The Top Regular Savers Discussion Thread

where_are_we

clairec666 said:

s71hj said:

Out of interest, how many people on here utilise 0% credit cards to support their regular saver.... habit like I do. 

Yes, but only recently, as I was brought up with the mindset that credit card = bad.
I can now use them safe in the knowledge that I have the savings to cover paying them off.

I have been slow stoozing with 0% purchases zero fee credit cards for many years. Then when the offer expires I use a 0% zero fee balance transfer to extend further the "free money" time when I am making more than 5% in RS`s. With high interest rates over the last couple of years there has never been a better time to stooze. My stoozing is up to about £20k.
But only do this if you have the capital to pay off the debt completely before any 0% offer runs out and you have the discipline to adhere to all the T&C`s. Consult the credit card forum on stoozing for further information.

Born2Save_3

jameseonline said:

Things seem ok with my Principality accounts, can't fund 2 of them though as already maxed out which does mean of course we get to play the can we get another issue 4 game TWICE this month 😁.

I've always been able to deposit a 13th/7th full payment; no issues. Or have I misunderstood you ?

MisterMotivated

I'm stoozing as well, currently around £17k.  I recently transferred some balances to a new 0% card for a modest 2.49% fee (already used the no-fee options), allowing the money to earn me between 5% and 7.5% interest for the next 31 months

surreysaver

where_are_we said:

clairec666 said:

s71hj said:

Out of interest, how many people on here utilise 0% credit cards to support their regular saver.... habit like I do. 

Yes, but only recently, as I was brought up with the mindset that credit card = bad.
I can now use them safe in the knowledge that I have the savings to cover paying them off.

I have been slow stoozing with 0% purchases zero fee credit cards for many years. Then when the offer expires I use a 0% zero fee balance transfer to extend further the "free money" time when I am making more than 5% in RS`s. With high interest rates over the last couple of years there has never been a better time to stooze. My stoozing is up to about £20k.
But only do this if you have the capital to pay off the debt completely before any 0% offer runs out and you have the discipline to adhere to all the T&C`s. Consult the credit card forum on stoozing for further information.

There has been a better time to stooze - about 20 years ago, before the financial crisis. Higher rates in ISAs and lower balance transfer fees than there are now

dcs34

Melton BS
Anyone having issues getting confirmation of payee matches? I've paid one account, but when setting up the payment for the second it thinks I'm paying to a personal HSBC account.

jameseonline

Born2Save_3 said:

jameseonline said:

Things seem ok with my Principality accounts, can't fund 2 of them though as already maxed out which does mean of course we get to play the can we get another issue 4 game TWICE this month 😁.

I've always been able to deposit a 13th/7th full payment; no issues. Or have I misunderstood you ?

The max limit per 6 month account is £1200, if you been able to fund more you've been lucky not to have overpayment returned 

Born2Save_3

jameseonline said:

Born2Save_3 said:

jameseonline said:

Things seem ok with my Principality accounts, can't fund 2 of them though as already maxed out which does mean of course we get to play the can we get another issue 4 game TWICE this month 😁.

I've always been able to deposit a 13th/7th full payment; no issues. Or have I misunderstood you ?

The max limit per 6 month account is £1200, if you been able to fund more you've been lucky not to have overpayment returned 

I think this limit is not enforced. With all RS I try to put in as much as I can and if it bounces, so be it.
The 6M RS I3 I had that matured last month had a final balance of £1428.+, and a 1Y Bond I35 final balance was £3335.+; so 7 and 13 full deposits. I can't recall having any over funding issues.

masonic

surreysaver said:

where_are_we said:

clairec666 said:

s71hj said:

Out of interest, how many people on here utilise 0% credit cards to support their regular saver.... habit like I do. 

Yes, but only recently, as I was brought up with the mindset that credit card = bad.
I can now use them safe in the knowledge that I have the savings to cover paying them off.

I have been slow stoozing with 0% purchases zero fee credit cards for many years. Then when the offer expires I use a 0% zero fee balance transfer to extend further the "free money" time when I am making more than 5% in RS`s. With high interest rates over the last couple of years there has never been a better time to stooze. My stoozing is up to about £20k.
But only do this if you have the capital to pay off the debt completely before any 0% offer runs out and you have the discipline to adhere to all the T&C`s. Consult the credit card forum on stoozing for further information.

There has been a better time to stooze - about 20 years ago, before the financial crisis. Higher rates in ISAs and lower balance transfer fees than there are now

I've managed to avoid paying any BT fees on my ~£11k stooze pot. This does mean slightly more frequent BTs though and a limited choice of providers. I would agree it was better pre-gfc, especially if you factor in cashback on 0% purchase cards.

Kim_13

dcs34 said:

Melton BS
Anyone having issues getting confirmation of payee matches? I've paid one account, but when setting up the payment for the second it thinks I'm paying to a personal HSBC account.

Yep, wanted to add Adcock to a different current account a week or so ago but no match, either with old or adjusted new details. Guessing it's part of a wider issue and that's why they haven't relaunched any Regular Savers yet.

chris_the_bee

Kim_13 said:

dcs34 said:

Melton BS
Anyone having issues getting confirmation of payee matches? I've paid one account, but when setting up the payment for the second it thinks I'm paying to a personal HSBC account.

Yep, wanted to add Adcock to a different current account a week or so ago but no match, either with old or adjusted new details. Guessing it's part of a wider issue and that's why they haven't relaunched any Regular Savers yet.

Melton BS
I found that you have to quote all of your names including middle, then I had a successful COP.