The Top Regular Savers Discussion Thread

topyam

Anybody else struggling to get into the Progressive site?

Bridlington1

topyam said:

Anybody else struggling to get into the Progressive site?

It's not letting me log on either, it says it's down for scheduled maintenance:



It was due to be unavailable from 6:30am this morning according to the banner on their website so it seems to've gone down earlier than planned:

jameseonline

trickydicky14 said:

Hattie627 said:

janusd said:

jd84 said:

Principality 

I made a 7th payment into an Issue 3 this morning and it's showing a £1400 balance, so I can confirm that works.
The extra £200 will be kept in the account when it matures to an issue 4 later this month.

I have 2 PBS accounts maturing this month (my last RS3 and a Healthy Habit), so wasn't going to bother funding them - but on the back of the above, I sent two deposits in and both were showing an hour later.

I'm going to refrain from the temptation to overload any of my PBS accounts (have two accounts both maturing on 22 December which are now full in terms of the T and Cs), even if it is an overlooked infraction.  I don't want to draw attention to myself because I now have 5 X Issue 4 six month RS's, with another Issue 4 due to be born on 5th December as a rollover from my final Issue 3. 

I hope all these comments of over payments to PBS are not going to wake up the Dragon and we all get burnt!
Some folks just don't know when to keep one's head down.

Dylan seems nice to me

trickydicky14

jameseonline said:

trickydicky14 said:

Hattie627 said:

janusd said:

jd84 said:

Principality 

I made a 7th payment into an Issue 3 this morning and it's showing a £1400 balance, so I can confirm that works.
The extra £200 will be kept in the account when it matures to an issue 4 later this month.

I have 2 PBS accounts maturing this month (my last RS3 and a Healthy Habit), so wasn't going to bother funding them - but on the back of the above, I sent two deposits in and both were showing an hour later.

I'm going to refrain from the temptation to overload any of my PBS accounts (have two accounts both maturing on 22 December which are now full in terms of the T and Cs), even if it is an overlooked infraction.  I don't want to draw attention to myself because I now have 5 X Issue 4 six month RS's, with another Issue 4 due to be born on 5th December as a rollover from my final Issue 3. 

I hope all these comments of over payments to PBS are not going to wake up the Dragon and we all get burnt!
Some folks just don't know when to keep one's head down.

Dylan seems nice to me

It's called looking at the bigger picture.

Dizzycap

flaneurs_lobster said:

masonic said:

jameseonline said:

jd84 said:

Principality 

I made a 7th payment into an Issue 3 this morning and it's showing a £1400 balance, so I can confirm that works.
The extra £200 will be kept in the account when it matures to an issue 4 later this month.

Santander 

Someone mentioned paying in more than £200 recently, I have also tested and not had the overpayment returned. Maybe they won't pay interest on the extra.

It may work initially but I'm sure people have said before they've had it returned before.

So far, I've got away with this. It's one less thing to keep track of (remembering not to fund in the final calendar month), so I'm happy for them to return the overpayment if they want to.

It's not so much the risk of an overpayment being returned that stops me making that 7th payment, it's the consequential attention then paid to the other savers....

I totally agree.......

Hattie627

Monmouthshire BS

For those who made SO payments to various RS accounts with MonBS in the early hours of yesterday, these have shown in the app within the last hour. It will be tomorrow before they will show on the accounts online (on past experience).

nomorekids

Dizzycap said:

flaneurs_lobster said:

masonic said:

jameseonline said:

jd84 said:

Principality 

I made a 7th payment into an Issue 3 this morning and it's showing a £1400 balance, so I can confirm that works.
The extra £200 will be kept in the account when it matures to an issue 4 later this month.

Santander 

Someone mentioned paying in more than £200 recently, I have also tested and not had the overpayment returned. Maybe they won't pay interest on the extra.

It may work initially but I'm sure people have said before they've had it returned before.

So far, I've got away with this. It's one less thing to keep track of (remembering not to fund in the final calendar month), so I'm happy for them to return the overpayment if they want to.

It's not so much the risk of an overpayment being returned that stops me making that 7th payment, it's the consequential attention then paid to the other savers....

I totally agree.......

likewise, there is bending the rules and then there is simply taking the mick for the sake of couple of pence interest at the risk of blowing it for every other person simply bending the rules to get more than one of same issue reg saver. I refrain from 7th payments despite most of mine mature at the end of the month, could so easily get that extra months interest in but would rather another six months worth.....

WillPS

Principality

Anybody who thinks their staff are not aware of the bug/quirk at maturity and this thread in general is deluded. I happened to go for a job interview at a building society head office (not Principality, but another semi-regular name in this thread) earlier this year and I saw the MSE Forum header twice in my 2 hrs there, most of which was spent being interviewed, not looking at other people's screens!

I also previously worked for a bank, again a name which appears in this thread fairly regularly and I know for a fact this thread was shared with regards to a bug they had.

If Principality wanted to sort this they'd have had 2 years now to do it one way or another - even potentially just by excluding this account from the maturity options and forcing a new application. That's not to say they're definitely entirely cool with it but they're clearly not MHBS-level livid either.

Any suggestion an end of term overfund might "ruin it for everyone" is superstition at best.

Speculator

After the Newcastle Monument went NLA, someone posted a link on here to the online application which was still live.

My wife (existing online customer) completed the application on 21/10 and got email acknowledgment and a ref number but nothing else so I assumed her application was unsuccessful due to it being NLA.

She logged in yesterday and was surprised to see her Monument account sitting there with zero balance since 21/10. There was also a secure message dated 21/10 confirming her account has been opened and details on how to fund it. It also says her account will be closed if not funded within 14 days.

She sent over £5 initial payment and got the usual investment confirmation email this morning. Now deciding whether to top it up with £495. T&Cs seems to suggest you can miss payments. 

 



 

kermchem

Speculator said:

After the Newcastle Monument went NLA, someone posted a link on here to the online application which was still live.

My wife (existing online customer) completed the application on 21/10 and got email acknowledgment and a ref number but nothing else so I assumed her application was unsuccessful due to it being NLA.

She logged in yesterday and was surprised to see her Monument account sitting there with zero balance since 21/10. There was also a secure message dated 21/10 confirming her account has been opened and details on how to fund it. It also says her account will be closed if not funded within 14 days.

She sent over £5 initial payment and got the usual investment confirmation email this morning. Now deciding whether to top it up with £495. T&Cs seems to suggest you can miss payments. 

 



 

You can miss payments.

Newcastle BS make a donation to local charity if you open the account, deposit £100 and keep it there for 6 months. Although 5.5% is not spectacular at the monent, I would encourage anyone with a Newcastle Monument account to at least make the balance £100 for 6 months.