The Top Regular Savers Discussion Thread

nigelholl2

kermchem said:

You can mature last year’s Christmas saver into a new issue 4 6 month bond, send the residue to an external account, and open a new Christmas saver

Sorry if this seems pedantic, but that is how I am, and the question needs asking
Is this the correct route to gain an extra 6 month acc?
I have Iss3 & 4 , and was wondering whether you needed to open a new issue, and then roll over, or roll over and then open a new issue
Or is this just pertinent to the Christmas Saver
All your thoughts would be appreciated, as this sort of query is not covered in FAQ's

allegro120

RosieRooBear said:

refluxer said:

Rudyson said:

refluxer said:

Just tried to open the Hanley Eco BS 1 Year Online Smart Saver and it looks like they might have disabled online applications for now - I get the same message either while applying through online banking (as an existing customer) or from their homepage (as a new customer would).

The application is currently unavailable.

We are currently experiencing some problems and are unable to continue with your application. Please try again later.

I've just opened one in the last half hour with no problem. 

I'm still unable to open the account. I closed my only Hanley Eco BS account (a Branch Saver) a couple of months ago but still have access to online banking, so was hoping I could apply from there and avoid having to prove my ID again.

I guess it's possible that they'll allow you to access online banking for a while in order to obtain documents or statements for old accounts, but not allow you to open new accounts ?

If anyone is in a similar position (can access online banking but has no open/active accounts) and has been able to open this RS account then please let me know, otherwise I'll give it a miss. 

@refluxer, I closed my RS with them about a year ago but like you still had online access. I opened it as a “new customer” online to start with, but in the application form there is a question asking if you are an existing customer and asking for your account number. I put in my old RS account number even though it was closed. My application went through perfectly and didn’t have to fill out any security questions etc. When I checked the Hanley app straight after it was already showing. Hope this helps.

I did this in my first "new customer" attempt and it didn't work.  I guess it all depends on how unlucky you are  

kermchem

nigelholl2 said:

kermchem said:

You can mature last year’s Christmas saver into a new issue 4 6 month bond, send the residue to an external account, and open a new Christmas saver

Sorry if this seems pedantic, but that is how I am, and the question needs asking
Is this the correct route to gain an extra 6 month acc?
I have Iss3 & 4 , and was wondering whether you needed to open a new issue, and then roll over, or roll over and then open a new issue
Or is this just pertinent to the Christmas Saver
All your thoughts would be appreciated, as this sort of query is not covered in FAQ's

The terms and conditions of Principality 6 month bond issue 4 say that you can only hold one account of this issue, so, no this is not the correct route to gain a 6 month account. There is no “correct” way to get an extra 6 month account, because an extra account is not correct. 

But several forumites have reported that they have submitted maturity requests for Christmas 2025 savers to mature into 6 month issue 4 accounts. 6 month issue 3 accounts have matured into extra 6 month accounts, and the 12 month saver bonds have also. 

Sometimes it does not work and the reasons may be where the remaining cash is being sent to a Principality easy access account, which might require human intervention in Cardiff and the breach of t&c being noticed. 

clairec666

nigelholl2 said:

kermchem said:

You can mature last year’s Christmas saver into a new issue 4 6 month bond, send the residue to an external account, and open a new Christmas saver

Sorry if this seems pedantic, but that is how I am, and the question needs asking
Is this the correct route to gain an extra 6 month acc?
I have Iss3 & 4 , and was wondering whether you needed to open a new issue, and then roll over, or roll over and then open a new issue
Or is this just pertinent to the Christmas Saver
All your thoughts would be appreciated, as this sort of query is not covered in FAQ's

Just to add another option into the mix, you could submit your maturity instructions, then in the two weeks before it matures open a new issue. That way, your maturity options shouldn't be refused (as you don't already have one of that issue), and your new application shouldn't be refused either.

nigelholl2

kermchem 

The terms and conditions of Principality 6 month bond issue 4 say that you can only hold one account of this issue, so, no this is not the correct route to gain a 6 month account. There is no “correct” way to get an extra 6 month account, because an extra account is not correct. 

But several forumites have reported that they have submitted maturity requests for Christmas 2025 savers to mature into 6 month issue 4 accounts. 6 month issue 3 accounts have matured into extra 6 month accounts, and the 12 month saver bonds have also. 

Sometimes it does not work and the reasons may be where the remaining cash is being sent to a Principality easy access account, which might require human intervention in Cardiff and the breach of t&c being noticed. 

Apologises, I didn't make my query clear
I under stand what the T&C's state, but from what has been posted this is not enforced, as of yet
However, where people have been successful, have they
1. Rolled over a maturing account into a new RS, then open the new RS same Issue
2. Opened a new RS Issue and then sent maturity instruction to rollover to new issue RS
I do have green t-shirt if that helps
Again all your thought's would be appreciated

GlasgowExpat2

Does the Nationwide Flex Regular Saver allow 13 payments?  I looked at the T&Cs but couldn’t see anything. 

Bridlington1

GlasgowExpat2 said:

Does the Nationwide Flex Regular Saver allow 13 payments?  I looked at the T&Cs but couldn’t see anything. 

It does.  

where_are_we

Principality Xmas26 RS - If only all RS`s were as easy to open as Principality! Plus good fixed rates. I like the fact that you don`t have to peruse 4 or 5 different pages relating to the account specifically, savings in general, FSCS and other T&C`s like you have to do with other new account openings - you just tick one box and that`s it. Obviously I have studied what`s important beforehand and I am ashamed to say that I am a serial Regular Saver so know more or less what to look out for thanks to posters on this forum especially Bridlington.

kermchem

nigelholl2 said:

kermchem 

The terms and conditions of Principality 6 month bond issue 4 say that you can only hold one account of this issue, so, no this is not the correct route to gain a 6 month account. There is no “correct” way to get an extra 6 month account, because an extra account is not correct. 

But several forumites have reported that they have submitted maturity requests for Christmas 2025 savers to mature into 6 month issue 4 accounts. 6 month issue 3 accounts have matured into extra 6 month accounts, and the 12 month saver bonds have also. 

Sometimes it does not work and the reasons may be where the remaining cash is being sent to a Principality easy access account, which might require human intervention in Cardiff and the breach of t&c being noticed. 

Apologises, I didn't make my query clear
I under stand what the T&C's state, but from what has been posted this is not enforced, as of yet
However, where people have been successful, have they
1. Rolled over a maturing account into a new RS, then open the new RS same Issue
2. Opened a new RS Issue and then sent maturity instruction to rollover to new issue RS
I do have green t-shirt if that helps
Again all your thought's would be appreciated

I am sure someone will be along to correct me, but I think that if you hold any PBS account and then try to open another one of the same issue then I would expect the breach of T&C to be spotted by their computer system. So your number 1 doesn’t work. 

Their systems do not spot number 2 in some cases. 

Edited to confirm that there are mixed reports of whether green clothing is essential to achieve 2.

masonic

I think claire's option 3 is the best one if you have not yet submitted maturity instructions, namely let the maturity request be accepted, then open manually before it is actioned.