Regular Saver Thread **New and Restarted**

schiff

It would be convenient to collect from the maturity of Number 10 in the same visit

veryintrigued

JamesRobinson48 wrote: »

At long last, Nottingham BS has just announced a new RSA: the "Member Rewards Regular Saver". However, at a far from generous 1.60% rate, this one certainly doesn't interest me.

I agree its not their best offering - but with a £500 max per month limit, two annual penalty withdrawals allowed, no end date to the product or bonus stated it might fit ok for some.

https://www.thenottingham.com/savings/products/member-rewards-regular-saver/

20SmthngSver

typistretired wrote: »

Your faster payment or standing order does not show until the next day with Monmouthshire BS as per their FAQ's.

"As we are a building society not a bank, all electronic payments are first received by our bank account. We then have to wait for these to be uploaded to our customers’ accounts, which is done each day before we open for business at 9am. If you are a registered ‘My Accounts’ user, it may be that this upload was done after this service was updated in the early hours of the morning. Please be assured, that although there may be a delay in the payment being available for updating on your passbook, or being viewed via 'My Accounts', it will have been credited to your account as at the date it reached our bank account and that interest will be accrued based on that date."

Saffron BS, YBS, Leeds BS are all building societies but todays payments are showing.

Oh the top of my head, Saffron BS uses Barclays to clear lodgements and Nottingham BS uses NatWest. All the building societies use a bank to clear lodgements, not sure about Nationwide BS though, as that seems to be a building society that's more like a bank in a lot of ways.

Special_Saver2

Hi Everybody,

I have updated the following:

- Added in the Nottingham BS Member Rewards Regular Saver account paying 1.6% on up to £500 per month with no maturity date to existing mortgage customers or to savings account customers for 12 months or longer with a £500 savings balance

I will do another update next weekend.

SS2

---

For those new to this thread, the first few posts are constantly updated and are on the first page

MDMD

20SmthngSver wrote: »

Oh the top of my head, Saffron BS uses Barclays to clear lodgements and Nottingham BS uses NatWest. All the building societies use a bank to clear lodgements, not sure about Nationwide BS though, as that seems to be a building society that's more like a bank in a lot of ways.

Nationwide is the only BS that is a member of the Cheque and Credit Clearing company, so it clears its own payments

https://www.chequeandcredit.co.uk/banking-industry/participate-system/our-members

vernall

Regarding opening a Monmouthshire Reg Saver in branch...What documents/ID would I need to take with me on the day?

eastofeden

To open an account with the Society, you will need to provide:
• a completed application form if applying by post/online or if in a Branch, a signed
application form produced by the staff member.
• at least the minimum investment amount for the type of account; and • proof of your identity and your address.
Identification procedure
2.5 We are required by law to obtain evidence to prove your identity and address. We will initially try to confirm your address and identity by making an electronic search. This search will be to identify you only and will not reveal your credit history. If this is unsuccessful we will ask you to provide evidence of your identity and address when opening your account with us. The requirements are explained in our leaflet ’Proving Your Identity’, available in our Branches/Agencies and on our website.
We may also conduct electronic searches or ask you for this information at other times to ensure our records are kept up to date. We will be unable to open your account and may have to ‘freeze’ your existing account(s) (which means preventing any further withdrawals from it) if you do not provide the necessary evidence

As you know, it can no longer be opened online.

Emily_Joy

SuperHans1 wrote: »

Issue 16 of the Virgin Money Regular Saver has a maturity date of 1 May 2020. When would we typically expect to see the next issue released?

It will be around the maturity date of the regular e-saver issue 10. Perhaps someone here can help with this?

david78

Emily_Joy wrote: »

It will be around the maturity date of the regular e-saver issue 10. Perhaps someone here can help with this?

Assuming there is an issue 17 of the "Regular Saver", it
should be available to open in branch from 1st of June.

adindas

I think it is good to make people fully aware that, you have two withdrawals a year (based on when the interest is paid) without affecting the bonus, but you could only withdraw cash by coming into their branch. They do not allow withdrawal by post. This is at least this what I have been told by a staff in a branch.

So if you are not living close to one of their branches, you will still need to add the travel cost and time into the equation.

Special_Saver2 wrote: »

Hi Everybody,

I have updated the following:

- Added in the Nottingham BS Member Rewards Regular Saver account paying 1.6% on up to £500 per month with no maturity date to existing mortgage customers or to savings account customers for 12 months or longer with a £500 savings balance

I will do another update next weekend.

SS2

---

For those new to this thread, the first few posts are constantly updated and are on the first page