The £2.00 Coin Savers Club

Kimberley

RichyRich wrote:

It's a fantastic idea, but you're not earning any interest on it. Wouldn't it be better to open a new saving account (your "£2 account") and when you get to a certain number of coins (say 10) put the money in there? Then at least your savings wouldn't get eaten away by inflation.

I know if you save with Sainsbury's Bank they let you have as many e-savers as you like, so even if you already have savings with them you could have a separate "£2 pot" which your £2 coin savings could go into.

Just a thought.
Rich

Yes but nothing beats the will power of filling and watching a pot fill up with £1/£2 coins and then counting and cashing them up in the bank

Ruby_Pudding

What a brilliant idea - please count me in as of right now (because I've just found a £2 coin in my purse!! :j )

comicmankev

I use one of these tins that you can't get into without a tin opener: http://www.yellowmoon.org.uk/showitem.asp?fldCatID_1=36&fldImgID=5148

I bought loads of the smaller ones in Tesco last year when they went down to 20p each in the sale! My big one is not even quarter full, but I only put in £2s and £1s. Last time I cracked one I only had £1 coins in there and when opened it has £687!!!! Nice, but takes a lot of wil power.

I sadly have cracked open several of the smaller ones in the past year as needs must (said in a very sad tone)

GreenFingers_2

Welcome to the MSE £2.00 Coin Savers Club.



“Piggy Banks are Wonderful and Cuddly”



The Year is 2006 and the Members so far…. starring in alphabetical order....

*Louise*
Amazon_Spice
Auditbabe
Avogirly
Blt
Brummiebabe
Brummiebird
Callisto
Caravanlover
Carlih1
Charlotte664
Cheaptokeep
Chickadee
Cjbaps
Comicmankev
CopperPlate
Creditcardkid
Dora37
Fairylights
Gilly41
GreenFingers
Hex2
Hunnymonster
In*the*red
Iona_Penny
JamieDodger
Jaybee
Jazzyjustlaw
Jellycat40
JMCateer
June1970
Kathfisch
Katinkka
Kazd
Kimberley
KizzyK
Kzlnd
Lottie26
Louiseuk25
Maisie
Maka
Marisan
Miacat
Micheleen
Midmac
Mk1
Mr284830
MrPastry
MrsA
Newmum1
Nickinoo
One-non-blonde
Ozzyfan
Pandas66
Pavlovs_dog
Pinkfluffybabe
Pixie1
Postingalwaysposting
Rach
RichyRich
Rikki
Roswell
RubyPudding
Ruyareece
Sashacat
Scottishspendaholic
Smiley_mum
Smokey112
Star1979
SugaJen
Tango
Thefunkygibbons
Thyme
Toontastic
Us,thecat&thedebt
Willsnarf1983
Wizard3891
Youngandreckless

kazd

RichyRich wrote:

It's a fantastic idea, but you're not earning any interest on it. Wouldn't it be better to open a new saving account (your "£2 account") and when you get to a certain number of coins (say 10) put the money in there? Then at least your savings wouldn't get eaten away by inflation.

I know if you save with Sainsbury's Bank they let you have as many e-savers as you like, so even if you already have savings with them you could have a separate "£2 pot" which your £2 coin savings could go into.

Just a thought.
Rich

This is basically the question I put to Martin on another thread. However, its not quite the same putting it in the bank because I would constantly see it everytime I logged in and then there is easy access. Currently I have a couple of accounts, one is for Xmas (kids pressies) which I save £75 per month into and I never touch that. The other I save £50 per month and that is for car expenses ie mot, tax, services, tyres etc and I have been known to raid that if I was a bit short. So I am concerned that if I put the £2's in the bank, I would be tempted to use it.

kazd

CopperPlate wrote:

Hopefully you're going to tell us you live in a first floor or above flat...!

"Steal me, steal me!!" shouted the terramundi, from the window sill.

Joking aside, these are some of the first things thieves will go for in a break-in...for the very reason we're all getting excited

I have thought about this and no I do not live in a second floor flat. Its a house but its fully alarmed and reasonably secure. We are also surrounded on all sides by other houses and gardens. I would be gutted though if someone pinched it, I have been saving in it for so long, I do not actively search out £2 coins, I just don't spend them if they are given to me in change.

jazzyjustlaw

I will put mine in the bank once it gets to £40.00 then I can see it grow but pay it in the bank after a while to gain interest. I used to do that when it hit £20.00.

JAMIEDODGER

woohoo! i got given 2 x £2 in my change today!!!!!

brummiebabe

How daft (or sad) am I?

I was WILLING the shop assistants to give me £2 coins in my change - and was really disappointed when I got 4 x 50p instead :wall:

However - I did get 1 today bringing my grand total to..eerrrrr...£4!!!!

hex2

Great idea - but I very rarely use cash or I just fritter it away. I bet the supermarket don't do £2 cashback!

The burglers comment - I was done many years ago when I lived in a shared house, to get to my cd's they had to go past a large teapot full of change holding open someone elses bedroom door. Left the teapot, took my cd's. My housemate was saving for an engagement ring and it had every bit of change he ever got in it so serious money. We must have had stupid burglers!