How many Regular Savings Accounts do you have?

ozaz

Out of pure curiosity just wondering how many cash regular saver accounts MSE forum members have. Please vote in poll.

Also curious if people spread account opening/closing dates evenly across the year or if they are all bunched at a particular time of year (e.g. beginning/end of tax year). Please comment if you wish.

surreysaver

I was off sick last year during the summer, so over the last two months I have had a load of regular savers mature. I am now trying to spread out opening new ones, so this time next year I should have 2 a month maturing, providing a cash flow of £6-7k per month, which will fund the monthly payments the following month.

Vet

4 - first direct, nationwide, TSB and HSBC

karlie88

Need extra options for 20+, 30+, 40+ etc.

gingercordial

By no means all of them, but well into double digits.

greendoor665

Just the 1 at the moment. Just had 2 mature. Might open another one in a few months time but not right now.

Nick_C

Just 6 Regular Savers.

7 Current accounts though!

ozaz

karlie88 wrote: »

Need extra options for 20+, 30+, 40+ etc.

:eek: I didn't anticipate so many would have 10+ (the majority selection so far)
Here's me wondering if I can bother with the hassle of going from 3 to 4 :laugh:

Would be interesting if those who have 10+ could comment on their strategy to managing so many regular savers (especially anyone with 20+). Also curious as to the lowest interest rates you bother with on regular savers. It seems to me apart from the top 10 options, everything is below 3%, and a lot of these accounts are a bit of a hassle to open - require in-branch opening: https://www.money.co.uk/savings-accounts/regular-savings.htm

Nick_C

A brilliant thread on the best RS accounts is here:-

https://forums.moneysavingexpert.com/discussion/5776240/regular-saver-thread-new-and-restarted

Page 1 updated regularly. One of the best resources on the forum.

veryintrigued

ozaz wrote: »

:eek: I didn't anticipate so many would have 10+ (the majority selection so far)
Here's me wondering if I can bother with the hassle of going from 3 to 4 :laugh:

Would be interesting if those who have 10+ could comment on their strategy to managing so many regular savers (especially anyone with 20+). Also curious as to the lowest interest rates you bother with on regular savers. It seems to me apart from the top 10 options, everything is below 3%, and a lot of these accounts are a bit of a hassle to open - require in-branch opening: https://www.money.co.uk/savings-accounts/regular-savings.htm

Close to 40 here.

A spreadsheet with a line for each product with the first line been the closest to maturity.

Ensuring all RS standing orders come out early each month and diarising ensuring having enough in the feeder accounts at the end of the month

Cornucopia

3 - Kent Reliance (3%), Santander (5%), Nationwide (5%)

The opening dates are staggered. I could probably go to 4...