The Top Regular Savers Discussion Thread

dealyboy

https://forums.moneysavingexpert.com/discussion/comment/81903515#Comment_81903515

… did you open your issue 5 before or after your maturity instructions?

DodgerPot

https://forums.moneysavingexpert.com/discussion/comment/81903522#Comment_81903522

I opened the issue 5 on the first day it was available and before I gave my issue 4 maturity instructions

dealyboy

https://forums.moneysavingexpert.com/discussion/comment/81903525#Comment_81903525

Principality RS issue 5

OK thanks, I am in a similar position. I opened the issue 5 on 12 February and submitted my instructions online on Sunday 15 February, my maturity instructions were honoured today so I now have two issue 5's with £200. I am also a relatively new Principality customer opening my first account in March 2025, I have also not had a second account of the same issue before.

One note of caution, I seem to remember comments that Principality have been taking action once they see a second account, presumably changing the second account to an Easy Access Saver, we'll know if we get past Tuesday I think.

csw5780

https://forums.moneysavingexpert.com/discussion/comment/81903463#Comment_81903463

It seems not ☹️

jifmoose

Thanks all, interesting. My situation matches DogerPot, Issue 4 due to roll over in early March. Thought I'd chance my arm though with no expectation of it working. Not been a member that long, will report back if it works.

(if my calculations are correct, the extra interest from the 6 month RS @7.5% drip fed from a 5% instant access, compared to just leaving it in the Sunny Day, comes to the grand sum of £8.75. If you anticipate [eventually] paying 40% income tax on it that's reduced to £5.25. Mine's [almost] a pint! So I can't get too worked up about this…)

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/81903370#Comment_81903370

If only I'd known about this 24 hours earlier. Oh well, you win some you lose some I suppose.

I have however had more luck elsewhere as a consolation prize.

Hattie627

https://forums.moneysavingexpert.com/discussion/comment/81903574#Comment_81903574

It seems not to be being advertised. And (as per post above) not available for straight applications for >1 Issue 5, only for maturities which might previously been rejected but aren't now being rejected where loyalty is involved. Makes some sense (maybe not total sense). Still feel that the offer of an Issue 5 as a maturity option to customers who strictly don't qualify for the account, followed by a rejection (often days later) of the acceptance of that offer, is unacceptable practice by a financial services company/mutual. If not available, it shouldn't be part of a tailored maturity options package.

friolento

https://forums.moneysavingexpert.com/discussion/comment/81903370#Comment_81903370

I don't believe this is true. I have been a Principality account holder for nearly a decade, and whilst I had many multiples, I also had one rejected.

Apologies for chiming into a debate which needlessly clogs up this thread.

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/81903595#Comment_81903595

If they are now accepting multiple holdings from members of 3 years +, it must be a new policy as from posts here, I think you would be far from the only person to be a member of 3 years+ while previously having an application for a duplicate rejected.

I imagine most here will be if not members of 3 years+, then becoming one in the next year (the 2 Year Healthy Habits launched in December 2023.) If this is a new policy, then time will tell whether not having 3 years+ membership on a single still open account causes an issue.

jameseonline

https://forums.moneysavingexpert.com/discussion/comment/81900708#Comment_81900708

Got funds to my Virgin account earlier, £1000 + £31.46 interest.

£200 in a issue 5.

Both as expected 😊

Just for fun opened up a Nationwide Regular Saver also.