Regular Saver Thread **New and Restarted**

schiff

Me neither. It's as serious and focused as other threads.

Mee

xylophone wrote: »

I've opened one and will reinvest today's branch saver maturity proceeds in it.

Same here...

wiseonesomeofthetime

I considered a 2% regular saver at £500, drip feeding from Marcus, through a linked current account, and then worked out that the gain of that over a one year fixed saver was just £6.

Decided it was not worth the effort and pumped the £6k in the fixed term saver.

Sometimes, the amounts involved are just not worth the hassle.

And that is from someone who used to have multiple current accounts, with multiple pay-ins, for returns of £3-£4 per month.

Oh how my thinking has changed.

I save that money now by simply having one or two less coffees out each month, transferring the equivalent to a "pot" when I have done so. Not that big a deal and feel mentally better for it.

Life is for living, not stressing over the odd few pence.

[Deleted User]

wiseonesomeofthetime wrote: »

I considered a 2% regular saver at £500, drip feeding from Marcus, through a linked current account, and then worked out that the gain of that over a one year fixed saver was just £6.

Decided it was not worth the effort and pumped the £6k in the fixed term saver.

Sometimes, the amounts involved are just not worth the hassle.

And that is from someone who used to have multiple current accounts, with multiple pay-ins, for returns of £3-£4 per month.

Oh how my thinking has changed.



I save that money now by simply having one or two less coffees out each month, transferring the equivalent to a "pot" when I have done so. Not that big a deal and feel mentally better for it.

Life is for living, not stressing over the odd few pence.

I’m getting to this point now and although I don’t have much in savings I’m slimming down my current accounts.

MDMD

I’ve set a floor of 2% on these. I’m banking on the fact that Marcus won’t reduce their rate below 1% and therefore I make the 1% difference if I drip feed equal to about £16 a year per VM RS account, even less after tax This is with much less faff and without having to manage the cash flow (the payments I make each month exceed my net pay).

I’ll just spend less.

schiff

Bobblehat wrote: »

No problem with my application for the new Furness BS 2.5% RS in Preston today. Didn't try to sell me other products, good clear information and the passbook should be with me by post within a week.

You don't need to have the passbook updated if you make the monthly deposit by faster payments, as you can check if the deposit has registered 2 or 3 days later using the online facility …. or ring up to confirm.

All in all …. no problems.

p.s. Preston branch personnel all seem to have big grins on their faces with the amount of footfall this RS offer has generated in the first two days … or maybe they are just always friendly

They've been 'inundated' to quote the Poulton (near Blackpool) branch! Their 'furthest' opener was from Newcastle! I enjoyed the visit

abz88

Just noticed the First Direct Regular Saver Account Special conditions are out of date now. They scrapped the £10 a month fee on the 1st Account back in September

adindas

abz88 wrote: »

Just noticed the First Direct Regular Saver Account Special conditions are out of date now. They scrapped the £10 a month fee on the 1st Account back in September

But for MSEr which I fully believe many already have Everyday e-Saver, this fee does not really matter as they never pay fee anyway.

sully1311

My OHs First Direct regular saver matured yesterday but we’re not able to withdraw the money even though the interest has dropped to 0.15%. Is this usual?

colsten

sully1311 wrote: »

My OHs First Direct regular saver matured yesterday but we’re not able to withdraw the money even though the interest has dropped to 0.15%. Is this usual?

FD will transfer the matured proceeds into a Savings Account or an Everyday e-Saver, from where it can be withdrawn, via the current account. Your husband should call them if this doesn't happen. There may be a delay on non-working days.