The Top Regular Savers Discussion Thread

liamcov

chris_the_bee said:

trickydicky14 said:

schiff said:

Monmouth
Posted my application and £500 cheque for the Branch RS by FCP on Friday 29/8. Received acknowledgement and pass book last week with a start date of 3/9 but the cheque has still not been cleared! Unfortunately the waiting £500 has been in a no interest current account.

I think being able to get round the rules and not having to go to a branch to open this account I would be happy to lose a few days interest on my £500. And I think you could have opened the account without sending a cheque. 

trickydicky14 said:

schiff said:

Monmouth
Posted my application and £500 cheque for the Branch RS by FCP on Friday 29/8. Received acknowledgement and pass book last week with a start date of 3/9 but the cheque has still not been cleared! Unfortunately the waiting £500 has been in a no interest current account.

I think being able to get round the rules and not having to go to a branch to open this account I would be happy to lose a few days interest on my £500. And I think you could have opened the account without sending a cheque. 

Monmouth
Yes, I successfully opened mine by adding "to be funded by bank transfer once account is open" to the top of the application form.

Me too, although on checking the product webpage for my records, it now states:

Not suitable for you if:

   You want to open this account over the phone, via the MonBS app or by post.

So they may have recently added that after getting a flurry of postal claims??

Bob2000

friolento said:

Bob2000 said:

flaneurs_lobster said:

Bob2000 said:

MonBS APP EXCLUSIVE  RS 7%

Would MonBS close the account  because of non-app use?

If it were any other building society then I would say "No way" but..... 

Well l thought  I'd contact the people who would know but in the end decided  to get in touch with Monmouthshire instead!

What did they say?

Just had a read of the message sent from Monbs. Said you don't need the app once opened as you can use/see your transactions online. BUT the guy did say if you delete the app they MAY close the account.

Section62

Bob2000 said:

friolento said:

Bob2000 said:

flaneurs_lobster said:

Bob2000 said:

MonBS APP EXCLUSIVE  RS 7%

Would MonBS close the account  because of non-app use?

If it were any other building society then I would say "No way" but..... 

Well l thought  I'd contact the people who would know but in the end decided  to get in touch with Monmouthshire instead!

What did they say?

Just had a read of the message sent from Monbs. Said you don't need the app once opened as you can use/see your transactions online. BUT the guy did say if you delete the app they MAY close the account.

Interesting... as there was nothing I saw in the T&C's saying you had to keep the app active as a condition of holding the account, nor anything saying they could close the account if you deleted the app.

And given how flaky the app seems to be, requiring non-deletion wouldn't seem to be a reasonable condition.

moi

liamcov said:

Me too, although on checking the product webpage for my records, it now states:

Not suitable for you if:

   You want to open this account over the phone, via the MonBS app or by post.

So they may have recently added that after getting a flurry of postal claims??

It's said 'not suitable...by post' since whenever the App & Branch Exclusives were first mentioned here.  After learning of the Exclusives here, I started an application form for the "branch" version, planning to post, only to then notice 'not post.' So I abandoned the form.
Later, of course, good old Bridlington tested the waters , & the rest is history....

chris_the_bee

liamcov said:

chris_the_bee said:

trickydicky14 said:

schiff said:

Monmouth
Posted my application and £500 cheque for the Branch RS by FCP on Friday 29/8. Received acknowledgement and pass book last week with a start date of 3/9 but the cheque has still not been cleared! Unfortunately the waiting £500 has been in a no interest current account.

I think being able to get round the rules and not having to go to a branch to open this account I would be happy to lose a few days interest on my £500. And I think you could have opened the account without sending a cheque. 

trickydicky14 said:

schiff said:

Monmouth
Posted my application and £500 cheque for the Branch RS by FCP on Friday 29/8. Received acknowledgement and pass book last week with a start date of 3/9 but the cheque has still not been cleared! Unfortunately the waiting £500 has been in a no interest current account.

I think being able to get round the rules and not having to go to a branch to open this account I would be happy to lose a few days interest on my £500. And I think you could have opened the account without sending a cheque. 

Monmouth
Yes, I successfully opened mine by adding "to be funded by bank transfer once account is open" to the top of the application form.

Me too, although on checking the product webpage for my records, it now states:

Not suitable for you if:

   You want to open this account over the phone, via the MonBS app or by post.

So they may have recently added that after getting a flurry of postal claims??

Monmouth
That condition has always been there as it is a Branch Exclusive account, however........

Hattie627

Suffolk Building Society

I have opened the new Suffolk BS One Year Online Fixed Rate Regular Saver (30/11/26) at 5% fixed. Arguably the rate is not great and doesn't bear comparison with recent offerings by Monmouthshire BS, but it is fixed for 15 months. With base rate now at 4% and on a downward trajectory, it's worth having.

Hattie627

Yorkshire BS £50 Regular Saver

Opened on the first day of issue last year (10/09/24). Interest of £27.06 now credited (0200 hours, 9th September 2025). Account closed at £627.06 and funds moved out (due in current account on 10th).

Although the rate of 8% was impressive, the return is less than exciting after a year's saving. Still, every penny counts.

clairec666

Hattie627 said:

Yorkshire BS £50 Regular Saver

Opened on the first day of issue last year (10/09/24). Interest of £27.06 now credited (0200 hours, 9th September 2025). Account closed at £627.06 and funds moved out (due in current account on 10th).

Although the rate of 8% was impressive, the return is less than exciting after a year's saving. Still, every penny counts.

Just think of it this way - each £50 deposit was earning a better rate than it could elsewhere.

Everyone's got their own criteria for whether a regular saver account is "worth it" compared to the admin involved. If I wasn't already a YBS customer I'd probably forego another 8% offering (if they offer it!) and sacrifice 1/8 of the interest to put it into Monmouthshire instead (which I'm unlikely to be able to fully fund each month). As I'm not a new YBS customer, admin will be minimal so I'll probably snap up anything they offer if it's over 7%.

flaneurs_lobster

Section62 said:

Bob2000 said:

friolento said:

Bob2000 said:

flaneurs_lobster said:

Bob2000 said:

MonBS APP EXCLUSIVE  RS 7%

Would MonBS close the account  because of non-app use?

If it were any other building society then I would say "No way" but..... 

Well l thought  I'd contact the people who would know but in the end decided  to get in touch with Monmouthshire instead!

What did they say?

Just had a read of the message sent from Monbs. Said you don't need the app once opened as you can use/see your transactions online. BUT the guy did say if you delete the app they MAY close the account.

Interesting... as there was nothing I saw in the T&C's saying you had to keep the app active as a condition of holding the account, nor anything saying they could close the account if you deleted the app.

And given how flaky the app seems to be, requiring non-deletion wouldn't seem to be a reasonable condition.

Short of you ringing up MonBS and stating "I have deleted the app" I don't believe that there is any way that they can ascertain if you have deleted the app or not. Could make this product app access only I guess or impose a "you must log on via the app every x months" rule but they haven't. 

Stargunner

poshrule_uk said:

My HSBC regular saver finishes today. Will it be quicker to get my funds if I message them today to close my account?

My HSBC RS matured today Checking in the app this morning it has become a PREF REG SAVER paying 1.3% interest. The £115 interest had been added and I transferred all the funds to my HSBC Advance account and then withdrew them.
I will use the online chat later today to close the account.