The Top Regular Savers Discussion Thread

janusd

Speculator said:

Bobblehat said:

Speculator said:

Quick question. My Zopa regular matures in 16 days and I've still not paid in my 12th payment. Is it okay to miss payments with the Zopa regular? Thanks in advance.

Page 1 of this thread says you can miss payments 

That's for the current variable rate version.
I assume it will be the same for the fixed rate version.

there's also Bridlington's archive page - that will give you links to an archived version of the relevant Zopa page...

The Archived History Of Regular Savers Thread *** NO CHAT*** — MoneySavingExpert Forum

that said, I couldn't see anything there either way, but my recollection is that you could miss payments on the first/beta versions of the RS too.

Speculator

janusd said:

Speculator said:

Bobblehat said:

Speculator said:

Quick question. My Zopa regular matures in 16 days and I've still not paid in my 12th payment. Is it okay to miss payments with the Zopa regular? Thanks in advance.

Page 1 of this thread says you can miss payments 

That's for the current variable rate version.
I assume it will be the same for the fixed rate version.

there's also Bridlington's archive page - that will give you links to an archived version of the relevant Zopa page...

The Archived History Of Regular Savers Thread *** NO CHAT*** — MoneySavingExpert Forum

that said, I couldn't see anything there either way, but my recollection is that you could miss payments on the first/beta versions of the RS too.

Thanks. I will probably pay in £50 to be on the safe side.

Bridlington1

Speculator said:

janusd said:

Speculator said:

Bobblehat said:

Speculator said:

Quick question. My Zopa regular matures in 16 days and I've still not paid in my 12th payment. Is it okay to miss payments with the Zopa regular? Thanks in advance.

Page 1 of this thread says you can miss payments 

That's for the current variable rate version.
I assume it will be the same for the fixed rate version.

there's also Bridlington's archive page - that will give you links to an archived version of the relevant Zopa page...

The Archived History Of Regular Savers Thread *** NO CHAT*** — MoneySavingExpert Forum

that said, I couldn't see anything there either way, but my recollection is that you could miss payments on the first/beta versions of the RS too.

Thanks. I will probably pay in £50 to be on the safe side.

The summary for the account also appears on one of the monthly summaries, links to them also appear on p1 of the archived thread. 

There was no obligation to make a monthly deposit with the 7.5% version so you don't need to make a deposit this month if you don't wish to.

Speculator

Just noticed Faster Payments into Monmouthshire savings accounts is classed as "Direct Debit Receipt"

Would this affect the amount of interest you will get?

flaneurs_lobster

Speculator said:

Just noticed Faster Payments into Monmouthshire savings accounts is classed as "Direct Debit Receipt"

Would this affect the amount of interest you will get?

How? Why? It's a credit into the account on a particular date.

janusd

Speculator said:

Just noticed Faster Payments into Monmouthshire savings accounts is classed as "Direct Debit Receipt"

Would this affect the amount of interest you will get?

weirdly, all mine are showing as "STANDING ORDER" on the website, but none of them were, they were all manual transfers via FP... however, when you click on the transactions in the app, it does show Direct Debit Receipt... probably just a quirk of the app.

jameseonline

ThePirates said:

Bridlington1 said:

 I typically refresh at the end of the month to push the maturity date on to the end of the month and allowing me to get the best of both worlds. I've done this with Principality BS many times for example.

Can you refresh Principality when you have multiple versions of the same issue?

Not sure how that would work to be honest, think about it, the only way to get multiple of the same issue is only through maturity options, so you close one it's gone, you won't be able to get another (in theory) until an existing account is due to mature

Kim_13

jameseonline said:

ThePirates said:

Bridlington1 said:

 I typically refresh at the end of the month to push the maturity date on to the end of the month and allowing me to get the best of both worlds. I've done this with Principality BS many times for example.

Can you refresh Principality when you have multiple versions of the same issue?

Not sure how that would work to be honest, think about it, the only way to get multiple of the same issue is only through maturity options, so you close one it's gone, you won't be able to get another (in theory) until an existing account is due to mature

Plus requesting closure of something with Principality requires manual intervention, so would be more likely to result in them spotting multiple accounts and exercising their right to close them.

jameseonline

Kim_13 said:

jameseonline said:

ThePirates said:

Bridlington1 said:

 I typically refresh at the end of the month to push the maturity date on to the end of the month and allowing me to get the best of both worlds. I've done this with Principality BS many times for example.

Can you refresh Principality when you have multiple versions of the same issue?

Not sure how that would work to be honest, think about it, the only way to get multiple of the same issue is only through maturity options, so you close one it's gone, you won't be able to get another (in theory) until an existing account is due to mature

Plus requesting closure of something with Principality requires manual intervention, so would be more likely to result in them spotting multiple accounts and exercising their right to close them.

Well yeah there is that too🤣

s71hj

Kim_13 said:

jameseonline said:

ThePirates said:

Bridlington1 said:

 I typically refresh at the end of the month to push the maturity date on to the end of the month and allowing me to get the best of both worlds. I've done this with Principality BS many times for example.

Can you refresh Principality when you have multiple versions of the same issue?

Not sure how that would work to be honest, think about it, the only way to get multiple of the same issue is only through maturity options, so you close one it's gone, you won't be able to get another (in theory) until an existing account is due to mature

Plus requesting closure of something with Principality requires manual intervention, so would be more likely to result in them spotting multiple accounts and exercising their right to close them.

Indeed. I take the ming vase approach with Principality. I almost get nervous on the rare occasions I walk past a branch in case they somehow notice my multiple maturity accounts!