The Top Regular Savers Discussion Thread

Dizzycap

Bob2000 said:

Well, l can see from the last few posts that Principality is wising up to multiples  of same issue number accounts.

So, who has had their accounts  closed, and are we talking hours, days, or weeks before they get in contact?

I've so far closed on maturity  my issue 3s, had three of them, but currently  have two Xmas savers. 
Do you think one of them will be shut down eventually?

So far no PBS maturity rejections. 6 month RS issue 3 matured into 6 month RS issue 4 without issue yesterday (5th Dec) - Now holding 4 6 month RS Issue 4's. However, it seems that others don't appear to be so fortunate    The next 2 PBS RS I have don't reach maturity until early January, but with PBS account update last night, I am assuming a worse case senario that I won't be able to morph my January PBS maturities into PBS RS issues; including should it still be available, the Christmas RS which I already hold 2 of.

Maybe PBS will bring out a new issue of a 6 month RS soon, be it at a lower but palatable interest rate. 

mhoc

I am wondering how much effort is this taking for Principality to manually check each account with maturity instructions, send out account messages and emails, close excess accounts and probably deal with extra phone calls, messages and emails
 - probably someone has written a new programme which lists all of the maturing accounts and highlights ones where there are duplicate accounts but even so the list must run into thousands. 

I am now wondering how long more will it be before surplus Cahoot accounts will also be culled ...

In the meantime time for a new strategy as many of us will have multiple Principalities closing over the next few months - at some point in 2026 we will only have left the Triple Access, Christmas 2026, Regular saver 36 and maybe Regular 37 and a few six month savers - issue 5 and the last of the issue 4s ...

Time to start filling the lesser regular savers - the B grade ones left unfunded or underfunded.
Or to make the effort and get some branch only accounts opened .
For me I will be putting some of the maturing funds into a new easy access ISA for the time being ...

cricidmuslibale

Some of the PBS ‘savings team’ (probably under strict instruction from Head Office) appear to be working rather too hard at the moment! Surely they must be mentally exhausted with all this unnecessary extra faff by now! I reckon they could really benefit from an extended Christmas break starting asap, preferably from today!

allegro120

Hattie627 said:

Principality BS

I've got a couple of RS's (Healthy Habits RS and a Christmas 2025 RS) both maturing on 22nd December. Maturity options should be open online for both this coming Monday (8th). I'm thinking that I might delay entering maturity instructions until things become clearer. Cannot be bothered with the hassle of an illegitimate rollover being either rejected at the time of entering the instructions or allowed but later reversed. Anyone else got a maturity on or around 22 December? 

Yes, both are to mature on 21st December. I have the 8th in my diary for taking action. 

I'm not too hopeful about Healthy Habits, not all Principality's RSs had maturity option, Triple Access RS didn't.

chris_the_bee

mhoc said:

I put the maturity instructions in very late on the 4th for OHs two Principalities that were maturing on the 5th.  Yesterday morning in the current account I could see the full amount for the Principality I had maturing plus OHs two accounts which had £150 less so I sighed deeply!
Later that day a message in the inbox which I've not looked at yet, not logged in but the two £150 amounts also arrived back ion the current account.
OH well at least we tried 

Principality
Same happened to me with 4 off 6MRS maturing on 4th December trying to open new 6MRS for both self and OH.
However, for 2 off 6MRS maturing 5th December, I chose to renew to X-mas RS despite already having them. This seems to have been OK, no secure message and no refund of 2 x £150.

Hattie627

allegro120 said:

Hattie627 said:

Principality BS

I've got a couple of RS's (Healthy Habits RS and a Christmas 2025 RS) both maturing on 22nd December. Maturity options should be open online for both this coming Monday (8th). I'm thinking that I might delay entering maturity instructions until things become clearer. Cannot be bothered with the hassle of an illegitimate rollover being either rejected at the time of entering the instructions or allowed but later reversed. Anyone else got a maturity on or around 22 December? 

Yes, both are to mature on 21st December. I have the 8th in my diary for taking action. 

I'm not too hopeful about Healthy Habits, not all Principality's RSs had maturity option, Triple Access RS didn't.

I think that's because Triple Access RS wasn't (and presumably still isn't) deemed an "online account", even though you can see it online with your other accounts. I only realised this when I got the last annual statement by post with tax information but Triple Access RS wasn't included. Not really sure what the consequences of "not being an online account" are, other than not included on the annual statement. I generally like PBS and their systems, but there are a few quirks.

allegro120

WillPS said:

Bob2000 said:

Well, l can see from the last few posts that Principality is wising up to multiples  of same issue number accounts.

So, who has had their accounts  closed, and are we talking hours, days, or weeks before they get in contact?

I've so far closed on maturity  my issue 3s, had three of them, but currently  have two Xmas savers. 
Do you think one of them will be shut down eventually?

My wife's were 3rd and 5th Dec, maturity information added around 6pm on the 2nd and the 4th respectively.

Both maturity instructions were carried out at around 0915 on the 3rd and 5th, but then subsequently the accounts were closed with the remaining £200 returned around 1600 both days.

We've had to shift strategy pretty rapidly - so it's a great vindication for speculatively opening accounts just outside current usefulness - Darlington @ 6% had gone unfunded since August but is now back on the 'fully fund' list. Finally opened a Skipton accounts as they have just hovered under our usefulness radar up to now (the heady 8% days were all missed because we hadn't been members long enough).

Also refreshed and funded Halifax @ 5.5%. Had to close BOS as no renewal options presented but that too will be refreshed and funded once that's actioned. Depressingly even opened and funded a Lloyds Monthly Saver @ 5.25%... although likely just an easy access saver than one that'll get fully funded. 

Still no online access for Loughborough Holiday Saver @ 5.6% but given it's within 6 months of term this too might unexpectedly get a little more than the minimal funding it's had. My notes say the account allows 1 withdrawal and a branch trip is doable if needs be.

Every time I call Loughborough to check my balances they apologise for the computer being too slow. After checking the balance on one account they have to go on different screen to check the other two and that is slow too.  When I was opening Super Saver in branch, they were experiencing some IT problems.... I'm not too hopeful for online access any time soon

 

Bridlington1

Hattie627 said:

allegro120 said:

Hattie627 said:

Principality BS

I've got a couple of RS's (Healthy Habits RS and a Christmas 2025 RS) both maturing on 22nd December. Maturity options should be open online for both this coming Monday (8th). I'm thinking that I might delay entering maturity instructions until things become clearer. Cannot be bothered with the hassle of an illegitimate rollover being either rejected at the time of entering the instructions or allowed but later reversed. Anyone else got a maturity on or around 22 December? 

Yes, both are to mature on 21st December. I have the 8th in my diary for taking action. 

I'm not too hopeful about Healthy Habits, not all Principality's RSs had maturity option, Triple Access RS didn't.

I think that's because Triple Access RS wasn't (and presumably still isn't) deemed an "online account", even though you can see it online with your other accounts. I only realised this when I got the last annual statement by post with tax information but Triple Access RS wasn't included. Not really sure what the consequences of "not being an online account" are, other than not included on the annual statement. I generally like PBS and their systems, but there are a few quirks.

With regards to the Triple Access RS not giving you the option to roll it over into a new RS, I suspect it's down to the application link.

The application link deems the Triple Access RS's product type to be an ``eSaver", the same goes for their First Home Saver. The application link for the 6 Month RS, the RS bonds, Christmas RS etc deems its product type to be a ``RegularSaver". To illustrate the difference there's a couple of application links below:

The online triple access RS has the application link:
https://online.principality.co.uk/Originations/LaunchPage.aspx?ProductCode=9052&ProductType=eSaver&CIJ=true#!

The 6 month RS Issue 4 has the application link:
https://online.principality.co.uk/Originations/LaunchPage.aspx?ProductCode=6086&ProductType=RegularSaver&CIJ=true#!

allegro120 said:

Hattie627 said:

Principality BS

I've got a couple of RS's (Healthy Habits RS and a Christmas 2025 RS) both maturing on 22nd December. Maturity options should be open online for both this coming Monday (8th). I'm thinking that I might delay entering maturity instructions until things become clearer. Cannot be bothered with the hassle of an illegitimate rollover being either rejected at the time of entering the instructions or allowed but later reversed. Anyone else got a maturity on or around 22 December? 

Yes, both are to mature on 21st December. I have the 8th in my diary for taking action. 

I'm not too hopeful about Healthy Habits, not all Principality's RSs had maturity option, Triple Access RS didn't.

The 2 Year Healthy Habits RS application link had the ProductType=RegularSaver in it so if I were to hazard a guess I'd say they'll give you the option to roll it over into a new RS. Whether or not they allow you to in practice is a different matter given their recent habit of closing duplicate accounts.

allegro120

mhoc said:

I am wondering how much effort is this taking for Principality to manually check each account with maturity instructions, send out account messages and emails, close excess accounts and probably deal with extra phone calls, messages and emails
 - probably someone has written a new programme which lists all of the maturing accounts and highlights ones where there are duplicate accounts but even so the list must run into thousands. 

I am now wondering how long more will it be before surplus Cahoot accounts will also be culled ...

In the meantime time for a new strategy as many of us will have multiple Principalities closing over the next few months - at some point in 2026 we will only have left the Triple Access, Christmas 2026, Regular saver 36 and maybe Regular 37 and a few six month savers - issue 5 and the last of the issue 4s ...

Time to start filling the lesser regular savers - the B grade ones left unfunded or underfunded.
Or to make the effort and get some branch only accounts opened .
For me I will be putting some of the maturing funds into a new easy access ISA for the time being ...

Nobody knows how long this will last; meanwhile, I’m taking advantage of these “initiatives” while they’re available. With the exception of a small amount in my speculative accounts, all my non-ISA money is earning 5%+. 
I’ve secured Zopa’s 4.75% and Ulster’s 4.5%, so I’m prepared for any changes in Cahoot’s attitude.

Bridlington1

allegro120 said:

mhoc said:

I am wondering how much effort is this taking for Principality to manually check each account with maturity instructions, send out account messages and emails, close excess accounts and probably deal with extra phone calls, messages and emails
 - probably someone has written a new programme which lists all of the maturing accounts and highlights ones where there are duplicate accounts but even so the list must run into thousands. 

I am now wondering how long more will it be before surplus Cahoot accounts will also be culled ...

In the meantime time for a new strategy as many of us will have multiple Principalities closing over the next few months - at some point in 2026 we will only have left the Triple Access, Christmas 2026, Regular saver 36 and maybe Regular 37 and a few six month savers - issue 5 and the last of the issue 4s ...

Time to start filling the lesser regular savers - the B grade ones left unfunded or underfunded.
Or to make the effort and get some branch only accounts opened .
For me I will be putting some of the maturing funds into a new easy access ISA for the time being ...

Nobody knows how long this will last; meanwhile, I’m taking advantage of these “initiatives” while they’re available. With the exception of a small amount in my speculative accounts, all my non-ISA money is earning 5%+. 
I’ve secured Zopa’s 4.75% and Ulster’s 4.5%, so I’m prepared for any changes in Cahoot’s attitude.

I've not actually got more than the minimum in EA accounts barring the Edge Saver, my non-ISA savings have ended up in RSs.

Even if Principality decide to cull all of my duplicate accounts in one fell swoop, it shan't make that much of a difference to my RSs overall as I'm set to be short of funds to fill my RSs paying 6%+ each month for the next 3 months so it would just stop me purging one of my other lower rate regular savers.