Regular Savings Accounts: The Best Currently Available List!

Stargunner

Wheres_My_Cashback said:

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. 

Sorry I was mistaken, it was Tuesday that I applied for an easy saver in the hope that I would then be classed as an existing customer, if they launched any savers accounts on Wednesday that were exclusive to existing customers. That was when I applied for the 7% RS.

I would have at least expected an email or text confirming my application. I suppose that I am just used to how slick and efficient the majority of bank websites or apps are for applications.

subjecttocontract

I love the Monmouthshire B/Soc.....already got 2 accounts with them. When we were in Cardiff recently I blew them a kiss thru the window as we walked past. Don't suppose that's gonna speed up my 2 new applications but we like a good laugh.

Kazza242

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. 

Both Monmouthshire BS RS accounts were launched on Wednesday (23rd August).  

I applied for the accounts early Wednesday morning.  I didn't receive any e-mails from them prior to receiving my passbook and letter in the post this morning.  

The accounts were very popular and they have received a lot of applications. 

If you only applied for the 7.00% RS, then you must be new to Monmouthshire Building Society.  Accounts for new customers usually take longer to be processed than accounts for existing customers.  

Please be patient with them.  I think you'll hear from them within the next few working days (maybe sooner).  

Regarding making withdrawals from them.  If you have a nominated account setup, then making withdrawals is very straightforward via their online banking service.    

FishInGlass

For those who have online accounts with the Monmouthshire. I added my new accounts opened in branch on Wednesday via the website that day. Today they have moved from pending to now showing my initial deposits.

I also like them but it is certainly advantageous when you are local and can just drop into a branch.

Section62

Stargunner said:

Wheres_My_Cashback said:

I would have at least expected an email or text confirming my application. I suppose that I am just used to how slick and efficient the majority of bank websites or apps are for applications.

From what people are reporting back there seems to be at least two different application processes going on - one involving confirmation emails, another (very much like the 'old' process) where there is no electronic confirmation of application.

People's experiences are going to vary depending on whether they are an existing customer or not, and on which process their application is going through.

As Kazza242 (and others) says, please be patient and let them work through the applications.

The slick and efficient banks don't necessarily offer products as good as Monmouthshire do.

schiff

The signature requirement document shows the account number. As I know their Sort code and their account number (I have existing accounts), I toyed with the notion of doing a faster payment. Decided against it as there is still time. 
Their letter btw was dated yesterday, posted second class post yesterday - and arrived today Friday!

castle96

re Monmth - email receied "log on and add your new account (which one 7 or8%?). Not showing !

t1redmonkey

Anyone won in the Nationwide Start to Save prize draw?  I just got an email saying I didn't win unfortunately, but wasn't expecting to anyway 

dekkard

t1redmonkey said:

Anyone won in the Nationwide Start to Save prize draw?  I just got an email saying I didn't win unfortunately, but wasn't expecting to anyway 

I also didn't win. Boo.

SueDebt

t1redmonkey said:

Anyone won in the Nationwide Start to Save prize draw?  I just got an email saying I didn't win unfortunately, but wasn't expecting to anyway 

Me! I've just received the email.

Probably the first time I've ever won anything in my life.