Regular Savings Accounts: The Best Currently Available List!

Bridlington1

DJDools said:

I have a Saffron BS Small Saver (Issue 7) that is earning a paltry 4% AER until Dec. I know they don't allow people to hold more than one regular saver/small saver, but if I were to close the one I have and open the one that's on offer now at 5.75%, would I still get the 4% paid to a/c closure?

You can do this if you want and they'll still pay you any interest you've earned so far but if you don't hold any other Saffron BS accounts it may be worth ringing them or sending them a secure message and asking them to convert the account into the version at 5.75% instead. They'll keep £50 in the account (max monthly deposit of the small saver) and send the remaining balance including interest to your nominated account (unless you ask them to keep less in the account). 

By doing it this way you won't lose your continuous membership of Saffron BS, which could come in handy if they launch another high paying members only regular saver as they did a few months ago. Whenever I've done this in the past I've found it only takes a few minutes on the phone to do and this method also allows you to keep the same account number so you don't have to set up new payees etc.

Section62

DJDools said:

I have a Saffron BS Small Saver (Issue 7) that is earning a paltry 4% AER until Dec. I know they don't allow people to hold more than one regular saver/small saver, but if I were to close the one I have and open the one that's on offer now at 5.75%, would I still get the 4% paid to a/c closure?

To echo Bridlington1's post, don't ask for the existing account to be closed, instead ask them to upgrade it to the latest version.  You can also swap between the Small Saver and the Members' Regular Saver.

You keep the same account number, passbook, and original account opening date.

drphila

Bridlington1 said:

Growingold said:

Looks like the Monmouthshire Regular Saver at 7% NLA   Only the Exclusive Regular Saver at 8% showing on  their website now.

It's no longer showing on moneyfacts so it appears to have become another blink and you'll miss it type of savings account.

The product page is still on their website though and the application form appears to be working for now so for those who didn't apply yesterday it may still be possible to get one open if you're quick:
https://www.monbs.com/savings/regular-saver/
https://www.monbs.com/savings/apply-online-regular-saver/

EDIT: For future reference I've now also archived the product page along with the account specific Ts&Cs on the wayback machine:
https://web.archive.org/web/20230824044431/https://www.monbs.com/savings/regular-saver/

EDIT AGAIN: Links appear to have been removed.

You can also sometimes access a recently removed product via the cached link on google (though not for this product, at least not anymore).

I managed to open a Secure Trust isa mid-morning last Wednesday which was no longer on their website, but  which the Google bot had scraped earlier that morning.

Kazza242

I received my welcome letter and passbook for the Monmouthshire BS Exclusive Regular Saver account (8.00%) in today's mail.

The letter and passbook includes the account number, sort code and roll number details needed to make a faster payment deposit.  

I am still awaiting the opening of the 7.00% Regular Saver, but I've been told that they have received my application and will be processing it in due course.

flaneurs_lobster

Kazza242 said:

I received my welcome letter and passbook for the Monmouthshire BS Exclusive Regular Saver account (8.00%) in today's mail.

The letter and passbook includes the account number, sort code and roll number details needed to make a faster payment deposit.  

I am still awaiting the opening of the 7.00% Regular Saver, but I've been told that they have received my application and will be processing it in due course.

Impressively quick, do you live in South Wales?

Were you able to add/access the new account online (if you use it)?

Kazza242

flaneurs_lobster said:

Kazza242 said:

I received my welcome letter and passbook for the Monmouthshire BS Exclusive Regular Saver account (8.00%) in today's mail.

The letter and passbook includes the account number, sort code and roll number details needed to make a faster payment deposit.  

I am still awaiting the opening of the 7.00% Regular Saver, but I've been told that they have received my application and will be processing it in due course.

Impressively quick, do you live in South Wales?

Were you able to add/access the new account online (if you use it)?

No, I live in England and many, many miles away from South Wales.  

I have added the new account online, but the Monmouthshire needs to approve it.  I expect that they'll do that soon.  

Stargunner

Everything about Monmouthshire BS seems so archaic, Their website is awful, they only use snail mail and who nowadays needs a passbook.They seem to have no automated systems for anything.
I applied on Tuesday for the 7% saver and I have not received an email, text or anything in the post so far, 
I am wondering whether to pursue with it, because if it is this tedious to just set an account up, what is it like trying to withdraw money from it. 

Section62

Stargunner said:

I am wondering whether to pursue with it, because if it is this tedious to just set an account up, what is it like trying to withdraw money from it. 

Monmouthshire BS

Never had a problem once the account was set up.  Withdrawals go without a hitch.

Wheres_My_Cashback

Stargunner said:

Everything about Monmouthshire BS seems so archaic, Their website is awful, they only use snail mail and who nowadays needs a passbook.They seem to have no automated systems for anything.
I applied on Tuesday for the 7% saver and I have not received an email, text or anything in the post so far, 
I am wondering whether to pursue with it, because if it is this tedious to just set an account up, what is it like trying to withdraw money from it. 

Firstly you couldn't have applied Tuesday as it didn't exist until Wednesday!
The website is the same platform used by many building societies, simple, but perfectly adequate and many BS still issue passbooks.
What were you expecting ? Something in the post already would be exceptionally quick, unrealistic and beyond most societies. 

Reading a recent post of yours is interesting...
"Chip have now gone back to the top of the highest interest EA accounts. Maybe all those impatient people that moved away will now be moving back"

Clearly don't practice what you preach. Have some patience yourself..

Nick_C

Stargunner said:

Everything about Monmouthshire BS seems so archaic, Their website is awful, they only use snail mail and who nowadays needs a passbook.They seem to have no automated systems for anything.
I applied on Tuesday for the 7% saver and I have not received an email, text or anything in the post so far, 
I am wondering whether to pursue with it, because if it is this tedious to just set an account up, what is it like trying to withdraw money from it. 

Well Yorkshire BS is the third largest BS (Coventry at second place just beats them), but their IT is also awful.  I couldn't open a Loyalty ISA on line because their IT doesn't recognise my 20 years membership, so I had to go into a Branch to open an ISA which came with a passbook (even though the account can be managed online).  Withdrawals are next day, and their online banking is often painfully slow.

Ultimately, you need to decided whether or not the attractive interest rate trumps the drawbacks.