organize fixed savings maturing at different times

cisko65

I have three different fixed saving account, with different maturity dates (June, September 2023 and March 2024). I opened each one of them when I had some extra money to invest, following MSE tips. 

It's getting difficult to keep track of it all, even with the details on folders and notes on my diary. 

Investing money through a financial consultancy firm is expensive, and they don't always do their best. And choosing a reliable indipendent adviser not easy either. 

Any advice?

Thanks

wmb194

cisko65 said:

I have three different fixed saving account, with different maturity dates (June, September 2023 and March 2024). I opened each one of them when I had some extra money to invest, following MSE tips. 

It's getting difficult to keep track of it all, even with the details on folders and notes on my diary. 

Investing money through a financial consultancy firm is expensive, and they don't always do their best. And choosing a reliable indipendent adviser not easy either. 

Any advice?

Thanks

I use MS Money 2005 to keep track of these things and there are other personal finance databases out there like Ace Money but with so few accounts would an Excel spreadsheet suffice? I add important dates with alerts to my MS Outlook calendar.

cisko65

wmb194 said:

cisko65 said:

I have three different fixed saving account, with different maturity dates (June, September 2023 and March 2024). I opened each one of them when I had some extra money to invest, following MSE tips. 

It's getting difficult to keep track of it all, even with the details on folders and notes on my diary. 

Investing money through a financial consultancy firm is expensive, and they don't always do their best. And choosing a reliable indipendent adviser not easy either. 

Any advice?

Thanks

I use MS Money 2005 to keep track of these things and there are other personal finance databases out there like Ace Money but with so few accounts would an Excel spreadsheet suffice? I add important dates with alerts to my MS Outlook calendar.

We'll have a look at MS Outlook calendar. Thanks.

Bigwheels1111

3, how is that an issue.

Just looked and I have 11 fixed rates and 5 regular savers, 9 bank accounts, 5 easy access accounts & 7 ISA.

I just Pdf have a list on my desktop.

Plus another list to keep track on interest payment for next year tax return.

10 minutes a week max to keep up to date.

refluxer

Keeping on top of 3 fixed rate accounts shouldn't be an issue as they require no real ongoing maintenance. As suggested above, just make sure you mark the maturity dates in whatever online calendar you use and it's a good idea to set a notification for a couple of weeks beforehand - this advanced warning gives you chance to suss out the latest savings rates so you can determine the best place for the maturing funds and submit your maturity instructions in plenty of time. You should also get notifications of some description from the bank or building society so make sure they always have your correct postal address and/or your current email address.   

Keeping a record of your accounts using dedicated software or an excel spreadsheet is a good idea. I've developed my own using Excel and record the useful/essential information for all the accounts I open.