The Top Regular Savers Discussion Thread

wmb194

https://forums.moneysavingexpert.com/discussion/comment/82182148#Comment_82182148

DDs run on the Bacs system but they run in reverse to what you've stated - yours is the Bacs Credit process where you send money rather than pull it. Assuming no bank holidays, for a DD taken on Monday the receiving DD participant will begin the process on Thursday and receive the money on Monday. How quickly Tembo adds it to your account might be something else but we'll see.

Kim_13

Tembo

My open banking deposit from late Friday cleared today. Can’t really complain that it didn’t complete over the weekend.

Time will tell how quickly the DD scheduled for the 2nd credits.

adindaspantai

https://www.principality.co.uk/home/savings/savings-accounts/christmas-regular-saver-bond

Christmas 2027 Regular Saver.

"No, you cannot make any withdrawals from your bond before it matures. 
You can close your bond before it matures. Any interest you’ve earned will be added to the account balance and paid to you. "

There is no penalty is mentioned in here. So if we close the RS before maturity we could still earn interest of 5.5% up to close date of the money saved in this saving account. Is that correct ??

10_66

https://forums.moneysavingexpert.com/discussion/comment/82182199#Comment_82182199

Principality

The Christmas Regular Saver is 5.25%.

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82182199#Comment_82182199

Principality Xmas27

Correct. There's no penalty for closure. The interest (5.25%) will be paid up to date.

happybagger

https://forums.moneysavingexpert.com/discussion/comment/82182199#Comment_82182199

Yes (though note the above comment on the rate)

snookerloopy96

I do find Hanley incredibly left field.

They have sent me an e-mail saying they are paying me £34.80, presumably the final part of the interest.

No mention of the £3600 I've put in over 12 months.

masonic

Scottish BS

It looks like it is not possible to close this in the days before maturity, or make a withdrawal - an error message is returned in either case. They do say to message them with alternative maturity instructions, which I have now done.

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/82182299#Comment_82182299

System problems? Change in terms? Withdrawal was working 3 weeks ago.

wiseonesomeofthetime

https://forums.moneysavingexpert.com/discussion/comment/82182177#Comment_82182177

Tembo

Likewise.

Tembo account opened and funded via Open Banking late Friday evening.

Tembo app showed funds cleared on Monday

DD mandate now showing in my source account app this morning, ready for first DD next Monday (as 1st is a Sunday)