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Regular Savings Accounts: The Best Currently Available List!
Comments
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WillPS said:jameseonline said:allegro120 said:jameseonline said:I'm thinking it might be worth exploring opening an easy access account with Monmouthshire now.
Had a regular saver with them ages ago, did nothing with it after funding it once because I didn't realise how old fashioned they were, like they sent passbook, had no idea what they were, for a while they kept being like we can send you a cheque etc, eventually more recently they were like they can send money back to the account I paid them from.
So my question would be are they still going to give me a passbook?, can I easily get at MY money ?, they still old fashioned etc?
Is the website easy to request my money out, like they do fast payments?, will I be wanting several days for money?.
Sorry if this seems a bit much but I want to be sure before starting things up again with them, even if this time I'm only going to initially set up an easy access with them to build up loyalty/get in the systemIn common with all building societies I know of (other than Nationwide) you won't have immediate access to your money unless you go to an agency or branch; in the case of the former there are limits on the amount of cash but they'll normally sort out a cheque for you. You can request a withdrawal online but there will be a wait.They will likely send paperwork for you to sign and return in the post, depending on whether or not they can revive the profile you had from last time.In order to get web access you need to wait for your passbook to be sent out, which will have your account number - then sign up. Then wait for them to send you an activation code by post. An app is promised and slated for the end of the year, but I imagine it'll be the same procedure then.Incidentally my wife and I 'nipped' to our nearest agency recently (Hereford, 2.5 hrs drive from Nottm - we didn't go specifically for the building society!) and received very good service; passbooks all dutifullly made up and my wife got her name changed - another one off the list!I'm very happy with the service we've received from Monmouthshire but it's certainly not a good fit if immediacy and modernity are priorities for you.
Surely they can email me my details? text my phone?
I'm not interested in going to a branch/agency?(Even though I probably could living in Wales), I'm only interested in website/app access.
I applied earlier so hopefully not going to be a total b ache.0 -
jameseonline said:WillPS said:jameseonline said:allegro120 said:jameseonline said:I'm thinking it might be worth exploring opening an easy access account with Monmouthshire now.
Had a regular saver with them ages ago, did nothing with it after funding it once because I didn't realise how old fashioned they were, like they sent passbook, had no idea what they were, for a while they kept being like we can send you a cheque etc, eventually more recently they were like they can send money back to the account I paid them from.
So my question would be are they still going to give me a passbook?, can I easily get at MY money ?, they still old fashioned etc?
Is the website easy to request my money out, like they do fast payments?, will I be wanting several days for money?.
Sorry if this seems a bit much but I want to be sure before starting things up again with them, even if this time I'm only going to initially set up an easy access with them to build up loyalty/get in the systemIn common with all building societies I know of (other than Nationwide) you won't have immediate access to your money unless you go to an agency or branch; in the case of the former there are limits on the amount of cash but they'll normally sort out a cheque for you. You can request a withdrawal online but there will be a wait.They will likely send paperwork for you to sign and return in the post, depending on whether or not they can revive the profile you had from last time.In order to get web access you need to wait for your passbook to be sent out, which will have your account number - then sign up. Then wait for them to send you an activation code by post. An app is promised and slated for the end of the year, but I imagine it'll be the same procedure then.Incidentally my wife and I 'nipped' to our nearest agency recently (Hereford, 2.5 hrs drive from Nottm - we didn't go specifically for the building society!) and received very good service; passbooks all dutifullly made up and my wife got her name changed - another one off the list!I'm very happy with the service we've received from Monmouthshire but it's certainly not a good fit if immediacy and modernity are priorities for you.
Surely they can email me my details? text my phone?
I'm not interested in going to a branch/agency?(Even though I probably could living in Wales), I'm only interested in website/app access.
I applied earlier so hopefully not going to be a total b ache.They don't send out codes by SMS/email in my experience. Of course they potentially could, but they don't.You clearly know the limitations of the building society's admittedly anachronistic systems, so you have no excuse for not setting your own expectations accordingly now that you're chosing to do business with them again. Be patient and all is well.0 -
jameseonline said:allegro120 said:jameseonline said:I'm thinking it might be worth exploring opening an easy access account with Monmouthshire now.
Had a regular saver with them ages ago, did nothing with it after funding it once because I didn't realise how old fashioned they were, like they sent passbook, had no idea what they were, for a while they kept being like we can send you a cheque etc, eventually more recently they were like they can send money back to the account I paid them from.
So my question would be are they still going to give me a passbook?, can I easily get at MY money ?, they still old fashioned etc?
Is the website easy to request my money out, like they do fast payments?, will I be wanting several days for money?.
Sorry if this seems a bit much but I want to be sure before starting things up again with them, even if this time I'm only going to initially set up an easy access with them to build up loyalty/get in the systemI managed to do everything (apart from the signatory element) online, if I remember correctly. Here's a screenshot of the Monmouthshire Reg Saver application confirmation I received while applying — hope it helps:
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OneUser1 said:New 6% Regular Saver at Monmouthshire. On website. £500 maximum per month, existing members and the rate variable.
Previously when this has happened the issue has resolved itself within 24 hours but given that one of Monmouthshire BS's regular savers from last year was only available for around 18 hours I've decided not to risk it so as a precautionary measure I've decided to screenshot their product page and paste it here for future reference.
I've saved a PDF version of the account specific Ts&Cs which can be uploaded to the wayback machine at a later date if necessary.
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DJDools said:jameseonline said:allegro120 said:jameseonline said:I'm thinking it might be worth exploring opening an easy access account with Monmouthshire now.
Had a regular saver with them ages ago, did nothing with it after funding it once because I didn't realise how old fashioned they were, like they sent passbook, had no idea what they were, for a while they kept being like we can send you a cheque etc, eventually more recently they were like they can send money back to the account I paid them from.
So my question would be are they still going to give me a passbook?, can I easily get at MY money ?, they still old fashioned etc?
Is the website easy to request my money out, like they do fast payments?, will I be wanting several days for money?.
Sorry if this seems a bit much but I want to be sure before starting things up again with them, even if this time I'm only going to initially set up an easy access with them to build up loyalty/get in the systemI managed to do everything (apart from the signatory element) online, if I remember correctly. Here's a screenshot of the Monmouthshire Reg Saver application confirmation I received while applying — hope it helps:
Even so, does anyone know how long the identify identity electronically process takes and is it automated? I note that some have already managed to fund their new accounts..
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chris_the_bee said:10_66 said:Snapdragon said:Monmouthshire BS
Anyone else got their 7% saver maturing shortly and not had any maturity info yet?
My 8% matures next Friday (30th) and I finally got the maturity letter this week, and the 7% matures 04/09 so surprised I've not heard anything from them about maturity options yet. I was hoping I could maybe give maturity instructions if I signed in, but there isn't anything about maturity options online. Am guessing I will just have to let them mature into Easy Access and move the money myself afterwards. On that thought, will they open new EA accounts or use the one I already have?
apply.monbs.com/switch-savings0 -
gt94sss2 said:DJDools said:jameseonline said:allegro120 said:jameseonline said:I'm thinking it might be worth exploring opening an easy access account with Monmouthshire now.
Had a regular saver with them ages ago, did nothing with it after funding it once because I didn't realise how old fashioned they were, like they sent passbook, had no idea what they were, for a while they kept being like we can send you a cheque etc, eventually more recently they were like they can send money back to the account I paid them from.
So my question would be are they still going to give me a passbook?, can I easily get at MY money ?, they still old fashioned etc?
Is the website easy to request my money out, like they do fast payments?, will I be wanting several days for money?.
Sorry if this seems a bit much but I want to be sure before starting things up again with them, even if this time I'm only going to initially set up an easy access with them to build up loyalty/get in the systemI managed to do everything (apart from the signatory element) online, if I remember correctly. Here's a screenshot of the Monmouthshire Reg Saver application confirmation I received while applying — hope it helps:
Even so, does anyone know how long the identify identity electronically process takes and is it automated? I note that some have already managed to fund their new accounts..I have applied today but not heard anything further, don’t have account number to add and fund online as yet.0 -
Those of us who have applied today for the new Mon BS Exclusive RS and are awaiting the signature form and account details:- I think we will be lucky to get the first payment in by the end of the month but we shall see.
As someone pointed out upthread, Mon BS account-opening procedures are not the quickest, so it is best to be aware of this and be patient. They get there in the end.
Although the 6% rate is variable, I reckon that it will be maintained for the full year unless there is more than one base rate drop between now and then. So definitely worth having this account, IMHO.4 -
Special_Saver2 said:Accounts only for people who live locally or existing members
Interest rate: 6% gross p.a. variable (this interest rate first noted by me on 8th July 2023)
Monthly payment: £1-£300
Miss any payments: Can miss three payments per calendar year
Penalty-free withdrawals: Three per calendar year
Age of applicant: Not specified
How to open account: Branch or post
Special conditions: The account matures after 36 months. Available only to existing members or people who live in Cumbria, Northumberland, Tyne & Wear, County Durham, Lancashire and Yorkshire.
Was just looking at this link and it seems to be NLA. Unless you have to create an account or something first? The summary box is still showing at the bottom but it looks like it shouldn't be there.1 -
Hattie627 said:Those of us who have applied today for the new Mon BS Exclusive RS and are awaiting the signature form and account details:- I think we will be lucky to get the first payment in by the end of the month but we shall see.
As someone pointed out upthread, Mon BS account-opening procedures are not the quickest, so it is best to be aware of this and be patient. They get there in the end.
Although the 6% rate is variable, I reckon that it will be maintained for the full year unless there is more than one base rate drop between now and then. So definitely worth having this account, IMHO.
We should be receiving online signatory forms in the post within the next week or so, these should contain the regular saver account number, which you can then use to fund the account using the sort code/account numbers in any MBS passbook.
Moreover I'd expect that this time round they may not be as busy as last year given that they've imposed a hard cut off date for eligibility and they're only offering the one regular saver (with a reduced rate from last year, albeit with a higher maximum monthly deposit).
I'd agree on your point about being patient with MBS though, I'd imagine they'll still be rather busy at the moment and pestering them will only cause delays. I've applied for mine so I'm just going to let them get on with it till I hear more from them.4
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