Regular Savings Accounts: The Best Currently Available List!

schiff

10_66 said:

Tipton & Coseley
I thought I'd seen earlier in the thread that you can open their Regular Saver via the app.  I've downloaded this, but can't see the Regular Saver listed.  I can see it's still available on their website via branch.  Have I got it wrong that you could apply via app?

You mention 'their website' - what is the link please?

schiff

Will someone kindly link to the T&Cs of the new Tipton RS please.
I can't find the posts about it arriving amongst the welter of discussion stuff!
TIA

gt94sss2

schiff said:

10_66 said:

Tipton & Coseley
I thought I'd seen earlier in the thread that you can open their Regular Saver via the app.  I've downloaded this, but can't see the Regular Saver listed.  I can see it's still available on their website via branch.  Have I got it wrong that you could apply via app?

You mention 'their website' - what is the link please?

https://www.thetipton.co.uk/our-savings/current-savings-rates-1/regular-savings/fixed-rate-regular-saver-until-31-10-24/?r=4171

TiVo_Lad

Section62 said:

They won't be looking for "out of the ordinary" transactions.

Perhaps you can quote your source for this statement? Unless you work for MonBS you have no knowledge at all about what they will or won't do with information that is supplied to or witheld from them.

changearound1

TiVo_Lad said:

Section62 said:

They won't be looking for "out of the ordinary" transactions.

Perhaps you can quote your source for this statement? Unless you work for MonBS you have no knowledge at all about what they will or won't do with information that is supplied to or witheld from them.

 Monmouth's Nominated Bank Account Form states the following:

'As part of our Financial Crime procedures to reduce the risks of money laundering and fraud and to protect our members against financial crime, we will need to verify your account. We will attempt to verify your account electronically however if the search is not successful, we will contact you to request an original bank statement which displays your name, address and account number.'

This suggests that they just want proof that the Bank Account belongs to the Account Holder.

WillPS

TiVo_Lad said:

Section62 said:

They won't be looking for "out of the ordinary" transactions.

Perhaps you can quote your source for this statement? Unless you work for MonBS you have no knowledge at all about what they will or won't do with information that is supplied to or witheld from them.

Or have a basic understanding of GDPR. 

qbadger

Rudyson said:

I spoke to Monmouth today, and was told I could download a pdf of my bank statement and send it off.

What's their email address?

saverbynature

housebuyer143 said:

flaneurs_lobster said:

Nick_C said:

YBS.  The T&Cs do not say it has to be one account open for 12 months.  It is open to interpretation.  And YBS interpret the rule generously.

I opened the Loyalty ISA in March 23, and the Loyalty RS last week.  Two different branches.  On each occasion, I did not have an account that had been open for a year, but I have been a member continuously for 16 years.

Your opinion is inaccurate and unhelpful, as it could put people off from applying.

Since YBS choose to interpret their own T&Cs in this fashion and it is to the Member's advantage, I would not wish to discourage anyone from applying and will annotate my opinion-giving post accordingly.

Just opened ybs and only been with them for 7 months 🎉

@housebuyer143 You were lucky! I opened my first YBS account on 27th September 2022 and tried several times to open the 7% regular savings account when it was launched but kept getting rejected. It was only after midnight on the 27th that I finally got accepted!

PowerSavingMode

pecunianonolet said:

subjecttocontract said:

Monmouth B/Soc.
I wasn't asked to do that and there's nothing special or out of the ordinary about me. I just downloaded their nominated account form, completed it and posted it to them. I got notification they received it by letter. Try it, it might work.

My letter is saying:

Registration for "My Accounts" online withdrawal facility

Thank you for providing us details of your bank account so that we can enable the online withdrawal facility of our "My Accounts" service for you.

As a security precaution we always confirm in writing the details you have provided as well as asking for evidence in the form of an original or certified copy of your bank statement.

So that we can ensure the information we have recorded in our system is accurate and for you to confirm your instructions, please check that the bank account details listed below are correct and then sign and return this letter within 30 days in the enclosed pre-paid envelope.

Once we have received the signed confirmation and evidence in the form of an original or certified copy of your bank statement, the online withdrawal facilities will be enabled on your accounts we we will send you a secure message to confirm this. 

Yours sincerely

Savings  & Customer Contact Department  

List of my details

I authorise the Monmouthshire Building Society to accept withdrawal request submitted via the "My Accounts" service using my User ID, password and item of memorable information in favour of the above bank account.

Sign:                              Date:


I added all the details when I applied for the online facility. The above is dated 15th September and the other page with the user ID is dated 26th September. 

I received similar today.

PowerSavingMode

schiff said:

Will someone kindly link to the T&Cs of the new Tipton RS please.
I can't find the posts about it arriving amongst the welter of discussion stuff!
TIA

I'm not sure there are specific T&Cs for a specific savings account, but this is the Terms and Conditions for their overall Savings Accounts:

https://www.thetipton.co.uk/media/pfoaemwt/3451-tipton-saving-terms-and-conditions-brochure-update_spreads.pdf