The Old Regular Savers Discussion Thread 28/12/24-29/1/26

jifmoose

chris_the_bee said:

Mansfield
CS says it is OK to write on the form "Will open by Bank Transfer when A/C is open" or similar.

Excellent - cheers!

mon3ysav3r

DealSeeker11 said:

mon3ysav3r said:

mhoc said:

Mansfield

I was going to start by opening an online esaver to make withdrawals easy but there seems to be only an esaver which requires a £100 balance and 180 days notice for withdrawals ... there does not seem to be just a basic esaver available 
Still undecided if a brand based account it worth the effort with the faff of passbooks 

I have opened that one online to see if it makes the postal application smoother, I can wait 6 months for the 100 quid back.

Did the process take you through id verification electronically? ...

No, they just requested the details of a linked bank account for verification.

masonic

Mansfield: Application pack received today, so impressed with their efficiency given I messaged them on Thursday evening. First class postage franked at £3.30 - what times we live in!

Hopefully enclosing a cheque will allow me to squeeze that payment in before the end of January.

Dizzycap

mon3ysav3r said:

mhoc said:

Mansfield

I was going to start by opening an online esaver to make withdrawals easy but there seems to be only an esaver which requires a £100 balance and 180 days notice for withdrawals ... there does not seem to be just a basic esaver available 
Still undecided if a brand based account it worth the effort with the faff of passbooks 

I have opened that one online to see if it makes the postal application smoother, I can wait 6 months for the 100 quid back.

I opened their online eSaver min £10 per month with 30 days notice for withdrawls on Thursday. Electronic ID verification immediate with now linked bank account. Although it's not a means for transfering matured funds, it allowed me to access the website; activation code and User ID in the post and received within 2 days. I've logged in and it's like the Monmouthshire BS portal where you can add an account using the + button at the top, so I'll be adding the Mansfield 6% RS once it's opened; application posted on Thursday. Now that I have a linked bank account, the 6% RS maturity options should be easier without the need to transfer monies into an EA to withdraw 180 days later; no thank you 

However, what I found with Dudley BS is that I have both the Online Festive RS & Postal/Branch RS. The postal/ branch version doesn't have an option to withdraw funds electronically to my linked bank account, so unless it appears before maturity, then it will involve faffing around with written postal closure & withdrawl as it can't be done via secure message   as per T&C's.

happybagger

Dizzycap said:
Now that I have a linked bank account, the 6% RS maturity options should be easier without the need to transfer monies into an EA to withdraw 180 days later; no thank you 

I may be wrong, or they may have changed since last autumn, but they would only allow their online (specific) accounts to be drawn out to the nominated account. The branch accounts could only be withdrawn via cheque or cash. At least that's what the Mansfield branch told me when I called in to close an account.
All I'm saying is don't get your hopes up. You may still need to send off for a cheque!

Kim_13

masonic said:

Mansfield: Application pack received today, so impressed with their efficiency given I messaged them on Thursday evening. First class postage franked at £3.30 - what times we live in!

Hopefully enclosing a cheque will allow me to squeeze that payment in before the end of January.

Just found the form to message them, Mansfield is more appealing if you can request a pack without needing to wait in a phone queue.

Have done so and will hopefully be able to send it off when there is a gap I need to fill.

PixelPound

How best to find out which are changing their rates? I have some fixed and some variable, but so far not many of the variable are going down. Is it just waiting for notification

Bridlington1

PixelPound said:

How best to find out which are changing their rates? I have some fixed and some variable, but so far not many of the variable are going down. Is it just waiting for notification

I maintain a list of those that have announced rate cuts so far. A link can be found on p1 of the archived history of regular savers thread 

Edited to add, link to the current list below:
https://forums.moneysavingexpert.com/discussion/comment/81805599/#Comment_81805599

Dugal

masonic said:

Mansfield: Application pack received today, so impressed with their efficiency given I messaged them on Thursday evening. First class postage franked at £3.30 - what times we live in!

Hopefully enclosing a cheque will allow me to squeeze that payment in before the end of January.

I messaged them yesterday and today received 2 letters saying there was an application pack enclosed - but neither did.☹️
So have printed the form and used a stamp - which I had hoped to avoid.

Slinky

I splashed out on first class stamps hoping to get a fast turnaround, although they were bought years ago so would have been way under the current rate.