Regular Savings Accounts: The Best Currently Available List!

surreysaver

schiff said:

COVENTRY BS
Letter today on the subject of RS5 maturing next month. No mention of a replacement RS - though there's obviously still time.

My Coventry RS 5 is at least the second consecutive one I've had

schiff

surreysaver said:

schiff said:

COVENTRY BS
Letter today on the subject of RS5 maturing next month. No mention of a replacement RS - though there's obviously still time.

My Coventry RS 5 is at least the second consecutive one I've had

It seems odd that they have not suggested that as a possibility. 4.15% is way down my list of best prices.

EthicsGradient

I couldn't find this reported earlier - the Hinckley and Rugby BS Regular Saver 30 Day Notice page now has this:

"Please note the interest rate payable on this account will be reducing from 4.75% to 4.25% on Thursday 4 May 2023"

https://www.hrbs.co.uk/savings-products/regular-saver-30-day-notice/

t1redmonkey

EthicsGradient said:

I couldn't find this reported earlier - the Hinckley and Rugby BS Regular Saver 30 Day Notice page now has this:

"Please note the interest rate payable on this account will be reducing from 4.75% to 4.25% on Thursday 4 May 2023"

https://www.hrbs.co.uk/savings-products/regular-saver-30-day-notice/

That's unusual in the current environment for a regular saver to be reducing it's rate...let's hope it's just an oddball and not the first of many!

ForumUser7

t1redmonkey said:

EthicsGradient said:

I couldn't find this reported earlier - the Hinckley and Rugby BS Regular Saver 30 Day Notice page now has this:

"Please note the interest rate payable on this account will be reducing from 4.75% to 4.25% on Thursday 4 May 2023"

https://www.hrbs.co.uk/savings-products/regular-saver-30-day-notice/

That's unusual in the current environment for a regular saver to be reducing it's rate...let's hope it's just an oddball and not the first of many!

Incredibly disappointing - I wonder when we'll be personally notified, because it is supposed to be at least 14 days before the change + the 30 day notice period - unless they are waiving this.

Hoping they are just releasing a new issue, but feels unlikely!

Wheres_My_Cashback

ForumUser7 said:

t1redmonkey said:

EthicsGradient said:

I couldn't find this reported earlier - the Hinckley and Rugby BS Regular Saver 30 Day Notice page now has this:

"Please note the interest rate payable on this account will be reducing from 4.75% to 4.25% on Thursday 4 May 2023"

https://www.hrbs.co.uk/savings-products/regular-saver-30-day-notice/

That's unusual in the current environment for a regular saver to be reducing it's rate...let's hope it's just an oddball and not the first of many!

Incredibly disappointing - I wonder when we'll be personally notified, because it is supposed to be at least 14 days before the change + the 30 day notice period - unless they are waiving this.

Hoping they are just releasing a new issue, but feels unlikely!

................

ForumUser7

HRBS says:

"If the rate changes that will affect all customers". (- i.e. not just new customer applications)

"We are sending out letter to all customers from 19 April, there will then be a penalty free period from 4 May to 3 June to withdrawal funds if required."

Kazza242

gt94sss2 said:

ForumUser7 said:

MoneyFacts is showing a Monmouthshire BS ‘Coronation’ Regular Saver, branch application only.

Pays 5.6%, and appears to be £300 max per month and MoneyFacts shows unlimited withdrawals.

Hopefully it will show on the Mon BS website with information from tomorrow. It appears after the Christmas RS issues they had, they won’t open this up to online and post applications.

I wish they would open this up to all existing customers not just those near a branch - perhaps via online applications only

Some info for anyone who cannot get to a Monmouthshire Building Society branch, but wants to open their Coronation Regular Saver, paying 5.60%:

I am an existing Monmouthshire BS member.  I downloaded, completed and posted off a savings application form for the account on Thursday 13th April, along with a cheque and a letter.

They opened the Coronation Regular Saver account for me the next day (14th April).  I have received the passbook and account confirmation letter in the post today.  

If you want to open this account and you don't live or work near one of their branches. 

Print off the Savings Application form from their website: 

https://www.monbs.com/media/1478/savings-application-form-savapp-04_19_1.pdf and follow the steps above. 

Further info about the account: https://www.monbs.com/products/coronation-regular-saver/

Great service from The Monmouthshire!

allegro120

ForumUser7 said:

t1redmonkey said:

EthicsGradient said:

I couldn't find this reported earlier - the Hinckley and Rugby BS Regular Saver 30 Day Notice page now has this:

"Please note the interest rate payable on this account will be reducing from 4.75% to 4.25% on Thursday 4 May 2023"

https://www.hrbs.co.uk/savings-products/regular-saver-30-day-notice/

That's unusual in the current environment for a regular saver to be reducing it's rate...let's hope it's just an oddball and not the first of many!

Incredibly disappointing - I wonder when we'll be personally notified, because it is supposed to be at least 14 days before the change + the 30 day notice period - unless they are waiving this.

Hoping they are just releasing a new issue, but feels unlikely!

If it's 14 days, we should be  personally notified no later than this Thursday. The 30 day notice period will probably stand, which is fine. The downside is that you can't withdraw electronically (unless you want to pay £25 for this luxury), they send you a cheque which creates a cash drag and extra hassle to cash it. 
I'm thinking of withdrawing and putting this money into Mansfield 90 days tracker, which pays the same 4.25% - the same result (or maybe better if BoE increases on 11th May), but with less accounts to manage.  

ForumUser7

allegro120 said:

ForumUser7 said:

t1redmonkey said:

EthicsGradient said:

I couldn't find this reported earlier - the Hinckley and Rugby BS Regular Saver 30 Day Notice page now has this:

"Please note the interest rate payable on this account will be reducing from 4.75% to 4.25% on Thursday 4 May 2023"

https://www.hrbs.co.uk/savings-products/regular-saver-30-day-notice/

That's unusual in the current environment for a regular saver to be reducing it's rate...let's hope it's just an oddball and not the first of many!

Incredibly disappointing - I wonder when we'll be personally notified, because it is supposed to be at least 14 days before the change + the 30 day notice period - unless they are waiving this.

Hoping they are just releasing a new issue, but feels unlikely!

If it's 14 days, we should be  personally notified no later than this Thursday. The 30 day notice period will probably stand, which is fine. The downside is that you can't withdraw electronically (unless you want to pay £25 for this luxury), they send you a cheque which creates a cash drag and extra hassle to cash it. 
I'm thinking of withdrawing and putting this money into Mansfield 90 days tracker, which pays the same 4.25% - the same result (or maybe better if BoE increases on 11th May), but with less accounts to manage.  

See my previous post re the timescales:

https://forums.moneysavingexpert.com/discussion/comment/79998704/#Comment_79998704

The lack of electronic withdrawal is especially annoying. Luckily the rate is still good for me (I missed the Mansfield account, as they didn’t get back to my queries before it was withdrawn), but not as competitive as before - one of my lower paying RSs.