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Regular Savings Accounts: The Best Currently Available List!
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Bridlington1 said: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 2023The 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
Regular Monthly Saver, Green Regular Saver (NLA) and Special Occasion Saver (NLA) will all rise from 4.5% to 4.6%.1 -
Wheres_My_Cashback said:simonsmithsays said:subjecttocontract said:Why ? If the first payment gets made in September then the account will run for 12 months from September.
Isnt that why any of us move money?
Anyway enough from me
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simonsmithsays said:Wheres_My_Cashback said:simonsmithsays said:subjecttocontract said:Why ? If the first payment gets made in September then the account will run for 12 months from September.
Isnt that why any of us move money?
Anyway enough from me0 -
Wheres_My_Cashback said:simonsmithsays said:Wheres_My_Cashback said:simonsmithsays said:subjecttocontract said:Why ? If the first payment gets made in September then the account will run for 12 months from September.
Isnt that why any of us move money?
Anyway enough from me
Anyway this thread is getting very clogged up.
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I'm always amazed when people can get so excited over an extra £0.05p a day in interest.2
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Wheres_My_Cashback said:OneUser1 said:The Monmouthshire terms say the maximum is £300 per month for twelve months. I read that as a £3600 maximum.
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.
First they say (Direct quote) “The maximum you can pay in is £300 each month” That’s from their paragraph in the summary box headed How do I open and manage my account?They also say (Direct quote) “Interest is calculated daily and paid at the end of the 12 month term” That’s from the paragraph headed What is the interest rate?
So those two statements taken together are clearly and unambiguously saying £300 a month maximum for 12 months which is, as I said, £3600.If you can quote something different from the Monmouthshire terms and conditions please share.0 -
OneUser1 said:Wheres_My_Cashback said:OneUser1 said:The Monmouthshire terms say the maximum is £300 per month for twelve months. I read that as a £3600 maximum.
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.
First they say (Direct quote) “The maximum you can pay in is £300 each month” That’s from their paragraph in the summary box headed How do I open and manage my account?They also say (Direct quote) “Interest is calculated daily and paid at the end of the 12 month term” That’s from the paragraph headed What is the interest rate?
So those two statements taken together are clearly and unambiguously saying £300 a month maximum for 12 months which is, as I said, £3600.If you can quote something different from the Monmouthshire terms and conditions please share.
Maturity of 12 months term is 25th August 2024
Pay in £300 on 25th August 2023 - (1 payment)
Then pay in £300 on 1st September 2023 to 1st August 2024 inclusive. - (12 payments)
A Monmouthshire month is a calendar month, unlike Coventry BS which is stipulated as a month from 1st payment (monthiversary)
So, 13 payments made during 12 months term, each being £300 per month..3 -
I’m a new customer to Monmouth and got the welcoming letter today. Will return the sig form in the enclosed envelope but in the meantime can I make first £300 deposit before 5pm today and thus it be allocated to my account tomorrow so can then make another £300 payment on Friday 1 Sep? It says on the letter 1 working day for receipt of deposits but also advised to do before 25th. Thx.0
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tg99 said:I’m a new customer to Monmouth and got the welcoming letter today. Will return the sig form in the enclosed envelope but in the meantime can I make first £300 deposit before 5pm today and thus it be allocated to my account tomorrow so can then make another £300 payment on Friday 1 Sep? It says on the letter 1 working day for receipt of deposits but also advised to do before 25th. Thx.2
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As an existing customer, I applied for MONBS 8% RS yesterday. Surprised to get email today saying a new account added to my online profile. Nothing showing online though & I’m now out of UK for 3 weeks so will leave funding until I get back.0
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