The Top Regular Savers Discussion Thread

Kim_13

Worked for me on the old version of the app, account opened then read that 2FA had been removed so downloaded the update and since then nope. Never mind, I have a screenshot with the details and wasn’t planning to fund until tomorrow when COP should work. 

10_66

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.

masonic

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?

subjecttocontract

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.

masonic

Kim_13 said:

Worked for me on the old version of the app, account opened then read that 2FA had been removed so downloaded the update and since then nope. Never mind, I have a screenshot with the details and wasn’t planning to fund until tomorrow when COP should work. 

Thanks for the tip, had the update queued to install, just cancelled it. They should have also sent you an email with the details.

OrangeBlueGreen

All I’m getting is the maintenance screen.

exel1966

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.

clairec666

Well, thanks Monmouthshire, I had my regular saver strategy all worked out, and now you've forced me to re-plan it all over again. Up to £1000 a month at 7% with unlimited withdrawals... can't turn it down really.

... although the app's now kicked me out with an apology message about maintenance, so I'll have to wait.

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.

subjecttocontract

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.

That couldn't be clearer.......it means within 30 days of the effective date. We are within 30 days of the effective date. If they wanted it to mean after the effective date it would say after. 

Bridlington1

exel1966 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 

There is also a Branch/Agency Exclusive RS1 up to £500pm at 7% available to members prior to 20/08

• Accounts are limited to 1 per customer, this can be sole or joint. There is no limitation to having this Regular Saver alongside other Regular Saver accounts.

I can't seem to see anything in the terms that exclude you opening both the Branch RS and the App RS unless I'm missing something.

The closest I can find is:

Which doesn't rule out opening both a Branch Exclusive Regular Saver and an App Exclusive Regular Saver.