The Top Regular Savers Discussion Thread

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.

HHUK

HHUK said:
I submitted my closure form online about a week ago, since when I've heard nothing ... I tried the online chat but found it worse than useless, so decided to call the number mentioned at the end of the chat: 0800 028 4836.

Spoke with an extremely pleasant, friendly and helpful agent, who was unable to locate my closure request. She said she'd action the closure again from scratch, and that it could take 3-5 working days, on account of the volume of such requests they've received. If it happens quicker than that, it will be because the form had in fact turned up and been processed.

Virgin RS Final Interest Payment

Interest of £24.94 has just arrived in my Virgin M Plus current account, less than four hours after I called them. As much as I would love to believe this was down to my irresistible charm on the phone, I imagine it's more likely that the form I submitted last weekend eventually found its way through their systems.