Regular Savings Accounts: The Best Currently Available List!

MDMD

surreysaver said:

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I asked for clarification before opening the account back in April and they confirmed that once the account's been withdrawn from market, no more payments can be made into it.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The way I understand the T&Cs, is that you can still make a monthly payment after the product has been withdrawn, but not additional payments on top of the monthly payment.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  This month my £980s went in on 18th, so they may have just scraped in before the products were withdrawn?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But like someone said, they need to notify us that the product has been withdrawn, so people know to stop making additional payments...

I think you might be right there, from reading the terms it seems that the account is open ended so in theory can continue for a while

Speculator

MDMD said:

surreysaver said:

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I asked for clarification before opening the account back in April and they confirmed that once the account's been withdrawn from market, no more payments can be made into it.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...

I think you might be right there, from reading the terms it seems that the account is open ended so in theory can continue for a while

I've have issue 2 of this account for over 10 years and have been paying £20 monthly by Direct Debit (not standing order) without any problems. 

Special_Saver2

Hi Everybody,

Here is this weekend's update to this thread.

- Monmouthshire BS Saver Plus (Issue 3) withdrawn
- Monmouthshire BS Christmas Saver withdrawn
- Monmouthshire BS Regular Saver Bond (Issue 4) added to post 4 paying 1.5% fixed on up to £250 per month for 12 months
- Virgin Money Regular E-Saver issue 17 replaced with issue 18, same details as before (1% fixed on up to £250 per month for 12 months) but maturity date of issue 18 is 20th September 2021

I will do the next update next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

Contador38

RE Monmouthshire Issue 3,
I have always deposited via Faster Payments, but it is shown on my statement as
Standing Order.

where_are_we

Thanks for posting the 1.5% Monmouthshire RSB issue 4. Myself and Oh have applied. Hopefully get the account details quickly in order to get £250 first deposit in before the end of the month and then 11 SO`s starting 1/9/20. It is a bit disconcerting that the Saver Plus Issue 3 opened in April shows an interest rate of .2% and no mention of the fixed bonus of 1% until 31/3/21. It would be nice to know for certain that the interest rate is 1.2% so long as T&Cs are met!

SuperHans1

where_are_we said:

It is a bit disconcerting that the Saver Plus Issue 3 opened in April shows an interest rate of .2% and no mention of the fixed bonus of 1% until 31/3/21. It would be nice to know for certain that the interest rate is 1.2% so long as T&Cs are met!

I've just logged in to my Monmouthshire account and this is the first time that I have noticed that the rate is displayed as .2%. I assume this has been the case since the account was opened. I only put the minimum in and so I've not been too concerned about this account.

surreysaver

SuperHans1 said:

where_are_we said:

It is a bit disconcerting that the Saver Plus Issue 3 opened in April shows an interest rate of .2% and no mention of the fixed bonus of 1% until 31/3/21. It would be nice to know for certain that the interest rate is 1.2% so long as T&Cs are met!

I've just logged in to my Monmouthshire account and this is the first time that I have noticed that the rate is displayed as .2%. I assume this has been the case since the account was opened. I only put the minimum in and so I've not been too concerned about this account.

The rest is a 1% bonus which is paid assuming the conditions are met.  Obviously they are not going to know whether you are going to meet the conditions until the period over which the conditions need to be met have elapsed.  I presume you've kept a copy of the T&Cs in case of future query?
I've attached the T&Cs for the benefit of those who may not have a copy (also of the Christmas Saver)

cosh25

The Cambridge are launching a Regular Saver for people who have held a mortgage and/or savings account for at least 12 months. 3% on £100 per month (max balance £1200). Maybe of some interest to some.

colsten

@cosh25, thanks for the heads up. Any idea when the launch is? Can we apply online?

cosh25

colsten said:

@cosh25, thanks for the heads up. Any idea when the launch is? Can we apply online?

Hi Colsten, the person in branch indicated from tomorrow. Its branch or postal opening. From what I can see For their other accounts the postal application is straight forward 😊