The Top Regular Savers Discussion Thread

PowerSavingMode

Monmouth BS Exclusive Regular Saver - Issue 2

I think this has been raised before, but just in case... if Monmouthshire Building Society is saying the product terms apply, then giving just 14 days' notice (in my case) of the interest rate reduction doesn't comply with the product terms, which state: 

"If we put the rate down, we’ll let you know as soon as we can - with at least 30 days’ notice."

gt94sss2

PowerSavingMode said:

Monmouth BS Exclusive Regular Saver - Issue 2

I think this has been raised before, but just in case... if Monmouthshire Building Society is saying the product terms apply, then giving just 14 days' notice (in my case) of the interest rate reduction doesn't comply with the product terms, which state: 

"If we put the rate down, we’ll let you know as soon as we can - with at least 30 days’ notice."

MBS wrote to members a while back stating they were changing their T&C and reducing the notice period to 14 days.

Bigwheels1111

alfred64 said:

The West Brom would not allow a 13th payment into the regular saver. But I am looking forward to later this month when I will be able to open another @ 6%..

I just applied for a new one on the 16/02/25 info said 3 working days to open, it was opened on the 19/02/25.

ForumUser7

happybagger said:

I think you'll be permitted to close the account completely, but not make a partial withdrawal

Baseline approach seems to be closure - Skipton does this I think IIRC. Generous approach offered by some is withdrawal.

Slinky

First standing order payment for the Furness RS has gone today, not currently showing up in the Furness account. Presume it will show tomorrow, is this normal?

KuchKuch

Virgin Money Regular Saver Exclusive

I made a £250 transfer to my Virgin Money Regular Saver Exclusive account on Saturday afternoon. Strangely it is still showing as "Pending" on the Virgin Money app. Last month and other times I have made a transfer on a non-working day, it has normally processed by the next working day in the morning. Anyone else having the same issue this month?

Bob2000

KuchKuch said:

Virgin Money Regular Saver Exclusive

I made a £250 transfer to my Virgin Money Regular Saver Exclusive account on Saturday afternoon. Strangely it is still showing as "Pending" on the Virgin Money app. Last month and other times I have made a transfer on a non-working day, it has normally processed by the next working day in the morning. Anyone else having the same issue this month?

Yes, same with my deposit. Sent at 8 am. Saturday was "Pending" until just after 5 today.

[Deleted User]

Slinky said:

First standing order payment for the Furness RS has gone today, not currently showing up in the Furness account. Presume it will show tomorrow, is this normal?

Yes it shows up next working day.

Slinky

[Deleted User] said:

Slinky said:

First standing order payment for the Furness RS has gone today, not currently showing up in the Furness account. Presume it will show tomorrow, is this normal?

Yes it shows up next working day.

It's showing in my account this morning as having been received today rather than yesterday. In these days of instant transfers, where does it go overnight I wonder, and who gets the benefit from it?

jaypers

Slinky said:

[Deleted User] said:

Slinky said:

First standing order payment for the Furness RS has gone today, not currently showing up in the Furness account. Presume it will show tomorrow, is this normal?

Yes it shows up next working day.

It's showing in my account this morning as having been received today rather than yesterday. In these days of instant transfers, where does it go overnight I wonder, and who gets the benefit from it?

It’s annoying and I find Furness slower than most TBH. It effectively goes into their account until such time as they run their processing to credit their internal accounts. They must do this on ‘Working Day 1’ and next morning, ‘Working Day 2’ run some sort of processing to credit their internal customer accounts. Could be quicker and don’t really understand why they don’t do something at the end of each day as well as the start. Saying this, suspect their IT and processes are out of date.