Regular Savings Accounts: The Best Currently Available List!

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.

flaneurs_lobster

Nick_C said:

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.

So given all that, why would anyone just open the 7% RS and not open the 8% one as well?

Moot now since the 7% is NLA, but if you did secure one the 8% is still available.

SJMALBA

liamcov 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.

Does the account mature on that date though?

Not sure if this also applies to the 7% RS, but, from the Exclusive RS Ts & Cs:

SJMALBA

Nick_C said:

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.

That was my reading of the Ts & Cs too; having opened the 7% last month, as a first time MBS member, and therefore having to wait for their snail mail processes, this morning, with the 7% now funded, I applied for the 8% RS - time will tell if it is successful...