Regular Saver Thread **New and Restarted**

where_are_we

Oh I forgot to mention you have easy access and can withdraw your money anytime.

polymaff

where_are_we wrote: »

... The trick is to regularly open a new e saver each time a new issue comes out so that you have a continuous maturity every couple of months and then plough your money back in

Have you worked out how little this yields?

(Less than £10 p.a. per account running)

Better than a poke in the eye, I'd agree, but the good old days are truly in the past. It is probably the commitment to a fixed rate for the 13 months that's the key benefit...:(

veryintrigued

Here you go folks a dedicated thread for the Virgin money massive....

https://forums.moneysavingexpert.com/discussion/6008798/virgin-money-regular-saver-thread&page=4

polymaff

If that thread has absorbed the knuckle-draggers who consider themselves to be so witty - it has served its purpose well...;)

veryintrigued

polymaff wrote: »

If that thread has absorbed the knuckle-draggers who consider themselves to be so witty - it has served its purpose well...;)

I've got no idea what that means.

And please, I don't need an explanation what it is supposed to mean either.

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.