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The Top Regular Savers Discussion Thread

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Comments

  • WillPS
    WillPS Posts: 5,273 Forumite
    Part of the Furniture 1,000 Posts Newshound! Name Dropper
    10_66 said:
    WillPS said:
    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). 
    I haven't got past the system maintenance page over the past 2 hours.
    Have you updated the app?
  • WillPS
    WillPS Posts: 5,273 Forumite
    Part of the Furniture 1,000 Posts Newshound! Name Dropper
    Bob2000 said:
    Monbs app/branch exclusive  Regular Saver  7% £1000/£500 

    So l have the 12 month RS at 6% £500 per month, Can l apply  for this account too? 
    Also it says on the information section minimum £0 Max £500 (branch) but then goes on to say minimum  £50 per month?
    Nothing to say you can't (yet!). I have a funny feeling they'll do a Saffron with this.
  • Kim_13
    Kim_13 Posts: 3,682 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    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?
    Coventry Loyalty Issue 3. At 5% it was never the best rate but it had a prize draw if £100 was deposited so several forumites opened it for this reason.
  • brucefan_2
    brucefan_2 Posts: 232 Forumite
    Ninth Anniversary 100 Posts Name Dropper Combo Breaker
    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?
    You may feel happy not to have had a letter.

    I did eventually get one - tried to login with the user name and password I had originally set (and which had got me at one point to my account dashboard) only to be faced with Password/Username not recognised issue - please register for an online account.

    And yes, I do now very much regret trying to re-register - apparently I now have another letter on its way to me and I still can't get past the app screen inviting me to use one of two non-existent options for 2FA.

    This has not been the smoothest of on-boarding experiences.
    £6000 in 2023
  • 10_66
    10_66 Posts: 3,499 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    WillPS said:
    10_66 said:
    WillPS said:
    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). 
    I haven't got past the system maintenance page over the past 2 hours.
    Have you updated the app?
    I had the previous version and couldn't log on after making numerous attempts.  I updated it to the new version and still can't log on.  
  • PowerSavingMode
    PowerSavingMode Posts: 333 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    WillPS said:
    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). 
    I can confirm the same. After 40 minutes and nine attempts later, I managed to open MonBS App Exclusive Regular Saver (7%). I'm persistent, if not stubborn. :)
  • ThePirates
    ThePirates Posts: 400 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    Android App updated, still asking for 2FA but with no choices...
    Then goes to Maintenance screen 🤦
  • s71hj
    s71hj Posts: 872 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    mhoc said:
    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) 
    I think the magical introduction of flexible ISAs combines rather nicely with this account as I can pull funds out of the various ones I've funded and replace pre April. So thanks Rachel Reeves. 
  • PowerSavingMode
    PowerSavingMode Posts: 333 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Bob2000 said:
    Monbs app/branch exclusive  Regular Saver  7% £1000/£500 

    So l have the 12 month RS at 6% £500 per month, Can l apply  for this account too? 
    Also it says on the information section minimum £0 Max £500 (branch) but then goes on to say minimum  £50 per month?
    MonBS App Exclusive Regular Saver (7%) 

    I have both now, so you could give it a go... I think the £50 refers to the minimum operating balance.
  • masonic
    masonic Posts: 27,875 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Android App updated, still asking for 2FA but with no choices...
    Then goes to Maintenance screen 🤦
    I think after you open the new account, something about it causes the app to crash into maintenance mode.
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