The Top Regular Savers Discussion Thread

wmb194

https://forums.moneysavingexpert.com/discussion/comment/82152372#Comment_82152372

Buckinghamshire RS

They say the minimum initial investment is £10 and if the balance falls to zero the account will be closed, implying a minimum balance of £1 (actually a penny but usually the minimum for BS’ is £1). You’ll need to contact them.

masonic

https://forums.moneysavingexpert.com/discussion/comment/82151613#Comment_82151613

Chase RS

There is now some doubt as to whether interest is actually credited monthly or Chase is just showing accrued interest. See forums.moneysavingexpert.com/discussion/comment/82152391/#Comment_82152391 and trailing discussion.

UKX69

https://forums.moneysavingexpert.com/discussion/comment/82151951#Comment_82151951

I don’t know about the regular saver, but I’ve been having issues with Melton easy access saver account numbers with my bank, NatWest. Bank says it doesn’t recognise them and Melton says they’re ok?

UKX69

https://forums.moneysavingexpert.com/discussion/comment/82152372#Comment_82152372

If I remember correctly, you have to send them a bank statement of your nominated account if you haven’t already done so.

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/82152118#Comment_82152118

Just managed to close my Melton account online, went through the account itself then closed it.

masonic

https://forums.moneysavingexpert.com/discussion/comment/82152466#Comment_82152466

Thanks. I think that may have worked for me this time. I still got the initial error message, but then that was followed by a pop-up that the account was closed successfully, so who knows. Nothing has changed when I view the account afterwards.

mon3ysav3r

https://forums.moneysavingexpert.com/discussion/comment/82152481#Comment_82152481

It was a year ago that Melton said their online system would be offline for a while to upgrade to their new platform - seems that new platform hasn't worked out so well by the looks of things.

They still don't seem to have any regular savers available a year on, if you click on regular savers on their website you get:

"Important update: No savings products available in this range

We apologise for any inconvenience and appreciate your patience during this time.

Our team is working hard behind the scenes, and we look forward to introducing our new range of savings products very soon.

Thank you for your continued support."

A year! Happy Birthday platform update.

csw5780

https://forums.moneysavingexpert.com/discussion/comment/82152400#Comment_82152400

Messaged them and now a “transfer” button has appeared. However it only allows £100-£50k by FP to nominated account. 🤨

chris_the_bee

https://forums.moneysavingexpert.com/discussion/comment/82152439#Comment_82152439

Melton BS Withdrawals:

I also had that problem with NatWest. I found that you need to enter your full name including middle name(s).

In any case, if you are sure you have the correct account details, you can override NatWest's "don't recognise the account number" statement.

Kim_13

Melton account numbers were reformatted when they moved to the new system, the ones written in the books will no longer pass COP and only the reformatted ones will against name including middle. I got a COP match the other week by putting first and middle in the first name box at NatWest.