The Top Regular Savers Discussion Thread

Section62

ForumUser7 said:

Aidanmc said:

checkly said:

Kim_13 said:

Looking at Moneyfacts, Monmouthshire appear to be launching a Regular Saver Issue 8 tomorrow paying 6%, £500 per month and unlimited withdrawals.

I cannot see an equivalent Exclusive account.

Fixed or variable?  Is there a link?

Doesnt specifically say fixed or variable.

In additional info it says restricted to those living in England, Scotland and Wales

Good to see it’s an online application one too - less hassle than posting stuff off

Up to now Monmouthshire's "online" means completing an application online, followed by them posting forms to you for signing and returning in the post, before they then post your passbook out.

I would be pleasantly surprised if "online" now means everything is done online and the account is up and running the same day.

Because we are approaching the end of the month, enclosing a cheque with the signed form has previously been a good way of getting the first deposit into the account before the start of the new month.  Although with a weekend in the way, getting the account funded by 31st July will be a challenge this time round (unless it is now a fully online process)

clairec666

Bridlington1 said:

clairec666 said:

jameseonline said:

Kim_13 said:

Looking at Moneyfacts, Monmouthshire appear to be launching a Regular Saver Issue 8 tomorrow paying 6%, £500 per month and unlimited withdrawals.

I cannot see an equivalent Exclusive account.

Interesting, not sure if I've got the funds to start one though🤣

Maybe in September if it's still going🤔

Same here, I'm struggling to fund all of my regular savers at the moment, and none are maturing until mid-September. Hopefully this one will be on offer for a while.

There's a chance it'll go quite quickly I should imagine. Monmouthshire BS is the one that launched a 7% RS that was open to all in 2023 but then pulled it within 24 hours.

Thanks for the tip. Definitely worth grabbing this one while it's open, £500 a month makes it appealing.

I've not had an account with Monmouthshire before - what are people's experiences with them? I saw on another thread about deposits being slow.

chris_the_bee

clairec666 said:

jameseonline said:

Kim_13 said:

Looking at Moneyfacts, Monmouthshire appear to be launching a Regular Saver Issue 8 tomorrow paying 6%, £500 per month and unlimited withdrawals.

I cannot see an equivalent Exclusive account.

Interesting, not sure if I've got the funds to start one though🤣

Maybe in September if it's still going🤔

Same here, I'm struggling to fund all of my regular savers at the moment, and none are maturing until mid-September. Hopefully this one will be on offer for a while.

If it allows multiple deposits per month, open it and fund with £1 (unless they set some other minimum). Then it doesn't matter if they pull it quickly.

Bridlington1

clairec666 said:

Bridlington1 said:

clairec666 said:

jameseonline said:

Kim_13 said:

Looking at Moneyfacts, Monmouthshire appear to be launching a Regular Saver Issue 8 tomorrow paying 6%, £500 per month and unlimited withdrawals.

I cannot see an equivalent Exclusive account.

Interesting, not sure if I've got the funds to start one though🤣

Maybe in September if it's still going🤔

Same here, I'm struggling to fund all of my regular savers at the moment, and none are maturing until mid-September. Hopefully this one will be on offer for a while.

There's a chance it'll go quite quickly I should imagine. Monmouthshire BS is the one that launched a 7% RS that was open to all in 2023 but then pulled it within 24 hours.

Thanks for the tip. Definitely worth grabbing this one while it's open, £500 a month makes it appealing.

I've not had an account with Monmouthshire before - what are people's experiences with them? I saw on another thread about deposits being slow.

They're slow and shall likely get swamped with applications tomorrow but they get there in the end so you may need to exercise a bit of patience with them.

Online banking is rather basic but you can still make withdrawals etc from them without issues, just remember to set up a nominated account.

They have been known to do some rather nice loyalty accounts for existing members (they launched an 8% loyalty RS alongside the 7% one I mentioned) so I'd definitely be inclined to get a foot in the door with them so to speak, particularly if it's a 6% one.

jameseonline

clairec666 said:

Bridlington1 said:

clairec666 said:

jameseonline said:

Kim_13 said:

Looking at Moneyfacts, Monmouthshire appear to be launching a Regular Saver Issue 8 tomorrow paying 6%, £500 per month and unlimited withdrawals.

I cannot see an equivalent Exclusive account.

Interesting, not sure if I've got the funds to start one though🤣

Maybe in September if it's still going🤔

Same here, I'm struggling to fund all of my regular savers at the moment, and none are maturing until mid-September. Hopefully this one will be on offer for a while.

There's a chance it'll go quite quickly I should imagine. Monmouthshire BS is the one that launched a 7% RS that was open to all in 2023 but then pulled it within 24 hours.

Thanks for the tip. Definitely worth grabbing this one while it's open, £500 a month makes it appealing.

I've not had an account with Monmouthshire before - what are people's experiences with them? I saw on another thread about deposits being slow.

Monmouthshire are one of the building societies being dragged very slowly into the modern age it's basically why I've never really got started with them, I had a regular saver with them & for a long time I couldn't get at the money I put in, eventually after a while on a call one day they said they said they could transfer it electronically to my Virgin account rather than a cheque.

They still issue passbooks for new accounts, just like they did years ago when I had a regular saver, personally I don't want/need one.

And Monmouthshire recently launched an app, which wasn't the best to get setup on either. (Commented on that on my companies without savings app thread)

I gave Monmouthshire another go last year I think incase some decent accounts came up & it seems this may now pay off, opened an easy access, the process was not smooth, I had to sign forms, post off, chase things with staff on phone calls, wait for things in post etc.

Monmouthshire don't seem to actually close you off on their systems either, so despite me telling them & being assured they closed my regular saver etc everything still seems to be there, zero balance etc, I can literally see it on the newly released app, so yeah if you've had a login etc before you might have to contact them to reactivate it etc.

I'd say only bother with Monmouthshire if you don't have any other options available to you because for someone so used to digital/online banking they are pretty high on my list for the most frustrating companies because they are so old fashioned.

Dizzycap

flaneurs_lobster said:

flaneurs_lobster said:

Dudley Loyalty Regular Saver

flaneurs_lobster said:

RosieRooBear said:

Dudley Loyalty Regular Saver
Have just spoken to Customer Services at Dudley BS as I opened my account last night but funds didn’t get credited until this morning. She has confirmed that as long as the account was opened on or before 17th July whether funded or not then you are eligible for the Loyalty RS.

checkly said:

Just rang CS and was told that it had to be funded by 17th July so no point them sending me an application form!  Oh well!

Mine's opened 17th, showing funded next day. One of those CS agents is correct, I've filled the form out so might as well spend the postage to find out which.

My Dudley Loyalty Regular Saver now showing in my online account. That was impressively quick, only posted the application yesterday.

Has anyone else who applied for Dudley BS accounts in the last week received any correspondence from them? I now have 2 accounts (albeit the RS doesn't seem to be accepting deposits yet) and have yet to receive any communication from them, not even an acknowledgement of account opening. 

Not exactly typical.

Yes, only by message and it's been a very negative experience all round. I opened an easy saver on the 17th but direct funding was impossible as their website stated that the payment page contained 'phishing' software and blocked it, so I made a direct transfer from my current account which arrived the next day and the account was funded. I sent the Loyalty RS form off to be sent a message today to say I didn't qualify for the LRS because my easy access account wasn't opened until the 18th?! Having given up the ghost even after sending them a screen shot including date of easy access account opening, I am now unable to withdraw the £250 in my easy access account or close it, so another pile of rubbish to sort out tomorrow. However, it seems that others have been ok with opening everything with Dudley - I certainly won't be wasting my time and energy with them again, once I get my money back! 

trickydicky14

I just happened to be in Chepstow tomorrow, do you think I could get things moving quicker if I called in to the MBS branch and opened it, I am a current member.

flaneurs_lobster

trickydicky14 said:

I just happened to be in Chepstow tomorrow, do you think I could get things moving quicker if I called in to the MBS branch and opened it, I am a current member.

I would, bet there are biscuits.

Don't forget your passbook.

alfred64

I like the old fashioned ones

francoghezzi

jameseonline said:

clairec666 said:

Bridlington1 said:

clairec666 said:

jameseonline said:

Kim_13 said:

Looking at Moneyfacts, Monmouthshire appear to be launching a Regular Saver Issue 8 tomorrow paying 6%, £500 per month and unlimited withdrawals.

I cannot see an equivalent Exclusive account.

Interesting, not sure if I've got the funds to start one though🤣

Maybe in September if it's still going🤔

Same here, I'm struggling to fund all of my regular savers at the moment, and none are maturing until mid-September. Hopefully this one will be on offer for a while.

There's a chance it'll go quite quickly I should imagine. Monmouthshire BS is the one that launched a 7% RS that was open to all in 2023 but then pulled it within 24 hours.

Thanks for the tip. Definitely worth grabbing this one while it's open, £500 a month makes it appealing.

I've not had an account with Monmouthshire before - what are people's experiences with them? I saw on another thread about deposits being slow.

Monmouthshire are one of the building societies being dragged very slowly into the modern age it's basically why I've never really got started with them, I had a regular saver with them & for a long time I couldn't get at the money I put in, eventually after a while on a call one day they said they said they could transfer it electronically to my Virgin account rather than a cheque.

They still issue passbooks for new accounts, just like they did years ago when I had a regular saver, personally I don't want/need one.

And Monmouthshire recently launched an app, which wasn't the best to get setup on either. (Commented on that on my companies without savings app thread)

I gave Monmouthshire another go last year I think incase some decent accounts came up & it seems this may now pay off, opened an easy access, the process was not smooth, I had to sign forms, post off, chase things with staff on phone calls, wait for things in post etc.

Monmouthshire don't seem to actually close you off on their systems either, so despite me telling them & being assured they closed my regular saver etc everything still seems to be there, zero balance etc, I can literally see it on the newly released app, so yeah if you've had a login etc before you might have to contact them to reactivate it etc.

I'd say only bother with Monmouthshire if you don't have any other options available to you because for someone so used to digital/online banking they are pretty high on my list for the most frustrating companies because they are so old fashioned.

I wouldn't touch Monmouthshire even if they were the last building society on Earth. Good laugh also reading the reviews on line and the stories published by ex employees: just had a 'good' couple of hours doing some research on line. No, thank you, but wish all the best to those who will be in the queue tomorrow. If you will be heading for one of their branches I do hope you'll find a handy stable for your horse.