Regular Savings Accounts: The Best Currently Available List!

ForumUser7

Effective 10th May, Leeds BS RS Issues 23-39 to increase:

From:

£100 - £6000(+ accrued interest) - 4.20%
Above £6000(+ accrued interest) - 1.80%

To:

£100 - £6000(+ accrued interest) - 4.25%
Above £6000(+ accrued interest) - 1.90%

No increase to the Home Deposit Saver shown on this page as yet.

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

allegro120

Kazza242 said:

PloughmansLunch said:

JamesRobinson48 said:

Kazza242 said:

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.  

Thanks Kazza.  I posted to the Mon BS my application form with cheque on 19th April; they opened the Coronation RS account on 20th; I received the passbook by post today; and my cheque cleared already.  I don't much like writing cheques, but I'll make an exception for such an appealing RS account.

Were you an existing member, or new? I'm umming and ahhing about attempting to open one, but have never had any dealings with them before.

Yes, I am an existing member of Monmouthshire BS.

I wanted to open Coronation when it was released, but didn't do it because it says "branch only". I'm reading now that it is possible to open it by post.  Do you know if I can request them to send me the application form?  I'm an existing member, I've opened Christmas with Monmouthshire about 6 months ago.

ForumUser7

allegro120 said:

Kazza242 said:

PloughmansLunch said:

JamesRobinson48 said:

Kazza242 said:

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.  

Thanks Kazza.  I posted to the Mon BS my application form with cheque on 19th April; they opened the Coronation RS account on 20th; I received the passbook by post today; and my cheque cleared already.  I don't much like writing cheques, but I'll make an exception for such an appealing RS account.

Were you an existing member, or new? I'm umming and ahhing about attempting to open one, but have never had any dealings with them before.

Yes, I am an existing member of Monmouthshire BS.

I wanted to open Coronation when it was released, but didn't do it because it says "branch only". I'm reading now that it is possible to open it by post.  Do you know if I can request them to send me the application form.  I'm existing member, I've opened Christmas with them about 6 months ago.

You can use this form: https://www.monbs.com/media/2032/savings-application-form-march-2022-savapp-03-22-1.pdf

Kazza242

allegro120 said:

Kazza242 said:

PloughmansLunch said:

JamesRobinson48 said:

Kazza242 said:

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.  

Thanks Kazza.  I posted to the Mon BS my application form with cheque on 19th April; they opened the Coronation RS account on 20th; I received the passbook by post today; and my cheque cleared already.  I don't much like writing cheques, but I'll make an exception for such an appealing RS account.

Were you an existing member, or new? I'm umming and ahhing about attempting to open one, but have never had any dealings with them before.

Yes, I am an existing member of Monmouthshire BS.

I wanted to open Coronation when it was released, but didn't do it because it says "branch only". I'm reading now that it is possible to open it by post.  Do you know if I can request them to send me the application form?  I'm an existing member, I've opened Christmas with Monmouthshire about 6 months ago.

If you have access to a printer, then you can download the Monmouthshire BS savings application form online and submit a postal application for the account.  

Please see my post from the 18th April (link below) for some info on what to send to Mon BS:

https://forums.moneysavingexpert.com/discussion/comment/79999025#Comment_79999025

allegro120

ForumUser7 said:

allegro120 said:

Kazza242 said:

PloughmansLunch said:

JamesRobinson48 said:

Kazza242 said:

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.  

Thanks Kazza.  I posted to the Mon BS my application form with cheque on 19th April; they opened the Coronation RS account on 20th; I received the passbook by post today; and my cheque cleared already.  I don't much like writing cheques, but I'll make an exception for such an appealing RS account.

Were you an existing member, or new? I'm umming and ahhing about attempting to open one, but have never had any dealings with them before.

Yes, I am an existing member of Monmouthshire BS.

I wanted to open Coronation when it was released, but didn't do it because it says "branch only". I'm reading now that it is possible to open it by post.  Do you know if I can request them to send me the application form.  I'm existing member, I've opened Christmas with them about 6 months ago.

You can use this form: https://www.monbs.com/media/2032/savings-application-form-march-2022-savapp-03-22-1.pdf

Thanks. That's the same one I've used for Christmas application.  This was the last time my printer printed,  it packed in since then and I've decided not to invest in any more printers, hardly any need for having printer anymore. 

In the past some building societies were keen on sending application forms by post, so I was hoping that Monmouthshire might still do it. 

OceanSound

wmb194 said:

veggieblob said:

Can somebody please remind me whether the cheque for opening the Monmouthshire RS should be made out to me or to the BS.  Thank you

For security the best thing is to make it out to both i.e. 'Monmouthshire Building Society a/c [your name].'

Can you explain how come making it out to both is more secure?

The terms and conditions say [your name]  [account number where it's known]:

"You can pay into your account by cheque which must be made payable to the account holder(s) and quote the account number where this is known (do not make cheques payable to 'Monmouthshire Building Society' only). If you are paying in a cheque given to you by someone else, please ask for it to be made payable to you or if it is already made payable to the Society, to add your name and account number. Any alterations or additions to the cheque, no matter how small should be signed in full by the drawer (i.e. the person who writes and signs the cheque)."

If putting it in the format you say. I e. Both BS name and your name, is best for security, how come the terms and conditions wouldn't ask us to use that format? 

wmb194

OceanSound said:

wmb194 said:

veggieblob said:

Can somebody please remind me whether the cheque for opening the Monmouthshire RS should be made out to me or to the BS.  Thank you

For security the best thing is to make it out to both i.e. 'Monmouthshire Building Society a/c [your name].'

Can you explain how come making it out to both is more secure?

The terms and conditions say [your name]  [account number where it's known]:

"You can pay into your account by cheque which must be made payable to the account holder(s) and quote the account number where this is known (do not make cheques

payable to 'Monmouthshire Building Society' only). If you are paying in a cheque given to you by someone else, please ask for it to be made payable to you or if it is already made payable to the Society, to add your name and account number. Any alterations or additions to the cheque, no matter how small should be signed in full by the drawer (i.e. the person who writes and signs the cheque)."

If putting it in the format you say. I e. Both BS name and your name, is best for security, how come the terms and conditions wouldn't ask us to use that format? 

Because even if they have an account that shares your name if someone intercepts your cheque they'll have a very hard time depositing it to an account with any institution other than Monmouthshire BS and they'll have a harder time modifying the payee. It makes stealing your money very hard and far less likely. This has been good advice for decades and I did it this week with Monmouthshire and Lloyds paid it.

Why don't Mons BS' terms ask us to use this format? Because the person who wrote them doesn't know it's a more secure way to write a cheque?

OceanSound

wmb194 said:

OceanSound said:

wmb194 said:

veggieblob said:

Can somebody please remind me whether the cheque for opening the Monmouthshire RS should be made out to me or to the BS.  Thank you

For security the best thing is to make it out to both i.e. 'Monmouthshire Building Society a/c [your name].'

Can you explain how come making it out to both is more secure?

The terms and conditions say [your name]  [account number where it's known]:

"You can pay into your account by cheque which must be made payable to the account holder(s) and quote the account number where this is known (do not make cheques

payable to 'Monmouthshire Building Society' only). If you are paying in a cheque given to you by someone else, please ask for it to be made payable to you or if it is already made payable to the Society, to add your name and account number. Any alterations or additions to the cheque, no matter how small should be signed in full by the drawer (i.e. the person who writes and signs the cheque)."

If putting it in the format you say. I e. Both BS name and your name, is best for security, how come the terms and conditions wouldn't ask us to use that format? 

Because even if they have an account that shares your name if someone intercepts your cheque they'll have a very hard time depositing it to an account with any institution other than Monmouthshire BS and they'll have a harder time modifying the payee. It makes stealing your money very hard and far less likely. This has been good advice for decades and I did it this week with Monmouthshire and Lloyds paid it.

Why don't Mons BS' terms ask us to use this format? Because the person who wrote them doesn't know it's a more secure way to write a cheque?

If only there was a way to feedback ideas by sharing the post directly with the bank/BS/fintech, you could've shared it with them without having to write to them separately (because lets be honest how many of us will write to them separately and make this kind of suggestion). Maybe there could be a checkbox beside the post we are writing called 'share with bank/BS/fintech' and ticking it opens a drop down list of banks/BS's/fintech's, after choosing the post is automatically emailed to the customer services or product development team of the respective bank/BS/fintech.

flaneurs_lobster

subjecttocontract said:

To yourself.

   !!!!!!

subjecttocontract

allegro120 said:

ForumUser7 said:

allegro120 said:

Kazza242 said:

PloughmansLunch said:

JamesRobinson48 said:

Kazza242 said:

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.  

Thanks Kazza.  I posted to the Mon BS my application form with cheque on 19th April; they opened the Coronation RS account on 20th; I received the passbook by post today; and my cheque cleared already.  I don't much like writing cheques, but I'll make an exception for such an appealing RS account.

Were you an existing member, or new? I'm umming and ahhing about attempting to open one, but have never had any dealings with them before.

Yes, I am an existing member of Monmouthshire BS.

I wanted to open Coronation when it was released, but didn't do it because it says "branch only". I'm reading now that it is possible to open it by post.  Do you know if I can request them to send me the application form.  I'm existing member, I've opened Christmas with them about 6 months ago.

You can use this form: https://www.monbs.com/media/2032/savings-application-form-march-2022-savapp-03-22-1.pdf

Thanks. That's the same one I've used for Christmas application.  This was the last time my printer printed,  it packed in since then and I've decided not to invest in any more printers, hardly any need for having printer anymore. 

In the past some building societies were keen on sending application forms by post, so I was hoping that Monmouthshire might still do it. 

I don't have a personal printer any longer either......it's saved me loads of money on ink. What I do is use my local library who charge 20p per A4 sheet. One of my better money saving decisions.