Regular Savings Accounts: The Best Currently Available List!

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 😊 

[Deleted User]

Monmouthshire BS Saver Plus Issue 3
Message sent to MBS:-
I note that the Saver Plus Issue 3 has been withdrawn from sale. The Key Product Information for this account stated that no additional deposits can be made into the account when it is no longer on sale. However this rule does not appear in the Product Terms and Conditions. If such a rule applies, it will not be possible to earn the 1% interest bonus on 31 March next year, as the bonus is conditional on a minimum payment of £20 being paid into the account each month from the month of opening up to and including March of the following year. I would be grateful if you could clarify the position. Many thanks.

Reply received:-

Thank you for your message. At this stage you can continue paying into this account as it is still available to pay into for accounts already open. This product has been withdrawn for new business only.

colsten

Cambridgeshire Loyalty Saver now open for application if you are eligible

Must have been an account holder for the last 12 months to be eligible

Apply in Branch, or by phone or post

https://www.cambridgebs.co.uk/savings/bonds/loyalty-regular-saver#

JamesRobinson48

Loughborough BS has written saying that on 24th September the legacy 'Save To Buy' account will convert to a 'Flexible Save to Buy' account. The interest rate will be cut from 3.00% to 1.50%. Generally the revised T&Cs are indeed somewhat more flexible than before. However the account, which continues to have an indefinite life, remains subject to one monthly contribution of up to £500, and an account maximum of £24k.

typistretired

Still nothing in the post from Monmouthshire BS

ashteadgirl

typistretired said:

Still nothing in the post from Monmouthshire BS

Same here. Applied online Friday.

Every_Penny_Counts

Me either....