The Top Regular Savers Discussion Thread

35har1old

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??

Those terms have always been on the account 

35har1old

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.

Perhaps they are going down the app verification route to gain access to there online portal in the future

Bobblehat

35har1old said:

flaneurs_lobster said:

happybagger said:

Given that they gave notification of an incoming reduction of this account to 4.85% some time ago, it's disappointing the email doesn't say as such

Disappointing? That's borderline misleading, and at best sly and underhand, not to mention that timetabled rate cut.

And it's a poor rate regardless of the cut.

As soon as you ask for more information the rate reduction is highlighted at the top of the page

If you are implying that as being "open", then why don't YBS mention the rate cut in the email, either specifically, or even generally?

35har1old

friolento said:

Stargunner said:

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. 

Mine has also turned into a PREF REG SAVER but I am unable to transfer anything out of this account

What system where you using to view account ? Laptop or App

35har1old

clairec666 said:

Bridlington1 said:

Monmouthshire BS	Regular Saver Issue 4	C	Unlimited	3.40%	V	£0	£350
Monmouthshire BS	Regular Saver Issue 5	C	Unlimited	3.40%	V	£0	£350
Monmouthshire BS	Regular Saver Issue 6	C	Unlimited	3.40%	V	£0	£350
Monmouthshire BS	Regular Saver Issue 7	C	Unlimited	3.40%	V	£0	£350

I'm noticing that these are far lower than Monmouthshire's current offering. Any idea whether they started at a decent rate and dropped off, or has the rate stayed fairly stable in line with the base rate? (Just trying to second guess what might happen with the current 6% and 7% accounts - although as both have unlimited withdrawals I can just pull the money out if they slash the rate too much.)

One of the recent ones started up at 6% and matured at 4.9% 
The recent ones sort of put a question mark as to why the reduction took place the reduction was beyond what the BOE had reduce the rate by 

happybagger

Bridlington1 said:

In addition they've announced the following cuts to their savings rates:
...

Account	Old rate	New rate	Date
Suffolk BS Online 1 Year Variable Rate Regular Saver (30.09.2025)	4.75%	4.60%	01/10/2025

Odd for them to say this account will reduce on 1/10, given that it matures the day before anyway

Bridlington1

happybagger said:

Bridlington1 said:

In addition they've announced the following cuts to their savings rates:
...

Account	Old rate	New rate	Date
Suffolk BS Online 1 Year Variable Rate Regular Saver (30.09.2025)	4.75%	4.60%	01/10/2025

Odd for them to say this account will reduce on 1/10, given that it matures the day before anyway

They haven't announced this account changing rate, apologies, I shall amend the offending post.

Money_Grabber13579

35har1old said:

nomorekids said:

topyam said:

Just noticed Monmouthshire exclude Northern Ireland

That's bad, discriminatory even, poor NI savers

Ni saver holding 1 app regular and 2 6% regular savers

Did you use an NI address for the application, or do you have access to a non-NI address? When I put in my NI address, they rejected it saying I wasn’t a UK resident before then deciding it was because it went against their policy of EWS only.