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

Bobblehat

daz378 said:

Yes moneybox is easy access...found the mse  table of  regular saver accounts...might open another current account to access another regular saver...also got a s&s isa and cash isa with moneybox...thanks for info

Also look at Bridlington1's extensive list on page 1 of the Top Regular Savers thread ...

https://forums.moneysavingexpert.com/discussion/6576962/the-top-regular-savers-discussion-thread/p1

It'll get addictive 

Dugal

I had the Club Lloyds RS for a number of years before becoming aware of the RS threads early last summer.  I now have 24 accounts, currently containg £34k with a max monthly input of £6700, though only £5200 of standing orders.  Average interest rate 5.79% which equates to £5.46 a day of interest.  Looking to the future I am likely to have >50k invested in RS accounts by next summer, thanks to Monmouth BS. As others have said it is addictive with a degree of FOMO.

Thanks to @Bridlington1 and all the other contributors to the RS threads.

Bobblehat

Some more additions ...

clairec666

Since giving you my figures, I've had one account mature, but replaced it with the new Progressive 7%, so.... back at 18. In an ideal world I'll just be operating a one-in one-out system over the next few months. Expecting number of accounts and monthly deposits to remain steady, but total value will increase rather a lot until Monmouthshire matures (or earlier if they slash the interest rate...)

Bobblehat

No problem with even the most minor of updates, folks ..... far less work than Bridlington1 puts in on our behalf into the main RS thread 

For everyone's sanity though, I've resisted posting an updated table after every contributor has submitted their figures or updates. Rest assured that if you see a thanks from me in your post, I've read it and incorporated the details into the table, as appropriate, ready for the next update posting. 

daz378

Set up co OP current account...provisionally accepted...pending checks ...in only 30 minutes...so will hopefully have a co op regular saver next week

clairec666

I don't know how we'd measure it, but I wonder from our little league table who is the most successful at spreading their regular savers throughout the year. Even though I'm languishing in mid-table, I reckon I've done a good job of spreading my 18 accounts evenly throughout the year. Over next year I've got either one or two maturing each month. Which means the money can be pumped straight back into the system and won't be languishing in easy access accounts.

Haven't really thought through the maths behind it, but taking the "Value" column divided by the "PM" column should give a good indication of spread.

potlings

I have 12 in total. Principality 7.5%, 7.5%, 7%. Saffron 8%. Co-op 7%, Skipton 6%, Monmouthshire 7%,6%, Darlington 6%,, Virgin 6.5%, Manchester 5.5%., YBS 6%, Had a couple of others but the interest rate on them fell below 5.5% so they have now gone. 

Bobblehat

clairec666 said:

I don't know how we'd measure it, but I wonder from our little league table who is the most successful at spreading their regular savers throughout the year. Even though I'm languishing in mid-table, I reckon I've done a good job of spreading my 18 accounts evenly throughout the year. Over next year I've got either one or two maturing each month. Which means the money can be pumped straight back into the system and won't be languishing in easy access accounts.

Haven't really thought through the maths behind it, but taking the "Value" column divided by the "PM" column should give a good indication of spread.

Except for those contributors who have recently got the bug and opened several or even double-figures quite rapidly 

Kim_13

clairec666 said:

I don't know how we'd measure it, but I wonder from our little league table who is the most successful at spreading their regular savers throughout the year. Even though I'm languishing in mid-table, I reckon I've done a good job of spreading my 18 accounts evenly throughout the year. Over next year I've got either one or two maturing each month. Which means the money can be pumped straight back into the system and won't be languishing in easy access accounts.

Haven't really thought through the maths behind it, but taking the "Value" column divided by the "PM" column should give a good indication of spread.

For me, I’d count PM as the amount I expected to fund each month (which is variable) rather than the total capacity of the RS accounts. I could fill in value fairly easily with a new spreadsheet though (current version lists total value of all cash savings.)

Mine are just getting towards 1 per month, although with a little adjustment. Principality Christmas will spend about a week in an EA after maturing later this month before funding November; MHBS matures on 30/11 but being a Sunday, that will be December’s. Then Principality Healthy Habits will spend Christmas and New Year in the EA before being January’s. 6 Month Principality Issue 4 is up at the end of February and Halifax in April. Loughborough Holiday Monthly Saver will have to count as June I suspect, as it looks like a postal withdrawal and cheque will be necessary. For July I have Dudley, August Monmouthshire (though being the biggest and maturing at the end of the month it will do for September too.) October Progressive, and Scottish will be opened later this month to be used to fund November 2026. 

There are months with two in, and I haven’t yet renewed Nationwide or Skipton so should be able to grab those in a month with no new accounts, as they have a fairly consistent record of having an RS available of late.