Regular Savings Accounts: The Best Currently Available List!

veryintrigued

soulsaver said:

veryintrigued said:

surreysaver said:

veryintrigued said:

moi said:

Monmouthshire BS have "made a change to your Christmas Saver Account," i.e. they're scrapping it, with the default being they turn it into an Easy Saver in a month.

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

Has everyone (anyone) received a follow up letter to this asking for the returned maturity instructions?

No. If you don't respond, it just gets turned into an easy saver. That's what I'm doing, as then I'll be able to transfer the money onto my linked account 

This is the thing - I have responded - weeks ago.

The letter is along the lines of 'if you've already responded ignore this letter'.

Hence I was keen to see if they're targeting everyone.

Previously I have been keen to praise Monmouthshire.

But they're turning into a bit of a shower.

Yes, I got the follow up letter even though I had responded to the earlier one with my preferences.
MBS do work in mysterious ways.

Thanks - I much prefer institutions who send a 'thanks for your instructions' confirmation letter or target those who've not sent their instructions back.

Sending these types of letters only serves to spread more confusion. Especially when they've a recent history of 'not receiving post'.

Special_Saver2

Hi Everybody,

Here is this weekend's update to this thread.

I cannot see anything that has changed.

I will do the next update next weekend.

SS2

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For those new to this thread, the first few posts are constantly updated and are on the first page
https://forums.moneysavingexpert.com/discussion/6106986/regular-savings-accounts-the-best-currently-available-list/p1

surreysaver

Thomas_Crown said:

surreysaver said:

Thomas_Crown said:

Principality Building Society, 1 Year Regular Savings Bond Issue 22, 1.5% AER (Fixed), Min.£20 to open, Max.£250 per month, No Withdrawals.

That's not a new account. Its been available for nearly a year 

Who said it was new? It's still available and pays a higher interest rate than other accounts. Plus the interest rate is fixed, unlike Coventry BS. Take a look at the posts showing the Chorley BS renewal rates. 11 months ago Principality was paying 2.7% AER.

You didn't state the purpose of your post.  It reads like you've posted a new account.

typistretired

Thanks - I much prefer institutions who send a 'thanks for your instructions' confirmation letter or target those who've not sent their instructions back.

Sending these types of letters only serves to spread more confusion. Especially when they've a recent history of 'not receiving post'.

I sent a secure message to them asking why they had not confirmed receipt of instructions. They replied that they had received my instructions but it was their policy to write back when the account had matured and instructions followed out. Then Monmouthshire BS sent me that reminder letter which I received yesterday. Left hand doesn’t know what the right hand is doing

moi

veryintrigued said:
Has everyone (anyone) received a follow up letter to this asking for the returned maturity instructions?

Yes, despite having sent their form back.

typistretired

moi said

Yes, despite having sent their form back.

How much are they wasting on postage

Keith80

Principality BS has a new RS for NHS employees. Rate is 1.65%.

typistretired

Keith80 said:

Principality BS has a new RS for NHS employees. Rate is 1.65%.

But they can only apply by post or in Branch

veryintrigued

bubieyehyeh said:

While the letter is carefully worded I believe you can close the account early, based on the saving terms and conditions section 7.8
https://www.thenottingham.com/~/media/files/savings/forms and documents/savings-terms-march-19-lit3117.pdf?la=en

If we materially decrease an interest rate to your disadvantage, we will notify you in writing 14 days in advance of the change.

You will be given 30 days from the date of this notification to close or switch your account without notice or penalty.

We will define a decrease to an interest rate as ‘material’ if it reduces more than the Bank of England Base Rate

So I've emailed to ask if my assumption is correct, and if so what the early closure process is. .

Notts BS
Any response from NBS please @bubieyehyeh

veryintrigued

Keith80 said:

Principality BS has a new RS for NHS employees. Rate is 1.65%.

***Warning slightly tangential post***

I wonder how this is 'policed'?

If its by applicants having an NHS employee number plenty of people having absolutely key positions supporting the NHS may miss out on this?

E.g. a close relative of mine works in a hospital sorting out prescriptions for all the NHS patients within the in-house pharmacy. But as she's, now, employed by a third party company rather than the NHS she maybe wouldn't be eligible for this.

Presumably, she's less worthy, than the many health staff who seek advice from her, within 'her pharmacy' on a daily basis for the patients.

It's a different thread but, whilst recognising what an absolutely amazing job most of our NHS staff do, we do need to value lots, lots more peoples roles, who are critical to society, too.