Regular Saver Thread **New and Restarted**

schiff

greenglide wrote: »

Newly retired joined MSE in 2007 so, I assume, is not really "Newly retired" any more!

In my experience when you're newly retired you suddenly have more time. As time moves on and you lose the capacity to do 'other things' like running marathons, your spare time increases exponentially until, if you're not careful, you can spend time bored stiff!

PS: someone is going to tell me off shortly

soulsaver

interest_Ted wrote: »

For info of SS2 and anyone else who may be interested.....
TSB online system does not currently permit online applications for the monthly saver. So can only be opened in branch at the moment.
Web page says they will give us a date when they expect to be opening their new platform for online applications, and just says 'coming soon' for all savings products. (Given their present difficulties, I wonder if 'soon' is an appropriate word.)
It may be apprpriate for SS2 to check and modify post 5 upon return from hols.

Ted

You can open a new monthly saver by phone; I did.

typistretired

soulsaver wrote: »

You can open a new monthly saver by phone; I did.

You were lucky! I just phoned them and they said that I would have to go into a branch at the moment but the web site should be up and running within a week or so for new applications. To keep checking online was their advice.

JamesRobinson48

Virgin eRS Issue 12 is out today. Looks like same deal, matures 20th August 2019.

surreysaver

JamesRobinson48 wrote: »

Virgin eRS Issue 12 is out today. Looks like same deal, matures 20th August 2019.

I was just about to post the same thing. Booting up the computer now!

Sea_Shell

I looked first thing this morning and it wasn't there!!! A-ha, so now it is. Happy Days!!

System

JamesRobinson48 wrote: »

Virgin eRS Issue 12 is out today. Looks like same deal, matures 20th August 2019.

Heya, anyone who has previous issues of these, also getting issue 12, if so , what will be your purpose for both?


I have Issue 10 and considering whether to open this one too

Sea_Shell

Sweetcake wrote: »

Heya, anyone who has previous issues of these, also getting issue 12, if so , what will be your purpose for both?


I have Issue 10 and considering whether to open this one too

We've all the available issues at the moment, on a rolling 12 month basis, so we have them maturing every 2 months. This then re-stocks other accounts and makes pension contributions. It's all about maximising interest on our cash, which will gradually run down, as we enter our "draw-down" phase.

surreysaver

Sweetcake wrote: »

Heya, anyone who has previous issues of these, also getting issue 12, if so , what will be your purpose for both?


I have Issue 10 and considering whether to open this one too

And you can also open the in-store ones as well, also maturing every two months.

I don't know why interest is paid on 11th March - why not just pay it when it matures?

System

Sea_Shell wrote: »

We've all the available issues at the moment, on a rolling 12 month basis, so we have them maturing every 2 months. This then re-stocks other accounts and makes pension contributions. It's all about maximising interest on our cash, which will gradually run down, as we enter our "draw-down" phase.

Oh wow! Amazing. Haha, well I'm not quite near pension age (I'm 25), but I'm saving to buy and I use multiple regular savers to store and maximise interest , which I then plan to put (at least some) into my LISA to meet 4k limit at end of the tax year...


I do like the idea of what you do though..I'm thinking of doing the same (but not for a pension)


Interesting. So do you have regular standing orders into the accounts then? And when you say re-stocks your accounts, could you elaborate please?


And did you only do this when you were saving towards pension OR did you always use regular savers this way?