Regular Savings Accounts: The Best Currently Available List!

Fingerbobs

quirkydeptless said:

I've opened the Skipton account. The rates on my regular savers we're getting so poor I was thinking of winding them down this year and retiring my magic money tree, but he's looking much happier now

Thank You Skipton!

I'm in the process of winding down. Haven't been renewing/replacing any that have matured this year. Just picking and choosing outstanding ones now, like Skipton

where_are_we

arsenalboy said:

Monmouthshire Building Society.

I have Reg Sav issue 4 which is maturing in a couple of weeks and have received the maturity letter. It gives a code to use on their web site to bring up maturity options.

I want to take the money out and the online form will only issue a cheque.

If I fill in the maturity form manually, that was received with the letter, and return it in the post it will let me request a FOC bank transfer.

Why are they making a bank transfer more difficult?

Yes it`s a pain! When my first Monmouthshire BS RS matured, I had to request a book of paying in slips (Bank Giro Credit) (I had none!) because I don`t receive statements in the post, to enable me to send a paying in slip along with the passbook and form . The system is antiquated, and despite their having my nominated bank account I have to provide proof each time an account matures. Is JR48 saying he doesn`t provide this proof when he sends in his passbook and form?

pafpcg

where_are_we said:

arsenalboy said:

Monmouthshire Building Society.

I have Reg Sav issue 4 which is maturing in a couple of weeks and have received the maturity letter. It gives a code to use on their web site to bring up maturity options.

I want to take the money out and the online form will only issue a cheque.

If I fill in the maturity form manually, that was received with the letter, and return it in the post it will let me request a FOC bank transfer.

Why are they making a bank transfer more difficult?

.....
The system is antiquated, and despite their having my nominated bank account I have to provide proof each time an account matures. Is JR48 saying he doesn`t provide this proof when he sends in his passbook and form?

I think what JR48 is saying is that when he requests the repayment of funds from his maturing Monmouthshire account, he does this on-line using the Transfer process which automatically uses the nominated bank account details.  Once you've set-up your nominated bank account, Monmouthshire won't ask for documentation or even the passbook when using the on-line system.  If you're doing it by post or branch, then passbook and bank account documentation will be expected.

PS: You're right about it being antiquated - for an account that can be managed entirely on-line, the passbook is redundant.

typistretired

When it matures into an easy access you can move manually but would be more efficient to be able to maturity instructions when logged into your account

castle96

My letter doesnt ask for passbook. Good job, as I haven't got one !

colsten

typistretired said:

When it matures into an easy access you can move manually but would be more efficient to be able to maturity instructions when logged into your account

If you are likely to have further regular savers with them, keep £1 in your Mmthshire easy access account so it stays active. If you withdraw the lot, they'll close it, and you have the trouble of applying for a new one (resulting in another round of having to post a signed form to them, and them sending you another passbook).

If you do have an existing easy saver, it shows as an option on the online maturity instruction form.

surreysaver

colsten said:

typistretired said:

When it matures into an easy access you can move manually but would be more efficient to be able to maturity instructions when logged into your account

If you are likely to have further regular savers with them, keep £1 in your Mmthshire easy access account so it stays active. If you withdraw the lot, they'll close it, and you have the trouble of applying for a new one (resulting in another round of having to post a signed form to them, and them sending you another passbook).

If you do have an existing easy saver, it shows as an option on the online maturity instruction form.

This is what I always do. I keep one account open with every institution I deal with just to keep my online access and nominated accounts active.

pafpcg

colsten said:

typistretired said:

When it matures into an easy access you can move manually but would be more efficient to be able to maturity instructions when logged into your account

If you are likely to have further regular savers with them, keep £1 in your Mmthshire easy access account so it stays active. If you withdraw the lot, they'll close it, and you have the trouble of applying for a new one (resulting in another round of having to post a signed form to them, and them sending you another passbook).

If you do have an existing easy saver, it shows as an option on the online maturity instruction form.

It shows as a option even if you DON'T have an existing Monmouthshire Easy Saver! 

schiff

Monmouth 
I'm trying something different this time. Previously I've sent a cancelled cheque. This time, no cancelled cheque, but I've pointed out to them on the form that the society has sent maturity payments on four previous occasions (dates quoted) to the same account, and that should have established the bona fides of the destination account.
I'm expecting the money on 31/8; if it isn't with me on that date, I'll update this post.

fleemkt

So with the Skipton RS, I assume you need to linked an external account and then manually push payments into the account every month?