Regular Savings Accounts: The Best Currently Available List!

mgarl10024

schiff wrote: »

Perhaps you can advise me - if you downgrade to Lite does the account number etc change?

No.

(I am a bit concerned that we seem to be straying away from regular savers again ).

adindas

schiff wrote: »

Perhaps you can advise me - if you downgrade to Lite does the account number etc change?

Not necessary.
I just had a look on my spreadsheet a few minutes ago. I have 34 RS + 7 Regular saver ISA, so altogether is 41. But few of them especially those which are paying 2% I just feed it with minimum requirement.

Apart from one RS all of my RS are paying 2%+. So I just move it when there is an excess to my AC.

If you have similar number with that it is definitely manageable from 3 BOS & 1 Club Lloyds and occasionally supplemented by Ulster / Tesco Bank saving. Of course RS from TSB/Halifax, Nationwide are fed internally from the account of those bank but will be replenished again by either Club Lloyds or BOS.

veryintrigued

adindas wrote: »

Tegular saver.

One who collects tiles!

schiff

adindas wrote: »

I have 34 RS + 7 Regular saver ISA, so altogether is 41.

If you have similar number with that it is definitely manageable from 3 BOS & 1 Club Lloyds and occasionally supplemented by Ulster / Tesco Bank saving. Of course RS from TSB/Halifax, Nationwide are fed internally from the account of those bank but will be replenished again by either Club Lloyds or BOS.

I'm having difficulty getting my point over

I have to pay monthly £750 into Nationwide, £1000 into each of three Bank Of Scotland accounts, £1000 into M&S current account, £1750 into HSBC current account and £500 into TSB. Done on the first of the month and all used up instantly into Regular Savers. And I use Santander, an account that I will not give up, that I like and allows me a shed-load of transactions a month as the hub. All I have to do is to ensure on the first of the month that I have at least £7000 in my Santander account.

Isn't that a model of efficiency?

Nationwide8

Have a shed load of SO that go out of a Sant 1-2-3 acc every month that feeds the req of various high interest current accounts and reg savers When a reg saver matures the money goes back in and it all starts over again Cash back on average leaves me with about £1-£1.50 a month "short" which I take out of the interest earned On balance it works better than a 1.2% int paying acc with no cash back That said if the rate went lower than 1.5 I'd consider moving although it would be a major headache moving all the SO.

Sorry to divert from the regular saver thread On that theme is anyone holding back on opening a fixed rate saver ( 12 mth s ) as there seems to be some indication int rates might rise I have a 3% fixed one that I could open today but not sure if worth waiting a few weeks ?

schiff

You could wait for the BoE announcement due in November?

3% is a better than average rate if it has no requirements ie a current account etc.

Murielson

Just thought I would check on MSE for savings advice but last 2 pages or so of this thread appear to be somewhat off topic.

Will try again later

schiff

Murielson wrote: »

Just thought I would check on MSE for savings advice but last 2 pages or so of this thread appear to be somewhat off topic.

Will try again later

I'm very much into regular savers and amongst many others I like this thread. I think you'll find that discussions are about 'aspects' relating to indulging in regular savers which, speaking personally, I appreciate. I think we can all learn more.

Perhaps you should start a thread 'Discuss aspects of regular savers HERE'?

Eco_Miser

Murielson wrote: »

Just thought I would check on MSE for savings advice but last 2 pages or so of this thread appear to be somewhat off topic.

Will try again later

So you make your own off-topic post.
You do realise that all the important information is in the regularly updated first ten posts?

glider3560

Eco_Miser wrote: »

So you make your own off-topic post.
You do realise that all the important information is in the regularly updated first ten posts?

Discussions about current accounts are not related to regular savers. It would make sense for these to be discussed on a separate thread, so only those interested see it, but also opening the discussion to a wider audience who may be interested in the Santander 123 current account, but may not care about regular savers.