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

fuzzzzy

I originally said I had around 10 regular savers. I have finally got around to counting them and find I have 13 in total, fully funded each month to the tune of £4475, minimum interest 5.5%.

I just applied to the Hanley BS today but will probably be letting that one pass as they are asking me to e-mail proof of ID, which I don't want to do. I usually get verified electronically without a problem as I have lived at my current address for a number of years so I am wondering what has prompted a request for ID this time. I did use a newer bank account that I just switched to in July as the nominated account instead of a much older one I usually use. I am wondering if I reapply at the end of the month with my other older account as nominated account I might just pass the electronic verification. Wondered how many people passed the electronic verification with Hanley. Was I just unlucky or are they demons for ID like the Progressive?

In answer to one of topyams original questions on criteria for opening I guess after high interest rate and high funding level my next main criteria is ease of opening.

Kim_13

At what point were people asked for ID by Hanley? I got a welcome email with no request, so maybe I’ve passed the electronic checks.

Bobblehat

fuzzzzy said:

I originally said I had around 10 regular savers. I have finally got around to counting them and find I have 13 in total, fully funded each month to the tune of £4475, minimum interest 5.5%.

I just applied to the Hanley BS today but will probably be letting that one pass as they are asking me to e-mail proof of ID, which I don't want to do. I usually get verified electronically without a problem as I have lived at my current address for a number of years so I am wondering what has prompted a request for ID this time. I did use a newer bank account that I just switched to in July as the nominated account instead of a much older one I usually use. I am wondering if I reapply at the end of the month with my other older account as nominated account I might just pass the electronic verification. Wondered how many people passed the electronic verification with Hanley. Was I just unlucky or are they demons for ID like the Progressive?

In answer to one of topyams original questions on criteria for opening I guess after high interest rate and high funding level my next main criteria is ease of opening.

Kim_13 said:

At what point were people asked for ID by Hanley? I got a welcome email with no request, so maybe I’ve passed the electronic checks.

Sailed through application as a new customer today,  I guess living at my address for many years and picking a linked account I've had for 10+ years helped and then funded by DC. I'm not sure if they are likely to ask for ID proof later, as I've had the welcome email, I will keep watch on the funds leaving my CA in the next day or so, while waiting for my welcome pack and userID.

nigelholl2

clairec666 said:

Very good point. I reckon even if I had someone else's money to play around with, and could feasibly double up on all the accounts I already have, I would start finding it a bit of a chore. I reckon I'm at a sweet spot with 18-ish at the moment. A lot of respect for anyone who's fully funding 30+.

Totally agree clairec666.
Circa 18 I think would be my sweet spot too, gives the one maturing every month aspiration, and about the right amount of £'s I want in IA, with a few spaces for the odd opportunity that doesn't fit into the one maturing every month model, and I only have to administer another 6, which would be in my comfort factor.
I think the key is to target % return on fully funded accounts, not number of accounts that are not fully funded, and maximise the uplift to interest by targeting high interest options.

With all that said, currently we are free, to do what we want to, so its 'Different strokes for different strokes', and as long as you are happy in your 'Skin' all is well, and you're living the dream

Kim_13

Bobblehat said:

fuzzzzy said:

I originally said I had around 10 regular savers. I have finally got around to counting them and find I have 13 in total, fully funded each month to the tune of £4475, minimum interest 5.5%.

I just applied to the Hanley BS today but will probably be letting that one pass as they are asking me to e-mail proof of ID, which I don't want to do. I usually get verified electronically without a problem as I have lived at my current address for a number of years so I am wondering what has prompted a request for ID this time. I did use a newer bank account that I just switched to in July as the nominated account instead of a much older one I usually use. I am wondering if I reapply at the end of the month with my other older account as nominated account I might just pass the electronic verification. Wondered how many people passed the electronic verification with Hanley. Was I just unlucky or are they demons for ID like the Progressive?

In answer to one of topyams original questions on criteria for opening I guess after high interest rate and high funding level my next main criteria is ease of opening.

Kim_13 said:

At what point were people asked for ID by Hanley? I got a welcome email with no request, so maybe I’ve passed the electronic checks.

Sailed through application as a new customer today,  I guess living at my address for many years and picking a linked account I've had for 10+ years helped and then funded by DC. I'm not sure if they are likely to ask for ID proof later, as I've had the welcome email, I will keep watch on the funds leaving my CA in the next day or so, while waiting for my welcome pack and userID.

I also have a long standing address and funded by DC (would be interesting to know if declining that option is more likely to trigger an ID check) but picked one of my newer accounts (3 years old.) Existing customer in my case, which may have helped.

fuzzzzy

Kim_13 said:

Bobblehat said:

fuzzzzy said:

I originally said I had around 10 regular savers. I have finally got around to counting them and find I have 13 in total, fully funded each month to the tune of £4475, minimum interest 5.5%.

I just applied to the Hanley BS today but will probably be letting that one pass as they are asking me to e-mail proof of ID, which I don't want to do. I usually get verified electronically without a problem as I have lived at my current address for a number of years so I am wondering what has prompted a request for ID this time. I did use a newer bank account that I just switched to in July as the nominated account instead of a much older one I usually use. I am wondering if I reapply at the end of the month with my other older account as nominated account I might just pass the electronic verification. Wondered how many people passed the electronic verification with Hanley. Was I just unlucky or are they demons for ID like the Progressive?

In answer to one of topyams original questions on criteria for opening I guess after high interest rate and high funding level my next main criteria is ease of opening.

Kim_13 said:

At what point were people asked for ID by Hanley? I got a welcome email with no request, so maybe I’ve passed the electronic checks.

Sailed through application as a new customer today,  I guess living at my address for many years and picking a linked account I've had for 10+ years helped and then funded by DC. I'm not sure if they are likely to ask for ID proof later, as I've had the welcome email, I will keep watch on the funds leaving my CA in the next day or so, while waiting for my welcome pack and userID.

I also have a long standing address and funded by DC (would be interesting to know if declining that option is more likely to trigger an ID check) but picked one of my newer accounts (3 years old.) Existing customer in my case, which may have helped.

I funded by debit card too. That was the reason I chose a newer nominated account rather than the long standing one I usually use, because I am getting 1% cashback on the debit card.

trickydicky14

Bobblehat said:

fuzzzzy said:

I originally said I had around 10 regular savers. I have finally got around to counting them and find I have 13 in total, fully funded each month to the tune of £4475, minimum interest 5.5%.

I just applied to the Hanley BS today but will probably be letting that one pass as they are asking me to e-mail proof of ID, which I don't want to do. I usually get verified electronically without a problem as I have lived at my current address for a number of years so I am wondering what has prompted a request for ID this time. I did use a newer bank account that I just switched to in July as the nominated account instead of a much older one I usually use. I am wondering if I reapply at the end of the month with my other older account as nominated account I might just pass the electronic verification. Wondered how many people passed the electronic verification with Hanley. Was I just unlucky or are they demons for ID like the Progressive?

In answer to one of topyams original questions on criteria for opening I guess after high interest rate and high funding level my next main criteria is ease of opening.

Kim_13 said:

At what point were people asked for ID by Hanley? I got a welcome email with no request, so maybe I’ve passed the electronic checks.

Sailed through application as a new customer today,  I guess living at my address for many years and picking a linked account I've had for 10+ years helped and then funded by DC. I'm not sure if they are likely to ask for ID proof later, as I've had the welcome email, I will keep watch on the funds leaving my CA in the next day or so, while waiting for my welcome pack and userID.

I was asked to provide ID after my account had been approved. Have lived at my address for 20 years and my nominated account I have had for over 20 years work that one out.

ninaluna754

I have 3.
But I've only just started and I'm here hoping to learn from all you experts!

Purpleheart

I admire the people who have regular savers and don't fully fund them. Once I've opened one I have to pay the maximum in, I just can't help myself 😭

nomorekids

promise guys DH has no interest whatsoever in what I do unless its to complain if I have to ask him to make a phone call and even then note pad at the ready, I have to write down and show him what to say. I'll tot them up and report and maybe take the crown