The Top Regular Savers Discussion Thread

jameseonline

Bob2000 said:

Just some opinions, please.
I currently  have three issue 3's of the principality: 6-month regular savers, which all mature over the next three months.
My plan was to transfer all the funds over to my online bonus triple access (issue 7) and then let it sit until it matures. But with the issue 4 6 month RS being released, l'm not so sure now.

My reasons is later in the year/next year use the funds to fund the Monmouthshire app exclusive 7%

Not sure tbh, all depends on various things like are Principality going to keep letting us convert maturing 6 months into new versions?, is Monmouthshire going to stay at 7%/6%?, are Monmouthshire or Principality likely to axe the accounts?

My plan is to gradually move pretty much everything into Monmouthshire at 7%, but that rate could go down at any point, at least it seems you can take money out at any point though.

I'm lucky in the fact I've got a few regular savers maturing over the next few months + some I can gradually empty + some I can just close to free up funds.

flaneurs_lobster

Bob2000 said:

Just some opinions, please.
I currently  have three issue 3's of the principality: 6-month regular savers, which all mature over the next three months.
My plan was to transfer all the funds over to my online bonus triple access (issue 7) and then let it sit until it matures. But with the issue 4 6 month RS being released, l'm not so sure now.

My reasons is later in the year/next year use the funds to fund the Monmouthshire app exclusive 7%

My rule of thumb is easy, hold your funds where they are making the highest return possible.

Thus the PrinBS RS issue 4 pays 7.5% and will hopefully be available as a maturity option for the issue 3s, more than the other options you quote.

masonic

s71hj said:

Monmouthshire building society app closed for maintenance again. Have they opened another amazing product we've all missed that has led to overload again!! 

Back online again now. My opening deposit made yesterday is showing as credited. I can now close down the app for the foreseeable.

roked

I popped into my local monmouthshire building society branch this afternoon expecting to queue's of people there trying to open up the new RS. There was no-one and I asked the guy there if many people had been in to open one and he said I was the first and he had been there all week 

They clearly need to employ people like @Bridlington1 (thank you again for your amazing efforts here!) to get their local marketing sorted 

Anyway I was happy in that I was done and dusted in 10 mins. It only took that long, as he was reading the T&Cs of the account and checking if I could have more than one of the RS (vs online version) and he commented on the conflicting info lol. He opened it though and I did not even have to give a deposit, he was good with me bank transferring it myself later.

Aidanmc

I can't join in the Monmouthshire party....NI residents excluded!
Can't think of any other bank/bs that has such an outright exclusion. 

Stolas

Aidanmc said:

I can't join in the Monmouthshire party....NI residents excluded!
Can't think of any other bank/bs that has such an outright exclusion. 

That really is quite annoying. 

friolento

seen a few but can't remember now which ones they were. I have a dim recollectionTesco was one of them.

There are also limitations the other way round: Danske Bank, for instance, does not admit people from England/Wales/Scotland.

OneUser1

Swansea Building Society savings accounts are for Wales residents only. Vernon Building Society are usually locals only but sometimes let anyone in. Cumberland Building Society are usually locals only. It’s annoying when a society offers a good regular saver but won’t let "foreigners" in… But there it is. 

Hattie627

friolento said:

seen a few but can't remember now which ones they were. I have a dim recollectionTesco was one of them.

There are also limitations the other way round: Danske Bank, for instance, does not admit people from England/Wales/Scotland.

I opened my Danske Bank reward current account by phone from mainland UK in July 2018 (before restriction to NI residents came in). I've been earning a nice £36 net per year (£3 net per month) since then for little effort. Keep thinking they will end/reduce the cash reward but it just keeps on going 

Sorry, off topic!

friolento

OneUser1 said:

Swansea Building Society savings accounts are for Wales residents only. Vernon Building Society are usually locals only but sometimes let anyone in. Cumberland Building Society are usually locals only. It’s annoying when a society offers a good regular saver but won’t let "foreigners" in… But there it is. 

That's right, there are many Regular Savers which are only available to people in the local postcode are of the Building Society. Living in the Southwest, I am excluded from most of them as they seem to be mainly be north or east of Watford