The Top Regular Savers Discussion Thread

Bob2000

https://forums.moneysavingexpert.com/discussion/comment/82022201#Comment_82022201

I just checked, and there is no issues for me.Two different banks and three separate PBS accounts.

Hattie627

I will be leaving a large Estate to a sole beneficiary, my niece who is currently 27 years of age. She is very mature, competent and well-organised in her financial administration, and she will more than cope when the time comes. She is also my Executor. I have discussed with her over several meetings the nature and extent of my Estate, and she understands what is involved. She is herself a client of the firm of solicitors who are custodians of my Will, and she will instruct that firm to act as legal agent for her (as Executor) in winding-up the Estate on my death. While I am alive I "share" with her an online document (prepared by me) listing all my assets and other vital information (for example, I have a rented-out property and the information includes the name and contact person in the letting agency which manages it for me; my niece will become landlord by inheritance under Scottish residential letting law and can either sell the property in her capacity as Executor subject to the tenancy, or recover possession to sell with vacant possession; she will take legal and financial advice on this after my death assuming I still own the property). With regard to savings and bank accounts, the document lists these with the name of the institution and account number(s) only (no details of balances etc). As accounts mature or are otherwise closed, I simply delete them from the list. It is very easy to keep the document up-to-date (just part of the routine now when I open and close accounts). I add new accounts as and when opened. I do not list the types of account (other than whether "savings" or "current") and I do not put addresses for the institutions (these change over time and the solicitor, or more likely paralegal, can quickly find Head Office addresses or other contact details online when handling the winding-up). Passbooks etc are not required after death (I have fairly recently wound up an Estate myself as Executor without using a solicitor, and was never asked for a passbook or similar). I do not give out passwords/online access information to my niece (not because I don't trust her with this information, but it is arguably a breach of the conditions of the various accounts and she has no need of this information either before or after my death). Because I keep the list document meticulously up-to-date, my niece won't have the laborious and depressing task of sifting through paperwork after my death (and some accounts nowadays don't have paperwork anyway). I have explained it all to my niece. She will hand the up-to-date list to the solicitors after my death and let them get on with it. They will write to the various institutions for date of death balances/valuations of account, and prepare the inventory of Estate for IHT and Confirmation (probate) purposes. Yes, a multiplicity of accounts/institutions may result in higher legal fees for the winding-up but this won't be a huge factor in the overall scheme of things. I want a good return on my cash savings while I am alive and this (of necessity) involves a multiplicity of accounts/institutions.

Dizzycap

@poblomov @ ToastLady @ Bob2000 @ allegro120 - Thank you for your replies regarding Principality. Phone call to them tomorrow it seems 🙁. I sometimes wonder if glitches / issues occur so that you have to make a phone call to keep someone else busy 😅. Although I certainly don't envy Teachers BS with the amount of calls they must be receiving whilst working with a backlog of RS applications 😯.

dcs34

It seems my quest last week to open "missing" accounts with Building Societies has backfired with my application for the Teachers BS regular saver disappearing into the ether. No entry of the application when I log into the online account. However reassuring that it seems other existing customers have the same issue.

For newbies to TBS you can make the payment once you get the "temporary" opening deposit reference number; but it won't be valid for CoP checks until the next day, so up to you if you want to do it early or wait for fewer warning messages.

10_66

https://forums.moneysavingexpert.com/discussion/comment/82022010#Comment_82022010

OH and I are both new customers, applied within a few minutes of each other, I got immediate email and account was opened yesterday, OH has had nothing at all from them, took screenshot at end of application though (just in case, and it did have different wording from mine).

clairec666

https://forums.moneysavingexpert.com/discussion/comment/82021772#Comment_82021772

The whole sign-up process is a bit strange, and it's a bit disconcerting to send money to an account that you can't see yet. Glad to have other forumites to share experiences so I know what to expect.

clairec666

https://forums.moneysavingexpert.com/discussion/comment/82022210#Comment_82022210

In short, yes. But haven't yet decided what to do about it.

Dizzycap

https://forums.moneysavingexpert.com/discussion/comment/82022321#Comment_82022321

If you received a screen confirmation of submission at the end of the RS application process, then the application should have gone though regardless of whether the application is showing in your online Teachers BS account portal or not. The system just couldn't cope with the demand of applications in less than 24 hours 😅 Boy, there's some keen eager savers out there 😆.

CricketLady

Hello!

I had an email from Teachers Building Society at 21.04 this evening telling me that my new savings account is now open and that a letter is in the post to me.

Timeline was as follows: applied 1st June, received registration confirmation email at 19.02 on 1st June

Registration Successful email arrived 2nd June at 13.25

"Your new account has been opened" email arrived 3rd June at 21.04

For reference, my application said "pending" until suddenly it mysteriously disappeared, and nothing has changed when I log in now - I sent my payment of £250 yesterday evening after 5pm using the temporary reference it gave me in my welcome email, I'm sure it will eventually appear.

Sending best wishes and luck to you all,

xx

Hattie627

https://forums.moneysavingexpert.com/discussion/comment/82022432#Comment_82022432

Does the latest received email contain your 10 digit account number or do you have to wait for the snail mail letter?