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Being nosey... How many Regular Saver accounts do you have?

18911131445

Comments

  • clairec666
    clairec666 Posts: 778 Forumite
    500 Posts Name Dropper
    I'm putting in up to £4500 per month, mostly from proceeds of maturing accounts, with a top up from my salary. Current value is just short of £25000. Likely to rise a lot over the coming months, until next August when Monmouthshire matures and there will be a massive drop off.

    Included Natwest in my numbers, even though I don't really use it like a regular saver. It's been at £5000 for a while and I dip into it occasionally to fund higher-paying accounts.
  • Bobblehat
    Bobblehat Posts: 992 Forumite
    Eighth Anniversary 500 Posts I've been Money Tipped! Name Dropper
    edited 4 October at 10:59AM
    I'm putting in up to £4500 per month, mostly from proceeds of maturing accounts, with a top up from my salary. Current value is just short of £25000. Likely to rise a lot over the coming months, until next August when Monmouthshire matures and there will be a massive drop off.

    Included Natwest in my numbers, even though I don't really use it like a regular saver. It's been at £5000 for a while and I dip into it occasionally to fund higher-paying accounts.
    Yes, the current value or "Value" figures in the table, must be quite variable as they presumably increase monthly by the "PM" figure that people have declared as their monthly contributions, but decrease by the value of maturing/closed RS's (which have not been declared). Nevertheless the table shows the RS count of those that are playing the game and contributing to this thread .... which is what the OP asked  :)

    I'm sure RS addicts viewing this thread have enjoyed seeing the figures and made use of/pondered the figures as is their wont! Surely most are aware of the fact that we are just looking at a snapshot of a moving image (with blurred edges), so thanks to all that have contributed, and thanks to the OP for initiating the game!
  • masonic
    masonic Posts: 27,959 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 4 October at 11:49AM
    I think The numbers are questionable.

    Is a regular saver a regular saver if you are not paying into it regularly ?
    I fully fund all of my 20 and am at or near a point of equilibrium, with a monthly commitment of £6,125. As I did my monthly financial snapshot this morning, my current balance across these accounts is £33,975 and annual interest at current rates and balances is £2,102.
  • Malchester
    Malchester Posts: 1,024 Forumite
    Eighth Anniversary 500 Posts Photogenic Name Dropper
    Currently have a massive 0 [zero]
  • deinoflex
    deinoflex Posts: 88 Forumite
    Part of the Furniture 10 Posts Name Dropper Photogenic
    I've got none too.
  • trickydicky14
    trickydicky14 Posts: 1,367 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    How are folks assessing returns, is the figure based just on the RS returns or does the figure include interest from the feeder account as well?
    I choose the rooms that I live in with care,
    The windows are small and the walls almost bare,
    There's only one bed and there's only one prayer;
    I listen all night for your step on the stair.
  • masonic
    masonic Posts: 27,959 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 4 October at 1:17PM
    How are folks assessing returns, is the figure based just on the RS returns or does the figure include interest from the feeder account as well?
    I just took the current balance x rate for each account. To a large extent my feeder accounts are maturing RS. I dip in to EA accounts temporarily from time to time, but haven't accounted for that. Any net increase needs to come from income.
  • subjecttocontract
    subjecttocontract Posts: 2,989 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    1. I've got a 3 year old Halifax reg saver which Halifax seem to think is open, it has a balance of zero, I do not contribute to it but, I guess I could, but wont.....does that count ?

    2. I've got a Manchester BS Reg Saver which I don't know why I opened, I have no intention of ever contributing any more to it. Manchester think it's a regular saver account but I'm using it as an easy access account........does that count ?

    3. What about any reg saver accounts that have matured but have not been closed (usually because providers don't make closure easy).......technically those accounts are still open......do they count ?
  • Bobblehat
    Bobblehat Posts: 992 Forumite
    Eighth Anniversary 500 Posts I've been Money Tipped! Name Dropper
    edited 4 October at 1:27PM
    How are folks assessing returns, is the figure based just on the RS returns or does the figure include interest from the feeder account as well?
    I left out any EA returns and summed up the calculated interest at maturity. Included in the calculation is the extra interest generated by 13 (or more) payments and factors in my strategy (where appropriate) of opening late in the calendar month, funding immediately and then funding as soon in the next month as allowed!

    edit: I must check that I added in Mrs Bobblehat's contribution!

    edit: I did!
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