The Top Regular Savers Discussion Thread

Bridlington1

Dizzycap said:

exel1966 said:

flaneurs_lobster said:

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 

And as we're dealing with MONBS the app is currently down, undergoing maintenance !!!

Nah, app's fine. Opened the account in five minutes.

AND, they've removed the need for 2FA after biometric login.

All good.

You got lucky, it's down with a maintenance message and 2FA is still there if using PIN.

Our system is currently under maintenance, please accept our apologies for any inconvenience.

And so it remains so! Uninstalled the app 3 times since 5pm & still the same as above at 8.30pm   

If it's any consolation due to being at work I didn't get chance to apply before the app stopped working. I plan to just leave it till tomorrow and try again then.

subjecttocontract

Is it worth trying the App at say silly o clock, around 3am, when most people will have given up and gone to bed ?

jameseonline

Speculator said:

Just closed my Nationwide Flex Regular 3. Was due to mature in 20 days but needed the money to fund next months regular savers.

I just tried to reopen the Flex Regular 3 but computer says no. Anyone know how long before the system lets me open another Flex regular saver. Thanks. 

You'll have a job, the current version is 6🤣

BestSeagull

Just catching up with the MonBS news. Is the feeling that the system maintenance message is because of system overload rather than actual maintenance and when things calm down later on, it might work then?

trickydicky14

subjecttocontract said:

Is it worth trying the App at say silly o clock, around 3am, when most people will have given up and gone to bed ?

I think it might be best to get a good nights sleep and look at it tomorrow, I don't think it's going to vanish over the next 24 hrs.

jameseonline

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 

And as we're dealing with MONBS the app is currently down, undergoing maintenance !!!

They updated the app today, recently updated it

Kim_13

Whether the app might work in the night would depend on the reason for it being down now. If it is overloaded, then yes. If something has broken and needs IT teams to look on it, then perhaps the fix will only come in working hours (unless the teams are in a different time zone, I guess.)

friolento

clairec666 said:

Well, mine's up and running via the app without too much hassle. Can't help wondering though, have Monmouthshire really thought this through properly? I know others offer regular savers as a "loss leader", but the monthly limits mean they're not taking a massive hit per customer. Did someone at Monmouthshire add an extra zero by mistake?

I reckon there is a fair chance of that. Well done for getting in before they might correct it!

Bobblehat

BestSeagull said:

Just catching up with the MonBS news. Is the feeling that the system maintenance message is because of system overload rather than actual maintenance and when things calm down later on, it might work then?

I didn't download the App (for the 1st time) until 7.50pm tonight. 1st opening gave System Maintenance message, 2nd and subsequent opening messages said "Getting things ready" ... but then nothing after 10~20 mins, so abandoned it.

I'll try again tomorrow, dumping and reloading app if needed. I still prefer big screens and big keyboards, but  ....Hey! Ho! .... FOMO wins sometimes!

Section62

jameseonline said:

Section62 said:

....

Your potential loss from opening a new one now would be not having the maximum benefit from the 12-month term. But a less-than-maximum-benefit is a better outcome than no benefit at all, if you did miss out.  You could also consider repeating the closing/opening when you are ready to fund the account.

I don't have funds to start another which is why I'm closing it near enough a month early because I need to fund other regular savings at the start of September.

Nationwide have had several versions of the 6.5% account, the current version is 6, I'm closing a version 3 in a few days.

The Nationwide Regular only allows £200 to be paid in every month but Virgin Money allows £250 to be paid in every month.

There's no point in me opening a new account if I can't fund it properly.

Lots of us open new accounts we can't or don't (yet) want to fund.  As I said in my previous post, if Nationwide did stop doing the regular saver before you get round to applying for one then you miss out, and have to wait for the opportunity to come round again.

You don't need to have funds to make full monthly deposits. £1 is enough to open a new account, and other than the time taken, there is not much to lose by doing so.