The Top Regular Savers Discussion Thread

Bridlington1

clairec666 said:

exel1966 said:

subjecttocontract said:

I can't summon up any enthusiasm to attempt to deal with MBS, I've got better things to do than play guinea pig for their app development. I'll leave it at least a few days to see if things settle down. Good luck to those who want to try.

The later in the month you leave to fund it initially, the more profitable it is too.

Usually I wouldn't bother messing around with opening dates, but the £1000 a month limit would make it worthwhile. You could have £2000 earning 7% effectively for a whole year.

Also worth noting Monmouthshire BS accounts go by the date of first deposit when it comes to determining the end date for the account term, in other words if you opened the account now and then delayed funding till the end of the month it would be treated as having been opened at the end of the month.

Bridlington1

Just a reminder the following interest rate cuts come into effect tomorrow:

Account	Old rate	New rate	Date
Aldermore Regular Saver Account Issue 1	4.75%	4.50%	22/08/2025
Aldermore Regular Saver Account Issue 2	4.75%	4.50%	22/08/2025
Aldermore Regular Saver Account Issue 3	4.75%	4.50%	22/08/2025

mhoc

Monmouth still have the maintenance message for me. 
I've still not had any letters from Monmouthshire regarding the 1st regular saver I opened  nearly 4 weeks ago.
I also cant log in online despite having reset my log in details twice recently but I've been putting off ringing.

Yes this monthly limit of £1000 needs a rethink as to where to find without having cashflow issues - basically it means maybe four regular savers with poor savings rates below 5% have to have their monthly deposits reduced to the minimum until they mature or stop funding until they mature.

Yorkshire Christmas savers and Yorkshire esavers come to mind - please can I ask what is the minimum deposit for these please - they only have 2 pay dates left until maturity. 
(Already reduced Leek, Stafford and Coventry to the minimum) 

csw5780

£1000 a month? Has the IT guy mistakenly put the “sandbox” development system LIVE?

10_66

masonic said:

10_66 said:

OrangeBlueGreen said:

Controlthenarrative said:

Monmouthshire Building Society

App Exclusive for existing customers prior to 20.08.25

£50 min £1000 max per month. Maximum balance £12k.

7% Variable

Under exclusive accounts in app 

This seems very generous but I'm still not over the previous one. More or less a month later and I've had no letter to confirm it's all open. I notice this is app only though so should hopefully be more straightforward. Do we think they've launched this because of all the issues?

I can not understand why on earth they have put another app only account on offer when they know full well what the accessibility issues are with the app.

As an incentive to beta test it?

Maybe, but I think they already know the app's flaws and they remain, so if they haven't been ironed out, they're just wasting people's time.

WillPS

Crikey. £1500/month in MonBS at 7% potentially.

Might have to make another trip to the border!

PowerSavingMode

flaneurs_lobster said:

subjecttocontract said:

flaneurs_lobster said:

subjecttocontract said:

I closed mine this week without a penalty.

I don't doubt your experience for a moment but the wording of the rate reduction letter reads somewhat ambiguously 

If you decide to close your account because of this rate change, you can do so without notice, charge, or loss of interest within 30 days of the effective date.  

Is that a 30 day window after 1 Sep or a 60 day window, 30 days either side of 1 Sep?

Your closure this week without penalty suggests the latter, although I would have interpreted the wording as meaning the former.

I only had £100 in the account so the interest payment was small but there was no deduction. So, I assume it's 30 days either side of the interest rate reduction.

Fair enough, I've got £2k+ so think I'll follow @Kim_13 's lead and leave it alone 'till next month.

Which RS is this, please?

WillPS

For those struggling with the MonBS app, if you persevere through the seemingly endless 'loading animations' and random logouts you will eventually be able to get the account opened. Make sure you keep the screen active when on the 'application in progress' screen.

It's incredibly fragile but it will eventually work (took my wife about 40 mins and me about an hour). 

mon3ysav3r

mon3ysav3r said:

I am an existing Monmouthshire BS online customer who uses the website for a Regular Saver Issue 8.

If I login to the app using the "Existing Customer" button will it stop me from using the website myaccounts.monbs.com online access?

To answer my own question I can still see the Regular Saver Issue 8 using the website myaccounts.monbs.com online access even after registering to use the Monmouthshire BS phone app.

I can not see the new App Exclusive Regular Saver Issue 1 that I have just opened (using the app) on the website myaccounts.monbs.com online access (yet?), but I can see it in the Monmouthshire BS phone app.

subjecttocontract

You have far more patience than me.