The Top Regular Savers Discussion Thread

Section62

Kim_13 said:

Section62 said:

Kim_13 said:

s71hj said:

shirley999 said:

clairec666 said:

csw5780 said:

Principality: is it “reasonable, clear and fair” to offer maturity options which are selected in good faith; only to later refuse them?

But in all honesty, are any of us selecting it "in good faith"? Most of us here are selecting an option we know we shouldn't have been given, in the hope it will will go unnoticed. Hence several pages of comments on the matter.

Is it not fair to assume that they have since relaxed the terms to now allow multiple accounts if that is what you're offered?  

OK, we aren't, as we are on a forum that discusses it but quite how Principality seperate the people who no doubt are doing it in good faith, who knows, especially when they are sent the product leaflet for the RS4 with the maturity pack. 

They would surely add a term permitting additional accounts as maturity options only if that is what they intended.

...just as surely as those building societies saying "can only be opened in branch" would have added a term permitting postal applications, before happily accepting applications by post.

In reality the onus is on the financial institution to act fairly.  If they offer a specific account type as a maturity option within the online platform they can hardly grumble (much) if a customer tries to apply for it.

Which is probably why they haven’t given those customers notice to close their accounts, as would be their right. 

If something is not permitted in the terms, then it should be seen a bonus if an attempt to open it is successful, not an expectation that an application should be accepted. A society deciding at its discretion not to enforce its terms in relation to method of opening does not mean that another is being unreasonable by enforcing their own terms. 

Completely agree.  The point being that what building societies (and banks) do or don't allow in practice doesn't necessarily mean they will amend their T&C's to reflect this.

Aidanmc

MHBS fixed term RS 30/11/25
Was looking at terms on wayback machine, says max balance 3k?
Mine already has 3500 + some interest already added?
Just wondering if we can make another deposit in November.

jameseonline

Aidanmc said:

MHBS fixed term RS 30/11/25
Was looking at terms on wayback machine, says max balance 3k?
Mine already has 3500 + some interest already added?
Just wondering if we can make another deposit in November.

I'm guessing you have more than 3K because the account lasts for longer than 12 months, interest shouldn't count towards any limits, maybe they messed up on the limit.

Bobblehat

Aidanmc said:

MHBS fixed term RS 30/11/25
Was looking at terms on wayback machine, says max balance 3k?
Mine already has 3500 + some interest already added?
Just wondering if we can make another deposit in November.

There was a debate I started about this back in December 24 .... it resulted in finding out that MHBS updated the limit to that particular RS because of the then new RS release. Thanks to qbadger

Regular Savings Accounts: The Best Currently Available List! - Page 1680 — MoneySavingExpert Forum

Edit : Scroll down a bit to qbadger's post to a link to the MHBS doc.

kaMelo

Aidanmc said:

MHBS fixed term RS 30/11/25
Was looking at terms on wayback machine, says max balance 3k?
Mine already has 3500 + some interest already added?
Just wondering if we can make another deposit in November.

If I remember correctly, they amended the terms to £3750 when it was pointed out to them it was possible to exceed £3000 due to the term length of the account.

SJMALBA

Yes, the MHBS Fixed Term Regular Saver (30.11.2025) has a Max. balance of £3750 (as confirmed in the 'Product Terms and Conditions').

Aidanmc

kaMelo said:

Aidanmc said:

MHBS fixed term RS 30/11/25
Was looking at terms on wayback machine, says max balance 3k?
Mine already has 3500 + some interest already added?
Just wondering if we can make another deposit in November.

If I remember correctly, they amended the terms to £3750 when it was pointed out to them it was possible to exceed £3000 due to the term length of the account.

I must have missed all that or just forgot. So we can deposit in November to bring balance to £3750 + whatever interest thats already there

subjecttocontract

Yes MHBS regular saver has a 15 month term.
I won't be renewing my reg saver with them at the end of November cos they are not currently offering one.

Bobblehat

subjecttocontract said:

Yes MHBS regular saver has a 15 month term.
I won't be renewing my reg saver with them at the end of November cos they are not currently offering one.

There are 3 on their website?

Snapdragon

Bobblehat said:

subjecttocontract said:

Yes MHBS regular saver has a 15 month term.
I won't be renewing my reg saver with them at the end of November cos they are not currently offering one.

There are 3 on their website?

The newer ones are branch only whereas last year we were able to open them without being near a branch, hence I also won't be able to renew this one.