The Top Regular Savers Discussion Thread

ForumUser7

Thanks @Bridlington1 for your work in creating this thread 

Market Harborough RS Issue 2

• Has anyone successfully deposited from an account that was not their nominated bank account please? Unsure if NBA is required for all deposits, initial deposits only, or no deposits and any deposits can come from any account
• Has anyone that opened an MHBS account and deposited the same day had a COP match please? I paid into my new RSs with them yesterday, but didn’t get a match

Thanks!

soulsaver

Let's start with a controversial one:

Market Harborough Member Monthly Saver 3.25% wef 16/01 £10 PM min, £3k PM max! 
And 30 day notice req'd for w/ds... 

Not sure who would find this a/c useful...

happybagger

Chorley BS 30.11.25 appears NLA, (certainly for online applications), possibly being replaced with a different end date.

Bridlington1

ForumUser7 said:

Thanks @Bridlington1 for your work in creating this thread 

Market Harborough RS Issue 2

• Has anyone successfully deposited from an account that was not their nominated bank account please? Unsure if NBA is required for all deposits, initial deposits only, or no deposits and any deposits can come from any account
• Has anyone that opened an MHBS account and deposited the same day had a COP match please? I paid into my new RSs with them yesterday, but didn’t get a match

Thanks!

My understanding of the Ts&Cs was that you had to set up a nominated account for withdrawals but you could make deposits from any account in a similar way to the Principality BS regular savers among others. That being said I set up a different nominated account for each of my MHBS regular savers and funded them from these accounts so haven't tested it myself.

Whenever I've opened a MHBS account and sent funds the same day I didn't get a CoP match, but the funds have arrived without any issues.

orange-juice

I’ve just realised that I can make 2x£150 deposits into my RBS/NatWest digital regular savers as I have two current accounts per institution.

Only worked that one out when they transferred £150 back to me when I accidentally transferred two payments from one current account, but not when the payments were made from separate current accounts. 

Not sure if this’ll benefit anyone but will help me get to the 5k limit a little quicker.
 

ForumUser7

Bridlington1 said:

ForumUser7 said:

Thanks @Bridlington1 for your work in creating this thread 

Market Harborough RS Issue 2

• Has anyone successfully deposited from an account that was not their nominated bank account please? Unsure if NBA is required for all deposits, initial deposits only, or no deposits and any deposits can come from any account
• Has anyone that opened an MHBS account and deposited the same day had a COP match please? I paid into my new RSs with them yesterday, but didn’t get a match

Thanks!

My understanding of the Ts&Cs was that you had to set up a nominated account for withdrawals but you could make deposits from any account in a similar way to the Principality BS regular savers among others. That being said I set up a different nominated account for each of my MHBS regular savers and funded them from these accounts so haven't tested it myself.

Whenever I've opened a MHBS account and sent funds the same day I didn't get a CoP match, but the funds have arrived without any issues.

Thank you

The reason I was confused was in the application process it says:

Bank Account Details

Please provide your current account bank details that you will use with this account. This account will be used to send your funds to if you make a withdrawal/close your account. We will not be taking money from this account.

Deposit Details

Please provide an approximate !gure of how much you intend to open the account with. You must fund the account within seven calendar days of opening. The account can be funded with multiple deposits. If your initial payment is sent electronically, the funds must be paid from the same Bank Account details entered.

But then it doesn't say about future deposits. And when I asked them, MHBS said any account was fine and didn't specify re initial vs ongoing. So it could just be a legacy message perhaps? Anyone made their initial payment from an account that was not their nominated account please?

Good to know re COP - Thank you. Not sure when the funds will arrive with it being a weekend.

pecunianonolet

Just a thought but perhaps the addition if accounts run by monthly or opening date in the info would help as well as the addition if a 13th payment is possible?

masonic

ForumUser7 said:

Bridlington1 said:

ForumUser7 said:

Thanks @Bridlington1 for your work in creating this thread 

Market Harborough RS Issue 2

• Has anyone successfully deposited from an account that was not their nominated bank account please? Unsure if NBA is required for all deposits, initial deposits only, or no deposits and any deposits can come from any account
• Has anyone that opened an MHBS account and deposited the same day had a COP match please? I paid into my new RSs with them yesterday, but didn’t get a match

Thanks!

• 
  

My understanding of the Ts&Cs was that you had to set up a nominated account for withdrawals but you could make deposits from any account in a similar way to the Principality BS regular savers among others. That being said I set up a different nominated account for each of my MHBS regular savers and funded them from these accounts so haven't tested it myself.

Whenever I've opened a MHBS account and sent funds the same day I didn't get a CoP match, but the funds have arrived without any issues.

Thank you

The reason I was confused was in the application process it says:

Bank Account Details

Please provide your current account bank details that you will use with this account. This account will be used to send your funds to if you make a withdrawal/close your account. We will not be taking money from this account.

Deposit Details

Please provide an approximate figure of how much you intend to open the account with. You must fund the account within seven calendar days of opening. The account can be funded with multiple deposits. If your initial payment is sent electronically, the funds must be paid from the same Bank Account details entered.

The opening deposit is sometimes used as part of identity verification (proof that you are in control of the nominated account and that it is in your name). It may have been superseded by them running a COP check when the nominated account is registered. I'd still err on the side of caution and send at least the first £10 from the nominated account. Since you can make multiple deposits within the month, a test £1 could be used as a check for subsequent payments.

kaMelo

orange-juice said:

I’ve just realised that I can make 2x£150 deposits into my RBS/NatWest digital regular savers as I have two current accounts per institution.

Only worked that one out when they transferred £150 back to me when I accidentally transferred two payments from one current account, but not when the payments were made from separate current accounts. 

Not sure if this’ll benefit anyone but will help me get to the 5k limit a little quicker.
 

That's not correct, it's £150 maximum deposit per month per Digital Regular Saver, having multiple current accounts doesn't increase that amount. Please keep us updated but I fear the excess will be returned in due course

jameseonline

My Principality 6 month issue 1 ended today as the maturity instructions I gave them £1000 (+ £33.34 interest) was sent to my Virgin account & £200 was left in the account and transferred into a 2nd 6 month issue 2 account 😊👍