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

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Comments

  • 35har1old
    35har1old Posts: 2,253 Forumite
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    clairec666 said:
    Bridlington1 said:

    Monmouthshire BSRegular Saver Issue 4CUnlimited3.40%V£0£350
    Monmouthshire BSRegular Saver Issue 5CUnlimited3.40%V£0£350
    Monmouthshire BSRegular Saver Issue 6CUnlimited3.40%V£0£350
    Monmouthshire BSRegular Saver Issue 7CUnlimited3.40%V£0£350
    I'm noticing that these are far lower than Monmouthshire's current offering. Any idea whether they started at a decent rate and dropped off, or has the rate stayed fairly stable in line with the base rate? (Just trying to second guess what might happen with the current 6% and 7% accounts - although as both have unlimited withdrawals I can just pull the money out if they slash the rate too much.)
    One of the recent ones started up at 6% and matured at 4.9% 
    The recent ones sort of put a question mark as to why the reduction took place the reduction was beyond what the BOE had reduce the rate by 
  • happybagger
    happybagger Posts: 1,359 Forumite
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    edited 10 September 2025 at 8:43PM
    Bridlington1 said:

    In addition they've announced the following cuts to their savings rates:
    ...
    AccountOld rateNew rateDate




    Suffolk BS Online 1 Year Variable Rate Regular Saver (30.09.2025) 4.75%4.60%01/10/2025


    Odd for them to say this account will reduce on 1/10, given that it matures the day before anyway
  • Bridlington1
    Bridlington1 Posts: 4,815 Forumite
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    happybagger said:
    Bridlington1 said:

    In addition they've announced the following cuts to their savings rates:
    ...
    AccountOld rateNew rateDate




    Suffolk BS Online 1 Year Variable Rate Regular Saver (30.09.2025) 4.75%4.60%01/10/2025


    Odd for them to say this account will reduce on 1/10, given that it matures the day before anyway
    They haven't announced this account changing rate, apologies, I shall amend the offending post.
  • Money_Grabber13579
    Money_Grabber13579 Posts: 4,508 Forumite
    Part of the Furniture 1,000 Posts Newshound! Name Dropper
    35har1old said:
    nomorekids said:
    topyam said:
    Just noticed Monmouthshire exclude Northern Ireland
    That's bad, discriminatory even, poor NI savers
    Ni saver holding 1 app regular and 2 6% regular savers
    Did you use an NI address for the application, or do you have access to a non-NI address? When I put in my NI address, they rejected it saying I wasn’t a UK resident before then deciding it was because it went against their policy of EWS only.
    Northern Ireland club member No 382 :j
  • jaypers
    jaypers Posts: 1,270 Forumite
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    edited 11 September 2025 at 8:03AM
    My HSBC 7% RS matured today. Letter said a/c would disappear so I assumed same process as First Direct, but not so. Account now called Reg Saver-1 and interest rate is 1.3%. Interest of £113.87 was credited. Transferred to HSBC current a/c and paid out elsewhere. No fuss at all……fingers crossed HSBC do something for savings week. 
  • moi
    moi Posts: 1,068 Forumite
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    edited 11 September 2025 at 10:05AM
     Anyone with the branch/post Melton BS Regular Saver 5, is it possible to view the account online? (Like e.g. Stafford BS, with archaic passbooks, but activity can be checked online.)

    "sending us your passbook and written instructions to us. You can also transfer funds from your account to a nominated bank or building society account."

    TIA.
  • Kim_13
    Kim_13 Posts: 4,369 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    moi said:
     Anyone with the branch/post Melton BS Regular Saver 5, is it possible to view the account online? (Like e.g. Stafford BS, with archaic passbooks, but activity can be checked online.)

    "sending us your passbook and written instructions to us. You can also transfer funds from your account to a nominated bank or building society account."

    TIA.
    It is indeed. They are less archaic when it comes to withdrawals in that it has been reported to be possible to withdraw by secure message/phone without posting in the passbook. Stafford will not allow withdrawals without the passbook.
  • UKX69
    UKX69 Posts: 318 Forumite
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    Bridlington1 said:
    adw1977 said:
    ChewyyBacca said:
    Monmouth Branch Exc RS saga
    I had sent my postal application end Aug with a cheque (the only cheque book I have). I called Monm last week & this week on 8 Sep, they checked & said they didn't receive it. It was suggested that I cancel the cheque & resend the application.
    I called HSBC & requested for stop cheque. I would rather eat straw than call HSBC, they are the absolute worst.

    Today, in my app, I see two Branch Exc RS, one with a credit of £500 dated 8 Sept. (cheque date 27 Aug)
    Now that cheque is never going to clear, as theres 'stop cheque' on that.

    Which of the two Branch accounts should I fund? or be cheeky & fund both, for my troubles?
    I've had a similar experience a couple of years ago with Monmouthshire, where they said with great certainty that they hadn't received a postal application with cheque (posted weeks earlier) only for it to magically appear and for them to try to process two applications.

    Either their postal deliveries are epically bad, or (more likely) they don't really have a queue what is in the "to do" pile.
    I suspect it could well be the latter, this wouldn't be the first time they've been swamped with postal applications.

    If I may issue a plea though to give Monmouthshire BS a fair bit of time before contacting them for updates though.

    Monmouthshire BS shall no doubt be very busy at the moment and I should imagine they'll be trying to process these applications as quickly as possible. Phoning them only adds to their workload and delays applications further.

    In fairness to them they are also being rather generous in honouring the applications in the first place when other building societies would've declined the application and told you to apply in branch.
    My registration for Monmouth online access has taken 10 to come through. Thought they didn’t like the look of me! 🫣
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