Regular Savings Accounts: The Best Currently Available List!

colsten

surreysaver said:

colsten said:

You should be ok. Check your account online - you can add your new account to the display, and as soon as they have processed your signature (which they probably have by now if you sent it back), you can then add money. It does seem to take ages though before the money hits your account - I FPed some yesterday to my new account and it still isn't showing.

Money seems to be added at the end of the working day, so should appear the following day when you check online.  

My money did not get added at the end of yesterday, and the account balance is still £0. And yes, the payment details were all correctly entered.

surreysaver

colsten said:

surreysaver said:

colsten said:

You should be ok. Check your account online - you can add your new account to the display, and as soon as they have processed your signature (which they probably have by now if you sent it back), you can then add money. It does seem to take ages though before the money hits your account - I FPed some yesterday to my new account and it still isn't showing.

Money seems to be added at the end of the working day, so should appear the following day when you check online.  

My money did not get added at the end of yesterday, and the account balance is still £0. And yes, the payment details were all correctly entered.

Their process would appear to be a bit iffy at the moment, then!  Assuming the same thing happens to you as happened to me with my Christmas Saver, you'll get your deposit back later today.  I did send them a secure message earlier, so I'll see what response comes back from that.
Edit:  their response states they haven't received my signatory form yet (even though the account no longer shows as pending).  So I'll just keep trying to add money each day until it starts working (increasing each attempt by 1p so I can keep track of each payment).

Wheres_My_Cashback

Descrabled said:

Stafford Railway

Regular saver reduced to 1% on 1 May from former 2%

Yes, got notification this morning. That's a real shame it's dropped so low being an account with an indefinite maturity. 
To keep the account it requires a £25 min balance and a £25 min monthly payment. Almost certainly another closure for me.

Descrabled

Wheres_My_Cashback said:

Descrabled said:

Stafford Railway

Regular saver reduced to 1% on 1 May from former 2%

Yes, got notification this morning. That's a real shame it's dropped so low being an account with an indefinite maturity. 
To keep the account it requires a £25 min balance and a £25 min monthly payment. Almost certainly another closure for me.

I am holding off closing, for the moment, until we see how the other variable rate regular savers respond to the drop in BOE interest rates.

Wheres_My_Cashback

Descrabled said:

Wheres_My_Cashback said:

Descrabled said:

Stafford Railway

Regular saver reduced to 1% on 1 May from former 2%

Yes, got notification this morning. That's a real shame it's dropped so low being an account with an indefinite maturity. 
To keep the account it requires a £25 min balance and a £25 min monthly payment. Almost certainly another closure for me.

I am holding off closing, for the moment, until we see how the other variable rate regular savers respond to the drop in BOE interest rates.

Looks like they've just followed the YBS example with a very drastic reduction. Plenty of clean instant access savers available exceeding 1% which have already had rates reduced.

Descrabled

Wheres_My_Cashback said:

Descrabled said:

Wheres_My_Cashback said:

Descrabled said:

Stafford Railway

Regular saver reduced to 1% on 1 May from former 2%

Yes, got notification this morning. That's a real shame it's dropped so low being an account with an indefinite maturity. 
To keep the account it requires a £25 min balance and a £25 min monthly payment. Almost certainly another closure for me.

I am holding off closing, for the moment, until we see how the other variable rate regular savers respond to the drop in BOE interest rates.

Looks like they've just followed the YBS example with a very drastic reduction. Plenty of clean instant access savers available exceeding 1% which have already had rates reduced.

My gut feeling is that there will be few, if any, easy access accounts with interest rates above 1% come May.  I still have accounts at 1.35%, 1.3% and 1.2% but they are all subject to review and rate reduction.  I suspect 1% may be worth holding onto shortly.

Luckily I have most savings in fixed rate regular savers maturing early 2021.

colsten

surreysaver said:

Their process would appear to be a bit iffy at the moment, then!  Assuming the same thing happens to you as happened to me with my Christmas Saver, you'll get your deposit back later today.  I did send them a secure message earlier, so I'll see what response comes back from that.
Edit:  their response states they haven't received my signatory form yet (even though the account no longer shows as pending).  So I'll just keep trying to add money each day until it starts working (increasing each attempt by 1p so I can keep track of each payment).

You were right, Monmouthshire returned my payment today, even though the account has not been 'pending' since yesterday. I have re-sent the money but I am mildly unimpressed. I have other accounts with them, they have received my signature umpteen times already, and had un-pended my account. Goodness knows why they can't keep my money.

surreysaver

colsten said:

surreysaver said:

Their process would appear to be a bit iffy at the moment, then!  Assuming the same thing happens to you as happened to me with my Christmas Saver, you'll get your deposit back later today.  I did send them a secure message earlier, so I'll see what response comes back from that.
Edit:  their response states they haven't received my signatory form yet (even though the account no longer shows as pending).  So I'll just keep trying to add money each day until it starts working (increasing each attempt by 1p so I can keep track of each payment).

You were right, Monmouthshire returned my payment today, even though the account has not been 'pending' since yesterday. I have re-sent the money but I am mildly unimpressed. I have other accounts with them, they have received my signature umpteen times already, and had un-pended my account. Goodness knows why they can't keep my money.

I've received my £20 back again! I'll see if I receive my £20.01 back tomorrow that I sent today. I'll send them another £20.02 tomorrow and see if I get that back on Monday. Perhaps all their staff are working from home and they're trying to concentrate on their kids at the same time as their customers? 

veryintrigued

surreysaver said:

colsten said:

surreysaver said:

Their process would appear to be a bit iffy at the moment, then!  Assuming the same thing happens to you as happened to me with my Christmas Saver, you'll get your deposit back later today.  I did send them a secure message earlier, so I'll see what response comes back from that.
Edit:  their response states they haven't received my signatory form yet (even though the account no longer shows as pending).  So I'll just keep trying to add money each day until it starts working (increasing each attempt by 1p so I can keep track of each payment).

You were right, Monmouthshire returned my payment today, even though the account has not been 'pending' since yesterday. I have re-sent the money but I am mildly unimpressed. I have other accounts with them, they have received my signature umpteen times already, and had un-pended my account. Goodness knows why they can't keep my money.

I've received my £20 back again! I'll see if I receive my £20.01 back tomorrow that I sent today. I'll send them another £20.02 tomorrow and see if I get that back on Monday. Perhaps all their staff are working from home and they're trying to concentrate on their kids at the same time as their customers? 

Am sure my correspondence said something to the effect that the account wouldn't be fully open or fundable until they received the signature etc.

And yes am am existing customer.

Surely we can cut them slack at the current time?

Start to play hardball and they might just question whether this account is worth it.....

Wheres_My_Cashback

surreysaver said:

colsten said:

surreysaver said:

Their process would appear to be a bit iffy at the moment, then!  Assuming the same thing happens to you as happened to me with my Christmas Saver, you'll get your deposit back later today.  I did send them a secure message earlier, so I'll see what response comes back from that.
Edit:  their response states they haven't received my signatory form yet (even though the account no longer shows as pending).  So I'll just keep trying to add money each day until it starts working (increasing each attempt by 1p so I can keep track of each payment).

You were right, Monmouthshire returned my payment today, even though the account has not been 'pending' since yesterday. I have re-sent the money but I am mildly unimpressed. I have other accounts with them, they have received my signature umpteen times already, and had un-pended my account. Goodness knows why they can't keep my money.

Perhaps all their staff are working from home and they're trying to concentrate on their kids at the same time as their customers? 

Yes, most of them are at home, but when I had to speak to them ref a maturity instruction it wasn't the kids causing a problem it was the noisy dog which wouldn't stop barking or jumping up at the staff member, but just about got there in the end.