The Top Regular Savers Discussion Thread

mebu60

janusd said:

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.

There is an option online to move the entire balance but only to pay it externally.

Well spotted on the form offering the internal transfer option. I will point out the discrepancy when I message them to request closure and payment to the EA. 

Slinky

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 got two of the Exclusive Saver 1 accounts opened when it glitched. I think I read that someone (maybe you?) had contacted them and been told the second account would disappear, so I didn't bother putting anything in immediately, but as it still sat there in mid September I put £1K in it, and another on 1st October, and so far so good, I've got two active accounts.

Slinky

mebu60 said:

janusd said:

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.

There is an option online to move the entire balance but only to pay it externally.

Well spotted on the form offering the internal transfer option. I will point out the discrepancy when I message them to request closure and payment to the EA. 

Unless you never want to have a Principality BS account again, I'd avoid messaging them, on the basis that once there's a message, any message, that has gone into the secure message system, it may trigger the issues of not being able to renew more than one of the same account type. The people who seem to have been successful with duplicate accounts seem to be ones who have never had any secure message go through the system.

10_66

Slinky said:

Unless you never want to have a Principality BS account again, I'd avoid messaging them, on the basis that once there's a message, any message, that has gone into the secure message system, it may trigger the issues of not being able to renew more than one of the same account type. The people who seem to have been successful with duplicate accounts seem to be ones who have never had any secure message go through the system.

It's not so for any message, maybe just messages relating to the 6 Month Regular Savers.  I have sent and received messages over the years (but not regarding Regular Savers) and have successfully "renewed" to 6 Month Regular Savers.

clairec666

10_66 said:

Slinky said:

Unless you never want to have a Principality BS account again, I'd avoid messaging them, on the basis that once there's a message, any message, that has gone into the secure message system, it may trigger the issues of not being able to renew more than one of the same account type. The people who seem to have been successful with duplicate accounts seem to be ones who have never had any secure message go through the system.

It's not so for any message, maybe just messages relating to the 6 Month Regular Savers.  I have sent and received messages over the years (but not regarding Regular Savers) and have successfully "renewed" to 6 Month Regular Savers.

Ditto - I sent them a couple of messages this year regarding my ISA, and have had no problems renewing regular savers

Cweb

In September anniversary of a regular saver 3, I took the option of an internal transfer into what I thought was a generic account (but was the triple access £150 monthly limit) which generated a secure message and got declined on both the triple access is unable to take the matured funds as over limit and that I already had an existing regular saver 4.

on this Xmas maturity, option 2 of a regular saver 4 and pay out externally and have not generated any message. Thus, previously ‘flag’ may not be a factor.

I suspect choosing other than external funding for matured funds likely may be a factor for generating a message.

badger09

masonic 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.

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?

Same as mine but it seems some are getting only 3 green boxes on the postal form. I thought for a fleeting moment that Principality paper system was more switched on than their online system by only offering this option to those who don’t already have a current issue RS (like me) but I know you have at least 1, so that blows that theory out of the window.  

Andystriker

Principality Issue 4

 

Seems that I am unable to open another one. 

I have got two issue 3, and two issue 4. When I had funds maturing last month I was refused after selecting option 2, by secure message by our friend.  So, I left it a few days and rang and asked my options, and the lady who answered opened my second issue 4 

I have a Regular Saver Issue 34 maturing next Wednesday. I selected option 4 last week and again had the secure message saying no the following day from a different named person, but same message.

I did all this whilst wearing a green jumper, having a banker's lamp switched on, on my desk with a green shade, and humming the National Anthem. 

I rang them today and spoke to another lady, and asked what my options were, and she said “You can open an issue 4, oh hang on, you’ve already got one, so, no sorry”.  

So, I have asked for my closing funds to be sent to my bank current account.

I am not fussed about opening any more, but with me, I do not think it is possible now anyway. they seem to have cottoned on.

As I say I am not fussed, but thought I would report here, that I do not think I can open any more issue 4’s

clairec666

Andystriker said:

Principality Issue 4

 

Seems that I am unable to open another one. 

I have got two issue 3, and two issue 4. When I had funds maturing last month I was refused after selecting option 2, by secure message by our friend.  So, I left it a few days and rang and asked my options, and the lady who answered opened my second issue 4 

I have a Regular Saver Issue 34 maturing next Wednesday. I selected option 4 last week and again had the secure message saying no the following day from a different named person, but same message.

I did all this whilst wearing a green jumper, having a banker's lamp switched on, on my desk with a green shade, and humming the National Anthem. 

I rang them today and spoke to another lady, and asked what my options were, and she said “You can open an issue 4, oh hang on, you’ve already got one, so, no sorry”.  

So, I have asked for my closing funds to be sent to my bank current account.

I am not fussed about opening any more, but with me, I do not think it is possible now anyway. they seem to have cottoned on.

As I say I am not fussed, but thought I would report here, that I do not think I can open any more issue 4’s

Sounds like a few more of their staff have cottoned on. If I get refused, I won't mind too much, as we were only ever supposed to have one of each issue anyway. And they'll release an Issue 5 at some point which can be held alongside Issue 4.

Anyway, not sure if the British national anthem would help, maybe try Hen Wlad Fy Nhadau.

subjecttocontract

I've already got x2 issue 4's and have been allowed a third issue 4 at maturity. Let's face it, we need a few issue 3's &/or issue 4's cos they only pay £26 in interest each. So only one is hardly worth bothering with.