Regular Savings Accounts: The Best Currently Available List!

ForumUser7

How long have people found RS withdrawals take on the new Darlington BS platform please? IIRC, it used to be before 15:30 to arrive same day, so hoping it’s still the same

Wheres_My_Cashback

flaneurs_lobster said:

chris_the_bee said:

BestSeagull said:

If the account is opened on 25th August 2023 and a month is a calendar month, are we sure that the end date of the  "12 months" is not 31st of August 2024?

In common with all other BS, maturity is on the 12 month anniversary of opening the account i.e 25th August 2024.

This is the detail from my MonBS RS:

Account Information

Product Name:	CORONATION REGULAR SAVER
Date Opened	26/04/2023
Next Interest Due Date	31/03/2024

Is "Next Interest Due Date" the same as Maturity Date?

No, they have paid interest on 31/03 on 2 other RS I've had which had differing maturity dates.

Wheres_My_Cashback

ForumUser7 said:

How long have people found RS withdrawals take on the new Darlington BS platform please? IIRC, it used to be before 15:30 to arrive same day, so hoping it’s still the same

When I removed all bar £1 from my 4 x RS 2 months ago payment was received the same day.

SavingsBoo

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.

I’m a new customer too … trying not to be critical of Monmouth but it’s all a bit confusing! I sent my signature form back a couple of days ago, the letter says I can’t transact until form is received by them. But then it also says‘Once initial funds have been deposited… you can access your account online by simply completing the registration and activation steps via the My Accounts section of our website..’

But the letter doesn’t tell you how to deposit! So I’ve taken a leap today and completed the online registration and will apparently receive an activation key by post and I’ve made a Faster Payment using the sort code and account number found on the MBS website and my account number from the letter. Fingers crossed !

chris_the_bee

flaneurs_lobster said:

chris_the_bee said:

BestSeagull said:

If the account is opened on 25th August 2023 and a month is a calendar month, are we sure that the end date of the  "12 months" is not 31st of August 2024?

In common with all other BS, maturity is on the 12 month anniversary of opening the account i.e 25th August 2024.

This is the detail from my MonBS RS:

Account Information

Product Name:	CORONATION REGULAR SAVER
Date Opened	26/04/2023
Next Interest Due Date	31/03/2024

Is "Next Interest Due Date" the same as Maturity Date?

There is an anomaly on this account.
In one place it states:-

• Interest is variable and calculated on a daily basis on the balance in the account and paid at the end of the 12-month term.

Elsewhere it states:-

•  Interest is paid annually and can be added to the account or paid into a suitable bank/ building society account or suitable Monmouthshire Building Society account following close of business 31 March.

Looking at my, MONBS online, all my accounts show interest to be payable 31st March, however, this is wrong and contradicts the actual account terms

tg99

SavingsBoo said:

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.

I’m a new customer too … trying not to be critical of Monmouth but it’s all a bit confusing! I sent my signature form back a couple of days ago, the letter says I can’t transact until form is received by them. But then it also says‘Once initial funds have been deposited… you can access your account online by simply completing the registration and activation steps via the My Accounts section of our website..’

But the letter doesn’t tell you how to deposit! So I’ve taken a leap today and completed the online registration and will apparently receive an activation key by post and I’ve made a Faster Payment using the sort code and account number found on the MBS website and my account number from the letter. Fingers crossed !

The sort code and account number was on the product terms and conditions pages enclosed with my letter.

I think the being able to transact bit is probably related to withdrawals rather than paying in but don’t know for certain.

Kazza242

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.

Monmouthshire BS have now opened my 7.00% Regular Saver.  I have sent a FP to it today.

I am still awaiting the passbook and letter for this account, which were apparently posted out to me yesterday.  I'll probably receive them tomorrow.   

gwapenut

When withdrawing from the Darlington, is there an option to close the account?

Wheres_My_Cashback

tg99 said:

SavingsBoo said:

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.

I’m a new customer too … trying not to be critical of Monmouth but it’s all a bit confusing! I sent my signature form back a couple of days ago, the letter says I can’t transact until form is received by them. But then it also says‘Once initial funds have been deposited… you can access your account online by simply completing the registration and activation steps via the My Accounts section of our website..’

But the letter doesn’t tell you how to deposit! So I’ve taken a leap today and completed the online registration and will apparently receive an activation key by post and I’ve made a Faster Payment using the sort code and account number found on the MBS website and my account number from the letter. Fingers crossed !

The sort code and account number was on the product terms and conditions pages enclosed with my letter.

I think the being able to transact bit is probably related to withdrawals rather than paying in but don’t know for certain.

Different people/accounts different letters.

The way I understand it is that for the 7%, ALL get a signature required letter which gives details of how to pay in as this could be for new members.

For the 8% and existing members you don't get a signature request as in theory this is not open to all, nor does it tell you the pay-in details.

friolento

Wheres_My_Cashback said:

tg99 said:

SavingsBoo said:

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.

I’m a new customer too … trying not to be critical of Monmouth but it’s all a bit confusing! I sent my signature form back a couple of days ago, the letter says I can’t transact until form is received by them. But then it also says‘Once initial funds have been deposited… you can access your account online by simply completing the registration and activation steps via the My Accounts section of our website..’

But the letter doesn’t tell you how to deposit! So I’ve taken a leap today and completed the online registration and will apparently receive an activation key by post and I’ve made a Faster Payment using the sort code and account number found on the MBS website and my account number from the letter. Fingers crossed !

The sort code and account number was on the product terms and conditions pages enclosed with my letter.

I think the being able to transact bit is probably related to withdrawals rather than paying in but don’t know for certain.

Different people/accounts different letters.

The way I understand it is that for the 7%, ALL get a signature required letter which gives details of how to pay in as this could be for new members.

For the 8% and existing members you don't get a signature request as in theory this is not open to all, nor does it tell you the pay-in details.

Neither of my two letters gave me details of how to pay in. Though I think the passbook includes this info (cba to get my passbook out of the safe atm)