Regular Savings Accounts: The Best Currently Available List!

Fingerbobs

colsten said:

What does it say under "Your Bank Account" for you in your online banking? IIRC, I sent them a cheque when I opened my first account with them, and they used that account as the account to which all my matured balances were transferred.


if you haven't got one of those already set up, you could probably open an instant access account and send them a £1 cheque as an opening deposit. Worth having such an account sitting there if you plan further accounts with them and want to keep your online access alive. 

If there is no bank account set up, you are taken to a form to enter the details for your nominated account. They then send you a form through the post which you have to sign and return along with a bank statement from the nominated account or a paying-in slip.

I've just done this myself.

Sea_Shell

Re Monmouthshire Celebration Reg Saver.   My Log-in is working fine, but DH's gets a message to say that his ID may have expired.   Anyone else had this?    (I've logged onto mine once or twice, but not DH's for ages, as no need).  

We both had to re-do our passwords and mem info a little while ago, and all was OK then.   We've already got our authorised bank accounts set up too, so will just let these mature into the easy saver, and then make a withdrawal.

where_are_we

Thanks for all your posts. We both used cheques and standing orders from our current account when opening and running the account and ID etc was accepted. This is our nominated account and there is no mention their expiry. The problem is the maturity form and instructions make no mention of transferring the deposit + interest to your "nominated account". I have posted the form back, requesting funds to be paid this account. I also include blank paying in slips as proof of the account just to be on safe side. Don`t forget to include your passbook!

schiff

I sent my Withdrawal Mandate to them last August when an earlier RS matured. I don't know what additional evidence I sent as I don't have any paying-in slips for my account, only cheques, and I wouldn't have sent pass sheet copies on principle ( I consider it well OTT). In any event, whatever I did, the payout was in my account on time and it shows in my online account under Your Bank Account. Status still shows as Waiting Mandate, so it's not been updated.

typistretired

They can be a pain Monmouthshire BS received a
letter today with details of my new Christmas Saver including account but the letter says opening cannot be completed until they receive my signature on the enclosed form.

Fingerbobs

Sea_Shell said:

Re Monmouthshire Celebration Reg Saver.   My Log-in is working fine, but DH's gets a message to say that his ID may have expired.   Anyone else had this?    (I've logged onto mine once or twice, but not DH's for ages, as no need). 

I successfully logged in last week, but today I am seeing a message that I've either entered my credentials wrongly or my ID has been suspended. Can't log in.

typistretired

Just signed in okay and able to add the new Christmas Saver which is now showing as pending.

10_66

YBS Monthly Saver - issue 2

I've searched through the summary and general terms and conditions, but can't find any reference to a minimum monthly payment (only that the minimum opening balance is £10).  Does anyone know what the min monthly is please, and whether you can miss monthly payments.  I'm not sure whether I want to close this just yet.

glider3560

10_66 said:

YBS Monthly Saver - issue 2

I've searched through the summary and general terms and conditions, but can't find any reference to a minimum monthly payment (only that the minimum opening balance is £10).  Does anyone know what the min monthly is please, and whether you can miss monthly payments.  I'm not sure whether I want to close this just yet.

There is no minimum monthly payment and you can miss payments.  This account doesn't have a bonus (so no weird conditions), it's just a standard interest rate.

Puffer

abz88 said:

Email through from YBS, they are further reducing their rates after the second BoE base rate reduction
-Regular Saver - down to 1%
- Regular Saver Issue 2 - down to 1.3%
- Regular Saver Issue 3 - down to 1%.
New rates take effect from 20/04/2020

Quite apart from the withdrawal of RS2 (and other accounts), how can the overall reduction of 1.2% (2.5% to 1.3%) be justified when the overall base rate reduction was 'only' 0.65%?   And this from YBS whose chief exec had the highest reported salary last year?   
And am I being totally naiive to think that, aside from any question of loyalty, the government, at least, will soon want people to lend it money to pay for all the CV19-related outgoings?   If so, I wonder if and when we will start to see decent savings rates again.