The Top Regular Savers Discussion Thread

clairec666

GetRichOrDieSaving said:

Cweb said:

judgingjudy said:

I’d like to open the Monument saver before it’s pulled, but can someone tell me if it needs to be funded straightaway, or if I’ve got a few days to do it? Thanks if you can. 

The literature you receive in online banking states 14 days to fund otherwise will be closed.

Do you know if the maturity date is from opening or first deposit? 

Newcastle Monument: It's on the anniversary of opening. This is different from the Manchester account, which specifies on the anniversary of your first deposit. I hadn't noticed that before - I thought the two accounts were identical.

allegro120

friolento said:

mon3ysav3r said:

clivep said:

Newcastle/Monument

Just applied and have received email with application reference.

As existing Newcastle BS member I tried the login route but once in my a/c there was no option to open the Monument regular saver, so I applied using the "Start application" as if I were a new customer.

I just did this got to and filled out step 7 of 7 with the passwords when 

Sorry, our website is currently unavailable.

Same happened to me but I do have a confirmation email with an application reference. Whether they’ll accept my application remains to be seen 

Mine went through without any problems.  Confirmation email came in about a minute and the account was showing in my app.  

surreysaver

MSE_JC said:

Hello,

The Forum Team have been inundated with a huge number of reports/complaints from multiple users about this thread going off topic (specifically, about an Edge account).

If it was simply one or two posts we wouldn't necessarily intervene, but given the scale of the issue the team will be splitting out any posts that refer to the Edge account and moving them to The New Top Easy Access Savings Discussion Area, as well as removing any posts that breach the rules on unfriendly behaviour.

I'd like to encourage all Forumites to try and stay on topic, or at least avoid veering off track too much. Please also try to refrain from long arguments about staying on topic, which then escalate the matter. This is a valuable, large and popular thread, and surgically extracting numerous off topic posts to keep it a useful discussion is a significant draw on the team's resources which could have been easily avoided.

Regards.

MSE JC

Thought we'd all forgotten about it. That was yesterday 

Cweb

clairec666 said:

GetRichOrDieSaving said:

Do you know if the maturity date is from opening or first deposit? 

Newcastle Monument: It's on the anniversary of opening. This is different from the Manchester account, which specifies on the anniversary of your first deposit. I hadn't noticed that before - I thought the two accounts were identical.

Just an observation given I've only opened and funded on the same day with Newcastle BS, but Account Opened is displayed in Account Details section as soon as the account appears, but the Maturity Date field only seems to populate after first deposit. Obviously I cannot comment given both are the same date for me on this account, but if anyone else's first deposit is later than their opening date cares to check and confirm if maturity aligns to 24 months from opening or first deposit?

Bridlington1

Cweb said:

clairec666 said:

GetRichOrDieSaving said:

Do you know if the maturity date is from opening or first deposit? 

Newcastle Monument: It's on the anniversary of opening. This is different from the Manchester account, which specifies on the anniversary of your first deposit. I hadn't noticed that before - I thought the two accounts were identical.

Just an observation given I've only opened and funded on the same day with Newcastle BS, but Account Opened is displayed in Account Details section as soon as the account appears, but the Maturity Date field only seems to populate after first deposit. Obviously I cannot comment given both are the same date for me on this account, but if anyone else's first deposit is later than their opening date cares to check and confirm if maturity aligns to 24 months from opening or first deposit?

I've opened the account today but not funded. I may experiment.

GetRichOrDieSaving

Cweb said:

clairec666 said:

GetRichOrDieSaving said:

Do you know if the maturity date is from opening or first deposit? 

Newcastle Monument: It's on the anniversary of opening. This is different from the Manchester account, which specifies on the anniversary of your first deposit. I hadn't noticed that before - I thought the two accounts were identical.

Just an observation given I've only opened and funded on the same day with Newcastle BS, but Account Opened is displayed in Account Details section as soon as the account appears, but the Maturity Date field only seems to populate after first deposit. Obviously I cannot comment given both are the same date for me on this account, but if anyone else's first deposit is later than their opening date cares to check and confirm if maturity aligns to 24 months from opening or first deposit?

I’ve opened both just now but don’t intend to fund until 24th Oct once my Principality XMAS RS has matured so I’ll find out either way. If nobody has confirmed by then, I will. 

clairec666

The Manchester and Newcastle T&Cs are mostly a copy-paste job of one another, with the subtle difference of when interest is paid: 12 months from receiving initial deposit for Manchester, and 12 months from account opening for Newcastle.

However there's a slight contradiction/confusion for Manchester, where it says "On the 2nd Annual Anniversary of your account opening date, your account will mature into an easy access account", i.e. counting from opening rather than first deposit. Mine was opened on the 15th, funded on the 16th, and it now says maturity date 16th (Oct 2027). Will see what happens in two years time. Hardly worth losing sleep over.

Meanwhile, if you were unaware of the connection between Manchester and Newcastle building societies you'd be confused that Manchester's postal address in the "Contact us" page on the website gives an address in Wallsend.

Aidanmc

So we can't apply for the Monument RS though existing Newcastle BS online portal?

Bobblehat

clairec666 said:

The Manchester and Newcastle T&Cs are mostly a copy-paste job of one another, with the subtle difference of when interest is paid: 12 months from receiving initial deposit for Manchester, and 12 months from account opening for Newcastle.

However there's a slight contradiction/confusion for Manchester, where it says "On the 2nd Annual Anniversary of your account opening date, your account will mature into an easy access account", i.e. counting from opening rather than first deposit. Mine was opened on the 15th, funded on the 16th, and it now says maturity date 16th (Oct 2027). Will see what happens in two years time. Hardly worth losing sleep over.

Meanwhile, if you were unaware of the connection between Manchester and Newcastle building societies you'd be confused that Manchester's postal address in the "Contact us" page on the website gives an address in Wallsend.

Manchester RS .... I opened mine on 23/09 and funded on 29/09 .... maturity shows as 29/09/2027.

daz378

I'm afraid I'm doing Santander a misservice.
They have not coerced  me....I didn't  realise I could close the edge saver and start a new one  with the standard edge current account....bright side managed to open a cooperative regular saver