The Top Regular Savers Discussion Thread

Bridlington1

janusd said:

I just received an email from Monmouthshire BS about interest rate reductions on 8th October...

Following a recent review of the interest rates on our savings products, we’re writing to let you know that we’re lowering the interest rate on your accounts listed below. Details of the changes to any accounts you hold are at the end of this letter.

for me, the only one listed is the now NLA EA account issue that we originally had to open in the app to get access to then open the 6% RS. Therefore, I would assume given the wording of the email, that there are no imminent rate changes expected to their regular savers.

I've just spoken to them, RS issues 3-7 are reducing but they were sub 4% before the cuts were announced.

Exclusive RS app and branch versions (NLA) remains at 7%.

RS Issue 8 remains at 6%

clairec666

janusd said:

I just received an email from Monmouthshire BS about interest rate reductions on 8th October...

Following a recent review of the interest rates on our savings products, we’re writing to let you know that we’re lowering the interest rate on your accounts listed below. Details of the changes to any accounts you hold are at the end of this letter.

for me, the only one listed is the now NLA EA account issue that we originally had to open in the app to get access to then open the 6% RS. Therefore, I would assume given the wording of the email, that there are no imminent rate changes expected to their regular savers.

On that subject - I only opened the EA account in order to get the regular saver, but have no intention of using it. Can anyone confirm that they've been able to close it while keeping the regular savers (6% and 7%) open? Or is there any use to keeping it active, e.g. when the regular savers mature? I like to clean up any accounts I'm not using, but will keep it open if there's a purpose.

WillPS

clairec666 said:

janusd said:

I just received an email from Monmouthshire BS about interest rate reductions on 8th October...

Following a recent review of the interest rates on our savings products, we’re writing to let you know that we’re lowering the interest rate on your accounts listed below. Details of the changes to any accounts you hold are at the end of this letter.

for me, the only one listed is the now NLA EA account issue that we originally had to open in the app to get access to then open the 6% RS. Therefore, I would assume given the wording of the email, that there are no imminent rate changes expected to their regular savers.

On that subject - I only opened the EA account in order to get the regular saver, but have no intention of using it. Can anyone confirm that they've been able to close it while keeping the regular savers (6% and 7%) open? Or is there any use to keeping it active, e.g. when the regular savers mature? I like to clean up any accounts I'm not using, but will keep it open if there's a purpose.

There's no ongoing requirement, the only consideration is if they choose to do a loyalty account in future which requires you were a member since x having an open minimally funded easy access account will achieve this (and leave the door open to you giving maturity options to close the regular savers).

Bridlington1

clairec666 said:

francoghezzi said:

flaneurs_lobster said:

I think we now understand that Nationwide have sorted whatever it was that had stalled their Regular Saver application process and that people are now able to open these accounts.

Probably help keeping this thread on track if people were to refrain from reporting on their successful applications.

When I kindly asked for the same about Principality and Monmouth I had to read reactions in a very different directions with someone highlighting the fact that this tread was the right place to post even about successful applications and any sort of feelings. Hundreds of useless pages followed. No different from what have been happening for Nationwide (with the remarkable difference, though, that treads 'ad hoc' for Nationwide and Virgin have been duly opened helping to keep this tread almost 'on track') . So? If people had avoided to write about successful applications for Principality ('the I have 55 of those' saga) and Monmouth this would be page 400, not 665 and very interesting and useful posts that can truly help wouldn't be submerged and difficult to find.

Best forum advice is to consider whether your post is of interest to anyone else. So once one person has reported that the Nationwide situation is sorted, we don't need 5 other people to tell us the same thing.

That being said, it's nice to have a bit of banter about Principality accounts and whether wearing green helps your maturity option
Might be worth starting a separate "regular saver banter" thread, and keeping this one to genuine questions, advice, and reports of new accounts. Although things work fairly okay as things stand, as long as you don't mind scrolling through a pages to get to the useful discussion.

Personally I've no objections to people using this thread to discuss applications for Nationwide regular savers. If people wish to discuss the accounts on a new thread they can do but this is the regular savers discussion thread and what we've seen is discussion about regular savers so is within the scope of this thread.

If I'm honest I find myself more likely to be irritated by the regular occurrence of posts complaining about the fact that people are discussing regular savers too much as opposed to posts from people saying they've opened a particular regular saver.

clairec666

WillPS said:

clairec666 said:

janusd said:

I just received an email from Monmouthshire BS about interest rate reductions on 8th October...

Following a recent review of the interest rates on our savings products, we’re writing to let you know that we’re lowering the interest rate on your accounts listed below. Details of the changes to any accounts you hold are at the end of this letter.

for me, the only one listed is the now NLA EA account issue that we originally had to open in the app to get access to then open the 6% RS. Therefore, I would assume given the wording of the email, that there are no imminent rate changes expected to their regular savers.

On that subject - I only opened the EA account in order to get the regular saver, but have no intention of using it. Can anyone confirm that they've been able to close it while keeping the regular savers (6% and 7%) open? Or is there any use to keeping it active, e.g. when the regular savers mature? I like to clean up any accounts I'm not using, but will keep it open if there's a purpose.

There's no ongoing requirement, the only consideration is if they choose to do a loyalty account in future which requires you were a member since x having an open minimally funded easy access account will achieve this (and leave the door open to you giving maturity options to close the regular savers).

Good point re loyalty accounts - mine's got a balance of £0 though so might not count.

Terms for the 6% saver say "At the end of the term, this account will automatically switch to the Society’s Easy Saver or the nearest equivalent available at that time. We will contact you as a reminder nearer the time." So presumably this would maintain my membership, and I could do away with the extra EA.

(I should probably stop over-thinking this and just leaving the account open - I don't know why superfluous empty accounts annoy me so much!)

allegro120

clairec666 said:

janusd said:

I just received an email from Monmouthshire BS about interest rate reductions on 8th October...

Following a recent review of the interest rates on our savings products, we’re writing to let you know that we’re lowering the interest rate on your accounts listed below. Details of the changes to any accounts you hold are at the end of this letter.

for me, the only one listed is the now NLA EA account issue that we originally had to open in the app to get access to then open the 6% RS. Therefore, I would assume given the wording of the email, that there are no imminent rate changes expected to their regular savers.

On that subject - I only opened the EA account in order to get the regular saver, but have no intention of using it. Can anyone confirm that they've been able to close it while keeping the regular savers (6% and 7%) open? Or is there any use to keeping it active, e.g. when the regular savers mature? I like to clean up any accounts I'm not using, but will keep it open if there's a purpose.

MonBS
You can close the EA.  They are automatically opened on maturity, I closed them all except the very first one.  I keep it for convenience, don't need to worry about continuing membership in the event of no good RS offers.  Otherwise, there is no reason for keeping one, you can always open EA later if needed.

clairec666

Bridlington1 said:

clairec666 said:

francoghezzi said:

flaneurs_lobster said:

I think we now understand that Nationwide have sorted whatever it was that had stalled their Regular Saver application process and that people are now able to open these accounts.

Probably help keeping this thread on track if people were to refrain from reporting on their successful applications.

When I kindly asked for the same about Principality and Monmouth I had to read reactions in a very different directions with someone highlighting the fact that this tread was the right place to post even about successful applications and any sort of feelings. Hundreds of useless pages followed. No different from what have been happening for Nationwide (with the remarkable difference, though, that treads 'ad hoc' for Nationwide and Virgin have been duly opened helping to keep this tread almost 'on track') . So? If people had avoided to write about successful applications for Principality ('the I have 55 of those' saga) and Monmouth this would be page 400, not 665 and very interesting and useful posts that can truly help wouldn't be submerged and difficult to find.

Best forum advice is to consider whether your post is of interest to anyone else. So once one person has reported that the Nationwide situation is sorted, we don't need 5 other people to tell us the same thing.

That being said, it's nice to have a bit of banter about Principality accounts and whether wearing green helps your maturity option
Might be worth starting a separate "regular saver banter" thread, and keeping this one to genuine questions, advice, and reports of new accounts. Although things work fairly okay as things stand, as long as you don't mind scrolling through a pages to get to the useful discussion.

Personally I've no objections to people using this thread to discuss applications for Nationwide regular savers. If people wish to discuss the accounts on a new thread they can do but this is the regular savers discussion thread and what we've seen is discussion about regular savers so is within the scope of this thread.

If I'm honest I find myself more likely to be irritated by the regular occurrence of posts complaining about the fact that people are discussing regular savers too much as opposed to posts from people saying they've opened a particular regular saver.

I'm in agreement. I know the conversation can wander off-topic from time to time, but it's a much nicer atmosphere here than some Reddit pages where people just start ranting at each other, and there's no point bullying people and telling them what they can and can't discuss. I don't particularly want to read about every time someone's opened a new account successfully, but I can just scroll past it if I want

Digital_Payback

One thing I believe would help everyone reading through this thread would be if contributors, when quoting or commenting, would start their contribution naming the account or Building Society being discussed. (A few contributors already do this)
Then, if I see Skipton B.S., or Monmouthshire B.S. or YBS Cash ISA, and I have no interest in these items, I can move on to read another post that is of interest. 

That would surely help. 

Just my thoughts. 

s71hj

clairec666 said:

Bridlington1 said:

clairec666 said:

francoghezzi said:

flaneurs_lobster said:

I think we now understand that Nationwide have sorted whatever it was that had stalled their Regular Saver application process and that people are now able to open these accounts.

Probably help keeping this thread on track if people were to refrain from reporting on their successful applications.

When I kindly asked for the same about Principality and Monmouth I had to read reactions in a very different directions with someone highlighting the fact that this tread was the right place to post even about successful applications and any sort of feelings. Hundreds of useless pages followed. No different from what have been happening for Nationwide (with the remarkable difference, though, that treads 'ad hoc' for Nationwide and Virgin have been duly opened helping to keep this tread almost 'on track') . So? If people had avoided to write about successful applications for Principality ('the I have 55 of those' saga) and Monmouth this would be page 400, not 665 and very interesting and useful posts that can truly help wouldn't be submerged and difficult to find.

Best forum advice is to consider whether your post is of interest to anyone else. So once one person has reported that the Nationwide situation is sorted, we don't need 5 other people to tell us the same thing.

That being said, it's nice to have a bit of banter about Principality accounts and whether wearing green helps your maturity option
Might be worth starting a separate "regular saver banter" thread, and keeping this one to genuine questions, advice, and reports of new accounts. Although things work fairly okay as things stand, as long as you don't mind scrolling through a pages to get to the useful discussion.

Personally I've no objections to people using this thread to discuss applications for Nationwide regular savers. If people wish to discuss the accounts on a new thread they can do but this is the regular savers discussion thread and what we've seen is discussion about regular savers so is within the scope of this thread.

If I'm honest I find myself more likely to be irritated by the regular occurrence of posts complaining about the fact that people are discussing regular savers too much as opposed to posts from people saying they've opened a particular regular saver.

I'm in agreement. I know the conversation can wander off-topic from time to time, but it's a much nicer atmosphere here than some Reddit pages where people just start ranting at each other, and there's no point bullying people and telling them what they can and can't discuss. I don't particularly want to read about every time someone's opened a new account successfully, but I can just scroll past it if I want

You want to try posting on the motoring thread here. I did once and basically had endless pages of people saying variations on "you're obviously an idiot" 

s71hj

Nationwide RS 7
I'm rather against a brick wall on how to set up the payment to fund this. I assumed that sort code and account number would work and I could create my own identifier for 'Reference' but COP fails, highlighting the account number. Had a quick look unwelcome email but couldn't see anything that helped.