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Regular savers

24567

Comments

  • Frogletina
    Frogletina Posts: 3,914 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    HappyMJ wrote: »
    I drip feed from savings. If I had £2,000 spare each month I'd need to earn quite a lot of money and I don't earn that much. Open one every month and every month one will mature restoring the savings to enable another to be opened.

    I do this - I'm just waiting for my M & S one to mature and then I can open a new one.

    However, I have one RS that has no end date and therefore my money is tied up in there, which is worthwhile as the interest rate is good, but I have some that I may not renew in order to keep that one.

    frogletina
    Not Rachmaninov
    But Nyman
    The heart asks for pleasure first
    SPC 8 £1567.31 SPC 9 £1014.64 SPC 10 # £1164.13 SPC 11 £1598.15 SPC 12 # £994.67 SPC 13 £962.54 SPC 14 £1154.79 SPC15 £715.38 SPC16 £1071.81⭐⭐⭐⭐⭐⭐⭐⭐⭐Declutter thread - ⭐⭐🏅
  • patientperson
    patientperson Posts: 481 Forumite
    100 Posts
    book12 wrote: »
    How many regular savers do you have?

    Reduced to 59
  • book12
    book12 Posts: 2,557 Forumite
    bravotango wrote: »
    3.

    I'm worried about the credit searches on my credit report if I do anymore.

    Identity search is done when aapplying for savings accounts.
    patientperson wrote: »
    Reduced to 59

    How can you have 59 regular savers? Each bank only allows one regular saver a year, and one per customer.
  • Lolly88
    Lolly88 Posts: 322 Forumite
    Tenth Anniversary Combo Breaker
    I have 3, that's all I can afford at the moment. Might stretch for HSBC one but going to wait to see if they offer a switching bonus again before I do.
    Homeowner
    :j
  • darkidoe
    darkidoe Posts: 1,129 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    HappyMJ wrote: »
    I don't have any real income and have all those plus Nottingham BS. I drip feed from savings. If I had £2,000 spare each month I'd need to earn quite a lot of money and I don't earn that much. Open one every month and every month one will mature restoring the savings to enable another to be opened.

    Trying to maximize returns as much as possible with S&S isa allowance as well. All part of the financial independence plan. But regular savers are a great way to make sure you don't spend beyond your budget, moping up all the loose cash in the current accounts.

    Save 12K in 2020 # 38 £0/£20,000
  • patientperson
    patientperson Posts: 481 Forumite
    100 Posts
    book12 wrote: »
    How can you have 59 regular savers? Each bank only allows one regular saver a year, and one per customer.

    Building Societies allow multiples when different issues become available.
  • ChesterDog
    ChesterDog Posts: 1,146 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    To be honest, I don't have one.

    These days, "good enough" has taken over from ruthless efficiency.
    I am one of the Dogs of the Index.
  • Tea&Biscuits
    Tea&Biscuits Posts: 54 Forumite
    I now have TWO!

    Feeling very proud of myself.

    Next year, I hope to have at least three or four.
  • jimjames
    jimjames Posts: 18,796 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    book12 wrote: »
    How many regular savers do you have?

    0. Not felt the need for one. I do have 10+ credit cards and 10+ current accounts though.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • robotrobo
    robotrobo Posts: 921 Forumite
    Part of the Furniture 500 Posts
    book12 wrote: »
    How many regular savers do you have?

    we have.
    tsbx 2
    lloyds 1
    f/direct 2
    can you open regular savers without opening a current account ?, if so can you name a few please,
This discussion has been closed.
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