Regular Savings Accounts: The Best Currently Available List!

francoghezzi

And the MBS saga continues ... better than reading 'The Lord of the Rings"

dealyboy

francoghezzi said:

And the MBS saga continues ... better than reading 'The Lord of the Rings"

certainly longer ... 

drphila

chris_the_bee said:

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

I need to clarify this with them for tax reasons.

Fortunately however, there is no such ambiguity for the latest 2 products - interest is paid at the end of the term

Bridlington1

Leeds Regular Saver Issue 43 has now been replaced by Issue 44 at the same rate (5.25%), maturing on 1/9/25.

francoghezzi

Bridlington1 said:

Leeds Regular Saver Issue 43 has now been replaced by Issue 44 at the same rate (5.25%), maturing on 1/9/25.

Anyone has any experience with LeedsBS? I opened an account but haven't funded yet because I can't see it on line till I receive a code by post. The saver is attractive because if the 2 years period, but I don't know these people. Anyone know them and how they work?

Bridlington1

francoghezzi said:

Bridlington1 said:

Leeds Regular Saver Issue 43 has now been replaced by Issue 44 at the same rate (5.25%), maturing on 1/9/25.

Anyone has any experience with LeedsBS? I opened an account but haven't funded yet because I can't see it on line till I receive a code by post. The saver is attractive because if the 2 years period, but I don't know these people. Anyone know them and how they work?

They're pretty good to use I've found. Online banking is basic but functional and staff have always been helpful whenever I've phoned them. They send a text whenever they receive a deposit into the account, which is a plus particularly if funding it for the first time. Deposits aren't instant but I've found they arrive within a couple of hours so don't worry if the payment doesn't arrive straight away.

One thing to note about the regular saver is that you can't make withdrawals by faster payment from it online, however you can make a transfer to another Leeds BS account online. I've found the Access Saver allows you to make withdrawals by faster payment over the phone and has a £1 minimum balance so what it may be worth doing is opening an Access Saver as well with and sticking £1 in it, then if you need to make a withdrawal you can transfer the money to the Access Saver before phoning them to make a faster payment from there in order to save faffing about with cheques.

Bridlington1

Just a reminder that there are a few regular savers that are upping their rates from today:

Bath BS 16-25 Regular Saver rises from 7.29% to 7.49%

Bath BS Homestart Regular Saver rises from 4.69% to 4.89% 

Bath BS Regular Saver rises from 4.19% to 4.39%
Buckinghamshire BS Regular Saver rises from 3.85% to 4.10%
Darlington Regular Saver, Green Regular Saver (NLA) and Special Occasion Saver (NLA) rises from 4.5% to 4.6%

Mansfield BS Regular Saver and Regular eSaver rises from 4.25% to 4.5%

Most aren't very competitive but it may be of use for those who have these accounts.

OneUser1

Anyone with the NLA Buckinghamshire Locals Regular Saver does slightly better with their rate rising to 4.5%

dlevene

The Lord of Monmouthshire, Chapter 43

Tried opening an Exclusive Saver alongside the EA and RS last Wednesday. Signatory forms for the latter arrived on Saturday and Tuesday. Passbook for the Exclusive Saver arrived today! No signatory form, no issue with not being an existing customer!

Bemused but happy!

My advice to those interested in the Exclusive Saver who aren't existing customers: just apply for an EA and then apply for the Exclusive Saver, and be prepared for an odd experience....

soulsaver

Bridlington1 said:

Leeds Regular Saver Issue 43 has now been replaced by Issue 44 at the same rate (5.25%), maturing on 1/9/25.

"You are only allowed one account per customer including joint accounts. You may only hold one Leeds Building Society Regular Saver product at a time. If a second Regular Saver account is opened all the money in the second account will be transferred to the current instant access account available to new customers."