13th Regular Savings Payment Trick

[Deleted User]

friolento said:

@[Deleted User]

If you put £100 into your Natwest Digital Saver on the first of each month, and keep the money in there, you will have earned £39 after a year - if Natwest keep the interest rate at 6.12%. Assuming your current account pays no interest, you would have earned nothing - and you might even have spent some or all of your monthly £100.

If you use the COOP or First Direct Regular savers, you can make £45 as they pay 7%. First Direct is a Fixed Rate, too - and they pay you at least another £45 if you open their pre-req current account via Topcashback. Unfortunately, their current switch offer ends tomorrow, so unless you want to dive in at the deep end and request to switch your existing current account today, you won't get another £175 on top of it. But you should be able to bag £45 + £45 = £90, even without a switch

You can use the Moneysavingexpert Regular Saver calculator to play with different scenarios for the Regular Savers.

Thanks for the advice.

eskbanker

[Deleted User] said:

Can l ask a question that isn't  really about this thread.
I opened a natwest digital regular saver and put the max £150 in the first  month, but from now on, I'll  only be putting £100 will l gain much by doing this?

For future reference, it's better etiquette to start your own thread or find a more appropriate existing one, rather than diverting one on a subject that's only tangentially related.

[Deleted User]

eskbanker said:

[Deleted User] said:

Can l ask a question that isn't  really about this thread.
I opened a natwest digital regular saver and put the max £150 in the first  month, but from now on, I'll  only be putting £100 will l gain much by doing this?

For future reference, it's better etiquette to start your own thread or find a more appropriate existing one, rather than diverting one on a subject that's only tangentially related.

Ok. I did say it wasn't really related.
I'll  take on board your advice.

eskbanker

[Deleted User] said:

eskbanker said:

[Deleted User] said:

Can l ask a question that isn't  really about this thread.
I opened a natwest digital regular saver and put the max £150 in the first  month, but from now on, I'll  only be putting £100 will l gain much by doing this?

For future reference, it's better etiquette to start your own thread or find a more appropriate existing one, rather than diverting one on a subject that's only tangentially related.

Ok. I did say it wasn't really related.
I'll  take on board your advice.

Yes, but declaring that you're knowingly taking a thread off-topic doesn't actually justify doing it, and it's not so much 'my advice' but forum rules:

2. Stay on track.

Always be relevant and on-topic, or risk your posts being removed

[...]

Stay on track

Conversations work best when on topic, so keep your posts relevant and constructive. Derailing and disruptive posting is unacceptable.

https://www.moneysavingexpert.com/site/forum-faqs/

[Deleted User]

eskbanker said:

[Deleted User] said:

eskbanker said:

[Deleted User] said:

Can l ask a question that isn't  really about this thread.
I opened a natwest digital regular saver and put the max £150 in the first  month, but from now on, I'll  only be putting £100 will l gain much by doing this?

For future reference, it's better etiquette to start your own thread or find a more appropriate existing one, rather than diverting one on a subject that's only tangentially related.

Ok. I did say it wasn't really related.
I'll  take on board your advice.

Yes, but declaring that you're knowingly taking a thread off-topic doesn't actually justify doing it, and it's not so much 'my advice' but forum rules:

2. Stay on track.

Always be relevant and on-topic, or risk your posts being removed

[...]

Stay on track

Conversations work best when on topic, so keep your posts relevant and constructive. Derailing and disruptive posting is unacceptable.

https://www.moneysavingexpert.com/site/forum-faqs/

OK I'll follow forum rules.
Sorry everyone. 

jameseonline

It was about a regular saver so I didn't see a major issue with it.

It's not like I started a thread about regular savings and you started talking about you visiting a castle or anything.

[Deleted User]

jameseonline said:

It was about a regular saver so I didn't see a major issue with it.

It's not like I started a thread about regular savings and you started talking about you visiting a castle or anything.

Thank you. Still a newbie on here.