Regular Savings Accounts: The Best Currently Available List!

subjecttocontract

silvercar said:

subjecttocontract 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

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

londoner62 said:

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

liamcov

Bridlington1 said:

silvercar said:

subjecttocontract 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?

subjecttocontract

The address I have used is the one shown on the bottom of the application form.
Monmouthshire House,
John Frost Square,
Newport.
NP20 1PX

where_are_we

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.

t1redmonkey

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

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