Regular Savings Accounts: The Best Currently Available List!

chris_the_bee

flaneurs_lobster said:

HHUK said:

Requirements

Must be an existing Monmouthshire Building Society Member with a savings account or mortgage. Your savings account must have at least £1 in it and your account must have had transactions within the last 24 months. Which means that you’ll need to have had your savings account since around 5 September 2021 to qualify.

This strikes me as a very odd interpretation.

This strikes me as just plain wrong, both in interpretation and practice. My Coronation RS, held since whenever the coronation happened, was deemed sufficient membership qualification for the Exclusive.

I don' know where the quote came from, as the T's&C's clearly state
"To be a qualifying customer you must:

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

There is nothing about the 5th September 2021 clarification.

friolento

chris_the_bee said:

flaneurs_lobster said:

HHUK said:

Requirements

Must be an existing Monmouthshire Building Society Member with a savings account or mortgage. Your savings account must have at least £1 in it and your account must have had transactions within the last 24 months. Which means that you’ll need to have had your savings account since around 5 September 2021 to qualify.

This strikes me as a very odd interpretation.

This strikes me as just plain wrong, both in interpretation and practice. My Coronation RS, held since whenever the coronation happened, was deemed sufficient membership qualification for the Exclusive.

I don' know where the quote came from, as the T's&C's clearly state
"To be a qualifying customer you must:

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

There is nothing about the 5th September 2021 clarification.

The source seems to be Andy Webb of 'Be Clever With Your Cash'

chris_the_bee

friolento said:

chris_the_bee said:

flaneurs_lobster said:

HHUK said:

Requirements

Must be an existing Monmouthshire Building Society Member with a savings account or mortgage. Your savings account must have at least £1 in it and your account must have had transactions within the last 24 months. Which means that you’ll need to have had your savings account since around 5 September 2021 to qualify.

This strikes me as a very odd interpretation.

This strikes me as just plain wrong, both in interpretation and practice. My Coronation RS, held since whenever the coronation happened, was deemed sufficient membership qualification for the Exclusive.

I don' know where the quote came from, as the T's&C's clearly state
"To be a qualifying customer you must:

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

There is nothing about the 5th September 2021 clarification.

The source seems to be Andy Webb of 'Be Clever With Your Cash'

A wrong interpretation by  'Be Clever With Your Cash'  However, moot point as NLA

HHUK

MONMOUTHSHIRE EXCLUSIVE REGULAR SAVER

Yes - wrong interpretation by 'Be Clever With Your Cash'.*

I received an email from the Monmouthshire today stating:

'An account has been added to your Online Banking profile. Please log in to view the details'

so it looks like my application on 7 September on the back of my existing Christmas Saver Bond has been successful.

However, The ERS is not yet available to view in My Accounts, nor does its number appear in the Add Accounts drop-down box. I'm hopeful it will all be sorted in the next few days.

(*I've dropped a message flagging this on the 'Be Clever With Your Cash' Forum.)

veggieblob

HHUK said:

MONMOUTHSHIRE EXCLUSIVE REGULAR SAVER

However, The ERS is not yet available to view in My Accounts, nor does its number appear in the Add Accounts drop-down box. I'm hopeful it will all be sorted in the next few days.

(*I've dropped a message flagging this on the 'Be Clever With Your Cash' Forum.)

I didn't even realise there was a drop down box - duh!  I just type in the number of the new account and it pops up pending

HHUK

veggieblob said:

I didn't even realise there was a drop down box - duh!  I just type in the number of the new account and it pops up pending

I don't have an account number yet, only the email saying the new account has been added to my Online Banking profile. Maybe it will work differently once everything is fully functional

snow62

HHUK said:

veggieblob said:

I didn't even realise there was a drop down box - duh!  I just type in the number of the new account and it pops up pending

I don't have an account number yet, only the email saying the new account has been added to my Online Banking profile. Maybe it will work differently once everything is fully functional

It doesn't show automatically.  When you receive your passbook/account number, then go to Add Accounts and type in the account number.  Meanwhile, send your first payment.  Things take a while to show - be prepared to wait 2-3 days for everything.to fall into place - and initially it may show a 0.00 balance even though you've made a payment.  Nothing to worry about - the payment is nevertheless added on the day they receive it.  It's just the way their system works. 

friolento

snow62 said:

HHUK said:h

veggieblob said:

I didn't even realise there was a drop down box - duh!  I just type in the number of the new account and it pops up pending

I don't have an account number yet, only the email saying the new account has been added to my Online Banking profile. Maybe it will work differently once everything is fully functional

It doesn't show automatically.  When you receive your passbook/account number, then go to Add Accounts and type in the account number.  Meanwhile, send your first payment.  Things take a while to show - be prepared to wait 2-3 days for everything.to fall into place - and initially it may show a 0.00 balance even though you've made a payment.  Nothing to worry about - the payment is nevertheless added on the day they receive it.  It's just the way their system works. 

When you add your new account, it initially shows as Pending, even if they may already have received a payment for the account from you. It can take several working days before the account shows with a balance, either £0.00 or the amount of a deposit you made. They may or may not send you a message once they change the status from Pending. Best to check once a day until you are happy that it's all set up as expected. The information we can see seems to update once each working day around 7:15 am.

flaneurs_lobster

snow62 said:

Nothing to worry about - the payment is nevertheless added on the day they receive it.  It's just the way their system works. 

Agreed, received my passbook yesterday for the "ordinary" RS, 2 weeks after the account was applied for and funded.

All up-to-date with 2 month's-worth of funding. Could see the account online a few days after opening, already had online access.

jd84

I've a few months left on a HSBC regular saver, and can now get better rates elsewhere.

The minimum pay is supposed to be £25, but what if I just cancel the standing order and leave it to mature?

Do you think they would even notice or care?

I can't see anything in their terms about the rate dropping if failing to pay in, only for closing early, so not sure why they say this, given you can pay more in later months to make up the full amount.

Has anybody else had experience of this before?

Thanks