Regular Savings Accounts: The Best Currently Available List!

Bridlington1

kaMelo said:

ForumUser7 said:

Monmouthshire BS Christmas Saver Bond (Issue 5) 5.50% (24/11) https://www.monbs.com/products/christmas-saver-bond-issue-5/

01/12 NLA for new postal applications. It is still available in branch or agency. Existing postal applications will be processed.

I wonder if that means only postal applications they already have in their pysical possession, the rest stuck in the post are therefore going to miss out.

I imagine it will get tricky for them then. The postmen are on strike today as well as yesterday so any post sent today will be treated exactly the same as post sent yesterday. Moreover we are now in December, and I seem to recall first class mail is treated the same as second class mail during this month. I imagine you'd be alright if you posted an application form off today for these reasons.

This is where it pays to get proof of postage. If they decline my application I can now produce proof of postage dated 24/11/22, long before the cut off point, saying that I had posted a letter to Monmouthshire BS.

flaneurs_lobster

Thanks for that. I guess my thinking that there might be an agency within strolling distance of EC2 was a little optimistic.

Kazza242

I've spoken to The Monmouthshire this afternoon. 

They said that due to the postal strikes they will be accepting postal applications that have already arrived by today (1st December), as well as applications arriving by the middle of next week (i.e. 7th December 2022). 

Postal applications arriving after that date are unlikely to be accepted.

FB13

I already have a HSBC current account. It has my DDs I use to get switching bonuses. If I was to open this regular saver but at some point in the next 12 months use the current account to switch to somewhere else, does anyone know what happens to the regular saver? 

Will HSBC close the regular saver at the point of the current account switch and pay me interest at the lower Flexible Saver rate? 

phillw

pecunianonolet said:

I can better put that in a 1y fix straight away e.g. 4.35% Atom and still make more but without all the fuss. 

Some of the regular savers are variable rate, as is Al Rayan. So your fixed rate might not make more. Who knows what will happen over the next 12 months.

pecunianonolet

Anyone an idea if I can fund Monmouthshire after account opening? The application form doesn't have any DD info on it to tell them from where to take the money. Will they be in touch for this info when account is opened?

londoner62

Suffolk BS 1 year saver @ 3.15%

https://www.suffolkbuildingsociety.co.uk/savings-products/1-year-regular-saver-31-01-24/?utm_campaign=New Products 1 December 2022&utm_medium=email&utm_source=CMA_IPSWICH BUILDING SOCIETY&utm_content=

Restricted to existing members or a new member resident in postcode areas IP, NR, CO, CM, CB or PE.

Band7

pecunianonolet said:

Anyone an idea if I can fund Monmouthshire after account opening? The application form doesn't have any DD info on it to tell them from where to take the money. Will they be in touch for this info when account is opened?

You won't be able to fund it by DD. 

But you will be able to fund it by one-off bank transfers or by SO. You will receive the payee details in the post, with your account confirmation and passbook.

Band7

FB13 said:

I already have a HSBC current account. It has my DDs I use to get switching bonuses. If I was to open this regular saver but at some point in the next 12 months use the current account to switch to somewhere else, does anyone know what happens to the regular saver? 

Will HSBC close the regular saver at the point of the current account switch and pay me interest at the lower Flexible Saver rate? 

You can only get money out of HSBC via an HSBC current account.

Best option is to choose a different current account for your switches.

gt94sss2

pecunianonolet said:

Anyone an idea if I can fund Monmouthshire after account opening? The application form doesn't have any DD info on it to tell them from where to take the money. Will they be in touch for this info when account is opened?

From their website:

Standing Orders and Electronic Transfer - To arrange a standing order or single electronic payment to your savings account, you’ll need to give your bank the following details:

Account Name: Monmouthshire Building Society

Sort Code: 40-05-30

Account Number: 14576608

Reference: XXXXXXXXXX (no spaces or hyphens - this is the Monmouthshire Building Society account number you wish to credit).