Regular Savings Accounts: The Best Currently Available List!

typistretired

As it does not start until they close the Xmas Issue 2 it could be an early notification by Monmouthshire for existing members.  Might close quickly if too many apply.

someone

JamesRobinson48 said:

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. 

6.14 of the general terms means the money will not be locked in if the rate decreases

1. If we make a change to the interest rate we pay on your account which is to your disadvantage we will notify you by sending you a letter, email or other personal notice 30 days in advance of the change. At any time up to 30 days from the date of our notice you may close your account, or transfer your money to another Society account. You may do this without giving us any notice or incurring any charge or loss of interest that would otherwise apply under the Product Terms and Conditions.

Christmas Saver Bond (Issue 3), Summary Box - Key Product Information is online at https://www.monbs.com/products/christmas-saver-bond/ (but applications not open until 1st November)

Given the current climate I don't blame them offering a variable rate

moi

liamcov said:

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?

It does seem to be a maturing account exclusive: https://www.monbs.com/savingsmaturity/

https://www.monbs.com/products/christmas-saver-bond/

isasmurf

10_66 said:

OH’s HSBC regular saver matured on 26th September, and although the new one was applied for on the same day, it wasn’t opened until the 29th September.  Under normal circumstances the new application would have been left until the beginning of October due to the lateness in the month, but applied for it just in case HSBC pulled the 2.75%.

Unfortunately, that means there are going to be problems with 2 of the future dates:

1) There’s no 29th February 2021, so I guess that means the 29/2/21 standing order won’t go in until the 1st March (so missing a payment in for February).

2) The 29th May is a Saturday and the 31st May is a Bank Holiday, so I guess that means the 29/5/21 standing order won’t go in until the 1st June (so missing a payment in for May).

As I think has recently been discussed here, HSBC won’t change the standing order dates, or has anyone been successful in asking them to change it to accommodate the above types of issue?

Couldn't see a reply to this.
There is no problem. Your OH still makes 12 payments into the account. HSBC RS months run from the same date every month as the date in the month the account was opened. So while your OH may not make a payment in the calendar month of February and 2 payments in the calendar month of March, HSBC will still regard them as payments in separate RS months 

polymaff

10_66 said:

Unfortunately, that means there are going to be problems with 2 of the future dates:

1) There’s no 29th February 2021, so I guess that means the 29/2/21 standing order won’t go in until the 1st March (so missing a payment in for February).

2) The 29th May is a Saturday and the 31st May is a Bank Holiday, so I guess that means the 29/5/21

"if you don't pay in the maximum allowed in any month, you can carry over the unused subscriptions and catch up in future months"

longhill

Hi I mixed up my accounts and sent an extra payment to my Coventry reg saver taking it over the 500 will they just send the extra back or the whole lot many thanks

polymaff

They've refunded the overpayment only when I've done that.

longhill

OK thanks for the quick answer

surreysaver

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?)

Until 2 of my Monmouthshire Regular Savers matured last week, I had the Issue 4, Issue 5, Christmas Issue 2, Saver Plus and the Celebration all open at the same time 

dcs34

Hi all, trying to recall if there are currently any regular savers that allow you to 'top up' payments where in previous months you have underpaid the maximum monthly amount. Most accounts now prescribe min/max monthly limits, hence you can't fill a gap from previous months that were underpaid.