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SUB 3% Regular savings accounts

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Comments

  • RG2015
    RG2015 Posts: 6,217 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Photogenic
    Herbalus wrote: »
    But if you didn’t invest the maximum into each account, it wouldn’t make any sense to have 12 of them? Why not just have fewer?
    Some people may prefer a fixed income every month to a larger sum less frequently.
  • Reed_Richards
    Reed_Richards Posts: 5,559 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Herbalus wrote: »
    But if you didn’t invest the maximum into each account, it wouldn’t make any sense to have 12 of them? Why not just have fewer?
    If you invest the maximum per month or any more than half the maximum per month you would need 12 accounts. If you invest half the maximum or any more than one third of the maximum per month you would need 6 accounts. For more than one quarter of the maximum up to one third you need 4 accounts ... you can see how this works.
    Reed
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