The Top Regular Savers Discussion Thread

Bridlington1

Co-operative Bank Interest Rate Reductions 22/10/25:

Co-operative Bank Regular Saver ~~~ NO CHANGE ~~~ Remains at 7%

Bridlington1

Vernon BS Online Regular Saver to fall from 6% to 5.75% from 1/9/25

Dizzycap

Kim_13 said:

If Coventry cut the Sunny Day Saver at this point, it will be a new level of stinginess. The accounts begin maturing in little more than three weeks and it was on sale for less than a month. So very little gain for them when factoring in the notice period and the admin taken to communicate a rate drop.

Exactly! But I bet they will just to keep all their cuts balanced throughout their product range, which is already dismal at best!   

Bridlington1

Regular Saver Interest Rate Reductions Since BOE Base Rate Cut From 4.25% to 4% On 7/8/25:

Account	Old rate	New rate	Date
Co-operative Bank Regular Saver	7.00%	NO CHANGE	22/10/2025
Skipton Regular Saver Issue 1 (tracks BOE BR)	5.75%	5.50%	TBC
Skipton Member's Regular Saver Issue 4 (tracks BOE BR)	6.25%	6.00%	TBC
Vernon Online Regular Saver	6.00%	5.75%	01/09/2025

As advertised please find above a list of the regular saver interest rate changes announced so far. This list shall be updated with any further regular saver interest rate announcements until the next BOE base rate decision is announced on 18th September 2025.

Thresholds for regular savers to be included on page 1 of this thread remain under review for the time being.

A link to this post has been included on the first page of  The Archived History Of Regular Savers Thread *** NO CHAT*** thread for future reference.

Slinky

Sorry to ask, I'm a bit late to set up a new Monmouth account. I'm about to try to fund it, do I set it up as a Personal or Business account from my funding account please?

mon3ysav3r

Slinky said:

Sorry to ask, I'm a bit late to set up a new Monmouth account. I'm about to try to fund it, do I set it up as a Personal or Business account from my funding account please?

Good timing I just received a letter from them with this info, their instructions say:

Select Business account - even though you're paying into your account, you're paying it to MBS first

Account Name use "Monmouthshire Building Society"

Sort code 40 05 30 - will show as HSBC

Account Number 14576608

Payment Reference - your MBS savings account number

EDIT - Apparently their letter contradicts what their information online says, perhaps both methods work

flaneurs_lobster

Slinky said:

Sorry to ask, I'm a bit late to set up a new Monmouth account. I'm about to try to fund it, do I set it up as a Personal or Business account from my funding account please?

Personal.   

Standing Orders and Electronic Transfer
 
To set up a standing order or make a single electronic payment to your savings account, you will need to provide the following details to your bank:

Account Name: Your full name (the account holder)

Sort Code: 40-05-30

Account Number: 14576608

Reference: XXXXXXXXXX (Please make sure there are no spaces or hyphens - use the Monmouthshire Building Society account number you want to credit).

masonic

If you give it a day, you should get a Confirmation of Payee match on your name. I have no idea why they'd still be sending out letters saying people should use business and MBS as the account name.

flaneurs_lobster

Oh brilliant, their letter contradicts what's on their website.

Well, one of them (or more likely both) will work.

clowning

I used personal when I opened and funded mine last week. I can confirm the funds arrived safely