Regular Savings Accounts: The Best Currently Available List!

Every_Penny_Counts

castle96 said:

? not showing on website  ?

https://www.monbs.com/products/existing-member-regular-saver-bond/

where_are_we

New Monmouthshire RS -  If you are apprehensive about following a link (By the way this is not a condemnation of Every Penny Counts post which is the quickest way!) - go to the www.mons.com website click "savings" - click "personal savings accounts" - click "general savings accounts" - and scroll down and you will find it under "Regular Savings Accounts".

After application you do not get an instant account number - they will post account details after verification. Unfortunately this probably means you will not be able to get a first deposit in this month and then a subsequent one on the 1/9/21.

typistretired

And you can't apply while logged in to your account seems silly really.  If you were logged in they would know your details.

RetSol

And you can't apply while logged in to your account seems silly really.  If you were logged in they would know your details.

Yup. I have opened one but I was starting from scratch, as it were.

But.. good to see an RS available for me with a decent-ish rate plus £300 p. m. max subscription.  It's been a lean few months on the RS front. 

liamcov

Thanks guys. What is the 'Agreement to Assign Windfalls to Charity' all about?

Every_Penny_Counts

Re Monmouthshire

Don't try ringing them up today, I was held in a queue for an hour!

soulsaver

liamcov said:

Thanks guys. What is the 'Agreement to Assign Windfalls to Charity' all about?

Google is useful.

Gers

typistretired said:

And you can't apply while logged in to your account seems silly really.  If you were logged in they would know your details.

More clunkiness from MBS unfortunately. Some of the smaller BS's are really slick with their processes whilst others are rather stuck!

https://forums.moneysavingexpert.com/discussion/6292857/maturing-monmouthshire-regular-saver#latest

kaMelo

liamcov said:

Thanks guys. What is the 'Agreement to Assign Windfalls to Charity' all about?

Back in the days of building societies demutualising there would be a windfall pay out to members, either in the form of cash or shares within the demutualised institution.
The charitable assignment essentially means you agree that in the event of a demutualisation, your give up your right to that windfall payment and instead agree to transfer any such windfall to the charity contained within the assignment documentation.

They were introduced to prevent "carpet bagging" whereby people would open accounts at numerous institutions with the sole intention of voting to demutualise the institution, if the opportunity arose, and pocket the windfall.

castle96

Ah, the good old days. Still got a few left to go (one day maybe!)