Regular Savings Accounts: The Best Currently Available List!

Aidanmc

WillPS said:

Aidanmc said:

WillPS said:

Market Harborough 6% (fixed), with credit to @35har1old above

https://mhbs.co.uk/my-membership/exclusive-products/fixed-term-regular-saver-1yr01/

• Save between £10 – £250 a month
• Annual interest paid on maturity
• You must make regular monthly deposits 
• Even with a penalty early withdrawals are not allowed (closure is not permitted either)
• Initial deposit must be received with 10 days of opening the account

Matures end of November 2025.

Seems only for UK Mainland residents

That's a bit of a weird stipulation, as it'd imply residents of the Isle of Wight and the Scottish islands couldn't apply (otherwise they'd say 'GB resident', surely?). Either way presumably NI residents are out of luck on this one unfortunately.

I thought it a bit strange also, just emailed them and had a very quick response confirming that they DO accept applications from N.Ireland

castle96

So assuming a FP today and 1 on 1/10 by SO, when to make the LAST SO pmt??

WillPS

Aidanmc said:

WillPS said:

Aidanmc said:

WillPS said:

Market Harborough 6% (fixed), with credit to @35har1old above

https://mhbs.co.uk/my-membership/exclusive-products/fixed-term-regular-saver-1yr01/

• Save between £10 – £250 a month
• Annual interest paid on maturity
• You must make regular monthly deposits 
• Even with a penalty early withdrawals are not allowed (closure is not permitted either)
• Initial deposit must be received with 10 days of opening the account

Matures end of November 2025.

Seems only for UK Mainland residents

That's a bit of a weird stipulation, as it'd imply residents of the Isle of Wight and the Scottish islands couldn't apply (otherwise they'd say 'GB resident', surely?). Either way presumably NI residents are out of luck on this one unfortunately.

I thought it a bit strange also, just emailed them and had a very quick response confirming that they DO accept applications from N.Ireland

Good news but puzzling what they mean by 'mainland' in that case then? Presumably they mean to exclude the Channel Islands, Isle of Manx, Gibraltar and the Falklands - but UK would already adequately cover that.

WillPS

castle96 said:

So assuming a FP today and 1 on 1/10 by SO, when to make the LAST SO pmt??

Satuday, 1st November 2025 - unless they're one of these providers who won't credit until next working day, in which case Monday, 3rd November 2025 (if you're fussed about 2 days of interest on £250).

soulsaver

So after a call to Market Harb BS, they have agreed to make the max pay in 15 payments! So a max £3750
and will be amending the terms to reflect that shortly...

And another morsel of interest - they update deposits every 2 hours during office hours ... so you should be able to see weekday deposits online same day made before 15.00 hours.  

35har1old

WillPS said:

Market Harborough 6% (fixed), with credit to @35har1old above

https://mhbs.co.uk/my-membership/exclusive-products/fixed-term-regular-saver-1yr01/

• Save between £10 – £250 a month
• Annual interest paid on maturity
• You must make regular monthly deposits 
• Even with a penalty early withdrawals are not allowed (closure is not permitted either)
• Initial deposit must be received with 10 days of opening the account

Matures end of November 2025.

Where did you get the figure of £3000 max as the current members monthly saver allows £3000 a month

WillPS

35har1old said:

WillPS said:

Market Harborough 6% (fixed), with credit to @35har1old above

https://mhbs.co.uk/my-membership/exclusive-products/fixed-term-regular-saver-1yr01/

• Save between £10 – £250 a month
• Annual interest paid on maturity
• You must make regular monthly deposits 
• Even with a penalty early withdrawals are not allowed (closure is not permitted either)
• Initial deposit must be received with 10 days of opening the account

Matures end of November 2025.

Where did you get the figure of £3000 max as the current members monthly saver allows £3000 a month

What they're saying is if you have both accounts you can't deposit more than £3k/month in total between the two, so if you max out this one you can only contribute up to £2750/month in to the other (although why you'd bother when the interest rate is so low with a notice period for withdrawals defeats me).

CuparLad

WillPS said:

What they're saying is if you have both accounts you can't deposit more than £3k/month in total between the two, so if you max out this one you can only contribute up to £2750/month in to the other (although why you'd bother when the interest rate is so low with a notice period for withdrawals defeats me).

Not quite. The maximum combined monthly deposit is £250 with a maximum combined balance of £3000 (soon to be £3750)

WillPS

CuparLad said:

WillPS said:

What they're saying is if you have both accounts you can't deposit more than £3k/month in total between the two, so if you max out this one you can only contribute up to £2750/month in to the other (although why you'd bother when the interest rate is so low with a notice period for withdrawals defeats me).

Not quite. The maximum combined monthly deposit is £250 with a maximum combined balance of £3000 (soon to be £3750)

In that case, what's the point of a monthly saver account with a monthly deposit limit equal to the overall balance limit?

I'm putting MHBS on my 'wierd' list. That'll teach 'em.

[Deleted User]

That was very quick and easy to open, well impressed so far! Thankyou for finding this account.