How many Regular Savings Accounts do you have?

soulsaver

ceredigion wrote: »

tsb
………..….

TSB has a 5% regular saver?

soulsaver

stoozie1 wrote: »

Santander is 5%

Only for 123 World customers... otherwise 3%.

surreysaver

soulsaver wrote: »

TSB has a 5% regular saver?

No. Their current account

Cotta

soulsaver wrote: »

TSB has a 5% regular saver?

Current account with balances up to 5% which is actually better than a RS, however TSB offers its own challenges.

soulsaver

Cotta wrote: »

Current account with balances up to 5% ..

Exactly. The question was which is the 5th 5% regular saver.

Cotta wrote: »

Outside of the four accounts (I think) that pay 5%, do RS's make sense?

Cotta wrote: »

HSBC, First Direct, Nationwide and M&S all have 5% rates, who is the fifth?

Ceredigion suggested TSB...

schiff

EachPenny wrote: »

The work required to operate multiple RS accounts is not difficult. Open an account, set up a standing order, diarise the date the account matures (if you don't trust the bank to tell you). Doing this for (say) two new accounts per month is not hard, and would result in you having 24 accounts by the end of the first year.

Sounds easy if you have approaching £40K available at kick-off to reach month 12

gingercordial

schiff wrote: »

Sounds easy if you have approaching £40K available at kick-off to reach month 12

A problem for which stoozing is the perfect solution. At least that's how I did it :T

schiff

There is a clear difference between two categories of investor which hasn't been emphasised.

On the one hand those who have substantial ready cash funds will find it easy. Those constitute the majority of the 10+ merchants.

And those with modest savings and commitments - intending to buy a property or with childrens' university to fund, etc - who will find it tricky even to get going. It's not surprising that the latter are shocked at how many RSs people have.

binaryuniverse

Cotta wrote: »

[TSB] Current account with balances up to 5% which is actually better than a RS

To a point. TSB current accounts only pay on the first £1500. After a while, a RS will start paying out more. For example, it takes 5 months for a First Direct RS to hit £1500. After that, the monthly interest be higher. Over the course of 12 months, the total pay out will be higher. The £250p/m RS also will be a little bit more.

soulsaver wrote: »

Exactly. The question was which is the 5th 5% regular saver.

TSB do not have a 5% RS. It's Santander if, as previously stated, you're a 123 World customer. But all 5% RS have caveats.

soulsaver

binaryuniverse wrote: »

To a point. TSB current accounts only pay on the first £1500. After a while, a RS will start paying out more. For example, it takes 5 months for a First Direct RS to hit £1500. After that, the monthly interest be higher. Over the course of 12 months, the total pay out will be higher. The £250p/m RS also will be a little bit more.



TSB do not have a 5% RS. It's Santander if, as previously stated, you're a 123 World customer. But all 5% RS have caveats.

Thanks for telling me what I posted..;)