The Top Regular Savers Discussion Thread

s71hj

masonic said:

friolento said:

Not rubbing it in @masonic, but the MBS iOS app also allowed me to apply again. I now have 2 issue 8. I am holding back with funding this one until the first one is fully up and running. I have a dim memory of having 2 of the same MBS RS accounts in the past, even though their T&Cs have alway stipulated one only.

I suspect it is the new customer angle rather than the device type that is preventing me from seeing it. They may want to put new customers through the slow lane to get that wet-ink signature. In which case it would be pointless applying for another account via the app to gain access to the RS. But happy to hear from anyone who gives this a try!

The whole process has been so convoluted stopping and starting via app and website. Upshot myself and my wife have both applied 3x, the version on the app after it got up and running finally leading to account opening and practically instantly appearing in accounts list. Will wait to see in next few days if we end up with 3 of them! 

masonic

s71hj said:

masonic said:

friolento said:

Not rubbing it in @masonic, but the MBS iOS app also allowed me to apply again. I now have 2 issue 8. I am holding back with funding this one until the first one is fully up and running. I have a dim memory of having 2 of the same MBS RS accounts in the past, even though their T&Cs have alway stipulated one only.

I suspect it is the new customer angle rather than the device type that is preventing me from seeing it. They may want to put new customers through the slow lane to get that wet-ink signature. In which case it would be pointless applying for another account via the app to gain access to the RS. But happy to hear from anyone who gives this a try!

The whole process has been so convoluted stopping and starting via app and website. Upshot myself and my wife have both applied 3x, the version on the app after it got up and running finally leading to account opening and practically instantly appearing in accounts list. Will wait to see in next few days if we end up with 3 of them! 

Was that as a new or existing Monmouthshire BS customer?

allegro120

friolento said:

Not rubbing it in @masonic, but the MBS iOS app also allowed me to apply again. I now have 2 issue 8. I am holding back with funding this one until the first one is fully up and running. I have a dim memory of having 2 of the same MBS RS accounts in the past, even though their T&Cs have alway stipulated one only.

I've applied online this morning.  Now the app is working, so I used that and the account is now opened and showing.  If I end up with 2 of the same issue 8 I will report it on here.

s71hj

Re Monmouthshire BS app, the 2 factor thing is really weird in that you choose text message route but then have to choose it a 2nd time before you can put the 6 digit code on

surreysaver

s71hj said:

Re Monmouthshire BS app, the 2 factor thing is really weird in that you choose text message route but then have to choose it a 2nd time before you can put the 6 digit code on

And you have to wait for the second text message, as the first one will be invalid 

Kim_13

s71hj said:

Re Monmouthshire BS app, the 2 factor thing is really weird in that you choose text message route but then have to choose it a 2nd time before you can put the 6 digit code on

2FA seems OTT if you’ve used biometrics to get into the app in the first place. Especially when you’re just wanting to view/apply and not withdraw.

ChewyyBacca

So what is the verdict on best way to open Monmouth Reg Saver Iss 8? I havent yet downloaded the Monmouth BS mobile app

Online banking: Would this route trigger wet signature form to be sent and thus delay funding of the account for July 2025? I m an existing member since Feb 2025 and have the online account set up.

Mobile App: Is the app working perfectly, including 2FA and Reg saver is up and running?

What would you suggest- Online or mobile app?

Also, I understand CoP is not being recognised for some. Is funding through other Monmouth BS account okay, any specific T&Cs prohibiting this? I hold a Limited Access Saver Issue 4, with no withdrawals so far, so can make first deposit through it.

jameseonline

gt94sss2 said:

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 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

The online banking software that Monmouthshire use is the same as several other building societies. It is one where you have to manually "add" a new account too and/or choose to "hide" a closed account. 

I actually find this quite useful as it means I can set it to show my open accounts but access details of those I've already closed if I need to.

Apart from the fact that they take some time to reflect transactions online and slow opening times occasionally when they have been overwhelmed I have been quite happy with MBS.

They are certainly not the worst technically in my experience.

Guessing you've not used their new android app then, numourus bugs etc, it's going to take a lot to get Monmouthshire all modern & nice, and it's taking way too long to do that

jameseonline

flaneurs_lobster said:

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.

I always have to double up on SMS codes because 1st time I request it doesn't advance to next screen on android app

s71hj

jameseonline said:

flaneurs_lobster said:

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.

I always have to double up on SMS codes because 1st time I request it doesn't advance to next screen on android app

Ditto. There's nowhere to put the 1st OTP in