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

clairec666

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

clairec666 said:

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

subjecttocontract said:

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.

francoghezzi

27 (and remarkably only 1 with Principality ) with the last one opened on Wednesday morning visiting the Scottish Building Society branch in Troon. It all started few years ago with my first regular saver with Coventry. I still remember the joy when I received my interests at the end of the year, not an easy task for someone on minimum wage but who knows the value of being a saver having been brought up in an Italian family, a country where 'savings' are a 'must' and something your parents teach you about since you are a young lad

Malchester

Currently have a massive 0 [zero]

deinoflex

I've got none too.

trickydicky14

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?

masonic

trickydicky14 said:

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

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

trickydicky14 said:

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!