for about a month and then disappeared.  

alfred64

CricketLady said:

Hattie627 said:

badger09 said:

s71hj said:

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.

Really?
I too have received maturity instructions today by post. 

There are 4 options in green boxes, one of which is ‘Reinvest some of your savings. Open a new account and send the remainder to me’ below which is printed ‘New Regular Saver Bond name:’ with a white box for me to enter the name. 

Do you not have that on yours?

Got my maturity instructions form by post today too. Mine is exactly as described by s71hj. No option to rollover to any RS but literature enclosed for the 6 month RS Issue 4. I did my instructions electronically yesterday (option 4 chosen, then RS4 offered and selected), confirmation of acceptance of instructions is appearing above the account on the online list, no secure message generated. Will see what happens on 24th October.

Hattie627 said:

badger09 said:

s71hj said:

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.

Really?
I too have received maturity instructions today by post. 

There are 4 options in green boxes, one of which is ‘Reinvest some of your savings. Open a new account and send the remainder to me’ below which is printed ‘New Regular Saver Bond name:’ with a white box for me to enter the name. 

Do you not have that on yours?

Got my maturity instructions form by post today too. Mine is exactly as described by s71hj. No option to rollover to any RS but literature enclosed for the 6 month RS Issue 4. I did my instructions electronically yesterday (option 4 chosen, then RS4 offered and selected), confirmation of acceptance of instructions is appearing above the account on the online list, no secure message generated. Will see what happens on 24th October.

I only got three green boxes!  But yes, one of them was to reinvest some of my savings, although the four options given on the form were for fixed rate bonds only.  Issue 4, as I've already mentioned, was available online.

But all this talk of green being lucky!  I thought green was an unlucky colour?  I learned this after my husband's green car broke down about ten years ago... 

And the car was named Prince?