Regular Savings Accounts: The Best Currently Available List!

Band7

badger09 said:

Kazza242 said:

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.

Thanks Kazza242 that’s reassuring. I applied with opening cheque (remember those?) posted 1st class 26th November. Thought I’d log in just in case there’s something online, but can’t (from Sweden😏) 

I applied for their Premium account online on the 23rd. Today I had a letter from them asking to return the signed Signature form. I am an existing customer, and IIRC, they had my signature umpteen times so far. I also applied for the Regular Savers on the 25th or 26th and haven't heard beep about those applications. 

Once they have opened the accounts, they won't just appear online. You need to request that they get added, individually. For that, you need your account number, which they will post to your registered address. I suppose you could also call them and ask for the account number, but that might mean lots of wasted time in call queues.

The good news, for me, of the protracted MonBS application process is that I have now figured out how to get second Halifax and BOS Regular Savers, so I won't now bother with the 3.75% MonBS RS. Many thanks to whoever it was who first mentioned it might be possible to double up on Halifax and BOS.

veryintrigued

Band7 said:

 I have now figured out how to get second Halifax and BOS Regular Savers, so I won't now bother with the 3.75% MonBS RS. Many thanks to whoever it was who first mentioned it might be possible to double up on Halifax and BOS.

Intrigued by this.

ForumUser7

veryintrigued said:

Band7 said:

 I have now figured out how to get second Halifax and BOS Regular Savers, so I won't now bother with the 3.75% MonBS RS. Many thanks to whoever it was who first mentioned it might be possible to double up on Halifax and BOS.

Intrigued by this.

*veryintrigued by this 😂

*Edit - seriously though, I’d be interested to learn how to do this too please @Band7

Band7

veryintrigued said:

Band7 said:

 I have now figured out how to get second Halifax and BOS Regular Savers, so I won't now bother with the 3.75% MonBS RS. Many thanks to whoever it was who first mentioned it might be possible to double up on Halifax and BOS.

Intrigued by this.

so was I. I had to read, re-read and re-read the posts many times, and then re-read them again before I was able to figure out a way that worked for me. I don't think there's a universal approach to it but it can be made to work with some out-of-the-box thinking

Sensory

https://forums.moneysavingexpert.com/discussion/comment/79627095#Comment_79627095

https://forums.moneysavingexpert.com/discussion/comment/79656070#Comment_79656070

kaMelo

The problem being they may (will) eventually get merged.
I have two separate logins for Halifax, (one from a credit card years ago) Whichever one I use I end up in the same place, showing every account I currently have and statements for any accounts, both currently open and long since closed accounts, going back years.

SAC2334

katejo said:

I have a current regular saver with First Direct. Got a message yesterday to say that my interest is going up to 7%

Yes me too 7% , save between £25 and £300 for 12 months. I ve never been that keen on regular savings accounts but this one is well worth doing. 
Must already hold a First direct 1st Account .Can only be opened in sole names , only one account per person
.Can only credit the account by standing order.
Thats a problem as my drip feed via Santander E saver does not do standing orders

 .Can someone advise me as I m new to drip feeding into a regular saver. I t looks like all savings accounts cannot do standing orders or direct debits . 
To send £300 every month from a savings account I send the £300 every month from Santander Esaver to my First direct current account and then onto the First Direct regular saver ? Is that how a drip feed works ?

Sensory

kaMelo said:

The problem being they may (will) eventually get merged.
I have two separate logins for Halifax, (one from a credit card years ago) Whichever one I use I end up in the same place, showing every account I currently have and statements for any accounts, both currently open and long since closed accounts, going back years.

I don't see a problem unless they decide to close the duplicate accounts without paying interest, which is possible if they actively push for enforcing their T&Cs, but I doubt they will. Lloyds hasn't yet caused a stir for those who closed/re-opened Monthly Savers within 12 months. I'm happy to take advantage of loopholes whilst they're available.

cricidmuslibale

SAC2334 said:

katejo said:

I have a current regular saver with First Direct. Got a message yesterday to say that my interest is going up to 7%

Yes me too 7% , save between £25 and £300 for 12 months. I ve never been that keen on regular savings accounts but this one is well worth doing. 
Must already hold a First direct 1st Account .Can only be opened in sole names , only one account per person
.Can only credit the account by standing order.
Thats a problem as my drip feed via Santander E saver does not do standing orders

 .Can someone advise me as I m new to drip feeding into a regular saver. I t looks like all savings accounts cannot do standing orders or direct debits . 
To send £300 every month from a savings account I send the £300 every month from Santander Esaver to my First direct current account and then onto the First Direct regular saver?Is that how a drip feed works ?

Yes, in this case it is how it works. If you send the £300 every month from your Santander Esaver to your First Direct current account on, for example, the 3rd day of the month, and then if there is a standing order (set up by FD) of £300 from your First Direct current account into the regular saver on the 8th day of the month (to allow for long weekends such as Easter) then you can be pretty sure that the whole process will work as smoothly as possible, and you will be making monthly deposits by standing order into the 7% regular saver without having to go to the trouble of doing each deposit manually, which is not actually allowed in this case anyway.

When you apply for the regular saver, First Direct will in fact automatically set up a standing order from the current account into the regular saver, which will be dated on the same day of the month as the day you open the regular saver.

kaMelo

Sensory said:

kaMelo said:

The problem being they may (will) eventually get merged.
I have two separate logins for Halifax, (one from a credit card years ago) Whichever one I use I end up in the same place, showing every account I currently have and statements for any accounts, both currently open and long since closed accounts, going back years.

I don't see a problem unless they decide to close the duplicate accounts without paying interest, which is possible if they actively push for enforcing their T&Cs, but I doubt they will. Lloyds hasn't yet caused a stir for those who closed/re-opened Monthly Savers within 12 months. I'm happy to take advantage of loopholes whilst they're available.

I'd agree that they have been rather lax at implementing terms for numerous reasons for years.
It's just those other things would take a little bit of investigating whereas this, well it kind of sits there looking you (and anyone who bothered to look) in the face, you can't miss it. That's the gamble I guess.