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Speculator

SFindlay said:

Section62 said:

I've now had my second "New account added successfully" message from Monmouthshire, which makes sense as I'd applied for both RS accounts.  But neither are yet showing up in my online banking profile (the first was on Saturday so there's been a full working day since for the site to update).

I guess they are working through a huge pile of applications.

Think the bank Holiday weekend has delayed things too. I recieved postal correspondence on Saturday for both accounts so sent by FP deposits to both accounts and added them.on to my profile. They've sat as pending until this morning when both now show deposits dated Saturday 26th. As I've been saying all along maybe don't see things instantly online but who really cares, the account was opened Wednesday and money earning market leading interest rate 3 days later!! 

Both accounts no longer pending on my profile too but both still zero balance. I deposited the money 1am on Tuesday so hopefully, it will show up dated 29th.

SFindlay

Speculator said:

SFindlay said:

Section62 said:

I've now had my second "New account added successfully" message from Monmouthshire, which makes sense as I'd applied for both RS accounts.  But neither are yet showing up in my online banking profile (the first was on Saturday so there's been a full working day since for the site to update).

I guess they are working through a huge pile of applications.

Think the bank Holiday weekend has delayed things too. I recieved postal correspondence on Saturday for both accounts so sent by FP deposits to both accounts and added them.on to my profile. They've sat as pending until this morning when both now show deposits dated Saturday 26th. As I've been saying all along maybe don't see things instantly online but who really cares, the account was opened Wednesday and money earning market leading interest rate 3 days later!! 

Both accounts no longer pending on my profile too but both still zero balance. I deposited the money 1am on Tuesday so hopefully, it will show up dated 29th.

I'm sure it will, as i say I sent mine  Saturday late morning. I have found Monmouthshire accounts seem to update late morning and late afternoon so you might see it there later today. 

subjecttocontract

I applied last Wednesday for both accounts, it was pm for the first application and early evening for the second, so I wasnt the first off the starting blocks. Not heard anything....no email, no post, no accounts.

So what ? I couldn't really care less, it'll take as long as it takes. ....I'm not jealous or bitter.....just not a very good liar !

simonsmithsays

subjecttocontract said:

.

So what ? I couldn't really care less, it'll take as long as it takes. ....I'm not jealous or bitter.....just not a very good liar !

It might be handy to know that successful deposit was made in August such that another payment x 2 could be made in September.

From this morning mine are showing just that

Well done Monmouthshire 

subjecttocontract

Why ? If the first payment gets made in September then the account will run for 12 months from September.

Bridlington1

Bridlington1 said:

happybagger said:

Has anyone seen any confirmation of changes to Darlington's RS accounts (incl NLAs) in the pipeline?

Their website states
"Published 3 August 2023

The Society has responded to today’s 0.25% Bank of England base rate rise by increasing interest rates across its range of savings accounts to help members maximise their savings."

to be implemented on "some" accounts on 1 Sept, it seems

Darlington BS have told me that their new rates will be revealed on their website on 1/9/23 and that they can't give me any further information until then.

Right scrap that, they've just phoned me. They've gone to town with their savings rate increases:
Regular Monthly Saver, Green Regular Saver (NLA) and Special Occasion Saver (NLA) will all rise from 4.5% to 4.6%.

Nick_C

Re Monmouthshire.

I didn't keep a copy of the Key Facts, but can anyone confirm that there is nothing to stop me making a 13th payment on 1/8/24?  ie, there isn't a £3600 cap on the account, just a monthly £300 limit?

OneUser1

The Monmouthshire terms say the maximum is £300 per month for twelve months. I read that as a £3600 maximum.

simonsmithsays

subjecttocontract said:

Why ? If the first payment gets made in September then the account will run for 12 months from September.

Personally I'd much rather be benefitting from these rates as early as possible.

Wheres_My_Cashback

OneUser1 said:

The Monmouthshire terms say the maximum is £300 per month for twelve months. I read that as a £3600 maximum.

No, It doesn't say that, there is no maximum stipulated.

They have only given a suggested example of interest return upon 12 months deposits just as all accounts do. That doesn't mean a 13t payment isn't possible, however MON don't usually allow them and hasn't on my previous 13 accounts with them.

simonsmithsays said:

subjecttocontract said:

Why ? If the first payment gets made in September then the account will run for 12 months from September.

Personally I'd much rather be benefitting from these rates as early as possible.

Makes no difference as 1 year maturity date is set from 1st deposit date, not the date the a/c is 'opened' unless they are the same.