Regular Savings Accounts: The Best Currently Available List!

Bigwheels1111

Just been told by Clare from MHBS, that they are changing the terms because a few of us have asked if 15 payments of £250 are correct as end end of November.

£3,750 of deposits are fine.

chris_the_bee

WillPS said:

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 'weird' list. That'll teach 'em.

One does not equal the other.
The maximum combined monthly deposit over the two accounts is £250
The maximum combined balance over the two accounts is £3000 (soon to be £3750)
So if you contribute £250 to one of the accounts, you cannot contribute that month to the other one as well, but you could contribute £125 to each of the two.

Kim_13

Probably the easiest account ever set up as a new customer. It said 10 days to fund so thought I might as well get the application in today in case short lived and fund once HRBS matures.

Kim_13

castle96 said:

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

1/11/25 unless it is a £3,000 hard limit. Presumably if it is the 1/9/25 SO would be returned for exceeding the maximum balance.

s71hj

Re MHBS regular saver
Can't get the application underway on my phone browser. The APPLY button is partially broken up in it's display and does nothing so I guess I'll have to try on my computer.

Digital_Payback

Same happened me. 

Turn your phone sideways to landscape mode. 

It then works. Apply button on right hand side. 

soulsaver

WillPS said:

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 'weird' list. That'll teach 'em.

Just put it on your suspected typo list...

Bridlington1

Just a reminder the Leeds BS interest rate reductions come into effect tomorrow. Of note:

REGULAR SAVER (ISSUE 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53 & 54) from 5.25% to 5.1% (brings it in line with the currently available issue 55)

Home Deposit Saver- NO CHANGE for balances below £30k (remains at 5.15%), though the rate on balances of £30k+ reduces from 2.45% to 2.3%.

WillPS

chris_the_bee said:

WillPS said:

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 'weird' list. That'll teach 'em.

One does not equal the other.
The maximum combined monthly deposit over the two accounts is £250
The maximum combined balance over the two accounts is £3000 (soon to be £3750)
So if you contribute £250 to one of the accounts, you cannot contribute that month to the other one as well, but you could contribute £125 to each of the two.

https://mhbs.co.uk/my-membership/exclusive-products/member-monthly-saver-30r1/

"Save between £10 – £3,000 a month"

That one has a different total balance allowable tho, so I guess the total balance isn't shared.

t1redmonkey

soulsaver said:

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.  

Seems even payments after 3pm can appear same day, since I didn't send funds until around 3:30pm but can already see it in the regular saver