Regular Savings Accounts: The Best Currently Available List!

Section62

friolento said:

granta said:

Monmouth

I received the signature form last week and haven't got round to posting it yet. In the meantime, I have managed to fund the account for August and September and can see it online.

What is the benefit now of returning the form (they have several signature forms from me previously)....is it just to get the passbook which I have no need for?

They might not let you withdraw the matured funds if they haven't got your signature

Withdrawals online to the nominated account don't need a signature.

friolento

Section62 said:

friolento said:

granta said:

Monmouth

I received the signature form last week and haven't got round to posting it yet. In the meantime, I have managed to fund the account for August and September and can see it online.

What is the benefit now of returning the form (they have several signature forms from me previously)....is it just to get the passbook which I have no need for?

They might not let you withdraw the matured funds if they haven't got your signature

Withdrawals online to the nominated account don't need a signature.

No they don't but MBS wouldn't be the first who put a block on withdrawals if they don't have a signature on file.

trickydicky14

friolento said:

granta said:

Monmouth

I received the signature form last week and haven't got round to posting it yet. In the meantime, I have managed to fund the account for August and September and can see it online.

What is the benefit now of returning the form (they have several signature forms from me previously)....is it just to get the passbook which I have no need for?

They might not let you withdraw the matured funds if they haven't got your signature

Is it rally a hardship to just stick the form back in the post? and then you know you have done everything by the book.

allegro120

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. 

chris_the_bee

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.

MDMD

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.

Have you got that in writing as that’s not what Monmouthshire say in the terms. This says the 12 month term runs from the date of account opening. 

Money_Grabber13579

MDMD said:

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.

Have you got that in writing as that’s not what Monmouthshire say in the terms. This says the 12 month term runs from the date of account opening. 

Can’t answer your question but those terms possibly explain why I’ve received nothing from them. Seemingly they don’t like people who live in NI.

Wheres_My_Cashback

MDMD said:

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.

Have you got that in writing as that’s not what Monmouthshire say in the terms. This says the 12 month term runs from the date of account opening. 

Been here. done that and previously discussed in depth.

T&C don't always give the full story and that applies to many different organisations when it comes to savings accounts

MONBS have an admin opening date, the date the application is processed and.
An official opening date (first deposit date) used to determine the full 12month maturity date.

"To open an account with the Society, you will need to provide at least the minimum investment amount for the type of account"

If the maturity date was set at admin opening date then very few people would actually ever get a 12 month term due their administrational procedures.

subjecttocontract

I thought Northern Ireland WAS part of & made up the United Kingdom. Surely any reference to the United Kingdom is invalid if any parts are excluded. Bloody cheek. Next time my business decides to select an area to cover we'll make a point of excluding Wales !

chris_the_bee

MDMD said:

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.

Have you got that in writing as that’s not what Monmouthshire say in the terms. This says the 12 month term runs from the date of account opening. 

Both I and OH recently opened 2 Regular & 2 Exclusive RS. In each case, the letters were dated about a week before the confirmed opening date. This date is shown in MONBS online as well as the next interest due date being the day before the years anniversary. The opening date is the date that first funds were received. This has been the same for 16 of their accounts dating back to 2020, whether cheque or FPS receipt.