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

allegro120

Bobblehat said:

trickydicky14 said:

But what does min % figures actually tell us, if person A has limited funds they will fund the highest RS's up to the point that the money runs out. Person B has much larger funds so may well fund accounts right down to say 4.75% as long as the rate is better than any easy access accounts. So what would we learn from this extra info? I know this is all a bit of fun but I would hope we would learn something from it.

People with the lowest minimum have the most finds  ..... only joking. I'll let others chip in on this question!

trickydicky14 said:

But what does min % figures actually tell us, if person A has limited funds they will fund the highest RS's up to the point that the money runs out. Person B has much larger funds so may well fund accounts right down to say 4.75% as long as the rate is better than any easy access accounts. So what would we learn from this extra info? I know this is all a bit of fun but I would hope we would learn something from it.

If somebody is contributing say £2k pm and their minimum is 5.25% indicates that they are likely to be missing a few good offers.  Just a thought.

Bobblehat

allegro120 said:

Bobblehat said:

Kim_13 said:

saverkev said:

Bobblehat said:

After Ch1ll1Phlakes experiment, I thought I'd see what the table would look like being generated directly from the spreadsheet (instead of coped from the forum) ....



Edit: Apart from the gap (which is not a blank line), I'd say this simple solution does the job! If the table were to expand to 3 figures of contributors in the future, I'd say this method will cope and provide a perfectly readable table.

p.s. Sorry Ch1lliPhlakes, it's pure coincidence that the split put you at the bottom of section 1. I feel slightly guilty about this after your help   

Looks good.
I aalso liked poolboy's idea of including peoples min % - atm I am going for above 6%

And thanks for your hard work @Bobblehat

To open currently, 6% fixed or 6.5% variable, although funding Stafford at £25 (4.4% - open ended) and Coventry Sunny Day at £10 (4.3% - prize draws.) The lowest receiving any significant funding is 5.5% (NatWest.) 

An interesting and detailed presentation of strategy, and perfectly understandable too.

I don't mean to sound particularly negative, but if I introduced another column pertaining to min%, as suggested by a few contributors, I'd be at a loss as how to summarise the strategy above into a single field! There lies my slight hesitance to expand the columns.

No offence meant to any individual contributor, but it might only be viable if a single % figure was posted. This does not stop contributors from explaining their strategy in a post, as Kim_13 has, which can be viewed in detail and applied by others who like the plan either wholly or in part 

If enough people indicated a single simple minimum percentage figure would be useful, I'd be happy to document it as and when contributors supplied it 

5.15% is my minimum at the moment.  I will update on changes in November, I think it's better to do it monthly rather than every time a change takes place.  I will maintain not to include the accounts I'm running for my spouse  

Thanks allegro120. I appreciate the thought about frequency of updates, but whatever suits you as there really isn't a massive amount of work involved in keeping the table up-to-date. In reality it holds far less data than Bridlington1's lists and as I enjoy reading every new post that comes in on here and Bridlington1's thread, its quite easy for a retiree to punch the numbers in, as and when they arrive 

DRS1

Well I am tempted to give everyone a conniption by revealing that I have a regular saver paying 2.45%.

Bobblehat

DRS1 said:

Well I am tempted to give everyone a conniption by revealing that I have a regular saver paying 2.45%.

Well, I had to Google that one! 

s71hj

DRS1 said:

Well I am tempted to give everyone a conniption by revealing that I have a regular saver paying 2.45%.

I had to Google "conniption" !!! 

Newly_retired

Update  15 RS, funding £3800.

guli

I have 65 Regular Savers, some under my OH's name which I manage. 15 of them are not being actively funded anymore as they are at or below the 5% threshold (any spare cash goes into my Cahoot SDSs)

The weighted savings interest rate on my monthly contribution is 6.256%

fabsaver

Update. I've opened 3 more since my initial post and my current tally of sole RS accounts is 65. Still waiting on the Scottish online version to appear so that I can make 66 

My current minimum rate for considering a new account is 4.75. If a variable rate falls below 4.50% it'll be closed unless there are other perks (such as the Coventry account with monthly prize draws).

Bobblehat

Phew! All went quiet for a few days and the thread disappeared onto page 2 for a short while ... so thanks for the updates.

Some high-roller figures near the top and you may notice I've added the "Min %" column by popular demand 

Ch1ll1Phlakes

Ok if Min % is being added to the table I might as well add mine at 5.5% and above.

Though as I just don't have the funds to fill 60+ regular savers (yet  ) I haven't opened all accounts that meet this threshold. There are about fifteen accounts that are above my minimum that I do not hold but am looking at the new Hanley 6.5% and the current account linked ones with First Direct and Virgin Money so watch this space.