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Regular Savings Accounts: The Best Currently Available List!

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  • gt94sss2
    gt94sss2 Posts: 6,095 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    schiff said:
    Kim_13 said:
    Kazza242 said:
    soulsaver said:
    Kazza242 said:
    schiff said:
    Monmouth

    My Christmas Issue 5 maturity letter was dated 21/11, received 27/11. Maturity date was 9/12, so my Exclusive letter is getting overdue (maybe we caused it with the palaver over the current two!). Opened 23/8/23.

    23/8 is a Friday and an Easy Saver at 4.80% was on offer last time. If there is something similar this time I think I'll take that route as withdrawal is easier and it avoids the weekend problem. The cash is not needed urgently.

    I received a letter (dated 7th August) from the Monmouthshire yesterday regarding my 8.00% Exclusive Regular Saver maturity options.  I am awaiting the maturity letter for my other Regular Saver (issue 2), paying 7.00%, which I suspect I will receive within a day or two. 

    I also have an easy access account with the Monmouthshire.  When my Monmouth regular savers mature, I do an internal transfer to my easy access account and then transfer the funds out to my nominated current account.  I find it quicker doing it this way.  
    I'm guessing the options aren't brilliant ?
    The Monmouthshire BS maturity product options are not great.  I would have preferred to have been offered a new competitive regular saver as a follow-on product.  Instead, they are offering:

    • Easy Saver (issue 1) -: 3.50%
    • Limited Access Saver -: 4.80%
    • Maturity 1 Year Fixed Rate Bond (issue 22) -: 4.74%
    • Maturity 18 Month Fixed Rate Bond (issue 1) -: 4.55%
    • Maturity 2 Year Fixed Rate Bond (issue 23) -: 4.45%
    I just received this in the post today. They also want the passbook returning to take one of them, so it seems the easiest thing to do is to not give any instructions in advance, let it default to the Easy Saver, login and request a FP (or an internal transfer for part of the funds, if like me your 7% has another month to run after the 8% version matures.)
    Did they provide a franked envelope or a freepost address?

    Monmouthshire provide a prepaid 2nd class envelope.

    However, you can also submit maturity instructions online using the security details and/or QR code included in the maturity letter. 

    No need to send the passbook back in such cases.
  • Kim_13
    Kim_13 Posts: 3,442 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    gt94sss2 said:
    schiff said:
    Kim_13 said:
    Kazza242 said:
    soulsaver said:
    Kazza242 said:
    schiff said:
    Monmouth

    My Christmas Issue 5 maturity letter was dated 21/11, received 27/11. Maturity date was 9/12, so my Exclusive letter is getting overdue (maybe we caused it with the palaver over the current two!). Opened 23/8/23.

    23/8 is a Friday and an Easy Saver at 4.80% was on offer last time. If there is something similar this time I think I'll take that route as withdrawal is easier and it avoids the weekend problem. The cash is not needed urgently.

    I received a letter (dated 7th August) from the Monmouthshire yesterday regarding my 8.00% Exclusive Regular Saver maturity options.  I am awaiting the maturity letter for my other Regular Saver (issue 2), paying 7.00%, which I suspect I will receive within a day or two. 

    I also have an easy access account with the Monmouthshire.  When my Monmouth regular savers mature, I do an internal transfer to my easy access account and then transfer the funds out to my nominated current account.  I find it quicker doing it this way.  
    I'm guessing the options aren't brilliant ?
    The Monmouthshire BS maturity product options are not great.  I would have preferred to have been offered a new competitive regular saver as a follow-on product.  Instead, they are offering:

    • Easy Saver (issue 1) -: 3.50%
    • Limited Access Saver -: 4.80%
    • Maturity 1 Year Fixed Rate Bond (issue 22) -: 4.74%
    • Maturity 18 Month Fixed Rate Bond (issue 1) -: 4.55%
    • Maturity 2 Year Fixed Rate Bond (issue 23) -: 4.45%
    I just received this in the post today. They also want the passbook returning to take one of them, so it seems the easiest thing to do is to not give any instructions in advance, let it default to the Easy Saver, login and request a FP (or an internal transfer for part of the funds, if like me your 7% has another month to run after the 8% version matures.)
    Did they provide a franked envelope or a freepost address?

    Monmouthshire provide a prepaid 2nd class envelope.

    However, you can also submit maturity instructions online using the security details and/or QR code included in the maturity letter. 

    No need to send the passbook back in such cases.
    The online option can only be used to send the entire proceeds to one destination/product though - so those needing to keep £1 in the account for membership purposes will need to let the account default into the EA or request by post using the prepaid envelope and send the passbook.
  • castle96
    castle96 Posts: 2,980 Forumite
    Part of the Furniture 1,000 Posts
    "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."    ME TOO !
  • trickydicky14
    trickydicky14 Posts: 1,259 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    castle96 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."    ME TOO !
    Let's hope it's still around on the 21st September!
    I choose the rooms that I live in with care,
    The windows are small and the walls almost bare,
    There's only one bed and there's only one prayer;
    I listen all night for your step on the stair.
  • surreysaver
    surreysaver Posts: 4,827 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Kim_13 said:
    gt94sss2 said:
    schiff said:
    Kim_13 said:
    Kazza242 said:
    soulsaver said:
    Kazza242 said:
    schiff said:
    Monmouth

    My Christmas Issue 5 maturity letter was dated 21/11, received 27/11. Maturity date was 9/12, so my Exclusive letter is getting overdue (maybe we caused it with the palaver over the current two!). Opened 23/8/23.

    23/8 is a Friday and an Easy Saver at 4.80% was on offer last time. If there is something similar this time I think I'll take that route as withdrawal is easier and it avoids the weekend problem. The cash is not needed urgently.

    I received a letter (dated 7th August) from the Monmouthshire yesterday regarding my 8.00% Exclusive Regular Saver maturity options.  I am awaiting the maturity letter for my other Regular Saver (issue 2), paying 7.00%, which I suspect I will receive within a day or two. 

    I also have an easy access account with the Monmouthshire.  When my Monmouth regular savers mature, I do an internal transfer to my easy access account and then transfer the funds out to my nominated current account.  I find it quicker doing it this way.  
    I'm guessing the options aren't brilliant ?
    The Monmouthshire BS maturity product options are not great.  I would have preferred to have been offered a new competitive regular saver as a follow-on product.  Instead, they are offering:

    • Easy Saver (issue 1) -: 3.50%
    • Limited Access Saver -: 4.80%
    • Maturity 1 Year Fixed Rate Bond (issue 22) -: 4.74%
    • Maturity 18 Month Fixed Rate Bond (issue 1) -: 4.55%
    • Maturity 2 Year Fixed Rate Bond (issue 23) -: 4.45%
    I just received this in the post today. They also want the passbook returning to take one of them, so it seems the easiest thing to do is to not give any instructions in advance, let it default to the Easy Saver, login and request a FP (or an internal transfer for part of the funds, if like me your 7% has another month to run after the 8% version matures.)
    Did they provide a franked envelope or a freepost address?

    Monmouthshire provide a prepaid 2nd class envelope.

    However, you can also submit maturity instructions online using the security details and/or QR code included in the maturity letter. 

    No need to send the passbook back in such cases.
    The online option can only be used to send the entire proceeds to one destination/product though - so those needing to keep £1 in the account for membership purposes will need to let the account default into the EA or request by post using the prepaid envelope and send the passbook.
    I've got £1 in an account from a few years ago, so it makes maturity instructions in situations such as this easier 
    I consider myself to be a male feminist. Is that allowed?
  • allegro120
    allegro120 Posts: 1,899 Forumite
    1,000 Posts Second Anniversary Name Dropper
    Kim_13 said:
    Kazza242 said:
    soulsaver said:
    Kazza242 said:
    schiff said:
    Monmouth

    My Christmas Issue 5 maturity letter was dated 21/11, received 27/11. Maturity date was 9/12, so my Exclusive letter is getting overdue (maybe we caused it with the palaver over the current two!). Opened 23/8/23.

    23/8 is a Friday and an Easy Saver at 4.80% was on offer last time. If there is something similar this time I think I'll take that route as withdrawal is easier and it avoids the weekend problem. The cash is not needed urgently.

    I received a letter (dated 7th August) from the Monmouthshire yesterday regarding my 8.00% Exclusive Regular Saver maturity options.  I am awaiting the maturity letter for my other Regular Saver (issue 2), paying 7.00%, which I suspect I will receive within a day or two. 

    I also have an easy access account with the Monmouthshire.  When my Monmouth regular savers mature, I do an internal transfer to my easy access account and then transfer the funds out to my nominated current account.  I find it quicker doing it this way.  
    I'm guessing the options aren't brilliant ?
    The Monmouthshire BS maturity product options are not great.  I would have preferred to have been offered a new competitive regular saver as a follow-on product.  Instead, they are offering:

    • Easy Saver (issue 1) -: 3.50%
    • Limited Access Saver -: 4.80%
    • Maturity 1 Year Fixed Rate Bond (issue 22) -: 4.74%
    • Maturity 18 Month Fixed Rate Bond (issue 1) -: 4.55%
    • Maturity 2 Year Fixed Rate Bond (issue 23) -: 4.45%
    I just received this in the post today. They also want the passbook returning to take one of them, so it seems the easiest thing to do is to not give any instructions in advance, let it default to the Easy Saver, login and request a FP (or an internal transfer for part of the funds, if like me your 7% has another month to run after the 8% version matures.)
    That's what I did with all my previous MonBS and will do with my last one.  I've kept one Easy Saver running in order to keep membership.  They might offer something good in future, you never know.
  • Speculator
    Speculator Posts: 2,353 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    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
    changearound1 Posts: 154 Forumite
    Fifth Anniversary 100 Posts Name Dropper
    edited 15 August 2024 at 8:02AM
    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?
  • 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.
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