The Top Regular Savers Discussion Thread

Kim_13

Nick_C said:

Well when it works, the Monmouthshire app is an improvement on the web service.

I sent £50 to my new App Exclusive RS yesterday, and a further £950 to my old "easy saver".

This morning, I could see the funds in the app, and was able to move the £950 from my easy access account to the new RS.  The transfer did not happen immediately, but the balances have since been updated, and I can now see £1k in the RS through the app.

On the web page though, the new RS still shows a status of pending and a zero balance.

Good to know - hopefully this’ll speed up the process come maturity time, as previously it has been necessary to wait until the day after maturity to see the interest in order to withdraw to zero.

MarkFromCornwall

s71hj said:

My Progressive regular saver matured but I can't see how to withdraw money from it. The only option offered it to transfer funds to another Progressive account. Anyone have any tips! 

The last entry in the list of accounts you can withdraw to should say "nominated account".  If you aren't seeing that try clicking on "Edit linked bank account" to see whether you have a nominated account set up.

35har1old

MarkFromCornwall said:

s71hj said:

My Progressive regular saver matured but I can't see how to withdraw money from it. The only option offered it to transfer funds to another Progressive account. Anyone have any tips! 

The last entry in the list of accounts you can withdraw to should say "nominated account".  If you aren't seeing that try clicking on "Edit linked bank account" to see whether you have a nominated account set up.

Have you any other accounts one might have a nominated account attached if so don't ask for a closure transfer if you want the money immediately transfer the bulk and the money will transfer almost immediately and then send to nominated account then request closure transfer.Check back the next day to see if the account closure request has occured

Speculator

allegro120 said:

liamcov said:

For the previous Monmouthshire, my online banking is showing 2 accounts (must be from online then app applications). Has this happened to others? Have you been funding both? Is that allowed? 

Yes, exactly the same. I've tried to fund both, but only one of them is accepting deposits.

I have two and have so far fully funded both accounts.

Speculator

Going to start reducing my monthly payments to regular savers that are maturing soon. Maybe refresh Newcastle again. Need to redirect funds to our Monmouthshire 7% & 6% accounts. 

Going to start with the Market Harborough 6% maturing 30/11 

WillPS

Speculator said:

Going to start reducing my monthly payments to regular savers that are maturing soon. Maybe refresh Newcastle again. Need to redirect funds to our Monmouthshire 7% & 6% accounts. 

Going to start with the Market Harborough 6% maturing 30/11 

Similar situation - although I'm a little concerned that's going to screw up the carousel I've tried to line up where our saved funds mature throughout the year. I'm reassuring myself that there are easy access options we don't make maximal use of currently (notably Santander Edge) and a bird in the hand is worth two in the bush.

I suspect the 7% rate will only last as long as the base rate holds out as well, although how far the rate drops beyond the base rate's is anybody's guess.

CrunchyNutCornflakes

I'd registered for the Monmouthshire 6% monthly saver but not funded it. I've just registered for the 7% app exclusive saver, which I'll fully fund. Can I ignore the 6% saver and leave it unfunded?

WillPS

CrunchyNutCornflakes said:

I'd registered for the Monmouthshire 6% monthly saver but not funded it. I've just registered for the 7% app exclusive saver, which I'll fully fund. Can I ignore the 6% saver and leave it unfunded?

You need to put £1 in to ensure it isn't closed after 30 days.

clairec666

WillPS said:

CrunchyNutCornflakes said:

I'd registered for the Monmouthshire 6% monthly saver but not funded it. I've just registered for the 7% app exclusive saver, which I'll fully fund. Can I ignore the 6% saver and leave it unfunded?

You need to put £1 in to ensure it isn't closed after 30 days.

Doesn't necessarily mean that the 7% regular saver would be closed too, but it's worth putting the £1 in to avoid the risk.

jameseonline

CrunchyNutCornflakes said:

I'd registered for the Monmouthshire 6% monthly saver but not funded it. I've just registered for the 7% app exclusive saver, which I'll fully fund. Can I ignore the 6% saver and leave it unfunded?

Depends on the terms, worst case scenario is they close the 6% because you didn't fund it