Regular Savings Accounts: The Best Currently Available List!

Kim_13

Hattie627 said:

Market Harborough BS

The name of the account is "Fixed Tern Regular Saver (30.11.2025)" (this is what I applied for) but it is showing as One Year Regular Saver on my online list. No reference to the interest rate in the account details either.  Is this okay?

I can't fund until tomorrow as CoP not recognising the details. 

 

That’s what mine said when I logged in, but the account name was correctly listed on the email with the pay in details on so I wasn’t too worried. I might send them a secure message if it still says that once I’ve funded it. 

MHBS only have two regular savers available and the other is for existing members so anyone who has applied as a new customer could not have got the wrong account if MHBS follow their own terms.

t1redmonkey

Kim_13 said:

Hattie627 said:

Market Harborough BS

The name of the account is "Fixed Tern Regular Saver (30.11.2025)" (this is what I applied for) but it is showing as One Year Regular Saver on my online list. No reference to the interest rate in the account details either.  Is this okay?

I can't fund until tomorrow as CoP not recognising the details. 

 

That’s what mine said when I logged in, but the account name was correctly listed on the email with the pay in details on so I wasn’t too worried. I might send them a secure message if it still says that once I’ve funded it. 

MHBS only have two regular savers available and the other is for existing members so anyone who has applied as a new customer could not have got the wrong account if MHBS follow their own terms.

As I mentioned previously, mine's also called that but I have funded it, and is correctly showing the interest rate so it should be fine once you've funded it:

Bigwheels1111

Hattie627 said:

Market Harborough BS

The name of the account is "Fixed Tern Regular Saver (30.11.2025)" (this is what I applied for) but it is showing as One Year Regular Saver on my online list. No reference to the interest rate in the account details either.  Is this okay?

I can't fund until tomorrow as CoP not recognising the details. 

 

It will not show up for CoP as money goes into a Barclay Bank account.

Quite a few of my regular savers have this issue.

Gatehouse bank are the same.

roked

Thanks @35har1old for the nice find with MHBS.
Just tried to apply and I was told it needs to be reviewed and they will come back to me. Not sure if its because it is out of hours or it does not like something on my application. Hopefully sorted in the morning. 

WillPS

Bigwheels1111 said:

Hattie627 said:

Market Harborough BS

The name of the account is "Fixed Tern Regular Saver (30.11.2025)" (this is what I applied for) but it is showing as One Year Regular Saver on my online list. No reference to the interest rate in the account details either.  Is this okay?

I can't fund until tomorrow as CoP not recognising the details. 

 

It will not show up for CoP as money goes into a Barclay Bank account.

Quite a few of my regular savers have this issue.

Gatehouse bank are the same.

Mansfield BS also use Barclays Bank, they do support CoP correctly though. Chase do a check on sort code/account number only (like normal) but then say they need a reference as well - then it matches. The same thing happens with MHBS but I couldn't get it to match.

I think what might be happening is a Nationwide-like situation where it'll update overnight. (Mansfield BS send stuff out in the post so this won't have been a problem there.)

EDIT -

MHBS definitely support CoP: https://mhbs.co.uk/helping-you-stay-protected/confirmation-of-payee


By the way, The Nottingham have their own sort codes, don't use roll numbers/references and yet still unfortunately don't support CoP (yet!).

dingling68

MHBS:

I have had to send a copy of my nominated bank statement for review before the account is hopefully opened

PowerSavingMode

MHBS 1 Year Regular Saver 

Opened, and received email confirmation, but followed the instructions of how to deposit and my bank is saying that "the payee account is not supported"... Did anyone else get this, and if so, how did you resolve it (if at all)?

mattojgb

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.

You can effectively close the account by missing two months payments, which is equivalent to 60 to 90 days notice (depending when you realize you need access).

Bigwheels1111

DJDools said:

MHBS 1 Year Regular Saver 

Opened, and received email confirmation, but followed the instructions of how to deposit and my bank is saying that "the payee account is not supported"... Did anyone else get this, and if so, how did you resolve it (if at all)?

We all got this, its very common.

I went with

My Name as shown in my account Mr X X XXXXXX

Sort code

Account Number

Ref,  11 digits, not including /1 at the end I think it was.

The money goes to barclays bank first then is put into your account from there.
Even after first payment, the standing order still does not like it.

allegro120

DJDools said:

MHBS 1 Year Regular Saver 

Opened, and received email confirmation, but followed the instructions of how to deposit and my bank is saying that "the payee account is not supported"... Did anyone else get this, and if so, how did you resolve it (if at all)?

Yes, Chase didn't match the account. I've sent £10 anyway, I'm almost certain it will show tomorrow and I will deposit the remaining £240 when I see my tenner arrived.  As people mentioned in posts above, not all accounts get recognised by CoP immediately.

If you are unsure, try again tomorrow.