Regular Savings Accounts: The Best Currently Available List!

BonettiRules

35har1old said:

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.

Haven't managed to upload selfie

I have spoken with them.  The 1 year is incorrect and should be updated soon.  The end date 30 November is correct. 

[Deleted User]

My MHBS deposit has now gone in.

BonettiRules

gt94sss2 said:

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.

All banks and building societies have to support confirmation of payee by the end of October 2024 including those who have their own sort code and/or rely on customers quoting their account/roll number in the reference field.

Gatehouse and Market Harborough have both already implemented COP support 

@bigwheels MarketHarbs are part of Cop and have been since May I think, they were quick to join.   If you don't get a COP match after waiting 24 hours (as per email) then DON'T send the money!!

Wheres_My_Cashback

AmityNeon said:

Kim_13 said:

I don’t expect a COP match from MHBS given the instruction to put my name as the payee name - which I will format as they have in their online portal. Where a payment reference is required to identify the account to be credited, surely you would only get a COP match if you stated Market Harborough Building Society and selected business? Where a provider gives you a sort code and an account number unique to you, that’s different.

The CoP system has been updated so Secondary Reference Data can also be verified. E.g. You provide your personal name, as an individual, whilst providing Skipton's generic sort code and account number; you are then required to provide your unique reference which is verified as part of CoP.

CoP FAQ:

What payee name should customers use when paying an account that requires reference data?

PSP’s customers need to ensure that they use the correct payee name and reference when setting up a new payment that requires a reference as part of the CoP check.

When a PSP’s customer is making a new payment to a building society account that requires a roll number, they should enter the account holder’s name in the payee field (not the name of the building society receiving the payment).

When a customer is making a new payment to a credit card or other payment account (e.g. from the major beneficiaries’ biller list), they should enter the account holder’s name in the payee field (not the name of the company receiving the payment).

However, none of the above is enforced and won't be until full COP implementation takes place which is a very very long way off due to the number of institutions which have been slow to act on COP.
As long as the sort/account and reference if required are entered correctly funds will arrive as a FP if signed up.

You can put ANY combination of letters/numbers as a payee and it makes not one iota of difference.

I sent 2 payments to MHBS yesterday from both from SAN and Chase, both payees were entered as Market Harborough FTRS 1 and sent as 'personal'. Both were visible on MHBS online within an hour approx.

MHBS have also corrected the max balance error overnight and the T&Cs now state

The minimum balance is £10 and the maximum balance is £3,750 per account. Customers may only have two Fixed Term Regular Saver accounts open at a time, either solely or jointly, with a combined maximum deposit of £250 per month not exceeding the maximum balance of £3,750.

BonettiRules

Kim_13 said:

I don’t expect a COP match from MHBS given the instruction to put my name as the payee name - which I will format as they have in their online portal. Where a payment reference is required to identify the account to be credited, surely you would only get a COP match if you stated Market Harborough Building Society and selected business? Where a provider gives you a sort code and an account number unique to you, that’s different.

Hi Kim.   CoP defo works for MHBS but as per the email you have to wait 24 hours.  Again as per the email you need to put your own name in

BonettiRules

35har1old said:

CricketLady said:

Thank you for the heads up on Market Harborough 6%, it was a really simple process to open the account even though I don't think I've ever been to Market Harborough.

Bit confused about the bit that says “if more than one monthly payment is missed during a calendar year the account will be transferred to the easy access account and interest rate at that time…” - three monthly payments WILL be missed, September 2025, October 2025 and November 2025 (if month 1/12 is September and £250 is paid in on next 11 consecutive months, as the account maturity date is set to November 30th 2025).  If we’re not allowed to exceed £3000 so how does this work?

I can ask nearer the time, but anyone on here had experience of this before?

Customer adviser today stated max £3000

As you might be able to tell had a good chat with a MHBS today, they will continue to accept monthly payments until account matures on 30.11 so they will accept 14 payments and all will benefit.  They will change the wording to be clearer for next product

Hattie627

BonettiRules said:

35har1old said:

CricketLady said:

Thank you for the heads up on Market Harborough 6%, it was a really simple process to open the account even though I don't think I've ever been to Market Harborough.

Bit confused about the bit that says “if more than one monthly payment is missed during a calendar year the account will be transferred to the easy access account and interest rate at that time…” - three monthly payments WILL be missed, September 2025, October 2025 and November 2025 (if month 1/12 is September and £250 is paid in on next 11 consecutive months, as the account maturity date is set to November 30th 2025).  If we’re not allowed to exceed £3000 so how does this work?

I can ask nearer the time, but anyone on here had experience of this before?

Customer adviser today stated max £3000

As you might be able to tell had a good chat with a MHBS today, they will continue to accept monthly payments until account matures on 30.11 so they will accept 14 payments and all will benefit.  They will change the wording to be clearer for next product

If the maximum balance is now £3750, surely that is 15 payments:- £250 each month from Sept 24 to Nov 25 (inclusive)

BonettiRules

 Hattie627 said:

BonettiRules said:

35har1old said:

CricketLady said:

Thank you for the heads up on Market Harborough 6%, it was a really simple process to open the account even though I don't think I've ever been to Market Harborough.

Bit confused about the bit that says “if more than one monthly payment is missed during a calendar year the account will be transferred to the easy access account and interest rate at that time…” - three monthly payments WILL be missed, September 2025, October 2025 and November 2025 (if month 1/12 is September and £250 is paid in on next 11 consecutive months, as the account maturity date is set to November 30th 2025).  If we’re not allowed to exceed £3000 so how does this work?

I can ask nearer the time, but anyone on here had experience of this before?

Customer adviser today stated max £3000

As you might be able to tell had a good chat with a MHBS today, they will continue to accept monthly payments until account matures on 30.11 so they will accept 14 payments and all will benefit.  They will change the wording to be clearer for next product

If the maximum balance is now £3750, surely that is 15 payments:- £250 each month from Sept 24 to Nov 25 (inclusive)

Yea sorry if you get one in now it is, hadn't counted on my fingers

HHUK

BonettiRules said:

Again as per the email you need to put your own name in 

I selected Business Account, entered MHBS 1 Yr Reg Saver as the description together with sort code, account and reference numbers. COP wasn't verified but I continued anyway, and the £10 test payment I made after close of business yesterday is showing in my account online as having been received yesterday.

Hattie627

Name of account on my account page now changed to "Fixed Term Regular Saver" (no end date in title, though).

Edited to add:- maturity date of 30/11/25 given under account details tab.