The Top Regular Savers Discussion Thread

Bridlington1

Kim_13 said:

Bridlington1 said:

For those funding multiple Market Harborough BS regular savers:

I have just received a letter from them saying that they've reviewed my account balances and they've noticed my deposits have exceeded the monthly limit allowed.

They've asked me to contact them within 14 days of the letter to arrange for the overpaid funds to be returned to me, saying if they don't hear from me they'll send the funds to my nominated account but that they'll still pay interest earned on the excess funds.

They've also enclosed the summary box for their Fixed Term Regular Saver (30.11.2025).

Thanks for flagging this. I had been considering trying to get their latest issue when funds allow, but will continue to fully fund the 6% version I have and worry about a replacement account when the time comes.

Will you be contacting them? I’m wondering if they will return latest funds deposited or those earning the lowest interest (which are probably the same for MSErs, unless the first deposit was delayed before being credited at MHBS end.) Interesting that they have enclosed the summary box for Issue 1 when technically no one could exceed the limit by funding that account with £250 given that it is Issue 1.

I'm in two minds whether or not to to be honest, the letter says if I do not contact them they'll return the excess funds to my nominated account, which is what I'd've asked them to do anyway.

On the other hand it would be useful to find out further info as to which accounts they'll be taking the funds from etc.

Regardless if I were to contact them I wouldn't do a Friday afternoon given that they've said in the letter that funds would arrive within 5 working days of being sent so wouldn't want payments sent today and delayed over the weekend so if I were to contact them it would be early on in the week, therefore if I do contact them it'll most likely be on a Monday, probably the Monday after next given that I have alternate Mondays off work due to working a 9 day fortnight.

Hattie627

For those with the open-ended Stafford BS Regular Saver (currently paying 4.40% variable, before the latest base rate drop), the following offer is now open:-

Dear [Customer Name],

We are pleased to offer members the option to make an extra contribution to their Regular Saver accounts. This offer allows you to build up your savings, in addition to your regular monthly payments.

Until 30 September 2025, you can add up to £12,000 per account on top of your usual monthly deposits. It is a simple way to make more of your Regular Saver accounts.

mebu60

friolento said:

Slinky said:

clairec666 said:

mon3ysav3r said:

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

flaneurs_lobster said:

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).

Contradictory advice here - not just whether to use "Business" or "Personal", but also whether to us your own name or "Monmouthshire Building Society" as the account name.

I think I'll stick MBS in as the payee, I've got loads of others in my payees with my name on, so at least this will stand out a bit if it works!

I always use - with all providers - a unique "name" in the payee name field of transfers to my own accounts. Format: My initials - bank/BS initials - last 4 digits of account number.

Predictably, this leads to CoP failure, so where I am unsure about my payee details, I first get the CoP check done with my actual name, and once confirmed, I go back and change the account name to my preferred nomencalture.

You're not with Santander then! Used to be able to go back and change name, now it's a CoP failure and it's no longer a warning but a block. I now have a lot of payees called mebu60 which is a tad inconvenient.

where_are_we

ForumUser7 said:

Virgin Money RS 6.5%

Is the maximum balance for this going to be 3250 (13x250)? Can't see anything restricting 13th payments, or stating a maximum balance.

Thanks

That`s my reading of it too. I have set up 12 SO`s for £250 (following opening deposit of £250) starting 1/9/25 ending 1/8/26. Maturity is 28/8/26 so that 13th payment of £250 will earn 6.5% for 28 days which makes it worth doing. I would imagine that 6.5% will look a good rate during August 2026.

Bridlington1

Hattie627 said:

For those with the open-ended Stafford BS Regular Saver (currently paying 4.40% variable, before the latest base rate drop), the following offer is now open:-

Dear [Customer Name],

We are pleased to offer members the option to make an extra contribution to their Regular Saver accounts. This offer allows you to build up your savings, in addition to your regular monthly payments.

Until 30 September 2025, you can add up to £12,000 per account on top of your usual monthly deposits. It is a simple way to make more of your Regular Saver accounts.

In addition:

SRBS Interest Rate Reductions From 1/9/25:

Stafford BS Regular Saver (Issue 1) ~~~ NO CHANGE ~~~~ Remains at 4.4%.

clairec666

where_are_we said:

ForumUser7 said:

Virgin Money RS 6.5%

Is the maximum balance for this going to be 3250 (13x250)? Can't see anything restricting 13th payments, or stating a maximum balance.

Thanks

That`s my reading of it too. I have set up 12 SO`s for £250 (following opening deposit of £250) starting 1/9/25 ending 1/8/26. Maturity is 28/8/26 so that 13th payment of £250 will earn 6.5% for 28 days which makes it worth doing. I would imagine that 6.5% will look a good rate during August 2026.

I've had a good dig through the T&Cs and can't see anything about a maximum balance and a maximum number of deposits. Also given that all accounts run to a fixed end date, rather than being for an exact 12 month term, suggests that an August 26 deposit will be possible. You're right - 6.5% will probably be a rare thing come next August.

Kim_13

Hattie627 said:

For those with the open-ended Stafford BS Regular Saver (currently paying 4.40% variable, before the latest base rate drop), the following offer is now open:-

Dear [Customer Name],

We are pleased to offer members the option to make an extra contribution to their Regular Saver accounts. This offer allows you to build up your savings, in addition to your regular monthly payments.

Until 30 September 2025, you can add up to £12,000 per account on top of your usual monthly deposits. It is a simple way to make more of your Regular Saver accounts.

Starting to think this is an annual or bi-annual offer to be honest. They definitely offered it this time two years ago when they increased the monthly allowance from £500 to £1,000.

Good to know they aren’t cutting the rate this time, as they cut by more than the cut last time around. If I win big on the Premium Bonds next month, I’ll know where to start - but other than that, 4.4% still beaten by Skipton MBS for me (which will probably become 4.75% given it has just gone NLA.)

lyic

Darlington BS 12 Month Regular Saver (https://www.darlington.co.uk/savings-account/12-month-regular-saver/)

Now available at 6%

@Bridlington1

Hattie627

Kim_13 said:

Hattie627 said:

For those with the open-ended Stafford BS Regular Saver (currently paying 4.40% variable, before the latest base rate drop), the following offer is now open:-

Dear [Customer Name],

We are pleased to offer members the option to make an extra contribution to their Regular Saver accounts. This offer allows you to build up your savings, in addition to your regular monthly payments.

Until 30 September 2025, you can add up to £12,000 per account on top of your usual monthly deposits. It is a simple way to make more of your Regular Saver accounts.

Starting to think this is an annual or bi-annual offer to be honest. They definitely offered it this time two years ago when they increased the monthly allowance from £500 to £1,000.

Good to know they aren’t cutting the rate this time, as they cut by more than the cut last time around. If I win big on the Premium Bonds next month, I’ll know where to start - but other than that, 4.4% still beaten by Skipton MBS for me (which will probably become 4.75% given it has just gone NLA.)

Stafford RS

It's not a great rate for a Regular Saver but could be a holding place for short-term funds. Up to 4 penalty-free withdrawals per year allowed. They also now do FP withdrawals to nominated account. No need to send in passbook.

fergie_

Good that Natwest / RBS are not changing. I'd taken some money out of mine and put it back in at the end of the same month - except they credited it as being paid in on the 1st of the next month. So I'm back to utilising 5x PayPal round ups.