Regular Savings Accounts: The Best Currently Available List!

typistretired

Not heard from them yet.
Letter just arrived in post today.

quirkydeptless

I've had the Ecology Building Society Regular Saver for some time now.

It has a variable 1.1% interest rate which isn't looking too shabby in the current market

Is this one worth adding to the front pages of this thread now?

https://www.ecology.co.uk/savings/savings-accounts/regular-savings/

typistretired

 Monmouthshire BS

veryintrigued said:

Monmouthshire
(I do wish people on here would state which institution or product they are referring too).

I haven't received the paperwork yet but thanks to @moi is that suggesting that the whole of the Christmas Saver balance as well as £1k per month, can be saved in the Christmas Bond?

veryintrigued said:

Monmouthshire
(I do wish people on here would state which institution or product they are referring too).

I haven't received the paperwork yet but thanks to @moi is that suggesting that the whole of the Christmas Saver balance as well as £1k per month, can be saved in the Christmas Bond?

veryintrigued said:

Monmouthshire
(I do wish people on here would state which institution or product they are referring too).

I haven't received the paperwork yet but thanks to @moi is that suggesting that the whole of the Christmas Saver balance as well as £1k per month, can be saved in the Christ

Monmouthshire
They only allow one Regular Saver @ £250 in re-investment options but they have 2 Regular Savers Regular Saver Bond Issue Issue 5 £250 monthly and Christmas Saver Bond Issue 3 maximum £1,000 monthly

JamesRobinson48

moi said:

Christmas Saver Bond Issue 3  @ 1.1% &  £1000 per month looks like a decent replacement, but that only lasts 1 year, rather than rolling on

As I see it, the drawback with the Monmouthshire BS's new Christmas Saver # 3 is that, even though the interest rate is variable,  no withdrawals are permitted for the entire year.  Unlike the predecessor Xmas product, whose 1.00% bonus was locked in for the year (plus a bit of variable interest on top). Generally I trust the MonBS to do the 'right thing' by regular savers, as they have a reputation to protect in their core local area. But I'll be in no hurry to open this one. 

veryintrigued

JamesRobinson48 said:

moi said:

Christmas Saver Bond Issue 3  @ 1.1% &  £1000 per month looks like a decent replacement, but that only lasts 1 year, rather than rolling on

As I see it, the drawback with the Monmouthshire BS's new Christmas Saver # 3 is that, even though the interest rate is variable,  no withdrawals are permitted for the entire year.  Unlike the predecessor Xmas product, whose 1.00% bonus was locked in for the year (plus a bit of variable interest on top). Generally I trust the MonBS to do the 'right thing' by regular savers, as they have a reputation to protect in their core local area. But I'll be in no hurry to open this one. 

Monmouthshire
Just received the forms. They don't give the option of saving £1000 from the matured funds into the new Christmas Saver at all. Regardless of whether you want to take out any other product.

Weirdly the form options seem aimed at the Regular Saver 5.

typistretired

Who rattled your cage!

typistretired

Monmouthshire BS
Having read the letter carefully you cannot pay all the money into the Christmas Saver Bond Issue 3 and then pay in £1,000 per month.  They state deposit limits may apply and you can only deposit £1,000 a month into the Christmas Saver Bond Issue 3.  

liamcov

Thanks all I was just about to post this.
So I'm thinking £1,000 into Xmas issue 3 and £250 into Regular Saver Bond issue 5 (I already have issue 4 - is this a bar?)

typistretired

liamcov said:

Thanks all I was just about to post this.
So I'm thinking £1,000 into Xmas issue 3 and £250 into Regular Saver Bond issue 5 (I already have issue 4 - is this a bar?)

As it is a different Monmouthshire BS issue number you should be okay.
I have opted for both too and put a paying in slip in envelope to cover transfer to my nominated account of any excess funds.

liamcov

typistretired said:

liamcov said:

Thanks all I was just about to post this.
So I'm thinking £1,000 into Xmas issue 3 and £250 into Regular Saver Bond issue 5 (I already have issue 4 - is this a bar?)

As it is a different Monmouthshire BS issue number you should be okay.
I have opted for both too and put a paying in slip in envelope to cover transfer to my nominated account of any excess funds.

Thanks just checked too and it's not explicitly stated so will give it a try.
Also, the Xmas issue 3 isn't on their website - is this an existing member exclusive?