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The Top Regular Savers Discussion Thread
Comments
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if it helps - from the old thread…
Scottish BS RS
I phoned earlier for confirmation that I could make 1st payment by bank transfer and CS said yes. I normally write at top of form "To be paid by bank transfer once account is open."
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This is what I did last month, but was hoping to get a second one by keeping my Regular Saver Bond issue 36 (4.85%fixed) going until maturity on 1st May (I stopped funding it months ago because I needed the money for higher paying newly launched accounts). I would close it today if I knew it wouldn't yield anything in two months time.
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This dispels the myth that there is a special Principality policy for long-term account holders. Thanks for updating us with your experience, which I can second.
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Am not sure it dispels it
Mine are still holding tight ;-)
The myth has, almost, survived Monday 😂
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This is so confusing. Either there is a loyalty policy, or there is not. It is poor that there seems to be no uniform stance across PBS, meaning some members are able to benefit while others are not. Has anyone else been informed by PBS that there is such a policy in effect, or only the one poster?
If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.0 -
My 2nd 6 month PBS RS 5 was opened today It matured from an issue 4. I have given msturity instructions for a 3rd to be opened later this month. I have not been a customer for over 3 years
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The Principality maturity process has always had a degree of manual operation. I found that out a while back when instead of following my instruction to put the appropriate monthly amount into a new regular saver, the money for that was put into an instant access account instead (the rest being returned into a bank account). I didn't notice for a while as the account number remained the same as usual. They paid the difference in interest plus some compensation.
So I guess some people might be lucky once. If they are lucky more than once though …
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Exactly that.
It would be lovely to get some consistency and certainty.
Without it people are guessing at the rules and jumping to some very inaccurate conclusions.
Keep being kind folks
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I've just rung Principality to ask about a maturing account and been told I cant have a 6 month saver issue 5 because I already have one and thats the maximum number. Assistant said that there was no loyalty policy.
This account still has a few days to go so I don't need to make a decision until later in the week … so its even more hit and miss now and it seems to make no difference giving your instructions online or over the phone …
“Create all the happiness you are able to create; remove all the misery you are able to remove. Every day will allow you, --will invite you to add something to the pleasure of others, --or to diminish something of their pains.”6 -
That's what I suspected. Its basically staff making it up as we go along.
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