Regular Savings Accounts Article Discussion

Cornishsaver_3

NickyDee wrote: »

Have just applied for Principality Building Society's One Year Regular Saver Bond Issue 6.

Fixed interest rate of 6% and able to contribute £500.00 per month.

Thanks for that info. I have now printed off the application to post on Monday. So far it seems very simple.

LongTermLurker

flyingflea wrote: »

I don't check the MSE website that often, only for the odd article about something I need to at that point in time (car insurance, call / flight checker etc). That's why I rely on the newsletter to inform me of offers. These newsletters usually provide enough time to apply for the product but a few hours seemed a little shorter than normal. I was able to benefit from the AA Internet Fixed Rate Savings account mentioned previously in the newsletter, afterall.

OK, so what you were saying was in response to Martin's newsletter - that's where the confusion lies, because by posting on here it looked as though you were responding to something previously posted on here. The forum is principally for non-website-administrators (ie Joe Public) to give info about what they've read or discovered and often, Martin's newsletter just reflects what we've been talking about on here. I appreciate that sending out a newsletter with last minute details in it could be a bit pointless, and I don't remember if/when he originally included this account in the newsletter, but the forum members will always provide you with the best information - think of the newsletter as just a summary.

Dopple

Is OK to vary the amount from £20 to £500 a month with Principality or do you have to stick to the opening amount for each month after?

knights

Dopple wrote: »

Is OK to vary the amount from £20 to £500 a month with Principality or do you have to stick to the opening amount for each month after?

Yes £20 - £500

MORPH3US

Hi guys,

Looking to open a regular saver account asap with the falling interest rate.

Not sure whether to go with the Barclays or Principality deal?

They are both fixed rates right? at 6%?

In that case I think Barclays might be the better bet as they allow withdrawals and they also pay interest monthly...

Can you guys going with Principality tell me what tempted you over the Barclays deal?

Also, my NS&I ISA is currently at a rubbish 3.30% and that doesn't take into account todays fall.

Would I be better to drip feed from that into one of these accounts?

RayWolfe

Don't think about it for too long.

fullstop

MORPH3US wrote: »

Hi guys,

Looking to open a regular saver account asap with the falling interest rate.

Not sure whether to go with the Barclays or Principality deal?

They are both fixed rates right? at 6%?

In that case I think Barclays might be the better bet as they allow withdrawals and they also pay interest monthly...

Can you guys going with Principality tell me what tempted you over the Barclays deal?

Also, my NS&I ISA is currently at a rubbish 3.30% and that doesn't take into account todays fall.

Would I be better to drip feed from that into one of these accounts?

NS&I did not reduce their rate after the last rate cut, so expect a rather big fall soon.

Old_Slaphead

MORPH3US wrote: »

Hi guys,


Can you guys going with Principality tell me what tempted you over the Barclays deal?

Dealt with PBS before also they allow £20-£500pm.

Don't like Barclays (we bank with them at work & they're a pain) - but hypocritically I do have their 7.5% RS. (Principles mean little when it comes to getting a decent savings deal !)

MORPH3US

Hi guys, me again...

I went for the barclays deal in the end and paid my first payment of £200 in....

My question now is am I restricted to now paying £200 a month in, or can I up it to £250 (and even drop it below £200) if I needed to?

Thanks

jimbow25

You can vary your standing order between £20 and £250 per month, regardless of what the first deposit was. You can also stop it if you don't want to pay in at all, in some months, and still get the 5.84% (6% p.a.)

Unlike some monthly savers (such at the new Abbey/B&B 6% one that's just come out), the interest rate only drops in a month where money is withdrawn.