Regular Savings Accounts: The Best Currently Available List!

Band7

surreysaver said:

I recall that Monmouthshire is the one we have to wait until they've actually received the deposit before we can actually apply to see the account in online banking if I'm not mistaken?

Correct. Once you have received the letter with the account number (and the passbook, IIRC), you can add the account to your online banking. It then takes a day for the account to show.

I can't remember what you need to do to get online access in the first instance but those new to MMBS might want to try and register now. It's bound to take some time to process, too.

Band7

t1redmonkey said:

Band7 said:

Monmouthshire BS

They say they are running a 5 working day processing time for new account applications because they are overwhelmed with new applications. Even if Royal Mail ever get the applications to them, there's only a slim chance that the accounts get opened before December 1.

I wonder how they'd be overwhelmed so quickly though, seeing as that new 5.5% account just launched yesterday and is only available by branch/post (and there are currently postal strikes anyway).

Processing applications for their regular savers isn't the only thing they do. Though inefficiency seems to be part of the fabric.

happybagger

Bridlington1 said:

Mansfield BS regular savings 30 account and regular esaver 30 to  rise from 2.25% to 3.5% from 1st December.

Thanks for this. For those of us with any of the old closed issue RS accounts, they're going to 3%.

financialbliss

After querying no rate change after two BoE decisions, I've been told by a Stafford Railway Building Society agent that their regular saver is going from 2.50% to 3.75%, ie an increase of 1.25%, but not until 1st January 2023.

In two minds what to do here - open ended RS with £500 pcm deposit. Stick it out until January or close.

Sensory

adindas said:

kaMelo said:

Halifax and Lloyds don't so, assuming they follow the same patterns, I would say no but that's not definite.

Thanks for the info does anyone else could confirm about this ??

kaMelo said:

The problem may be your suggestion of 'another' monthly saver. You can only hold one no matter how many current accounts you have.

I am not quite sure about this, but I read somewhere you could have another one BOS MS by applying with new profile.

I did that with Halifax for Switching incentive, and just recently taking another advantage opening a new one and I now have two Halifax RSAs.

If you already have 2x Halifax RS, you should already have two separate online banking profiles, which means you should also be able to have 2x BOS RS.

It sounds like you applied for a new Halifax current account, and in the process created a new online banking profile that wasn't linked to your existing accounts. This then allowed you to apply for a second Halifax RS. If this is the case, try registering for BOS online banking using the details of the new current account (from your second profile).

(I have 2x Halifax RS and 2x BOS RS.)

Band7

financialbliss said:

After querying no rate change after two BoE decisions, I've been told by a Stafford Railway Building Society agent that their regular saver is going from 2.50% to 3.75%, ie an increase of 1.25%, but not until 1st January 2023.

In two minds what to do here - open ended RS with £500 pcm deposit. Stick it out until January or close.

I have already reduced my monthly deposits a while back to the minimum £25 and was considering withdrawing to the minimum balance. But on this news, I will keep going with my £25/mth until something substantially better [that I don't have yet] comes along.

Descrabled

Furness 3y RS (no longer available)

Informed increasing (sic) to 2.9% on 1 Dec

ForumUser7

Descrabled said:

Furness 3y RS (no longer available)

Informed increasing (sic) to 2.9% on 1 Dec

@descrabled have you got a link for a PDF with all the rate rises please, or is it just that specific account you've been told about at this stage? Thanks

Descrabled

ForumUser7 said:

Descrabled said:

Furness 3y RS (no longer available)

Informed increasing (sic) to 2.9% on 1 Dec

@descrabled have you got a link for a PDF with all the rate rises please, or is it just that specific account you've been told about at this stage? Thanks

Sorry, but I was talking to my contact in Barrow and she just mentioned this rate. We were comparing the Furness rates with the much better rates available now from the Cumberland.  I had this account but ditched it a few months back.

chris_the_bee

Band7 said:

financialbliss said:

After querying no rate change after two BoE decisions, I've been told by a Stafford Railway Building Society agent that their regular saver is going from 2.50% to 3.75%, ie an increase of 1.25%, but not until 1st January 2023.

In two minds what to do here - open ended RS with £500 pcm deposit. Stick it out until January or close.

I have already reduced my monthly deposits a while back to the minimum £25 and was considering withdrawing to the minimum balance. But on this news, I will keep going with my £25/mth until something substantially better [that I don't have yet] comes along.

Rate change confirmed by phone and can also make multiple payments per month up to the £500 limit. So could top up Nov payment at end of Nov and pay full amount end of Dec and start of Jan.