The Top Regular Savers Discussion Thread

Pickledonionlover

Principality RS Maturity failures 

Having ten currently running I submitted three Maturity Instructions over the weekend to mature into further RS.

All three have been refused by message and that's my first time for refusals.

I'll be interested to see if those type of accounts I've been refused for are part of the postal offering when they drop through my letter box.

masonic

Principality: It seems like it's a pretty consistent outcome. Would be good to hear from anyone who is successful going forward.

where_are_we

mhoc said:

Regarding Healthy Habits - mine also matures December 22nd so assume this was the launch date - 22/12/2023?

I know it is an exercise in futility but I will be doing my maturity instructions late on the 21st as I expect  many will also be doing theirs that weekend - having not get around to doing their instructions until the last few days

When the office opens on Monday 22nd Principality will have a huge backlog of accounts to manually check - send messages, answer messages etc. The Welsh school Christmas holidays  may have already started so parents will be on leave or trying to WFH .... will some of these last minute maturity instructions slip through the net I wonder ... 

Principality RS`s. Seems like a reasonable idea. Mine matures Sunday December 21. How late is it possible to do online maturity instructions remembering that Principality pay out on Saturdays and Sundays.

allegro120

masonic said:

Principality: It seems like it's a pretty consistent outcome. Would be good to hear from anyone who is successful going forward.

Two of mine completed on 5th Dec - still running. Two more were confirmed this morning I hope they will complete on 21st Dec, but who knows?

Digital_Payback

Principality
I submitted maturity instructions online yesterday (7th) for a maturing 6 mth RS 3, and I chose to put some money into a new Christmas Saver, the rest to a current account. I already have a Christmas Saver. 

The RS3 is due to mature 20th Dec. 

If they refuse the 2nd Christmas Saver when would I expect a refusal message or confirmation of my new Christmas Saver? Anyone have any idea?
Thanks. 

MrWannabe

Hoping that the RS experts on here can help/advise?  I opened the Principality ‘6 Month Regular Saver’ late August (it is due to mature in Feb).  Would I be able to open the Principality ‘Christmas 2026 Regular Saver’ now, or would I not eligible (because I already have an active Regular Saver with Principality)?

ForumUser7

MrWannabe said:

Hoping that the RS experts on here can help/advise?  I opened the Principality ‘6 Month Regular Saver’ late August (it is due to mature in Feb).  Would I be able to open the Principality ‘Christmas 2026 Regular Saver’ now, or would I not eligible (because I already have an active Regular Saver with Principality)?

You can open the Christmas 2026 Regular Saver too @MrWannabe

Kim_13

MrWannabe said:

Hoping that the RS experts on here can help/advise?  I opened the Principality ‘6 Month Regular Saver’ late August (it is due to mature in Feb).  Would I be able to open the Principality ‘Christmas 2026 Regular Saver’ now, or would I not eligible (because I already have an active Regular Saver with Principality)?

You're allowed one RS of each Issue, so a 6 Month Issue 4 and a Christmas RS are within the terms. You'll also be allowed a 6 Month Issue 5 alongside your Issue 4 if one appears.

Dizzycap

Digital_Payback said:

Principality
I submitted maturity instructions online yesterday (7th) for a maturing 6 mth RS 3, and I chose to put some money into a new Christmas Saver, the rest to a current account. I already have a Christmas Saver. 

The RS3 is due to mature 20th Dec. 

If they refuse the 2nd Christmas Saver when would I expect a refusal message or confirmation of my new Christmas Saver? Anyone have any idea?
Thanks. 

The last few PBS refusals seemed to have been fairly quick. However, someone also recently had gone right through to the maturity date, had their maturity instruction actioned in full, only to have their additional 6MRS account closed and the funds returned promptly to their bank? Unless I've missed any posts, I'm interested to see if anyone is refused another Christmas RS as a part of their maturity request.

If the BOE drops the interest rate at the next meeting on the 18th, which it seems most banks are anticipating to be the case, then it's possible that PBS may launch a new 6MRS at a lower rate towards the end of the month, which would tie in better with those who are able to successfully open another / more Christmas RSs being at a lower interest rate already.

dcs34

Principality
Now, if one has their maturity instructions rejected, but then tried the same trick again with another maturing account later in December, would it be reasonable for Principality to say that customer was knowingly trying to circumnavigate the rules - and might risk having all open duplicate accounts closed?

Basically just warning that if they are enforcing the rules against you it'd be best to avoid breaking more rules, lest they decide to go the whole way and terminate their relationship with you...