Regular Saver Thread **New and Restarted**

solartom

i have 19 currently
have a look at thread below i will give you some insight

"I know a lot of people say they have a lot, but it can take years to build up so you get to the point where matured savers can fund new savers. I started with two RS and it took me three years to get to five ( as well as HTB ISA and LISA). But in reality, most people do no have that many at the same time."
quoted by 20SmthngSv
https://forums.moneysavingexpert.com/discussion/5889284how+many+regular+savers

polymaff

solartom wrote: »

"I know a lot of people say they have a lot, but it can take years to build up so you get to the point where matured savers can fund new savers. I started with two RS and it took me three years to get to five ( as well as HTB ISA and LISA). But in reality, most people do no have that many at the same time."
quoted by 20SmthngSv

What's your point?

vermania

polymaff wrote: »

What's your point?

I'll answer but hope I'm not confused for the "OP" again.

I suppose the overall conclusion is "horses for courses", the regular saver products can serve several purposes.

• Some people have one or two etc. for convenient high return on a limited amount of surplus cash they have month to month,
• Whereas others have opened many RS accounts with as many providers they can find/afford, to cycle money from larger cash reserves and generate the best overall cash return they can.

I'm sure as a regular you know that polymaff but written for the benefit of any newer readers to this thread, who are considering getting into it.

polymaff

vermania wrote: »

I'll answer but hope I'm not confused for the "OP" again.

I suppose the overall conclusion is "horses for courses", the regular saver products can serve several purposes.

• Some people have one or two etc. for convenient high return on a limited amount of surplus cash they have month to month,
• Whereas others have opened many RS accounts with as many providers they can find/afford, to cycle money from larger cash reserves and generate the best overall cash return they can.

I'm sure as a regular you know that polymaff but written for the benefit of any newer readers to this thread, who are considering getting into it.

Oh, an excellent post by you, V.

Knaw as I might, I just couldn't find any meat on solartom's bone...:)

20SmthngSver

solartom wrote: »

i have 19 currently
have a look at thread below i will give you some insight

"I know a lot of people say they have a lot, but it can take years to build up so you get to the point where matured savers can fund new savers. I started with two RS and it took me three years to get to five ( as well as HTB ISA and LISA). But in reality, most people do no have that many at the same time."
quoted by 20SmthngSv
https://forums.moneysavingexpert.com/discussion/5889284how+many+regular+savers

Okay, so you have 19? You might well do. Most people do not have that many. That was my point. Unless you already have a lot of money languishing to immediately open 19, it would take most people years and years and years to reach 19 maximised each month on average income. Having up to 5 is for most people as many as they can afford.

I hope this clarifies what I said, because I didn't see the relevance of you quoting me.

veryintrigued

Can we get back to helping each other and the OP by identifying good RS - rather than bickering please?

Dird

schiff wrote: »

PS: I'm assuming you have the current store based RS Issue 18?

Not yet I plan to open the current one next week

Special_Saver2

Hi Folks,

Here is this weekend's update...

- Mansfield BS Regular Savings (4th Issue) account minimum monthly payment corrected (it is £10, not £25)



I will do the next update next weekend or the weekend after next.

SS2

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For those new to this thread, the first few posts are constantly updated and are on the first page

youngretired

Has anyone received their payment yet from Monmouthshire for a maturing bond?

This morning it showed that the interest had been added and the funds withdrawn. It says that payments before 2pm will be actioned on the day (normally received by end of same day), but nothing received yet in my nominated account provided in the closure instruction.

MaxZorin

Useful thread this. :T

I’ve just opened a couple of regular savers to help maximise interest in the battle against inflation.

Santander’s Regular Saver @ 2.5%. Not the greatest rate and contributions can only be £200 per month but it will be a small bonus when combined with the 123 account. More importantly it will stop me spending it!

I’ve also opened one with Ipswich Building Society.

Restricted to local postcodes but allowing a contribution of £1000 per month (Joint Account) combined with a rate of 2.9% make it a winner. A proper ‘old-school’ Building Society experience and all the better for it.