The Top Regular Savers Discussion Thread

x44

I think my timeline for Teacher BS was:

Deposit sent Monday. Email confirming "your new account is open" on Thursday evening and account fully appeared in the online portal sometime during Friday.

s71hj

Just spotted the Monmouthshire St David's Hospice Care Regular Saver. Don't know how I missed this assuming it appeared on here. Can it be opened by posting a form into branch or is it literally physically walking in? Thanks

gt94sss2

https://forums.moneysavingexpert.com/discussion/comment/82034195#Comment_82034195

This account is available to the volunteers and colleagues of St David's Hospice Care only.

https://www.monbs.com/savings/st-davids-hospice-care-regular-saver/

• 6.00% AER/Gross is the total interest of this account.
• 5.00% AER/Gross is what you will earn on your savings.
• The remaining 1.00% of the amount of interest paid to the Society's Charity Of The Year.

Pickledonionlover

https://forums.moneysavingexpert.com/discussion/comment/82034204#Comment_82034204

Definitely not one to try and exploit

Wheres_My_Cashback

https://forums.moneysavingexpert.com/discussion/comment/82034225#Comment_82034225

Ah, the moral compass of when to exploit for personal gain, but not right to exploit an organisation for personal gain which also benefits a charity. It seems quite contradictory to what is the norm here.

The more this account is exploited the more the charity gets, but surely exploitation is exploitation is it not?

Money_Grabber13579

https://forums.moneysavingexpert.com/discussion/comment/82034204#Comment_82034204

I don’t know if I’ve overthinking it but that seems quite counterintuitive in terms of product design. Essentially it is a product which allows people to make a donation to charity so long as they already donate their time to that charity. I’d have thought that people who already volunteer might be less incentivised to donate money as well, compared with someone who thinks it is a worth cause but doesn’t already volunteer?

I suppose they are wanting to restrict the number of accounts that can be opened but having a strict limit, whilst making it available to everyone, would seem to have been better in my view.

Anyway, that’s not what it is…

guli

https://forums.moneysavingexpert.com/discussion/comment/82034399#Comment_82034399

it’s okay to kill an ant/fly/mouse/cow but not a panda/turtle/human

friolento

Not sure why anyone would want to try under false pretences for an account that pays 5%. Or for any account, for that matter.

If anyone is happy with a 5% Regular Saver, there are half a dozen available to all. On top of this, there are also 5% accounts without monthly deposit limits.

dcs34

https://forums.moneysavingexpert.com/discussion/comment/82034399#Comment_82034399

My moral compass says not to pretend to volunteer for a charity for a 5% return.

But to be a former teacher (having really done part-time invigilating at a school) for a 6.5% return? Now, that's a different kettle of turtles…

allegro120

https://forums.moneysavingexpert.com/discussion/comment/82034663#Comment_82034663

I wouldn't do this for any% return.