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Being nosey... How many Regular Saver accounts do you have?
Comments
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1 & 2 ... I would say they do count because, as you say, you could contribute to them!subjecttocontract said: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 ?
3 ... if you've moved the proceeds out of a matured account, or all but a nominal small amount, then I'd say no. If you've left the proceeds in, then I would say yes, as that is where you are still holding the money even though it's matured. Just my opinion ... others might think differently!
I'll update your entry, if you provide the new figures
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Does the 3 year old Halifax account still show as an RS or has it been converted to an Instant Saver or similar?subjecttocontract said: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 ?0 -
The Halifax RS just empties into a separate saver and rolls over for another year.Bobblehat said:
Does the 3 year old Halifax account still show as an RS or has it been converted to an Instant Saver or similar?subjecttocontract said: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 ?1 -
When I log into my Halifax accounts this is showing as a reg saver with zero balance. Got the date wrong.....I opened it in March 2024..Bobblehat said:
Does the 3 year old Halifax account still show as an RS or has it been converted to an Instant Saver or similar?subjecttocontract said: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 ?1 -
This one hasnt. It's still showing as a reg saver.masonic said:
The Halifax RS just empties into a separate saver and rolls over for another year.Bobblehat said:
Does the 3 year old Halifax account still show as an RS or has it been converted to an Instant Saver or similar?subjecttocontract said: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 ?1 -
My total deposit into RS in September was £14570. Calculating the current value is too much of a task for me as I don't record this in my spreadsheet. I don't know what my up to date RS return is, I've been using regular savers for over 20 years, so it must be a substantial amount.Bobblehat said:With a little flurry of new contributors, time for an update.
Brie now has company in the relegation zone
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If it is still showing as a regular saver, and it has been open for more than a year, then it has emptied into a separate saver and rolled over for another year. It may be the case that the balance that it spat out at the end of the 12 month term was zero if you opened it and never funded it. For most people, there will at least be some interest at the end of the 12 months that will be paid out before the account resets. It is not an account where the 12 month term starts when you first fund it, so you need to be aware that it has already been through one maturity, and will mature again each March until you close or upgrade it to a different type of account.subjecttocontract said:
This one hasnt. It's still showing as a reg saver.masonic said:
The Halifax RS just empties into a separate saver and rolls over for another year.Bobblehat said:
Does the 3 year old Halifax account still show as an RS or has it been converted to an Instant Saver or similar?subjecttocontract said: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 ?1 -
Exactly this. The only way to stop a rollover is to close any Easy Savers or similarly named accounts, so that there is nowhere for the account to spit out the proceeds to - then Halifax convert the Regular Saver to an EA instead and you can reopen a new RS manually at a time that works best for you.masonic said:
If it is still showing as a regular saver, and it has been open for more than a year, then it has emptied into a separate saver and rolled over for another year. It may be the case that the balance that it spat out at the end of the 12 month term was zero if you opened it and never funded it. For most people, there will at least be some interest at the end of the 12 months that will be paid out before the account resets. It is not an account where the 12 month term starts when you first fund it, so you need to be aware that it has already been through one maturity, and will mature again each March until you close or upgrade it to a different type of account.subjecttocontract said:
This one hasnt. It's still showing as a reg saver.masonic said:
The Halifax RS just empties into a separate saver and rolls over for another year.Bobblehat said:
Does the 3 year old Halifax account still show as an RS or has it been converted to an Instant Saver or similar?subjecttocontract said: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 ?
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Ah! I wondered why I closed my last HX EA ... you've reminded me!Kim_13 said:
Exactly this. The only way to stop a rollover is to close any Easy Savers or similarly named accounts, so that there is nowhere for the account to spit out the proceeds to - then Halifax convert the Regular Saver to an EA instead and you can reopen a new RS manually at a time that works best for you.masonic said:
If it is still showing as a regular saver, and it has been open for more than a year, then it has emptied into a separate saver and rolled over for another year. It may be the case that the balance that it spat out at the end of the 12 month term was zero if you opened it and never funded it. For most people, there will at least be some interest at the end of the 12 months that will be paid out before the account resets. It is not an account where the 12 month term starts when you first fund it, so you need to be aware that it has already been through one maturity, and will mature again each March until you close or upgrade it to a different type of account.subjecttocontract said:
This one hasnt. It's still showing as a reg saver.masonic said:
The Halifax RS just empties into a separate saver and rolls over for another year.Bobblehat said:
Does the 3 year old Halifax account still show as an RS or has it been converted to an Instant Saver or similar?subjecttocontract said: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 ?0 -
Are people doing these after they have used their ISA allowance ? I am working out how to save when I have finished paying off debt. I will be able to save approx 1000 a month. I realise it is a while off but keeps me sane!
Sept 24 : £32000 Aug catch up - £11436
May 25 : £14000 Sept 25 - £10635
June 25 : £13000 Sep catch up - £10356
July 25 : £12000 Oct 25 - £9569
Aug 25 : £118800
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