Regular Savings Accounts: The Best Currently Available List!

jaypers

I find it bizarre that the MSE best savings guide hasn’t mentioned the Virgin RS at 10% yet. Still saying Principality at 8% is best open to all and First Direct at 7% is the best existing customer rate. Foot off the gas here methinks! 

trickydicky14

jaypers said:

I find it bizarre that the MSE best savings guide hasn’t mentioned the Virgin RS at 10% yet. Still saying Principality at 8% is best open to all and First Direct at 7% is the best existing customer rate. Foot off the gas here methinks! 

It’s been said on this site many times, MSE are not the quickest dog out of the trap when it comes to these sorts of things, folks need to look beyond this site to keep up to date but saying that it’s a good site in the round.

jaypers

trickydicky14 said:

jaypers said:

I find it bizarre that the MSE best savings guide hasn’t mentioned the Virgin RS at 10% yet. Still saying Principality at 8% is best open to all and First Direct at 7% is the best existing customer rate. Foot off the gas here methinks! 

It’s been said on this site many times, MSE are not the quickest dog out of the trap when it comes to these sorts of things, folks need to look beyond this site to keep up to date but saying that it’s a good site in the round.

Agree….MSE site is excellent. These forums are also pretty great and it was thanks to the OP a couple of days ago that I knew about the account on the day of launch.

ThePirates

To be honest I can't remember the last time I looked at the site, the Banking and Saving forums tell you everything you need to know!

trient

I genuinely hadn't spotted the wording on VM RS joint account limits, but I opened 3 -
- a sole RS for the partner
- an RS for the partner with "opening as a joint account" selected - went through that customer login and ID/address/account verification checks just like for the sole account; then asked for second party customer details,
went througj exactly same process for my customer number
- a sole RS in my name

All 3 opened in the space of 30 minutes, all funded, each sole and the joint account showing in the respective app.

ThePirates

Interesting! 
Do you need a joint current in order to open the joint Regular Saver?

jaypers

trient said:

I genuinely hadn't spotted the wording on VM RS joint account limits, but I opened 3 -
- a sole RS for the partner
- an RS for the partner with "opening as a joint account" selected - went through that customer login and ID/address/account verification checks just like for the sole account; then asked for second party customer details,
went througj exactly same process for my customer number
- a sole RS in my name

All 3 opened in the space of 30 minutes, all funded, each sole and the joint account showing in the respective app.

Will be interesting what happens as you can only have 1 in your name, whether joint or sole.

Speculator

jaypers said:

trient said:

I genuinely hadn't spotted the wording on VM RS joint account limits, but I opened 3 -
- a sole RS for the partner
- an RS for the partner with "opening as a joint account" selected - went through that customer login and ID/address/account verification checks just like for the sole account; then asked for second party customer details,
went througj exactly same process for my customer number
- a sole RS in my name

All 3 opened in the space of 30 minutes, all funded, each sole and the joint account showing in the respective app.

Will be interesting what happens as you can only have 1 in your name, whether joint or sole.

probably this meaning one of the accounts will earn a zero rate of interest.

Want to save more than £250 a month? We'll accept the money, but you will not earn interest on any amount that exceeds the cumulative maximum monthly limit.

flaneurs_lobster

surreysaver said:

JamesRobinson48 said:

Monmouthshire BS:  RS 13th month

Yesterday I attempted to internally transfer £300 into my two in-flight Monmouthshire BS RS accounts (paying 8% and 7%), both of which mature later this month.  Both transfers were declined, on the grounds that the account maximum balance would be exceeded.  I had previously paid in the max £300 for 12 consecutive months, starting August 2023.

To the best of my knowledge, in each case the account T&Cs specify a monthly max of £300, but no max account balance is stipulated anywhere.

In other words, they're applying a "no 13th month" policy although none is stated in the account T&Cs.

Please, how did anyone in similar circumstances get on?   I assume there would be many in the same boat.  


EDIT:  the MonBS has now sent me a secure message which states: 

"The maximum account balance is £3600".   

So best of luck to everyone trying for a 13th month!

Mine is funded by standing order and the money hasn't come back

But has the money been credited to your account(s)?

My guess is no. When I tried to make a 13th payment to the Coronation Saver it took the best part of a week for the funds to be returned.

Snapdragon

flaneurs_lobster said:

surreysaver said:

JamesRobinson48 said:

Monmouthshire BS:  RS 13th month

Yesterday I attempted to internally transfer £300 into my two in-flight Monmouthshire BS RS accounts (paying 8% and 7%), both of which mature later this month.  Both transfers were declined, on the grounds that the account maximum balance would be exceeded.  I had previously paid in the max £300 for 12 consecutive months, starting August 2023.

To the best of my knowledge, in each case the account T&Cs specify a monthly max of £300, but no max account balance is stipulated anywhere.

In other words, they're applying a "no 13th month" policy although none is stated in the account T&Cs.

Please, how did anyone in similar circumstances get on?   I assume there would be many in the same boat.  


EDIT:  the MonBS has now sent me a secure message which states: 

"The maximum account balance is £3600".   

So best of luck to everyone trying for a 13th month!

Mine is funded by standing order and the money hasn't come back

But has the money been credited to your account(s)?

My guess is no. When I tried to make a 13th payment to the Coronation Saver it took the best part of a week for the funds to be returned.

I have both the 7% (opened early Sept) hence currently on 12th payment. The 8% (opened end of Aug) which I had left the standing order in place and tried to make 13th payment given that no max balance was mentioned in the T&Cs. Both SO's exit to Monmouth at the same time, 1st of month. The final payment to the 7% has already been credited as of the 2nd, the 13th payment to the 8% has NOT been credited, nor has it been returned yet.