Regular Savings Accounts: The Best Currently Available List!

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 have now had written clarification from Monmouth regarding interest payment date as follows:

"....... I can also confirm that the interest is paid at the end of the term for the Coronation Regular Saver"

Bridlington1

Loughborough BS are finally raising some of their regular saver rates according to moneyfacts:
Limited Access Monthly Saver rises to 4.75% (up from 3.75%) from tomorrow. Still a poor rate but it's not often Loughborough raise their variable regular saver rates. Regular Saver Issue 1 is still showing as 2.5% on moneyfacts though.

ForumUser7

Nationwide BS Start to Save Issue 2 NLA

Growingold

Reg_Smeeton said:

Satisfied Monmouthshire customer here, two letters arrived over the weekend and two accounts funded as of this morning. Their very competitive rates at the moment more than outweigh any minor procedural clunkiness. IMO.

Currently having a nightmare with them gaining online access.  As an old customer my online was suspended.  Meant to be reactivated now after a telephone conversation with them a few days  but trying to log in want an activation code which they haven't sent.  Another phone call.
On a more positive note both R/S's have been opened and details sent to me.

Just wanted to check if max monthly deposit on the ord R'S is the same as the Exclusive one £300?
Thanks

BestSeagull

Growingold said:

Reg_Smeeton said:

Satisfied Monmouthshire customer here, two letters arrived over the weekend and two accounts funded as of this morning. Their very competitive rates at the moment more than outweigh any minor procedural clunkiness. IMO.

Currently having a nightmare with them gaining online access.  As an old customer my online was suspended.  Meant to be reactivated now after a telephone conversation with them a few days  but trying to log in want an activation code which they haven't sent.  Another phone call.
On a more positive note both R/S's have been opened and details sent to me.

Just wanted to check if max monthly deposit on the ord R'S is the same as the Exclusive one £300?
Thanks

Both are £300.

qsk

Has any "new" customer who opened 7% one and then applied for the 8% one? Are you treated as an existing customer in this case?

BestSeagull

qsk said:

Has any "new" customer who opened 7% one and then applied for the 8% one? Are you treated as an existing customer in this case?

According to the T&C you are not but some people have been trying that sort of thing (opening an instant access saver followed by an exclusive RS, for example) anyway and MBS appear to have been lenient with these types of applications so far.

dlevene

BestSeagull said:

qsk said:

Has any "new" customer who opened 7% one and then applied for the 8% one? Are you treated as an existing customer in this case?

According to the T&C you are not but some people have been trying that sort of thing (opening an instant access saver followed by an exclusive RS, for example) anyway and MBS appear to have been lenient with these types of applications so far.

Can confirm

liamcov

chris_the_bee said:

allegro120 said:

Growingold said:

Monmouthshire RS's
A question which may have already been answered definitely but not sure.

Does the 12 months run from date of account opening or receipt of first deposit?  Having missed deposit window for August wondering when best to do Septembers?

Many thanks.

Today or as soon as you can and on the 1st of every month starting from October until 1st August 2024. 

12 months runs from date of receipt of first funds.

Does the account mature on that date though?

Nick_C

BestSeagull said:

qsk said:

Has any "new" customer who opened 7% one and then applied for the 8% one? Are you treated as an existing customer in this case?

According to the T&C you are not but some people have been trying that sort of thing (opening an instant access saver followed by an exclusive RS, for example) anyway and MBS appear to have been lenient with these types of applications so far.

What makes you think that?

From the web site:-

"To be a qualifying member you must :

• Be an existing savings member (sole or joint) or mortgage customer.
• Your savings account must have money in it.
• Your account needs to have transactions within the last 24 months. "

So once you have opened the 7% account and made a couple of deposits, you are an existing member.