We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

The Top Regular Savers Discussion Thread

24567173

Comments

  • ForumUser7
    ForumUser7 Posts: 2,358 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    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!
    If you want me to definitely see your reply, please tag me @forumuser7 Thank you.

    N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
  • soulsaver
    soulsaver Posts: 6,435 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 28 December 2024 at 12:07PM
    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...
  • Chorley BS 30.11.25 appears NLA, (certainly for online applications), possibly being replaced with a different end date.
  • 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.
  • 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
    ForumUser7 Posts: 2,358 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    edited 28 December 2024 at 12:56PM
    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.

    If you want me to definitely see your reply, please tag me @forumuser7 Thank you.

    N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.
  • 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
    masonic Posts: 25,796 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    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
    kaMelo Posts: 2,775 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    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
  • 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 😊👍
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 348.9K Banking & Borrowing
  • 252.3K Reduce Debt & Boost Income
  • 452.6K Spending & Discounts
  • 241.7K Work, Benefits & Business
  • 618.2K Mortgages, Homes & Bills
  • 176K Life & Family
  • 254.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.