Regular Savings Accounts: The Best Currently Available List!

Band7

where_are_we said:

 

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.

They definitely do offer faster payment to your registered current account. You need to send them yet another form to request registration. This is a one-off, will be used for all your MMBS accounts, and you can send the form any time you like. The sooner the better, clearly.

As an aside, they seem to be processing the maturity payments manually as they forgot to FP the matured funds of my most recent RS until I reminded them. The compensation for that oversight was more than the interest on the RS   

subjecttocontract

where_are_we said:

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.

They don't ask for a nominated bank account on the application form so there would need to be some other process or method for them to obtain that information.

As regards post.......there are lots of strike days.....November 24,25,30. December 1,9,11,14,15,23,24.

Band7

subjecttocontract said:

They don't ask for a nominated bank account on the application form so there would need to be some other process or method for them to obtain that information. 

Yes, see my earlier post, you need to send them another form to register a current account

FishInGlass

t1redmonkey said:

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

You had more luck than me. When I went into a branch I was told I had to make an appointment and the earliest available was Wednesday. I have another branch reasonably close but it does not open on Saturdays. I will try there Monday morning.

Nick_C

Leeds BS RS increases to 3.2% on 1 December.

Minimum operating balance: £100. The minimum operating balance is required to open the account.

Variable interest rate. 

The term is fixed until 3 November 2024

• Interest rates can go down as well as up
• Withdrawals are limited to 1 each year without loss of interest (including account closure)
• You can deposit up to £6,000 over the 24 month period
• You can only pay in up to £250 in a single month

https://www.leedsbuildingsociety.co.uk/savings/regular-saver/regular-saver/

https://www.leedsbuildingsociety.co.uk/savings/savings-account-changes/

Open on line. Avaliable nationwide. 

flaneurs_lobster

FishInGlass said:

t1redmonkey said:

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

You had more luck than me. When I went into a branch I was told I had to make an appointment and the earliest available was Wednesday. I have another branch reasonably close but it does not open on Saturdays. I will try there Monday morning.

If I promise to send you a tenner will you open one for me too? 

Trynsave2

HSBC increasing rate from 1% to 5% from 1st Dec for existing and new savers.
£250 pm 

ForumUser7

Trynsave2 said:

HSBC increasing rate from 1% to 5% from 1st Dec for existing and new savers.
£250 pm 

Thanks. Anyone got an official HSBC link please? I’ve found this article from the express in the meantime https://www.express.co.uk/finance/personalfinance/1702487/hsbc-bank-savings-account-interest-rate-rise-increase

where_are_we

HSBC are disregarding their old RS T&C`s that the interest rate of 1% is fixed. You must have an HSBC current account. It looks like you can open one before 1st December, deposit £250 for month of November, deposit £250 on December 1 and then another 10  monthly standing orders. Maximum £3000. However no withdrawals or closures without loss of interest.

Wheres_My_Cashback

where_are_we said:

HSBC are disregarding their old RS T&C`s that the interest rate of 1% is fixed. You must have an HSBC current account. It looks like you can open one before 1st December, deposit £250 for month of November, deposit £250 on December 1 and then another 10  monthly standing orders. Maximum £3000. However no withdrawals or closures without loss of interest.

HSBC regular deposits are not PCM, they are based on 1st deposit date so you wouldn't be able to do that.