The Top Regular Savers Discussion Thread

Pickledonionlover

Principality maturity options

Can someone more organised than me remind me when these become visible online please?

I've one of my Issue 4 Six month RS maturing in a couple of weeks.

TIA

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/81879190#Comment_81879190

A fortnight before IIRC.

Pickledonionlover

https://forums.moneysavingexpert.com/discussion/comment/81879250#Comment_81879250

Thanks Brid.

Another 28th maturity so it might be a Valentine's present for me!

PS the Principality one time code has still been a little unpredictable for me today.

Cweb

I also have an Iss.4 on the 28th… I’m doing the opposite and will be waiting on opening the new version when available. Thereby on maturity instruction chose an issue 5 early will be my first so should be accepted then late opening an issue 5 on 25-27th Feb as a new account, which will be accepted as I won’t already have an issue 5 open. At least, that’s my theory.

MisterMotivated

I'm planning exactly the same. Should be able to choose renewal option on 14th, then will try to open a fresh issue 5 in the time between selecting and maturity

Hattie627

Expected new Issue 5 Principality 6 month RS

It seems to me that it would be better to open a straight Issue 5 before attempting to open a second one via maturity option (rather than the other way round). Trying to open a straight one when you already hold the same issue is almost certain to fail. But as we have seen with Issue 4, it may prove possible to rollover a maturing account into an Issue 5 when already holding one or more than one of that issue. Just my take, don't shoot me down. And, please, do us all a favour and save the sermonising about duplicate account holding being in "breach" of terms and conditions; if an institution offers an existing customer who already holds an account that same account as a maturity option, there is no sin in the customer accepting the offer; nobody is forcing anyone to accept the offer if it goes against their "principles" and PBS can, with impunity, decline to open the requested maturity rollover ex post facto if they so choose.

Dizzycap

https://forums.moneysavingexpert.com/discussion/comment/81879177#Comment_81879177

So have I, and I think most of us would love to have 3 x PBS Issue 5 6mth RS; dependant upon interest rate. However, highly unlikely as the multiple account loop-hole seems well and truely shut, but I would love to be wrong! Personally, I'm hoping that Principality will give additional saving options exclusively for maturing accounts rather than lead people up the garden path with still allowing them to apply for an additional account they already hold which then gets rejected or the account is opened only to be closed immediately with funds returned to the savers NA 😕 It certainly doesn't bode well for either PBS or savers alike.

Dizzycap

https://forums.moneysavingexpert.com/discussion/comment/81879324#Comment_81879324

I'm in agreement. I shall be opening a PBS Issue 5 when available and then looking at available maturity options for my remaining PBS accounts maturing later in February and beyond. If PBS don't want my money, someone else will 😁😉

MisterMotivated

The way I'm looking at it, I'll select Issue 5 as a maturity option which should be accepted because I don't already hold an issue 5. My hope is that a subsequent application for a new issue 5 gets accepted as I won't already hold an issue 5 at that point (ie prior to maturity). I have 5 issue 4's so I'm not too bothered if my initial approach fails as I'll have 4 more attempts to renew maturing accounts to issue 5. My cash-flow projection has been set up based on the likelihood of only being allowed 1 issue 5 (though easily adjusted if things work out).

HHUK

Principality

Managed to log on just now. The OTP arrived almost immediately, but was greeted with the following warnings:

Routine maintenance

We’re sorry.We’re currently updating Your Account.  You can still view your accounts but some of our online services are unavailable right now.Thanks for your patience.

Service update

We’re currently experiencing intermittent delays with One‑Time Passcodes via text message. Some customers may be receiving text message verification codes slower than usual.
Our team is monitoring the issue and working with our text message provider to restore normal service. We apologise for any inconvenience this may have caused.