The Top Regular Savers Discussion Thread

allegro120

poshrule_uk said:

I have only just seen there is a new Principality 6 month account.

If I open now or tomorrow will my funds be credited before the end of the month or will they go in Monday?

From t&c - "if sent on a non-business day (e.g., weekend or holiday), they’ll be processed on the next business day.  However, I've made weekend deposits for many years and they always arrived on the day.  So if you open and fund tomorrow your deposit should count towards this month.   

jaypers

poshrule_uk said:

I have only just seen there is a new Principality 6 month account.

If I open now or tomorrow will my funds be credited before the end of the month or will they go in Monday?

Principality payments in usually show within 2 hours regardless of weekday or weekend. I’ve often paid in on a weekend and it always goes in same day. Processed by Barclays and pretty sure they run a sweep every 2 hours to pick up the payments. 

HHUK

Hattie627 said:

I posted mine on Wed am (in time for uplift later that day at 6pm) but with second class stamp. Nothing showing on the app yet to suggest account open. Looks like I have missed out on August. Oh well, some you win, some you lose

Monmouthshire

Similar for me. I seem to recollect that when Monmouthshire's Christmas RS was the stand out account a few years ago they were inundated, which led to processing delays, and they treated applications as having been received the day after the date of the signature and/or cheque. Hoping they may do the same again, but que sera, sera.

Kim_13

HHUK said:

Hattie627 said:

I posted mine on Wed am (in time for uplift later that day at 6pm) but with second class stamp. Nothing showing on the app yet to suggest account open. Looks like I have missed out on August. Oh well, some you win, some you lose

Monmouthshire

Similar for me. I seem to recollect that when Monmouthshire's Christmas RS was the stand out account a few years ago they were inundated, which led to processing delays, and they treated applications as having been received the day after the date of the signature and/or cheque. Hoping they may do the same again, but que sera, sera.

Maybe for later applications, but mine was signed 24th November and opened 5th December.

s71hj

Bridlington1 said:

s71hj said:

janusdesign said:

for those thinking of applying for the Monmouthshire BS Branch Exclusive Regular Saver (Issue 1) by mail, just to let you know that I posted the completed application form 1st Class, along with a cheque, at 5pm on Wednesday and the account has just been added to the app this morning (Friday) - that's quicker than I expected... i've manually added the account to the MonBS online... many thanks to @Bridlington1 for mentioning the postal option and linking to the pdf.

the balance is still zero, so I guess the cheque won't clear now until next week and assume the opening date will be when its cleared rather than received - if that's the case, it should count as next month's deposit.

I posted applications for me and my wife Wed and had hoped for the same but nothing showing yet.. I guess it will be Monday now, fingers crossed 

There's a chance they could do it on Saturday but I'd imagine they may be getting rather a lot of applications at present. Just received a nice orange passbook for the account too.

My wife seems to have had a "Saver plus issue 2" appear but no balance or transactions. Is this what it goes under? 

drphila

Bridlington1 said:

rallycurve said:

Monmouthshire BS

Both the regular saver issue 8 (6%) and app/branch exclusive regular saver issue 1 (7%) pay interest at the end of the term according to the T&Cs:

• Interest is calculated daily and paid at the end of the 12 month term.

However I noticed on my online account that the next interest due date for both of these accounts shows as 31/03/2026.



Is this an error on the online system and the payment will be credited at the end of the term as per the t&c?
This will be important for many as it will fall in a different tax year as planned!

Also noticed that there is another more general regular saver terms and conditions where it states:

• The interest for this account is variable, calculated daily and paid once a year after 31 March.

Which seems to contradict the specific product t&cs. This document also says "Always refer to the specific Product Summary document before the Regular Saver Terms and Conditions" so I assumed the interest payment will be after the 12 month term??

Hoping this is only an error in the online system! Does anyone have past experience with this BS and can confirm what will happen with the interest payment?

I seem to recall this happened with their Coronation RS (launched in 2023) which stated interest would be paid on 31/3/24 in online banking. In my case interest wasn't paid in March and was instead paid when I closed the account in April 2024.

And with one or both of last year's 7/8% offerings. Clarified with them that it was end of term

allegro120

Kim_13 said:

HHUK said:

Hattie627 said:

I posted mine on Wed am (in time for uplift later that day at 6pm) but with second class stamp. Nothing showing on the app yet to suggest account open. Looks like I have missed out on August. Oh well, some you win, some you lose

Monmouthshire

Similar for me. I seem to recollect that when Monmouthshire's Christmas RS was the stand out account a few years ago they were inundated, which led to processing delays, and they treated applications as having been received the day after the date of the signature and/or cheque. Hoping they may do the same again, but que sera, sera.

Maybe for later applications, but mine was signed 24th November and opened 5th December.

Mine was quick too, opened on 3rd December. I've sent it to a small branch instead of head office. 

WillPS

MonBS Branch Exclusive 

Two application forms + cheques sent by post on Wednesday 1st Class. Both accounts now showing in respective apps, alongside the App Exclusives. Hopefully they'll backdate the deposit so they count as August but either way I'm happy.

Thanks again @Bridlington1

janusd

Chaykin said:

I have posted an application form and, although hesitant originally, also a cheque for £500.00 to MonBS head office in Newport (~200 miles by road from where I live) for their Branch Exclusive Regular Saver at around 6:00 PM on Wednesday night via 1st Class using a postbox with last collection at 7:00 PM. The account appeared on their app today at around 11:00 AM with a balance of £0.00. When I checked the app later in the day - around 6:30 PM - the £500.00 is now showing as in with a description "Cheque Receipt". Happy days! Impressed at the speed.

Another £500.00 going in on Monday via bank transfer.

yep same here now - the £500 has appeared in the account.

s71hj said:
My wife seems to have had a "Saver plus issue 2" appear but no balance or transactions. Is this what it goes under? 

no it should show "BRANCH EXCLUSIVE SAVER - ISSUE 1".

wrt the "Saver plus issue 2" - any chance this is an old account your wife opened years ago ? i've got a "Regular Saver Issue 2" showing in the app (not online) that was an account I opened a couple of years ago, never funded and was told by MBS was closed... if so, just ignore it.

s71hj

janusdesign said:

Chaykin said:

I have posted an application form and, although hesitant originally, also a cheque for £500.00 to MonBS head office in Newport (~200 miles by road from where I live) for their Branch Exclusive Regular Saver at around 6:00 PM on Wednesday night via 1st Class using a postbox with last collection at 7:00 PM. The account appeared on their app today at around 11:00 AM with a balance of £0.00. When I checked the app later in the day - around 6:30 PM - the £500.00 is now showing as in with a description "Cheque Receipt". Happy days! Impressed at the speed.

Another £500.00 going in on Monday via bank transfer.

yep same here now - the £500 has appeared in the account.

s71hj said:
My wife seems to have had a "Saver plus issue 2" appear but no balance or transactions. Is this what it goes under? 

no it should show "BRANCH EXCLUSIVE SAVER - ISSUE 1".

wrt the "Saver plus issue 2" - any chance this is an old account your wife opened years ago ? i've got a "Regular Saver Issue 2" showing in the app (not online) that was an account I opened a couple of years ago, never funded and was told by MBS was closed... if so, just ignore it.

Probably. In my obsessive checking I'm maybe seeing something that in fact was always there. It appears on a pdf if you Google it as a 2019 account