The Top Regular Savers Discussion Thread

maddiemay

Another new bod, opened Principality 6 month in July and will open an issue 4 on Monday. I keep reading, confusing myself, reading again and glimmers breaking through.  Such a great thread, really helpful people.

Born2Save_3

Kim_13 said:

Born2Save_3 said:

Principality BS Current Maturity Options

Thanks to the people who responded to my questions on selecting the Xmas 26 RS as an option.  If you have this as a maturity option do you have this account already ?

I already have the Xmas26 RS and it was not on my list of maturity options.

Interestingly, my options only included the 1 Year Regular Saver Bond Issue 36 and the 6 Month Regular Saver Issue 4. No Xmas26RS.  And I already have both 1YRSIss36 and 6MRSIss4 accounts.  Seems, for me anyway, PBS are limiting my Xmas26RS numbers at the time of selecting maturity options.

I wouldn't expect a Christmas RS as a maturity option on any account maturing before the 6th or 7th of November, given maturity options are prepared 14 days in advance (so an account maturing on the 6th could have had its options prepared on the 23rd before the Christmas RS went live/the system could pick it up as an option.)

Good point.  It's a 1 Year Regular Saver Bond Issue 35 maturing on 5/11.  So 14 days before is 22/10.

Oh well, I have a 6 Month maturing soon too, so if the Xmas26RS is still available, it may be included.  It almost seems worthwhile to open unattractive RS with the lowest possible funding to take advantage of good maturity options.  I think this has been said before.

s71hj

Born2Save_3 said:

Kim_13 said:

Born2Save_3 said:

Principality BS Current Maturity Options

Thanks to the people who responded to my questions on selecting the Xmas 26 RS as an option.  If you have this as a maturity option do you have this account already ?

I already have the Xmas26 RS and it was not on my list of maturity options.

Interestingly, my options only included the 1 Year Regular Saver Bond Issue 36 and the 6 Month Regular Saver Issue 4. No Xmas26RS.  And I already have both 1YRSIss36 and 6MRSIss4 accounts.  Seems, for me anyway, PBS are limiting my Xmas26RS numbers at the time of selecting maturity options.

I wouldn't expect a Christmas RS as a maturity option on any account maturing before the 6th or 7th of November, given maturity options are prepared 14 days in advance (so an account maturing on the 6th could have had its options prepared on the 23rd before the Christmas RS went live/the system could pick it up as an option.)

Good point.  It's a 1 Year Regular Saver Bond Issue 35 maturing on 5/11.  So 14 days before is 22/10.

Oh well, I have a 6 Month maturing soon too, so if the Xmas26RS is still available, it may be included.  It almost seems worthwhile to open unattractive RS with the lowest possible funding to take advantage of good maturity options.  I think this has been said before.

Have you checked online as opposed to the letter. Often online there are options not featured in the letter

Born2Save_3

Newcastle BS RS Issue 1 Renewal

Mine matured today, 26/10, so I checked about half past midnight and it was still showing as a Regular Saver, but with an interest rate of 2%A and, more importantly, the interest added and appropriate statement line.

I applied for a new RS Issue 1 and it seemed to go through ok; I was informed that the new RS should be set up within 24 hours and I received an email stating the same also.  With the account still being called a regular saver I expected to be told as soon as I tried applying for a new one that I cannot as I already have one, but not so.

Also, as the maturing RS account is in a state of transition, I could not select it to do a transfer to my nominated.  The account was not in the list of available accounts.

2%A is the current rate for an Newcastle EA account.

Question now is when to do the transfer from the EA account I hope will appear later today.  

Hattie627

Born2Save_3 said:

Principality BS Current Maturity Options

Thanks to the people who responded to my questions on selecting the Xmas 26 RS as an option.  If you have this as a maturity option do you have this account already ?

I already have the Xmas26 RS and it was not on my list of maturity options.

Interestingly, my options only included the 1 Year Regular Saver Bond Issue 36 and the 6 Month Regular Saver Issue 4. No Xmas26RS.  And I already have both 1YRSIss36 and 6MRSIss4 accounts.  Seems, for me anyway, PBS are limiting my Xmas26RS numbers at the time of selecting maturity options.

I have a 6 month RS Issue 3 maturing on 8th November.
When I looked for the maturity options which appeared online on Saturday morning (25th October) the 2026 Xmas RS was on the list, even though I had successfully opened (and funded) a 2026 Xmas RS on the day it launched (was it Thursday?). I selected another 6 month RS (Issue 4) as my maturity option, but I could have gone for another 2026 Xmas RS. So, yes, check your maturity options for the maturing account online. Don't rely on maturity options letter

Born2Save_3

s71hj said:

Born2Save_3 said:

Kim_13 said:

Born2Save_3 said:

Principality BS Current Maturity Options

Thanks to the people who responded to my questions on selecting the Xmas 26 RS as an option.  If you have this as a maturity option do you have this account already ?

I already have the Xmas26 RS and it was not on my list of maturity options.

Interestingly, my options only included the 1 Year Regular Saver Bond Issue 36 and the 6 Month Regular Saver Issue 4. No Xmas26RS.  And I already have both 1YRSIss36 and 6MRSIss4 accounts.  Seems, for me anyway, PBS are limiting my Xmas26RS numbers at the time of selecting maturity options.

I wouldn't expect a Christmas RS as a maturity option on any account maturing before the 6th or 7th of November, given maturity options are prepared 14 days in advance (so an account maturing on the 6th could have had its options prepared on the 23rd before the Christmas RS went live/the system could pick it up as an option.)

Good point.  It's a 1 Year Regular Saver Bond Issue 35 maturing on 5/11.  So 14 days before is 22/10.

Oh well, I have a 6 Month maturing soon too, so if the Xmas26RS is still available, it may be included.  It almost seems worthwhile to open unattractive RS with the lowest possible funding to take advantage of good maturity options.  I think this has been said before.

Have you checked online as opposed to the letter. Often online there are options not featured in the letter

Sadly it was online.  I left choosing the option for a few days, till after the Xmas26RS appeared, in the hope it would be there.  Also, other people have confirmed yesterday that the Xmas26 is showing as an online option.  What Kim_13 said makes sense.  I haven't seen the maturity letter yet, but will check just in case it is on the letter.  If it is and I can get the letter back to PBS, that will be an interesting situation.  Will have to make clear on letter to override previous older online choice and not to look too closely at what I already have.

surreysaver

Born2Save_3 said:

Newcastle BS RS Issue 1 Renewal

Mine matured today, 26/10, so I checked about half past midnight and it was still showing as a Regular Saver, but with an interest rate of 2%A and, more importantly, the interest added and appropriate statement line.

I applied for a new RS Issue 1 and it seemed to go through ok; I was informed that the new RS should be set up within 24 hours and I received an email stating the same also.  With the account still being called a regular saver I expected to be told as soon as I tried applying for a new one that I cannot as I already have one, but not so.

Also, as the maturing RS account is in a state of transition, I could not select it to do a transfer to my nominated.  The account was not in the list of available accounts.

2%A is the current rate for an Newcastle EA account.

Question now is when to do the transfer from the EA account I hope will appear later today.  

Mine matured Saturday, but I removed all the money except £1 on Friday knowing it would only earn a small rate if kept in the account. The rest I shall remove on Monday 

Growingold

Aidanmc said:

Growingold said:

Born2Save_3 said:

Hanley Economic BS 1Yr Online Smart Saver: Transfer To Date and Time and Credit Date

I opened my account without issue on 21/10 and did the full transfer, faster payment, at 17:46 on the same day.  After a phone call to HEBS I would have expected that transfer to be included in the 21/10 batch of transactions and provided by Lloyds to HEBS early on 22/10.  I don't know if it actually was.  Anyway the credit appeared on my account on 23/10 with the same credit date, 23/10. 

So I think with any faster payment transfer to HEBS, best to do it (very) early in the day and do not expect it to be credited till the following day.  Which makes me think, should I do future transfers on the last day of the month ?  Also what would be the best way to manage 1st of month/end of month even on non banking days.

In the above situation, I lost 2 days at 4.55%A for £300.

Do card payments have the same credit date in the account as the date of transaction ?  I could do this from an overdraft, so I don't have the cash sitting in a current account.

Yes Debit card payments have the same credit date as the date of transaction.  I tested both these and faster payments (done very early in the day even)  As someone else said faster payments go through LLoyds and so not until next day at earliest which was confirmed by my experience whereas DC payments practically instant.  For me going forward DC wins the day.

Would this only apply to working days?

Have only done on working days so far,  will test next weekend when the 1st falls on a Saturday or even try on the Sunday.  As for whether interest accrues from date of deposit if you go into your account online you can see accrued interest there.  I think it does but maybe someone with better knowledge can work it out.

chris_the_bee

Beverley
Regular Saver Issue 1 (NLA) is a peculiar RS. Interest rate is 5.5% of which 4.5% is conditional upon:-

1. Depositing between £10 & £150 each month
2. Making no withdrawals in the year
3. The account remaining open on 31st December

This means the account should only be closed on 1st January after the interest including conditional bonus has been credited. If closed on any other date, or if a withdrawal is made then the conditional bonus for that year is forfeited.
Thus the account should be viewed as long term as there is no end date
It can probably be closed without loosing the bonus if Beverley reduce the interest rate.

chris_the_bee

Bank of Scotland
Anyone had any luck opening  the Monthly Saver?
I keep getting "Something went wrong" message.
Tried since Thursday