The Top Regular Savers Discussion Thread

Speculator

janusd said:

Speculator said:

Just given my maturity instruction for my Principality 6 Month Regular Saver Issue 3 maturing on 7/11.

No secure message sent so looks good.

out of interest, what did you choose to do with the remainder - transfer to external account or another PBS internal account? from past posts, i'm wondering if transferring to an external account doesn't generate a secure message.

I have an RS3 maturing on the 7th and have just chosen the same maturity options online as last time - option 4, £200 to another RS4, remainder to a PBS EA account... secure message generated by the maturity option choice at 11:24am, reply received at 11:29am - thankfully our unnamed friend wasn't working today and the instructions were accepted by one of male colleagues.

always external to my Santander current a/c and option 4.

I think when you transfer to internal a/c, it generates a message to give staff an opportunity to review your choice and maybe advise you of a more suitable account.

janusd

Speculator said:

janusd said:

Speculator said:

Just given my maturity instruction for my Principality 6 Month Regular Saver Issue 3 maturing on 7/11.

No secure message sent so looks good.

out of interest, what did you choose to do with the remainder - transfer to external account or another PBS internal account? from past posts, i'm wondering if transferring to an external account doesn't generate a secure message.

I have an RS3 maturing on the 7th and have just chosen the same maturity options online as last time - option 4, £200 to another RS4, remainder to a PBS EA account... secure message generated by the maturity option choice at 11:24am, reply received at 11:29am - thankfully our unnamed friend wasn't working today and the instructions were accepted by one of male colleagues.

always external to my Santander current a/c and option 4.

I think when you transfer to internal a/c, it generates a message to give staff an opportunity to review your choice and maybe advise you of a more suitable account.

thanks for that - i'll try to remember next time (this time next month with my last RS3), to send to an external account and see if it still generates a secure message.

chris_the_bee

janusd said:

Speculator said:

janusd said:

Speculator said:

Just given my maturity instruction for my Principality 6 Month Regular Saver Issue 3 maturing on 7/11.

No secure message sent so looks good.

out of interest, what did you choose to do with the remainder - transfer to external account or another PBS internal account? from past posts, i'm wondering if transferring to an external account doesn't generate a secure message.

I have an RS3 maturing on the 7th and have just chosen the same maturity options online as last time - option 4, £200 to another RS4, remainder to a PBS EA account... secure message generated by the maturity option choice at 11:24am, reply received at 11:29am - thankfully our unnamed friend wasn't working today and the instructions were accepted by one of male colleagues.

always external to my Santander current a/c and option 4.

I think when you transfer to internal a/c, it generates a message to give staff an opportunity to review your choice and maybe advise you of a more suitable account.

thanks for that - i'll try to remember next time (this time next month with my last RS3), to send to an external account and see if it still generates a secure message.

I also give maturity instructions (option 2) 2-3 hours after close of business the day before maturity.
Gives no chance for any manual intervention. Never failed yet on 5 additional RS6 accounts

SJMALBA

Principality options - Might the remainder to an internal account seemingly being the trigger for a secure message (and subsequent refusal of the option for a new RS) potentially be, in part, because they would rather 'new money' paid into the new account, rather than the transfer of money that they already have i.e. from another PBS account? (Not sure if that makes any sense tbh, just pondering...)

Whatever the explanation, FWIW, I've always transferred the remainder to an external account, and haven't had any problems so far... touch wood!.

jameseonline

tiptoe_mouse said:

jameseonline said:

Anybody got a Newcastle Regular Saver maturing soon?

I got an email recently explaining it will change to an Easy Saver, which is fine but what I don't understand is why the email shows BOTH a monthly rate AND a yearly rate for the account.

I contacted them via Instagram they seem to suggest instructions being given?

Tried contacting them again they now saying they won't talk about account specifics over social media, I'm like I'm not talking about transaction history or anything 😌

Is interest paid monthly? If so, I imagine one (the lower rate) reflects what the interest would be if it's paid into another account (or withdrawn as soon as it's paid) and the other is the interest rate if you leave it to compound.

Here's a much better explanation - scroll down to where it says Where interest is paid monthly:

https://www.moneysavingexpert.com/banking/interest-rates/#AER

My Current Regular Saver pays at the end of 1 year then it gets converted to Easy Saver as I've already said the maturity email gives BOTH a monthly rate AND a yearly rate & I don't understand why.

jameseonline

Ch1ll1Phlakes said:

jameseonline said:

Anybody got a Newcastle Regular Saver maturing soon?

I got an email recently explaining it will change to an Easy Saver, which is fine but what I don't understand is why the email shows BOTH a monthly rate AND a yearly rate for the account.

I contacted them via Instagram they seem to suggest instructions being given?

Tried contacting them again they now saying they won't talk about account specifics over social media, I'm like I'm not talking about transaction history or anything 😌

The Easy Saver that your account is maturing to, does have both monthly and yearly rate for interest as it probably can be opened to have interest paid monthly or yearly.

As a maturity product, they probably are including any account details they feel are relevant and including both interest rates as 1) monthly and yearly interest rates differ (as highlighted by @tiptioe_mouse above), 2) you may be able have the account opened with either type of interest (if you have to provide instructions or 3) you can possibly have the frequency of interest changed by contacting them after maturity.

If you want more specific details from Newcastle BS I would contact them by phone (hopefully quick as Building societies often are compared to the big banks), email or preferably (as you already have an account) by secure message.

Hope this helps

I just find the email confusing & their conversation over IG doesn't help things, they seem to imply I have to give instruction yet I don't remember having done any when I opened the regular saver nor are they willing to help over IG, I don't have that much experience with Newcastle so was reaching out to see if others could understand their ways.

That's the thing though I'm not applying for an Easy Saver off the bat, if I was I'd understand 2 rates being shown, as I'm not I don't, it's a regular morphing into an easy saver so therefore I think it will be paid after a year like the regular, am I right or wrong?.

Nothing seems as clear as it could be via IG and the email, I guess I will have to ring to try to get to the bottom of it.

It's a clarity thing for me, obviously I will be taking most money out and distributing it elsewhere.

Aidanmc

AIB Regular Saver  
Are manual deposits made from AIB current account to AIB Regular Saver on non working day credited (earning interest) same day?
I understand SO's are next working day, just wondering if manual deposits may be different.

s71hj

Can an extra payment be sneaked in for the Principality RS 4 I have matured into today or will it be strictly 11 more payments? 

Aidanmc

s71hj said:

Can an extra payment be sneaked in for the Principality RS 4 I have matured into today or will it be strictly 11 more payments? 

5 more deposits i believe, 6 month account max balance £1200

janusd

s71hj said:

Can an extra payment be sneaked in for the Principality RS 4 I have matured into today or will it be strictly 11 more payments? 

5 more payments as it's only a 6-Month RS - if you were tempted to throw in a 7th deposit, i'd be more inclined to try it in April (assuming month of maturity) than this month (as doing it this month should cause a rejection and deposit returned) - it probably would be in April too, though i've had a 13th payment accepted into one of their 12-Month RS before...