Regular Savings Accounts: The Best Currently Available List!

wiseonesomeofthetime

Monmouth BS Regular Saver Bond, summary re withdrawals prior to maturity:

Can I withdraw money?

No withdrawals from the account are allowed until after the maturity date. The account may be closed without penalty or notice should the investor die before maturity.  If you close your account before maturity, the account will not qualify for the 1.50% AER/Gross interest rate. Any interest you have earned will be calculated at the variable rate of our Easy Saver account. Your bond will mature on the first anniversary of the date of opening. We will write to you prior to maturity informing you of the investment options available at that time. If your instructions have not been received before the bond maturity date the proceeds of the bond will revert to the Society’s variable rate Easy Saver instant access account and will be subject to the interest rate and product terms and conditions of this account.

10_66

veryintrigued said:

...I guess it's one of those that we are keen to know but not keen to highlight to MBS!

I'm afraid they already know, I asked for clarification before opening the account back in April and they confirmed that once the account's been withdrawn from market, no more payments can be made into it.  I guess standing orders etc would be bounced back, I'm not sure about that.

veryintrigued

10_66 said:

veryintrigued said:

...I guess it's one of those that we are keen to know but not keen to highlight to MBS!

I'm afraid they already know, I asked for clarification before opening the account back in April and they confirmed that once the account's been withdrawn from market, no more payments can be made into it.  I guess standing orders etc would be bounced back, I'm not sure about that.

Monmouthshire Saver Plus

 Ahhh they best hurry up with officially notifying us (that it's off sale) as I guess most of us will have payments leaving our accounts on the 1st and bouncing, upto £1000, payments back isn't terribly desirable.

Screenshots of the Key Product Information and Terms and Conditions leaflet as previously discussed.

MDMD

10_66 said:

veryintrigued said:

...I guess it's one of those that we are keen to know but not keen to highlight to MBS!

I'm afraid they already know, I asked for clarification before opening the account back in April and they confirmed that once the account's been withdrawn from market, no more payments can be made into it.  I guess standing orders etc would be bounced back, I'm not sure about that.

Did Monmouthshire explain how we are meant to fulfil the bonus criteria of “making all monthly payments” when we can no longer pay in? Presumably the T&Cs would prevail under clause 6 which don’t mention anything about what happens when it is withdrawn, unlike the KPI

10_66

No they didn't mention that.  I'm going to leave a standing order of £20 and see what happens.

schiff

I wonder if Mon BS have realised that there is this anomaly?

adindas

colsten said:

liamcov said:

JamesRobinson48 said:

Virgin Money has just released a new Regular E-Saver (18th issue).  This pays 1.00% fixed, and looks much the same as the 17th issue, other than dates being pushed back two months.

Has anyone been tempted by these 1% offerings?

Nope, not me.

Not as long as I can get 2.75%, 1.85%, 1.5% and 1.2% in regular savers. Or 2% in Virgin Money current accounts, 1.5% in TSB current accounts, or an effective 1.2% in Halifax current accounts, or 1.15% in NS&I [and in my trusty Al Rayan], or 1.21% fixed for a year..........

I have got a reasonable number of Virgin money RSAs. I have also got Virgin Money Credit Card with a good credit limit.

But My application with Virgin Money Current AC got referred and after referral, got rejected back a few months ago and I did not ask for an overdraft. I think it might be because it is now under the Clydesdale/Yorkshire management. In the past I got rejected with Clydesdale/Yorkshire current account application and it might be the same underwriter who make the decision with my Virgin Money AC application.

It seems now opening a  saving account, bank account without an overdraft is a kind of potluck. You will never know who will make decision on your case.

surreysaver

veryintrigued said:

10_66 said:

veryintrigued said:

...I guess it's one of those that we are keen to know but not keen to highlight to MBS!

I'm afraid they already know, I asked for clarification before opening the account back in April and they confirmed that once the account's been withdrawn from market, no more payments can be made into it.  I guess standing orders etc would be bounced back, I'm not sure about that.

Monmouthshire Saver Plus

 Ahhh they best hurry up with officially notifying us (that it's off sale) as I guess most of us will have payments leaving our accounts on the 1st and bouncing, upto £1000, payments back isn't terribly desirable.

Screenshots of the Key Product Information and Terms and Conditions leaflet as previously discussed.

The way I understand the T&Cs, is that you can still make a monthly payment after the product has been withdrawn, but not additional payments on top of the monthly payment.  I have had monthly £20 SOs going in, and top up £980 when I have the cash available each month.  This month my £980s went in on 18th, so they may have just scraped in before the products were withdrawn?  I may have to increase the Standing Orders to £1k, or just manually fund them each month.
But like someone said, they need to notify us that the product has been withdrawn, so people know to stop making additional payments...

Wheres_My_Cashback

Triodos Fixed Reg Saver
For those who have one already... Just opened one and wanting to make first deposit. Is there a generic account to fund or is it your own personal a/c nbr and sort code 165810? CS not open weekends  TIA

soulsaver

Wheres_My_Cashback said:

Triodos Fixed Reg Saver
For those who have one already... Just opened one and wanting to make first deposit. Is there a generic account to fund or is it your own personal a/c nbr and sort code 165810? CS not open weekends  TIA

Your own ac number..