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Regular Savings Accounts: The Best Currently Available List!

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  • subjecttocontract
    subjecttocontract Posts: 2,958 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 25 November 2022 at 4:48PM
    Monmouthshire B/Soc Christmas regular saver........just filling in the application form & about to include a cheque for £200.
    Can anyone help ?
    1. Who do I make the cheque payable to ?
    2. Do I need to include any ID ?
  • silvercar
    silvercar Posts: 49,927 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    Monmouthshire B/Soc Christmas regular saver........just filling in the application form & about to include a cheque for £200.
    Can anyone help ?
    1. Who do I make the cheque payable to ?
    2. Do I need to include any ID ?
    I'm intending sending a cheque for £10 as an opener and transferring the rest online. Are you trying for a November opening? Is that remotely likely? 
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • silvercar said:
    Monmouthshire B/Soc Christmas regular saver........just filling in the application form & about to include a cheque for £200.
    Can anyone help ?
    1. Who do I make the cheque payable to ?
    2. Do I need to include any ID ?
    I'm intending sending a cheque for £10 as an opener and transferring the rest online. Are you trying for a November opening? Is that remotely likely? 
    When I opened mine I sent the application form off at about 4:30pm one Friday evening. The account was opened on the Monday and I received my passbook on the Tuesday so you stand a good chance of a November opening. I used a prepaid envelope they sent me, which had a first class stamp on it. The main thing that will be against you is that the postmen have been on strike yesterday and today so there will be a lot of delayed post in the system, which will inevitably lead to delays.
  • silvercar said:
    Monmouthshire B/Soc Christmas regular saver........just filling in the application form & about to include a cheque for £200.
    Can anyone help ?
    1. Who do I make the cheque payable to ?
    2. Do I need to include any ID ?
    I'm intending sending a cheque for £10 as an opener and transferring the rest online. Are you trying for a November opening? Is that remotely likely? 
    I'm just trying to open an account......it'll be open when it's open, I have no control over that. At around a max of £71 in interest it's not something I can get very excited about.




  • liamcov
    liamcov Posts: 658 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    The new Monmouthshire regular savers - on maturity will they have to send a cheque or do they still allow faster payments despite them being postal accounts?
  • ForumUser7
    ForumUser7 Posts: 2,523 Forumite
    1,000 Posts Third Anniversary Photogenic Name Dropper
    myth123 said:
    Does anybody who has a Monmouthshire Building Society account know how withdrawals are managed once the RS has matured? Is it withdrawals by post or can it be done by bank transfer? Thanks
    Bank transfer was how I got mine.
    @liamcov bank transfer seems to be an option
    If you want me to definitely see your reply, please tag me @forumuser7 Thank you.

    N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
  • liamcov
    liamcov Posts: 658 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    silvercar said:
    Monmouthshire B/Soc Christmas regular saver........just filling in the application form & about to include a cheque for £200.
    Can anyone help ?
    1. Who do I make the cheque payable to ?
    2. Do I need to include any ID ?
    I'm intending sending a cheque for £10 as an opener and transferring the rest online. Are you trying for a November opening? Is that remotely likely? 
    When I opened mine I sent the application form off at about 4:30pm one Friday evening. The account was opened on the Monday and I received my passbook on the Tuesday so you stand a good chance of a November opening. I used a prepaid envelope they sent me, which had a first class stamp on it. The main thing that will be against you is that the postmen have been on strike yesterday and today so there will be a lot of delayed post in the system, which will inevitably lead to delays.
    You prompted me to check through my letters from them - I've found a 2nd class one, it has 'Business Reply' in top left corner and the actual postal address is 13 John Frost Square, Newport - anyone know if this would be ok to use?
  • The address I have used is the one shown on the bottom of the application form.
    Monmouthshire House,
    John Frost Square,
    Newport.
    NP20 1PX
  • Monmouthshire Xmas Saver Bond Issue 5 - I used an old 2nd class Business reply envelope with my application form to the above address. Too soon to confirm, but it shoudn`t be a problem, except it will take one or two days more than a First Class letter.
    With regards to maturity, MonBS notify you a few weeks before and you go online and specify what you want done and one of the options is an automatic faster payment to your nominated bank account.
  • I opened the Monmouthshire Xmas Saver and their 3.75% Monthly Saver in branch this morning.  I was half expecting there to be loads of people coming in asking to open an account, but I only noticed 2 other people coming in the whole time I was there (about 45 minutes)!  I guess those of us on here are a rarer breed than I thought, and most people don't really pay attention to new high rate savings accounts that get announced :smiley:
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