The Top Regular Savers Discussion Thread

flaneurs_lobster

Gers said:

FishInGlass said:

PowerSavingMode said:

Bobblehat said:

PowerSavingMode said:

Nick_C said:

...

Doesn't seem to be any option in the app to close the second account.  Will leave it unfunded, and message them once things have calmed down....

Monmouthshire BS App Exclusive Regular Saver - Issue 1 (7%)

If it's showing in the 'Your Accounts' section of the website, once logged in, you can usually close by viewing the account ('Details') and selecting 'Account Closure' on the left. Not sure if you can add this account to the 'Your Accounts' section if not showing, you usually can with non-app savers.

Mon CS said only add the Exclusive RS you wish to fund to the online accounts ... leave the one you don't need, off the online system. I did what they said!

It's so odd, isn't it? I now have the situation where I have one or two accounts showing online only, one or two on the app only, and one or two on both! 

 Additionally the cog to the right of that allows you to turn off the display which I have done for my closed accounts. This now matches what I see in the app.

That's the most useful thing I've read in two days! Many thanks for posting it  

Yes, agree. Had no idea, well done for finding it.

mebu60

I've only checked back three pages which are all MONBS so apols if this has already been covered.

Principality 6 Month RS Iss 2, mine matures 3/9. Also have EA Iss 7, Christmas RS and 6 Month RS Iss 3.

Maturity option selected to convert the RS Iss 2 into (another) RS Iss 3 at 7.5% AER fixed and pay in £200 on 3/9. Balance of £1k + interest selected pay into different Principality account, dropdown only offered existing RS Iss 3! I selected that in order to progress but clearly not possible as limited to £200 pcm (and that will have gone in on 1/9). Have sent secure message requesting change destination of mat balance to EA.

Anyone else had this anomaly? 

infoadict

I know the terms and conditions for the Monsbs App Reg Saver say you had to have been a member on 20/8/2025. However my wife wasn't and today she just applied for the Reg Saver Issue 8 @ 6%. Once approved she tongue in cheek the applied for the App reg Saver at 7% and was similarly approved. Both are showing showing in the app.

jameseonline

clairec666 said:

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.

I think you might have missed the fact I don't currently have funds to replace the Nationwide Regular that I'm currently closing early to fund others next month, Monmouthshire have now launched new accounts which has now shaken up the regular saver game on top of what I planned to do, I believe it's £500 per month for app version & £500 for branch version not £1000 per month for a single account?

wmb194

jameseonline said:

clairec666 said:

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.

I think you might have missed the fact I don't currently have funds to replace the Nationwide Regular that I'm currently closing early to fund others next month, Monmouthshire have now launched new accounts which has now shaken up the regular saver game on top of what I planned to do, I believe it's £500 per month for app version & £500 for branch version not £1000 per month for a single account?

Mon BS Exc RS - 7%
 
No, £1,000pm for the app version. 

https://www.monbs.com/savings/app-exclusive-regular-saver/

s71hj

Is anyone who accidentally ended up with x2 Monmouthshire app regular saver accounts planning on having a go at funding both? 

Ed-1

infoadict said:

I know the terms and conditions for the Monsbs App Reg Saver say you had to have been a member on 20/8/2025. However my wife wasn't and today she just applied for the Reg Saver Issue 8 @ 6%. Once approved she tongue in cheek the applied for the App reg Saver at 7% and was similarly approved. Both are showing showing in the app.

To be a member you just had to have held an account before with them by 20/08/25, even if it had since been closed.

Section62

jameseonline said:

clairec666 said:

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.

I think you might have missed the fact I don't currently have funds to replace the Nationwide Regular that I'm currently closing early to fund others next month, Monmouthshire have now launched new accounts which has now shaken up the regular saver game on top of what I planned to do, I believe it's £500 per month for app version & £500 for branch version not £1000 per month for a single account?

We get the point you don't have the money to fully fund the accounts.

But you seem to be missing the point that you don't have to fully fund them.

There's nothing 'pathetic' about opening a high interest RS account and putting £1 in it, if it means you have one of those accounts opened and available for funding if circumstances change.  The best overall strategy is typically trying to fund those accounts paying the higher rates, even if only partially funded, rather than trying to full fund an account with a lower interest rate.

The £1000 pay-in for the new MonBS @7% means it would be better paying the £250 you would otherwise put in the VM RS into the MonBS account, even though you wouldn't (currently) be able to fully fund it each month.  Avoiding the MonBS account because you don't have £1000 this month would probably be an error.

Which accounts you open and how much you fund each one by is obviously up to you.  We're just trying to explain - in the spirit of MSE - that the strategy you've adopted isn't the one which is likely to get you the best overall return.  And even if you aren't interested, hopefully other people reading the thread won't go away from it in the mistaken belief that only opening accounts you can full fund is any kind of requirement.

surreysaver

Not paying into a high interest regular saver because you cannot fully fund it is like saying you're not going to put any money into an ISA because you cannot afford the full year's £20k allowance (even though funding regular savers is likely to be more beneficial than funding ISAs)

Bobblehat

s71hj said:

Is anyone who accidentally ended up with x2 Monmouthshire app regular saver accounts planning on having a go at funding both? 

Not me! Seen too many get themselves in knots with such shenanigans!