Regular Savings Accounts: The Best Currently Available List!

londoner62

ForumUser7 said:

NatWest and RBS Digital Regular Savers

Rate above 5k drops to 1.60% from 1.75% effective 29th August. Headline rate of 6.17% up to and including 5k remains

Over £5,000 does not affect me but pleased to read the drop is less than the 0.25 basis points rate cut.

Stargunner

schiff said:

ForumUser7 said:

NatWest and RBS Digital Regular Savers

Rate above 5k drops to 1.60% from 1.75% effective 29th August. Headline rate of 6.17% up to and including 5k remains

Would you post a link to the fuller details of the affected T&Cs by this announcement pse. I had forgotten about the £5000 limit and I am due to reach it in a few months time. Is it for example including interest or not in the £5000 limit? 
TIA

The t&c’s can easily be found on either of their websites as these are still active accounts. The interest is paid on the full £5000, but not a penny more, so once the interest is paid on the 2nd of each month I just withdraw it.

flaneurs_lobster

londoner62 said:

ForumUser7 said:

NatWest and RBS Digital Regular Savers

Rate above 5k drops to 1.60% from 1.75% effective 29th August. Headline rate of 6.17% up to and including 5k remains

Over £5,000 does not affect me but pleased to read the drop is less than the 0.25 basis points rate cut.

Pedantically, that would be 25 basis points (1 bp = 0.01%).

Descrabled

NatWest & RBS digital RS

I managed to accrue £5000 in these accounts last November. I withdraw the interest on the first working day of the month. I calculate the interest as £300*days in month/365. For July this equates to £25.479, and I withdrew £25.48 on 1 August (the day before interest shows in accounts).

Note that they ignore the leap year being 366 days.

fabsaver

Monmouthshire: 8% Exclusive Regular Saver & 7% Regular Saver Issue 2

My 1st August 13th deposits haven't been credited yet to either account. I've checked the terms for both these accounts and they definitely do not state anything about a £3,600 maximum balance (their earlier Coronation Regular Saver did have such a term).

If my deposits get returned I'll be complaining and quoting their own terms at them. If anyone didn't save a copy then archived copies of the summary box and terms are linked in this helpful post by @Bridlington1

dcs34

fabsaver said:

Monmouthshire: 8% Exclusive Regular Saver & 7% Regular Saver Issue 2

My 1st August 13th deposits haven't been credited yet to either account. I've checked the terms for both these accounts and they definitely do not state anything about a £3,600 maximum balance (their earlier Coronation Regular Saver did have such a term).

If my deposits get returned I'll be complaining and quoting their own terms at them. If anyone didn't save a copy then archived copies of the summary box and terms are linked in this helpful post by @Bridlington1

Monmouthshire: 8% Exclusive Regular Saver & 7% Regular Saver Issue 2

I have pre-empted by sending them a secure message asking why the deposits have not been received or returned. Hopefully this will get them to state what they think the T&Cs say / should be, so I can respond with what they actually do say (or, in this case, don't say).

gt94sss2

dcs34 said:

fabsaver said:

Monmouthshire: 8% Exclusive Regular Saver & 7% Regular Saver Issue 2

My 1st August 13th deposits haven't been credited yet to either account. I've checked the terms for both these accounts and they definitely do not state anything about a £3,600 maximum balance (their earlier Coronation Regular Saver did have such a term).

If my deposits get returned I'll be complaining and quoting their own terms at them. If anyone didn't save a copy then archived copies of the summary box and terms are linked in this helpful post by @Bridlington1

Monmouthshire: 8% Exclusive Regular Saver & 7% Regular Saver Issue 2

I have pre-empted by sending them a secure message asking why the deposits have not been received or returned.

Monmouthshire BS are often slow to show RS deposits on their internet banking platform. I assume they will show by Monday/Tuesday based on their past behaviour.

I suspect the staff member who thought that members couldn't pay in more than £3,600 into these was just getting confused with other MonBS regular savers which did have a maximum balance stated

fabsaver

gt94sss2 said:

dcs34 said:

fabsaver said:

Monmouthshire: 8% Exclusive Regular Saver & 7% Regular Saver Issue 2

My 1st August 13th deposits haven't been credited yet to either account. I've checked the terms for both these accounts and they definitely do not state anything about a £3,600 maximum balance (their earlier Coronation Regular Saver did have such a term).

If my deposits get returned I'll be complaining and quoting their own terms at them. If anyone didn't save a copy then archived copies of the summary box and terms are linked in this helpful post by @Bridlington1

Monmouthshire: 8% Exclusive Regular Saver & 7% Regular Saver Issue 2

I have pre-empted by sending them a secure message asking why the deposits have not been received or returned.

Monmouthshire BS are often slow to show RS deposits on their internet banking platform. I assume they will show by Monday/Tuesday based on their past behaviour.

I suspect the staff member who thought that members couldn't pay in more than £3,600 into these was just getting confused with other MonBS regular savers which did have a maximum balance stated

That's what I thought until a couple of posters on here this morning stated that their August deposits to the 7% account are showing. They were the 12th deposits and not 13th.
https://forums.moneysavingexpert.com/discussion/comment/80918822/#Comment_80918822

flaneurs_lobster

dcs34 said:

fabsaver said:

Monmouthshire: 8% Exclusive Regular Saver & 7% Regular Saver Issue 2

My 1st August 13th deposits haven't been credited yet to either account. I've checked the terms for both these accounts and they definitely do not state anything about a £3,600 maximum balance (their earlier Coronation Regular Saver did have such a term).

If my deposits get returned I'll be complaining and quoting their own terms at them. If anyone didn't save a copy then archived copies of the summary box and terms are linked in this helpful post by @Bridlington1

Monmouthshire: 8% Exclusive Regular Saver & 7% Regular Saver Issue 2

I have pre-empted by sending them a secure message asking why the deposits have not been received or returned. Hopefully this will get them to state what they think the T&Cs say / should be, so I can respond with what they actually do say (or, in this case, don't say).

Are you hoping to squeeze some compo out of MonBS?

dcs34

flaneurs_lobster said:

dcs34 said:

fabsaver said:

Monmouthshire: 8% Exclusive Regular Saver & 7% Regular Saver Issue 2

My 1st August 13th deposits haven't been credited yet to either account. I've checked the terms for both these accounts and they definitely do not state anything about a £3,600 maximum balance (their earlier Coronation Regular Saver did have such a term).

If my deposits get returned I'll be complaining and quoting their own terms at them. If anyone didn't save a copy then archived copies of the summary box and terms are linked in this helpful post by @Bridlington1

Monmouthshire: 8% Exclusive Regular Saver & 7% Regular Saver Issue 2

I have pre-empted by sending them a secure message asking why the deposits have not been received or returned. Hopefully this will get them to state what they think the T&Cs say / should be, so I can respond with what they actually do say (or, in this case, don't say).

Are you hoping to squeeze some compo out of MonBS?

I'd like them to operate their accounts in accordance with their own T&Cs.