The Top Regular Savers Discussion Thread

35har1old

schiff said:

Monmouth are a bit tough with rate reductions following BoE decisions about base rate. On three occasions when base rate was reduced by 0.25%, they reduced their RS interest rate by 0.35%, 0.45% and 0.30%. That's the one that started at 6.00% and is due to mature (in my case) next month.
If BR is reduced on 7/8/25 they would need a brass neck to do likewise having only recently offered it.

Is that issue 2 maturing in August?
Just printed out the latest closed account list dated 14-05-25
Rate shown as 5.2%
When did the last reduction kick in and did you get any notification?

gt94sss2

35har1old said:

schiff said:

Monmouth are a bit tough with rate reductions following BoE decisions about base rate. On three occasions when base rate was reduced by 0.25%, they reduced their RS interest rate by 0.35%, 0.45% and 0.30%. That's the one that started at 6.00% and is due to mature (in my case) next month.
If BR is reduced on 7/8/25 they would need a brass neck to do likewise having only recently offered it.

Is that issue 2 maturing in August?
Just printed out the latest closed account list dated 14-05-25
Rate shown as 5.2%
When did the last reduction kick in and did you get any notification?

The interest rate on the Monmouthshire BS Exclusive Regular Saver Issue 2 account reduced from 5.20% to 4.90% on 16/06/2025

I was notified by email on 2 Jun 2025.

PowerSavingMode

35har1old said:

schiff said:

Monmouth are a bit tough with rate reductions following BoE decisions about base rate. On three occasions when base rate was reduced by 0.25%, they reduced their RS interest rate by 0.35%, 0.45% and 0.30%. That's the one that started at 6.00% and is due to mature (in my case) next month.
If BR is reduced on 7/8/25 they would need a brass neck to do likewise having only recently offered it.

Is that issue 2 maturing in August?
Just printed out the latest closed account list dated 14-05-25
Rate shown as 5.2%
When did the last reduction kick in and did you get any notification?

I believe so. The notes on my spreadsheet for my Monmouthshire BS Exclusive Regular Saver Issue 2 show that the rate was reduced to 4.9% (from 5.20%) on 16 June 2025.

friolento

My Monmouth BS Issue 8 is open and shows in the app. 

I had started the application in the app around 11pm last night but it didn’t complete and I just left it. This morning it had completed, without further intervention by myself. 

First £500 on their way now.

It seemed simple enough, very significantly faster than previous applications (ignoring that I was overly keen and tried to open the account earlier than it became officially available)

Bridlington1

Nowhere near as exiting as other accounts discussed recently but:

Coventry BS Loyalty Mortgage Saver (2) 4.8%, available to those who hold an eligible mortgage account with Coventry Building Society, Godiva Mortgages Limited or ITL Mortgages Limited.

flaneurs_lobster

friolento said:

My Monmouth BS Issue 8 is open and shows in the app. 

I had started the application in the app around 11pm last night but it didn’t complete and I just left it. This morning it had completed, without further intervention by myself. 

First £500 on their way now.

It seemed simple enough, very significantly faster than previous applications (ignoring that I was overly keen and tried to open the account earlier than it became officially available)

Mine's open too. Quid on its way.

I'm finding that the app is logging me out every time I move to another screen (filling in a new payee at my bank). which is fair enough, but logging back in demands a new OTP be generated each time despite having set up biometrics. This is a serious PITA.

BestSeagull

Monmouthshire BS  RS 8. I applied just now on the app and it went through after trundling away for several minutes. 
I really hate the 2FA on the app!

eta I signed back in to the app a few minutes later and the account was there.

Hattie627

Monmouthshire BS RS Issue 8

You can add the account to your list of accounts in online banking by clicking "add account" and entering the account number (from the app)

You will get an email from Mon BS with attached letter confirming your account open and giving the new account number and details of how to make electronic payments.

CoP doesn't recognise the new account yet. 

Gers

flaneurs_lobster said:

I'm finding that the app is logging me out every time I move to another screen (filling in a new payee at my bank). which is fair enough, but logging back in demands a new OTP be generated each time despite having set up biometrics. This is a serious PITA.

I found that too and gave up! Especially when all the documents have to be actually downloaded and then the app directs back to login. 

charlie12525

Monmouthshire BS RS Issue 8

No problems opening the account online as a new customer.

I got the message at the end...

Thank you for choosing to open an account with Monmouthshire Building Society.

What happens next?

Our team will now begin to process your application. We’ll be as quick as we can and appreciate your patience. 

Once your new account is set up, we’ll send you an email.