The Top Regular Savers Discussion Thread

MaxBlax

New Scottish BS RS customer: First payment NOT cheque?

Has any forumite recently opened a Scottish Building Society Regular Saver account as a NEW customer by post and made the first deposit into the account by any other method than a cheque.

Many thanks in anticipation.

janusd

https://forums.moneysavingexpert.com/discussion/comment/81906237#Comment_81906237

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."

https://forums.moneysavingexpert.com/discussion/comment/81669795#Comment_81669795

nottsphil

https://forums.moneysavingexpert.com/discussion/comment/81906204#Comment_81906204

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.

friolento

https://forums.moneysavingexpert.com/discussion/comment/81906180#Comment_81906180

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.

Pickledonionlover

https://forums.moneysavingexpert.com/discussion/comment/81906346#Comment_81906346

Am not sure it dispels it

Mine are still holding tight ;-)

The myth has, almost, survived Monday 😂

ForumUser7

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?

Stargunner

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

JezR

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 …

Pickledonionlover

https://forums.moneysavingexpert.com/discussion/comment/81906372#Comment_81906372

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

mhoc

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 …