Regular Savings Accounts: The Best Currently Available List!

Speculator

Received my Monmouthshire maturity letter for my 7% Regular saver yesterday. I wanted to give instructions online to close the account at maturity and transfer the funds to my nominated account. Unfortunately, there are only two options, 1: transfer the funds to another Monmouthshire account or  2: receive a cheque by post.

I will probably let it transfer into an easy saver at maturity then FP it to my nominated account. Hope there is no delay because need the funds before September.

changearound1

How quick are Monmouthshire at actioning Faster Payments? If I request a withdrawal  would I be likely to receive the money on the same day or next working day?

flaneurs_lobster

changearound1 said:

How quick are Monmouthshire at actioning Faster Payments? If I request a withdrawal  would I be likely to receive the money on the same day or next working day?

From memory, I requested closure/withdrawal to nominated account of my Coronation Saver and received the funds the next working day.

allegro120

changearound1 said:

How quick are Monmouthshire at actioning Faster Payments? If I request a withdrawal  would I be likely to receive the money on the same day or next working day?

My issue 33 matured on Sunday 9th June, Faster Payment reached my First Direct account on the same day.

10_66

jameseonline said:

Love how the Nationwide app is inviting me to get the 6.5% Regular Saver when my 8% one isn't ending until 21st September...

You must be a favoured one.  I tried applying using a PC, failed.  Then tried via the app and that failed too, message on both attempts said that my existing one would have to be closed in order to open this one 🤔

jameseonline

10_66 said:

jameseonline said:

Love how the Nationwide app is inviting me to get the 6.5% Regular Saver when my 8% one isn't ending until 21st September...

You must be a favoured one.  I tried applying using a PC, failed.  Then tried via the app and that failed too, message on both attempts said that my existing one would have to be closed in order to open this one 🤔

That's my point, you can only have 1 regular saver at a time regardless of issue number (found this out ages ago when I tried applying for the new issue, even asked Nationwide why and they confirmed I can't), so the app really shouldn't be advertising a newer issue to me on the home screen.

Mind you Nationwide app offers me other things to that aren't relevant too like a FlexOne Saver @ 5%, I'm older than 17 so why show me that?

Like realistically who is going to ditch their 8% early (& get an additional payment in) to start a 6.5%, nah I'm letting the 8% finish then going 6.5% if still available.

Bridlington1

Monmouthshire BS Regular Saver - Issue 3 at 4.75% is set to go NLA and replaced by Issue 4 at 4.5% tomorrow.

t1redmonkey

jameseonline said:

Like realistically who is going to ditch their 8% early (& get an additional payment in) to start a 6.5%, nah I'm letting the 8% finish then going 6.5% if still available.

There's some cases where it might make sense to do something like this.  E.g. If you have a strong feeling (or just know) that the lower rate is going to go NLA before your existing higher rate one matures, then it can make sense to close your existing one, sacrifice one month of a higher rate, in order to lock in 12 months of the slightly lower rate.

schiff

Bridlington1 said:

Monmouthshire BS Regular Saver - Issue 3 at 4.75% is set to go NLA and replaced by Issue 4 at 4.5% tomorrow.

Surely they are going to offer something decent when the Exclusive matures!
This may be clearing the decks.

trickydicky14

schiff said:

Bridlington1 said:

Monmouthshire BS Regular Saver - Issue 3 at 4.75% is set to go NLA and replaced by Issue 4 at 4.5% tomorrow.

Surely they are going to offer something decent when the Exclusive matures!
This may be clearing the decks.

We live in hope.