Regular Savings Accounts: The Best Currently Available List!

soulsaver

Gers said:

I didn't get a pre-paid envelope so just sent it off with a stamp.

Neither did I, it's one from previous.

fabsaver

I applied for both Monmouthshire accounts and received two envelopes in the post today.

The one for the Regular Saver encloses a signature form and a prepaid envelope but no passbook.

The one for the Exclusive Saver encloses a passbook but no signature form or envelope. The letter still asks me to sign and return the enclosed 'Online Signatory Form', even though it is not enclosed.

Looks like these have all been sent out in a rush. At least both letters have my own name on them 

chris_the_bee

soulsaver said:

10_66 said:

dlevene said:

My signatory form (for the EA I opened the day before the regular savers launched) just arrived, but no return envelope and unless I'm being dense no instruction for return address. 

Is it just a case of going back to head office with a stamp?

They normally enclose a pre-paid envelope, so unfortunately, looks like a stamp needed.  Address on pre-paid envelope is, 13 John Frost Square, Newport, NP20 1PX

Is this free post: RTKZ-YAJE-CBSU ... 2nd class on my envelope. 

No, that is not a Freepost address. It is the 2nd class Business Licence number to enable Royal Mail to charge Monmouthshire for the postage cost of all the prepaid envelopes. It is the barcode that will allow the letter through the postal system without a stamp or Freepost address. 

flaneurs_lobster

fabsaver said:

The one for the Regular Saver encloses a signature form and a prepaid envelope but no passbook.

The one for the Exclusive Saver encloses a passbook but no signature form or envelope. The letter still asks me to sign and return the enclosed 'Online Signatory Form', even though it is not enclosed.

Is the signature form of a form(!) that could be copied and annotated to make it applicable to the second account?

surreysaver

flaneurs_lobster said:

fabsaver said:

The one for the Regular Saver encloses a signature form and a prepaid envelope but no passbook.

The one for the Exclusive Saver encloses a passbook but no signature form or envelope. The letter still asks me to sign and return the enclosed 'Online Signatory Form', even though it is not enclosed.

Is the signature form of a form(!) that could be copied and annotated to make it applicable to the second account?

Not without the account number 

subjecttocontract

As a member of the MBS I applaud their cost saving actions in not providing postage paid return envelopes. The more they save the more chance of better savings offers.

simonsmithsays

subjecttocontract said:

As a member of the MBS I applaud their cost saving actions in not providing postage paid return envelopes. The more they save the more chance of better savings offers.

Mine was prepaid

It seems the same as last time in that one branch are processing one of the accounts and another the other - and both using different procedures 

subjecttocontract

Such is the attraction of an 8% account (or even a 7% account), that no financial institution should need to provided prepaid anything.

TheWoodler

As PP have said MBS have woeful IT.

With the poor IT they are reliant on branch processing of application influxes which they don’t have the resources to deal with. I don’t know why they keep offering these products because these influxes lead to process errors.

I’d rather have efficient resources than cups of coffee with nice staff front of house. Their CS was out of their depth with an error *of their own making* with a previous RS issue in my case which they were ill-equipped to deal with. In my view, they should only operate locally with branch-based products confined to their heartland. Smaller societies seem to me to have made a more successful transition and offer better IT and CS than MBS have done. 

pookey

flaneurs_lobster said:

pookey said:

If I set up a first direct monthly saver, can I deposit £300 today and £300 on 1st September please m

No (according to the T&C). You open an account and fund it from your 1st account. Thereafter on the monthly anniversary of you opening the account (or the next working day) it "must" be funded by SO from the 1st account.

Thank you, I didn't realise that