NatWest digital regular saver

RG2015

EdGasketTheSecond said:

RG2015 said:

EdGasketTheSecond said:

Not worth the faff for the £15 max interest you will get over the year

Opened the account in one minute. Where is the faff in that?

Another account to manage, SO to set up, 1K tied up to earn only £15 in year one, no interest above 1K. Sounds a bit of an option for losers. Anyway enjoy your free coffee and cake in a year's time.

Much obliged for being characterised as a loser.

Bit like Trump's view of Senator John McCain.

csgohan4

EdGasketTheSecond said:

RG2015 said:

EdGasketTheSecond said:

Not worth the faff for the £15 max interest you will get over the year

Opened the account in one minute. Where is the faff in that?

Another account to manage, SO to set up, 1K tied up to earn only £15 in year one, no interest above 1K. Sounds a bit of an option for losers. Anyway enjoy your free coffee and cake in a year's time.

We don't all have gold/ krugerands to hand

EdGasketTheSecond

csgohan4 said:

EdGasketTheSecond said:

RG2015 said:

EdGasketTheSecond said:

Not worth the faff for the £15 max interest you will get over the year

Opened the account in one minute. Where is the faff in that?

Another account to manage, SO to set up, 1K tied up to earn only £15 in year one, no interest above 1K. Sounds a bit of an option for losers. Anyway enjoy your free coffee and cake in a year's time.

We don't all have gold/ krugerands to hand

You could have if you wanted instead of investing in this account which will most likely still lose out to real inflation.

Herbalus

EdGasketTheSecond said:

csgohan4 said:

EdGasketTheSecond said:

RG2015 said:

EdGasketTheSecond said:

Not worth the faff for the £15 max interest you will get over the year

Opened the account in one minute. Where is the faff in that?

Another account to manage, SO to set up, 1K tied up to earn only £15 in year one, no interest above 1K. Sounds a bit of an option for losers. Anyway enjoy your free coffee and cake in a year's time.

We don't all have gold/ krugerands to hand

You could have if you wanted instead of investing in this account which will most likely still lose out to real inflation.

We’ve all spent 10x more time arguing on this thread about whether it’s worth it than it took to set up.

Setting up a standing order is hardly taxing. When you apply for it you just ticked “set up standing order from my current account” and it does it for you. Hardly a faff.

and I don’t understand what there is to “manage”? It’s a savings account with £50 going in each month. You just leave it.

surreysaver

EdGasketTheSecond said:

RG2015 said:

EdGasketTheSecond said:

Not worth the faff for the £15 max interest you will get over the year

Opened the account in one minute. Where is the faff in that?

Another account to manage, SO to set up, 1K tied up to earn only £15 in year one, no interest above 1K. Sounds a bit of an option for losers. Anyway enjoy your free coffee and cake in a year's time.

The SO is set up as part of the application process. 
There is no need to manage the account, except to open it and close it. 
And its a hobby anyway 

RG2015

It’s more about the save v invest issue rather than this specific account. Above a certain level for emergency cash, the main protagonists are polarised and very few will be minded to change their position.

In this proxy war, the interest rate race to the bottom is effective ammunition for the investment advocates.

EdGasketTheSecond

surreysaver said:

EdGasketTheSecond said:

RG2015 said:

EdGasketTheSecond said:

Not worth the faff for the £15 max interest you will get over the year

Opened the account in one minute. Where is the faff in that?

Another account to manage, SO to set up, 1K tied up to earn only £15 in year one, no interest above 1K. Sounds a bit of an option for losers. Anyway enjoy your free coffee and cake in a year's time.

The SO is set up as part of the application process. 
There is no need to manage the account, except to open it and close it. 
And its a hobby anyway 

Well then there's the on going issue of making sure you have the £50 available in your account each month and accounting for it going out so you don't go overdrawn. The money in your current account waiting around to be actioned by the standing order isn't earning interest either.

colsten

EdGasketTheSecond said:

surreysaver said:

EdGasketTheSecond said:

RG2015 said:

EdGasketTheSecond said:

Not worth the faff for the £15 max interest you will get over the year

Opened the account in one minute. Where is the faff in that?

Another account to manage, SO to set up, 1K tied up to earn only £15 in year one, no interest above 1K. Sounds a bit of an option for losers. Anyway enjoy your free coffee and cake in a year's time.

The SO is set up as part of the application process. 
There is no need to manage the account, except to open it and close it. 
And its a hobby anyway 

Well then there's the on going issue of making sure you have the £50 available in your account each month and accounting for it going out so you don't go overdrawn. The money in your current account waiting around to be actioned by the standing order isn't earning interest either.

I am waiting for you to mention an actual problem with having these two accounts at Natwest and at RBS. C'mon, try a bit harder 

EdGasketTheSecond

It doesn't look like you can make a lump sum payment greater than £50 So the most interest you can get in year 1 is £9.88; wow, less than some brokers charge on one trade, hardly worth discussing.

colsten

EdGasketTheSecond said:

It doesn't look like you can make a lump sum payment greater than £50 So the most interest you can get in year 1 is £9.88; wow, less than some brokers charge on one trade, hardly worth discussing.

For instant access cash savings, a trade with a broker is hardly a viable alternative. If there‘s a better paying regular saver, please let us know.