General Discussion and Whimsical Banter

subjecttocontract

In that case it's even more obvious but I'm unable to discuss it on the forum.

alfred64

Thought the recent fine weather would be ideal to visit one or two branches where I have regular savings accounts and also to open accounts where it is branch only - but I found it was much too hot for travelling around and temporarily abandoned the idea.

Good time to start from tomorrow. First of month with temperatures down and regular savers to pay.

Want to visit Leek for the Hanley rs. One entry in the savings book when first opened, online payments since. Same with Melton's Adcock.

And as for Dudley, I'm still waiting for the passbook from opening the 5.5% RS in April to which I've already made two monthly payments. Book was supposed to have been posted to me.

Makes life interesting.

mon3ysav3r

https://forums.moneysavingexpert.com/discussion/comment/82017754#Comment_82017754

I had to phone Dudley in the end when no passbook arrived, they could see on the system that they had forgotten to post out my passbook. The passbook was then sent immediately out to me after I called. They answered very promptly.

alfred64

I've been doing a little research into the regular savers. Apparently, according to google,

. The modern fixed-term monthly regular saver (with strict limits and high interest rates) primarily evolved in the early 2000s as a retail loss-leader by Building Societies to compete with commercial banks.

The Yorkshire Building Society is widely credited as a major pioneer.

They popularized the modern "little and often" monthly saver in September 2003 with their £50/month Regular Saver, a product heavily credited for driving the modern regular saver boom

Interesting. We've a lot to be grateful for, then.

Wonder which of our members are amongst the pioneers!

mon3ysav3r

https://forums.moneysavingexpert.com/discussion/comment/82024939#Comment_82024939

Talking of regular savers I just noticed that my "Teachers BS - Everyone Regular Savings" is on row 314 of my spreadsheet - made me chuckle anyway, for approximately 3.14159265359 seconds

LHW99

https://forums.moneysavingexpert.com/discussion/comment/82036816#Comment_82036816

Hope your pi is well filled 🤣

alfred64

There may not be any money elites on the forum but many are in the upper groups of the population, financially speaking.

£20,000 to £50,000: Held by 12% of the adult population

£50,000 to £100,000: Held by 8% of the adult population

£100,000 to £250,000: Held by 8% of the adult population

Over £250,000: Held by 6% of the adult population.

While

 39% of UK adults (approx. 21 million people) have £1,000 or less saved

25% of Brits (approx. 13.5 million people) have £200 or less

And sadly

16% of adults (approx. 8.9 million people) have zero savings at all.

Bob2000

Bought some cheapo shortbread biscuits from B&M the other day and was wondering why there is an image of the elephant man on them? 😆

I was watching the film the other night and was struck by the resemblance. Or is it just me. 😆

masonic

https://forums.moneysavingexpert.com/discussion/comment/82149475#Comment_82149475

It looks like the upper and lower figures come from different surveys. The lower set of figures (£1,000 or less, £200 or less, and none) appear to be from https://www.finder.com/uk/savings-accounts/saving-statistics which goes into more detail on how those stats vary across demographics.

fabsaver

https://forums.moneysavingexpert.com/discussion/comment/82149475#Comment_82149475

It's not clear but I would interpret as follows. A total of 34% have £20,000 or more and 39% have £1,000 or less. That leaves 27% in the £1,000 to £20,000 bracket.