Regular Savings Accounts: The Best Currently Available List!

BonettiRules

HHUK said:

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.

This happened to me with another company earlier this year, they will have manaully picked up and processed the payment, you were lucky as usually they don;t do this for audit reasons

ForumUser7

WillPS said:

ForumUser7 said:

MHBS RS

Re the 2 accounts thing in the terms - presumably if I’m planning to fill one each month, there is no point in opening the other as it could never be funded? Unless I wanted to open 2, fund each with half each month, then have access to some of the funds rather than all by triggering closure through missed payments??

You can only have one of each type of regular saver. They allow you to have a maximum of 2 regular savers but the other one currently available is clearly not worth bothering with.

It doesn’t seem to say that part (one of each type) in the product terms though. Only that you can have two fixed term RSs at a time, and they only retail one fixed term RS AFAICT.

s71hj

HHUK said:

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.

Songs it definitely a case of selecting "Business account" ? I've had different experiences and indeed advice on this from different institutions 

WillPS

ForumUser7 said:

WillPS said:

ForumUser7 said:

MHBS RS

Re the 2 accounts thing in the terms - presumably if I’m planning to fill one each month, there is no point in opening the other as it could never be funded? Unless I wanted to open 2, fund each with half each month, then have access to some of the funds rather than all by triggering closure through missed payments??

You can only have one of each type of regular saver. They allow you to have a maximum of 2 regular savers but the other one currently available is clearly not worth bothering with.

It doesn’t seem to say that part (one of each type) in the product terms though. Only that you can have two fixed term RSs at a time, and they only retail one fixed term RS AFAICT.

The wording seems to be changing between monthly savers (which there is another of) and fixed term savers (which there isn't). I'm not sure of their intention to be honest; but I can't see a way to apply online for a second account as an existing customer.

I presume they're leaving the door open to offering a new issue in future, perhaps in a year's time, and then at that point you'll be limited. I'd treat that as tomorrow's quandary tho.

PloughmansLunch

s71hj said:

HHUK said:

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.

Songs it definitely a case of selecting "Business account" ? I've had different experiences and indeed advice on this from different institutions 

I sent a payment 5mins after opening yesterday evening (didn't see the wait until COP works message - oops), and it was already credited when I checked this morning. I used:

My name as it appears in the account (e.g. J Smith)
MHBS Sort Code
MHBS Account number (Barclays)
Ticked 'Business account'
Added account number as a reference, leaving off the /1 (e.g. 12345678910)

HHUK

BonettiRules said:

you were lucky as usually they don;t do this for audit reasons

Market Harborough Fixed Term Regular Saver

In my experience there has never been an issue provided the sort code, account and reference numbers are entered correctly. The email says

'Name: Enter the name as it appears on your new account'.

It doesn't say 'your name' so I wasn't 100% certain whether they wanted my name, the society's name or the name of the account. Someone suggested above that what is entered in the 'name' field is completely irrelevant. I chose the Business Account and Business Name options.

BonettiRules

PloughmansLunch said:

s71hj said:

HHUK said:

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.

Songs it definitely a case of selecting "Business account" ? I've had different experiences and indeed advice on this from different institutions 

I sent a payment 5mins after opening yesterday evening (didn't see the wait until COP works message - oops), and it was already credited when I checked this morning. I used:

My name as it appears in the account (e.g. J Smith)
MHBS Sort Code
MHBS Account number (Barclays)
Ticked 'Business account'
Added account number as a reference, leaving off the /1 (e.g. 12345678910)

I can only reiterate what I have been told directly they have a lot of payments dropping out because people are ticking "business" and not entering their own name own their account number. CoP clearly says you enter personal and you enter your own name.  Apparently payments are being returned so if yours hasn't been your lucky.

Marcoos

Market Harborough

Just set up and very quick to do.

Not sure about the funding now based on the discussions.. 

I entered my name as it shows on the account, selected personal (it's what I normally do for other accounts) used the sort, account codes and finally the 11 digit reference code without the /1

Hopefully works...

Bigwheels1111

BonettiRules said:

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!!

BonettiRules said:

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!!

Don't send money, bit late I opened and funded the account in less than 10 minutes.

Been there seen it and done it before.

BonettiRules

Marcoos said:

Market Harborough

Just set up and very quick to do.

Not sure about the funding now based on the discussions.. 

I entered my name as it shows on the account, selected personal (it's what I normally do for other accounts) used the sort, account codes and finally the 11 digit reference code without the /1

Hopefully works...

As long as you follow their instructions in the email, NOT people on here then you won;t fall foul. If you follow people on here (saying tick business etc.) just remember you WON'T be covered by CoP if your money goes astray!