Regular Savings Accounts: The Best Currently Available List!

schiff

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

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?