Regular Saver Thread **New and Restarted**

schiff

Westie983 wrote: »

Try virgin they have launched lots over the last few years, I am on number 23.

Westie983

You've done well, I've opened them all and I'm only on 21

arsenalboy

soulsaver wrote: »

You can have the Santander RS at 3% without any 123 account.

To get 5% on the reg saver you must be part of the 123 world.

When I looked online it said it had to funded from a 123 current account for the 3% version?

AirlieBird

arsenalboy wrote: »

When I looked online it said it had to funded from a 123 current account for the 3% version?

It has to be funded by a Santander current account, not necessarily a 123 current account.

soulsaver

Steve_xx wrote: »

Can you have both, simultaneously?

AFAIK you can only have one Santander solo reg saver.

SephirothX

adindas wrote: »

This comment has been going on and on. It normally comes from people who are new into this game. Thus they do not actually know how to take advantage of regular saving accounts in addition to other current/saving accounts they already have.

I wouldn't say I'm new to the game, it just seems like 3% on a regular saver is the equivalent of putting a lump sum into a 1.5% account for a year. But thinking about it more the money I put into my regular savers tends to come from new money (my salary) so I wouldn't be able to put that lump sum into a 1.5% account anyway.

One problem I do have though is the £7200 that is coming out of my Club Lloyds and Santander regular savers this week. £5000 can live in Club Lloyds at 2% until July but I'm not sure what to do with it after that, or the remaining £2200. Tempted to overpay my mortgage as my mortgage rate is 2.14%.

arsenalboy

SephirothX wrote: »

I wouldn't say I'm new to the game, it just seems like 3% on a regular saver is the equivalent of putting a lump sum into a 1.5% account for a year. But thinking about it more the money I put into my regular savers tends to come from new money (my salary) so I wouldn't be able to put that lump sum into a 1.5% account anyway.

One problem I do have though is the £7200 that is coming out of my Club Lloyds and Santander regular savers this week. £5000 can live in Club Lloyds at 2% until July but I'm not sure what to do with it after that, or the remaining £2200. Tempted to overpay my mortgage as my mortgage rate is 2.14%.

A regular saver is 12 monthly payments, not a lump sum. You are earning interest elsewhere on the money "within" the year before it hits the regular saver.:(:(

polymaff

SephirothX wrote: »

I wouldn't say I'm new to the game, it just seems like 3% on a regular saver is the equivalent of putting a lump sum ...

Do you ever take back tins of white paint, complaining that they're not quite black enough?

Regular Saver and Lump Sum Deposit are the black and white of savings.

SephirothX

arsenalboy wrote: »

You are earning interest elsewhere on the money "within" the year before it hits the regular saver.:(:(

That's actually a good point, I didn't look at it that way.

Westie983

schiff wrote: »

You've done well, I've opened them all and I'm only on 21

This includes the match day ones :-)

YorkshireBoy

Westie983 wrote: »

This includes the match day ones :-)

I must have missed some then, because we're on regular eSaver issue 10 now. Isn't the current store version Issue 9? Add in a couple of Matchday regular savers and that's 21. Which are the other 2 please?