The Top Regular Savers Discussion Thread

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Principality 6 month

The extra interest on a 7th payment gives an additional interest equal to a maximum of £1.21 on 30 days, or just under £1 after 20% tax.

Allowing for less period, mine matures on 21st, and that I have to take the £200 from cahoot at 5% interest. The benefit that I would gain would be only 27p gross or 22p after basic rate tax (£200 @ 2.36% annual for 21 days)  As some have already commented, the reward is too small for the risk.

Chaykin

I found that Principality BS does not enforce their maximum balance rule. Never had an issue with 7th or 13th payments. Skipton BS however do enforce as I remember once having 13th payment returned. Any other examples of (not)enforcing maximum balance?

WillPS

Chaykin said:

I found that Principality BS does not enforce their maximum balance rule. Never had an issue with 7th or 13th payments. Skipton BS however do enforce as I remember once having 13th payment returned. Any other examples of (not)enforcing maximum balance?

MonBS do enforce it, including a couple of years ago with an account that had no stated maximum balance/number of deposits (they eventually increased the threshold due to complaints).

where_are_we

PowerSavingMode said:

StevieR said:

My Chorley Regular Saver 30/11/25 has matured and £400 of it has rolled over into a new Regular Saver 30/11/26

Chorley Regular Saver 

Was that automatic rollover, and at the same interest rate, or as a result of your maturity instructions?

Chorley Seasonal Saver 30/11/25 which is very similar to their RS 30/11/25 - My OH did maturity instructions on SS, £400 rolled over to new SS with same account details payment dated 30/11/25 which means 12 further payments can be made starting today resulting in a total of 13 payments with a £5200 maturity balance. My OH has a low income and benefits from most of the £5000 0% starting savings allowance making this 5.15% account just about worthwhile having already filled up the better paying RS`s.
However (being a 20% tax payer) the lowish 5.15% interest rate means I have decided to dip my toes in the water with a £25 opening deposit into a new SS with no further funding.
It is slightly annoying that Chorley use BACS for their payouts (not Faster Payments) which can take 3 days.

Archerychick

jameseonline said:

Born2Save_3 said:

jameseonline said:

Things seem ok with my Principality accounts, can't fund 2 of them though as already maxed out which does mean of course we get to play the can we get another issue 4 game TWICE this month 😁.

I've always been able to deposit a 13th/7th full payment; no issues. Or have I misunderstood you ?

The max limit per 6 month account is £1200, if you been able to fund more you've been lucky not to have overpayment returned 

I accidentally funded mine maturing late December, now has a balance of £1400. Had expected it to be returned 

allegro120

WillPS said:

Chaykin said:

I found that Principality BS does not enforce their maximum balance rule. Never had an issue with 7th or 13th payments. Skipton BS however do enforce as I remember once having 13th payment returned. Any other examples of (not)enforcing maximum balance?

MonBS do enforce it, including a couple of years ago with an account that had no stated maximum balance/number of deposits (they eventually increased the threshold due to complaints).

There was a similar story with Gatehouse.  No maximum balance stated in t&c, but they returned 13th payments.