The Top Regular Savers Discussion Thread

Kim_13

Bridlington1 said:

Kim_13 said:

Dizzycap said:

chris_the_bee said:

Bob2000 said:

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.

So, in your case, they returned  the funds almost  immediately. (Principality) I've got 3 accounts  maturing in the next few weeks, but am not sure now whether to chance applying for duplicates of already holding accounts?

Principality
Has to be worth a chance. I had two duplicate 6MRS rejected and funds returned to me, but a duplicate X-masRS was accepted.

This makes me wonder if Principality have a set number of accounts per issue type & once reached, maturity instructions are not actioned?

If this theory is correct, we might see a 6 Month Issue 5 sooner than we think.

Either that or it could simply be a case of Principality staff manually checking maturing accounts whenever they get time, if they're busy more maturity instructions would be honoured, of they're less busy they'd check more accounts and be more likely to close the duplicate accounts. I'm just speculating to be honest.

I suspect the 6 Month version would be higher up a manual check list, if there is one. While some MSErs weigh up the two (if you can only afford to fund £150 a month, then some of the 6 Month's advantage is wiped out as the £50 extra per month is not being paid in; also the return that the £1,000 would be making in a Feeder account in months 6 - 11 while waiting to go back into a subsequent account - if one is still being offered) if anyone outside of this forum is aware of duplicates then I expect they would overwhelmingly look at the rate only.

clairec666

Kim_13 said:

Dizzycap said:

chris_the_bee said:

Bob2000 said:

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.

So, in your case, they returned  the funds almost  immediately. (Principality) I've got 3 accounts  maturing in the next few weeks, but am not sure now whether to chance applying for duplicates of already holding accounts?

Principality
Has to be worth a chance. I had two duplicate 6MRS rejected and funds returned to me, but a duplicate X-masRS was accepted.

This makes me wonder if Principality have a set number of accounts per issue type & once reached, maturity instructions are not actioned?

If this theory is correct, we might see a 6 Month Issue 5 sooner than we think.

I'm anticipating that issue 5 may appear towards the end of the month, if the base rate is reduced on the 18th.

chris_the_bee

Dizzycap said:

chris_the_bee said:

Bob2000 said:

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.

So, in your case, they returned  the funds almost  immediately. (Principality) I've got 3 accounts  maturing in the next few weeks, but am not sure now whether to chance applying for duplicates of already holding accounts?

Principality
Has to be worth a chance. I had two duplicate 6MRS rejected and funds returned to me, but a duplicate X-masRS was accepted.

This makes me wonder if Principality have a set number of accounts per issue type & once reached, maturity instructions are not actioned?

Principality
Maybe. I already had 4 off 6MRS & was trying for another two, but only had one X-masRS.

trickydicky14

Bridlington1 said:

Kim_13 said:

Dizzycap said:

chris_the_bee said:

Bob2000 said:

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.

So, in your case, they returned  the funds almost  immediately. (Principality) I've got 3 accounts  maturing in the next few weeks, but am not sure now whether to chance applying for duplicates of already holding accounts?

Principality
Has to be worth a chance. I had two duplicate 6MRS rejected and funds returned to me, but a duplicate X-masRS was accepted.

This makes me wonder if Principality have a set number of accounts per issue type & once reached, maturity instructions are not actioned?

If this theory is correct, we might see a 6Month Issue 5 sooner than we think.

Either that or it could simply be a case of Principality staff manually checking maturing accounts whenever they get time, if they're busy more maturity instructions would be honoured, of they're less busy they'd check more accounts and be more likely to close the duplicate accounts. I'm just speculating to be honest.

That's the thing Bridlington1, for months all we have is speculation. We know no more how this works than we did when the first person managed to open two accounts.

allegro120

trickydicky14 said:

Bridlington1 said:

Kim_13 said:

Dizzycap said:

chris_the_bee said:

Bob2000 said:

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.

So, in your case, they returned  the funds almost  immediately. (Principality) I've got 3 accounts  maturing in the next few weeks, but am not sure now whether to chance applying for duplicates of already holding accounts?

Principality
Has to be worth a chance. I had two duplicate 6MRS rejected and funds returned to me, but a duplicate X-masRS was accepted.

This makes me wonder if Principality have a set number of accounts per issue type & once reached, maturity instructions are not actioned?

If this theory is correct, we might see a 6Month Issue 5 sooner than we think.

Either that or it could simply be a case of Principality staff manually checking maturing accounts whenever they get time, if they're busy more maturity instructions would be honoured, of they're less busy they'd check more accounts and be more likely to close the duplicate accounts. I'm just speculating to be honest.

That's the thing Bridlington1, for months all we have is speculation. We know no more how this works than we did when the first person managed to open two accounts.

Exactly! There's no clear pattern, just a matter of luck. None of the endless theories (even green piece of clothing proved correct.  All you can do is just go for it, if it works - good for you, if it fails - bad luck.  I've been lucky so far, don't want to mention how many duplicates I have, but I've taken every opportunity since the option was introduced. If my next maturity roll-over fails I'll simply accept the fact and move on.

Dizzycap

chris_the_bee said:

Dizzycap said:

chris_the_bee said:

Bob2000 said:

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.

So, in your case, they returned  the funds almost  immediately. (Principality) I've got 3 accounts  maturing in the next few weeks, but am not sure now whether to chance applying for duplicates of already holding accounts?

Principality
Has to be worth a chance. I had two duplicate 6MRS rejected and funds returned to me, but a duplicate X-masRS was accepted.

This makes me wonder if Principality have a set number of accounts per issue type & once reached, maturity instructions are not actioned?

Principality
Maybe. I already had 4 off 6MRS & was trying for another two, but only had one X-masRS.

That's interesting because I now have 4 6MRS; the last maturity instruction was for a 4th 6MRS on the 5th December which went through without an issue. I've never held more than 4 RS same account types at any one time. I also hold 2 Christmas RS and the 2 PBS RS accounts maturing in early January, I'm hoping to convert to 2 more Christmas RS; if still available, again making a total of 4.

On the other hand, PBS maybe double checking maturity instructions more carefully than before - I'm sure we would all love to get to the bottom of it, but it maybe as simple as PBS now adherding to their t&c's for each RS account type, regardless of what time of day maturity instructions are set.

I will certainly be interested to see if others continue to have issues with maturity instructions through December - hopefully not! 

janusd

Just submitted my maturity instructions for the Principality Healthy Habits RS maturing on the 22nd - option 2, £150 for another Xmas RS, the remaining balance back to my nominated account... as per with my last renewal, no secure message was generated to PBS.

life's too short to try to determine some magical time when these should be submitted, so just getting it out of the way - if it goes through, then I don't have to worry about this account for another year; if it fails, it would have done so whatever I chose at maturity - so c'est la vie.

if the above matures as instructed, I will have 3 x Issue 4 RS and 3 x Xmas 2026 RS - next PBS maturity for me would then be the end of February, so if the predictions are correct, Issue 5 should be available by then and the madness continues.

SonOfPearl

Principality BS

I submitted maturity instructions yesterday (Sunday) for my Healthy Habits Saver to reinvest (option 2) into a 6 Month Regular Saver Issue 4. But I received a secure message today cancelling the maturity instruction since I already have that account. Instead all the money will be returned to my current account on maturity.

This is the first time I have been refused when requesting a maturing PBS account become a duplicate of an already held account. I'm not overly bothered, but it would be more sensible for PBS to amend their IT system to not offer ineligible maturity options in the first place. 

I am curious however what will happen (if anything) to my existing six 6 Month Regular Saver Issue 4 accounts! 

solartom

As promised update
Re Principlity Maturity instructions for Health Habit 
Set instructions Sunday Pm no message sent as far as i can see


Hello, Thanks for providing your maturity instructions for your Regular Saver Bond. We noticed that you requested to transfer your account to another Regular Saver Bond. Unfortunately, you already hold a bond with the same issue number, so we’re unable to complete this request. Our terms and conditions state that you can only hold one bond per issue number. We’ve updated your instructions so that your account will close at maturity and your closing balance will be sent to your nominated bank account. If you have a standing order set up for regular payments into this account, please cancel it when the account matures, as we won’t be able to accept any further deposits. If you have any questions, you can contact us by sending a secure message or calling us on 0330 333 4000. We’re here to help, Your Savings Account Team

mhoc

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 ...