Regular Savings Accounts: The Best Currently Available List!

ColdIron

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

Since when were there 12 days in a year?

masonic

ColdIron said:

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

Since when were there 12 days in a year?

The discussion was about having each monthly deposit sitting in the current account not earning interest on the day prior to the standing order triggering.

ColdIron

masonic said:

ColdIron said:

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

Since when were there 12 days in a year?

The discussion was about having each monthly deposit sitting in the current account not earning interest on the day prior to the standing order triggering.

Ah ha, there had to be a reason, but I threw caution to the wind and posted anyway

Apols to subjecttocontract

subjecttocontract

ColdIron said:

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

Since when were there 12 days in a year?

Read the thread......it refers to loosing interest on one day each month of the year.

surreysaver

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

And the current account requires £800pm funding. So the payment will be taken from this £800 coming in, as I have to log anyway in to send the surplus to the next account which requires monthly funding 

csw5780

surreysaver said:

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

And the current account requires £800pm funding. So the payment will be taken from this £800 coming in, as I have to log anyway in to send the surplus to the next account which requires monthly funding 

Only required for “Everyday Rewards”. 

surreysaver

csw5780 said:

surreysaver said:

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

And the current account requires £800pm funding. So the payment will be taken from this £800 coming in, as I have to log anyway in to send the surplus to the next account which requires monthly funding 

Only required for “Everyday Rewards”. 

Indeed. That's what I've got.

surreysaver

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

Multiplied by each account I would have to do that for. Some accounts require you to log in every month, so might as well do that at the same time as moving money. Plus gives an opportunity to check the account and that all is in order 

allegro120

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

It's more than 12 days, there are also weekends and bank holidays.  Unfortunately you can't set up SO for random days of the month. It may be 42p per day per account, but I have about 30 RSs so it adds up a larger amount of unnecessary loss of interest.  The only RS I feed via SO is First Direct because there is no other option.

subjecttocontract

surreysaver said:

subjecttocontract said:

Are you joking ?....£250 @ 5% = 3.5 pence a day x 12. = 42 pence a year.

Multiplied by each account I would have to do that for. Some accounts require you to log in every month, so might as well do that at the same time as moving money. Plus gives an opportunity to check the account and that all is in order 

So you weren't joking........
I've got over 20 regular savers running and none of them require me to log in every month.
My process (open account, set up S/O, forget about it until maturity) is usually quick, easy, requires no on going maintenance and allows me to continue to achieve my goal of growing old disgracefully.