The Top Regular Savers Discussion Thread

flaneurs_lobster

Just to get onboard the DUDLEY BS love boat

Sent £500 on 01/04 to an EA account that I shut last year rather than my RS (forgot to delete payee).

Bounced back to my current account 02/04 PM. Thought I'd have to leave that to next week to sort out.

Section62

https://forums.moneysavingexpert.com/discussion/comment/81948412#Comment_81948412

Just to add Suffolk BS have also been having problems allocating debit card payments to customer accounts in the last few days - they are having to manually process (some of?) them, so there may be a delay before the payment appears on the destination account. They say interest will be backdated to reflect the original date of deposit though.

I made some debit card payments on the 1st and noticed a new/different 'Worldpay' form asking for name/address details etc Not sure if that is part of an intentional new process, or was a symptom of whatever glitch Suffolk were having.

Hattie627

Principality

My Triple Access RS matures on 18th April. No maturity menu showing online yet (as expected).

However I received today a letter from PBS about the forthcoming maturity. Saying that the account will mature into an e Saver (2,25%).

Inviting me to check their website to look into other accounts, decide if I want to open a new account and then can transfer funds from the e Saver into the new account.

Looks like there will be no rollover options.

This may be PBS getting round the problem of multiple openings of the same issue by way of maturity options.

(Not that anyone would want multiple issues of any of their current RSs)

PS Royal Mail are delivering today (bank holiday) in Scotland. May be different in E & W. Holidays are different up here.

friolento

https://forums.moneysavingexpert.com/discussion/comment/81948565#Comment_81948565

I had a similar/same letter. It is very different in tone and content to the previous maturity letters from Principality. Not a positive development for their customers.

It seems they have had a change in Head of Customer Serviices. Previous letters were sgned by a lady, now it seems to be a gent (can't mention names here as MSE have asked not to refer provider's staff by name).

Stargunner

https://forums.moneysavingexpert.com/discussion/comment/81948565#Comment_81948565

maturity options don’t appear online until 14 days before maturity.

gt94sss2

I believe previous Triple Access Regular Saver accounts from Principality have also not offered the "standard" maturity options so I would not read too much into this.

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/81948565#Comment_81948565

Triple Access was always an outlier, I had no maturity options for mine maturing in April 2025 (back when duplicates via maturity options were still being approved.) Until a Regular Saver Bond or 6 Month Regular Saver matures with no options, we won't know that anything beyond the name on the letters has changed.

Hattie627

https://forums.moneysavingexpert.com/discussion/comment/81948685#Comment_81948685

Thank you, I wasn't aware of previous maturity experience with the Triple Access. This feels very different from 6 month RS maturities. As it happens I have a 6 month RS maturing on 24th April (6 days after my Triple Access) so will see what happens then

Hattie627

https://forums.moneysavingexpert.com/discussion/comment/81948683#Comment_81948683

Thank you. I wasn't aware of previous Triple Access maturity options, and have obviously read too much into the letter received today.

mhoc

Just wondering if this is a good strategy. Both mine and OHs Halifax regular savers and LLoyds regular saver and monthly savers all mature in May - so just one more payment to go in. I am considering “refreshing” all 6 after we are into the new tax year so the new accounts will then mature mid April 2027. Good strategy or do I just wait until May?

My reasoning is that this month there are 5 Principality accounts maturing with no suitable accounts to roll over into unless Principality have a new product this month. There will be a gap in April 2027 which might cause a funds shortfall unless I open new regular savers this month (if not I will have to look at 1 year bonds)

Any maturing funds this month will go into an easy access ISA