Regular Savings Accounts: The Best Currently Available List!

janusd

soulsaver said:

No option to apply online now, just Branch/Agency. Farcical.

farcical is not harsh - the t&c links do not generate any popup or download and the "proving your identity" link goes 404... I snuck a 7% application in before they disabled applications, so we'll see what happens.
the terms do say that the accounts are limited to 1 per customer, but i'm reading that to mean that I couldn't open both a solo and joint of the same rs account.
curious to know if I could get my foot in the door funding the 7% and *then* as a member, apply for the 8%.

friolento

I managed to apply for both MBS accounts - anyone know what happens now? No confirmation email. No information about making deposits.

t1redmonkey

I've got a feeling they've just taken the online applications down for some technical reason, not because they were oversubscribed or anything.  I applied for both, but the process seemed really antiquated (more so than any other online app process I've gone through) and also no email confirmation at the end as others have mentioned.  Wouldn't be surprised if something was broken/not working properly so they've had to get their IT guys to look at it and will hopefully bring it back later for others to apply for and/or for some of us to re-apply for if it just wasn't working as it should've.

pecunianonolet

Catplan said:

pecunianonolet said:

Both are online and showing on the overview page: https://www.monbs.com/savings/personal-savings-accounts-general-savings/



EDIT: Applied for both accounts now. The terms on the Exclusive Reg Saver are a bit vague imho. Let's see if they honour it with me having applied yesterday for an Easy Saver or not. 

You need to have funds in an account to be eligible for the Exclusive account, I’ve held off applying for both as not heard a peep on the easy access application. 

Yes, that's true and the question is now if they honour application date or actual opening date. Technically speaking, with every savings provider I was able to verify ID electronically straight away and open the account. if they provide details digitally I fund with at least £1 or whatever the minimum is straight away and you get an email confirmation that your account is open. E.g. Cahoot, opened and got details and email straight away but took 4 days to get letters with codes to actually access the account.

In todays digital world you could expect that this is the process. If they would put a note up and say, we need to verify xyz manually, you at least know before you apply the process and that it is not instant. 

Any paper copies and letters will arrive while I am on holiday anyway so will deal with that as and when. 

I hope their AGM meeting today is going to discuss IT and IT infrastructure and importantly, IT security. Still baffled that they seem to have not invested more in this area after their Christmas Saver experience to connect the electronic ID verification system. 

Bridlington1

Online applications appear to be back again.

t1redmonkey

Bridlington1 said:

Online applications appear to be back again.

Looks like they've added some bits to the application, so must've taken it offline to add those in.  Just had a quick look at first couple of steps and there are additional questions around source of funds, and on the second page around when you started residing at current address.  Maybe other additions later on in the app process.

FishInGlass

A bit of information from a branch visit to the Mon this morning.

I arrived about 10.45 and was originally told I couldn't open the 8% straight away as it wouldn't be available until the AGM announcement. As an existing customer there was then some discussion about whether I was allowed to open both the 7 and 8%. Eventually confirmed I could open both today which I did. Whole process took about 20 minutes but I am now the proud owner on another two shiny orange passbooks.

pecunianonolet

t1redmonkey said:

Bridlington1 said:

Online applications appear to be back again.

Looks like they've added some bits to the application, so must've taken it offline to add those in.  Just had a quick look at first couple of steps and there are additional questions around source of funds, and on the second page around when you started residing at current address.  Maybe other additions later on in the app process.

It's a totally different form now. The first version online seemed more tailored to the regular saver and gave you a free text field at the end for any additional info and linked back to the terms and summary box. The form now, OH applied just now for both, is the same as for the Easy Saver and seems very generic. 

I wonder how long it will take before they take it offline again. Once it is on MSE front page or thisismoney.co.uk and other news outlets they will get swamped with applications.

friolento

pecunianonolet said:

t1redmonkey said:

Bridlington1 said:

Online applications appear to be back again.

Looks like they've added some bits to the application, so must've taken it offline to add those in.  Just had a quick look at first couple of steps and there are additional questions around source of funds, and on the second page around when you started residing at current address.  Maybe other additions later on in the app process.

It's a totally different form now. The first version online seemed more tailored to the regular saver and gave you a free text field at the end for any additional info and linked back to the terms and summary box. The form now, OH applied just now for both, is the same as for the Easy Saver and seems very generic. 

I wonder how long it will take before they take it offline again. Once it is on MSE front page or thisismoney.co.uk and other news outlets they will get swamped with applications.

They seem to be all maxed out and over the floor already. When you try calling them, they hang up on you before you even get to talk to a person.

SJMALBA

Currently going through the application process for the MBS 7%, and have reached section 7, including '... I will transfer my rights... windfall conversion benefits...'
What's that all about?