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The Top Regular Savers Discussion Thread

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Comments

  • s71hj
    s71hj Posts: 870 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    Is launching a highly lucrative app only account and almost immediately closing the app for maintenance a regular saver variation on the dead cat strategy in politics. Get yourself noticed and hold that attention in a... kind of irritating but compelling way. Sort of a combination of this and the "!!!!!! teaser" in popular culture 
  • clairec666
    clairec666 Posts: 726 Forumite
    500 Posts Name Dropper
    jameseonline said:
    I don't fund regular saver accounts with a pathetic £1 & leave them alone, if I get a regular saver I fully fund EVERY month, then close if I need to free up funds.
    Might be worth changing your stance about fully funding. If you can't put the full £1000 into the new Monmouthshire, it's still worth putting in, say, £200 per month. And at a higher rate than Nationwide for example.
    I doubt I'll be able to put in £1000 most months, even with dropping lower rate accounts, so I'll start with £100 this month and only add more if it's not too much hassle.
  • Kim_13
    Kim_13 Posts: 3,681 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 22 August at 12:40AM
    It does seem a very bad move to have done a Skipton (and Dudley) in terms of the eligibility criteria being to have been a member since the day before the account launched. As they launched the open to all version first, it was only ever going to lead to a repeat in that Monmouthshire were overwhelmed with applications then, and all of those people will by default be eligible for the new 7% version (unless they gave up in the process of trying to open the 6% RS.) And unless savers have a lot of spare funds, many recently opened accounts will not now be seeing any use as they are ditched for the Exclusive version. 
  • gt94sss2
    gt94sss2 Posts: 6,216 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    masonic 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?
    Originally it was just an intermittent issue, so probably overload. Suspect they may have taken it down at the end of the day as a precaution, given the way things were going.
    The Android app has of the order 1000 total downloads. I guess iOS will be of the same order. Only a fraction will be active users. It's hard to believe there is a persistent volume of customers pounding on it unsuccessfully for hours on end. Most would give up fairly quickly.
    While the Android app has been updated so that the 2FA issue has been fixed, I suspect it has introduced new issues which have increased the load on their servers 

    For instance, if you change focus from the MonBS app to something else and then switch back, you are forced to login again..
  • Chaykin
    Chaykin Posts: 123 Forumite
    Part of the Furniture 100 Posts Name Dropper Photogenic
    edited 22 August at 7:40AM
    MonBS: I'm one of those that managed to open the 6% RS Issue 8 with the app no problem, and funded it in July & August without issues too. The only persistent hassle was a double SMS code in order to log-in.

    Tried to open the (automatically updated) app this morning to open the new shiny 7%-er but all I get now is "We are undergoing system maintenance." straight away after opening the app.
  • clairec666
    clairec666 Posts: 726 Forumite
    500 Posts Name Dropper
    Kim_13 said:
    It does seem a very bad move to have done a Skipton (and Dudley) in terms of the eligibility criteria being to have been a member since the day before the account launched. As they launched the open to all version first, it was only ever going to lead to a repeat in that Monmouthshire were overwhelmed with applications then, and all of those people will by default be eligible for the new 7% version (unless they gave up in the process of trying to open the 6% RS.) And unless savers have a lot of spare funds, many recently opened accounts will not now be seeing any use as they are ditched for the Exclusive version. 
    I am unlikely to be able to fund the 6% account for a couple of months at least, now that the 7% account has come along. If they wanted to reward truly loyal customers they should have specified an earlier cut off date for membership, i.e. before the 6% account became available.
    Oh well, shouldn't criticise as I'm getting a pretty good deal here!
  • BestSeagull
    BestSeagull Posts: 260 Forumite
    100 Posts Second Anniversary Photogenic Name Dropper
    MonBS I was hoping they would switch the app back on before 9am to save a deluge of calls but looks like that's not going to happen!
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