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

allegro120

Hi @Bobblehat. This is my October update. Number of RSs - 57. Deposits - £15350. Minimum - 5.15%. 

n15h

clairec666 said:

n15h said:

Thanks to everyone that answered my queries - it helped me to better understand the Principality RS.
I've now opened:

• Progressive Online Regular Rainy Day Saver Account - 7% (£300pm)
• Principality 6 Month Regular Saver - 7.5% (£200pm)

Total now is 4 RSs (in addition to RSs with Nationwide and Virgin).
At the start of 2025 I had only 1 RS. Looks like I've caught the bug!

Welcome I predict you'll have another few before the year is out...

Your prediction came true!
Since my post above, I've also opened the Principality BS Christmas 2026 Regular Saver 6.5%.
That brings my total to 5 RSs.
Am also looking at the Hanley 1 Year Online Smart Saver (6.5%) 

clairec666

n15h said:

clairec666 said:

n15h said:

Thanks to everyone that answered my queries - it helped me to better understand the Principality RS.
I've now opened:

• Progressive Online Regular Rainy Day Saver Account - 7% (£300pm)
• Principality 6 Month Regular Saver - 7.5% (£200pm)

Total now is 4 RSs (in addition to RSs with Nationwide and Virgin).
At the start of 2025 I had only 1 RS. Looks like I've caught the bug!

Welcome I predict you'll have another few before the year is out...

Your prediction came true!
Since my post above, I've also opened the Principality BS Christmas 2026 Regular Saver 6.5%.
That brings my total to 5 RSs.
Am also looking at the Hanley 1 Year Online Smart Saver (6.5%) 

Enjoy

Pickledonionlover

Hi folks - long time lurker here.

I signed up to give all you RS fans a word of warning.

I've got a five figure sum of RS leaving my Nationwide Current account each month.

These RS also mature into this C/A which is fed by a third party Easy Access account elsewhere for standing orders at the beginning of each month.

Anyway, very recently the Account Evidence team from NW have been touch asking all sorts of questions on the source and destination of this money.  

They're wanted this information within two days else my account access would be removed.

Luckily I was able to send them spreadsheets of all my RS, statements of the third party Easy Access and also a spreadsheet of interest accrued.

All worked out fine (the account is being used totally legitimately) but it was a worry for two or three days.

So I'd definitely be prepared if I were you as my habits haven't changed over a number of years so no idea why I was suddenly selected.

Take care

Bobblehat

Pickledonionlover said:

Hi folks - long time lurker here.

I signed up to give all you RS fans a word of warning.

I've got a five figure sum of RS leaving my Nationwide Current account each month.

These RS also mature into this C/A which is fed by a third party Easy Access account elsewhere for standing orders at the beginning of each month.

Anyway, very recently the Account Evidence team from NW have been touch asking all sorts of questions on the source and destination of this money.  

They're wanted this information within two days else my account access would be removed.

Luckily I was able to send them spreadsheets of all my RS, statements of the third party Easy Access and also a spreadsheet of interest accrued.

All worked out fine (the account is being used totally legitimately) but it was a worry for two or three days.

So I'd definitely be prepared if I were you as my habits haven't changed over a number of years so no idea why I was suddenly selected.

Take care

Interesting! So the fact they could see that the SO's were going into savings accounts in your name (presumably!) each month was still not enough for them, and required more information? Where they specific in the type of information they required?

Pickledonionlover

Bobblehat said:

Pickledonionlover said:

Hi folks - long time lurker here.

I signed up to give all you RS fans a word of warning.

I've got a five figure sum of RS leaving my Nationwide Current account each month.

These RS also mature into this C/A which is fed by a third party Easy Access account elsewhere for standing orders at the beginning of each month.

Anyway, very recently the Account Evidence team from NW have been touch asking all sorts of questions on the source and destination of this money.  

They're wanted this information within two days else my account access would be removed.

Luckily I was able to send them spreadsheets of all my RS, statements of the third party Easy Access and also a spreadsheet of interest accrued.

All worked out fine (the account is being used totally legitimately) but it was a worry for two or three days.

So I'd definitely be prepared if I were you as my habits haven't changed over a number of years so no idea why I was suddenly selected.

Take care

Interesting! So the fact they could see that the SO's were going into savings accounts in your name (presumably!) each month was still not enough for them, and required more information? Where they specific in the type of information they required?

They were very mixed in their 'specifiness'.

One of their questions was what a four letter abbreviation was for the source of a matured account (a simple Google search would have given them this information).

Other questions were pretty vague like - x amount of money was credited to your Current Account in the last n months can you detail where this is from,    y amount of money was credited to your Current Account in the last nx2 months can you detail where this is from,  z amount of money was credited to your Current Account in the last nx3. months can you detail where this is from.

It took three emails and three phone calls to ensure they were happy.  But if I hadn't been totally honest and didn't have all the accounts information to hand I fear things may have been different.

I remember you've had issues with Banks putting you on the naughty step so you'll be sympathetic to the stress this caused.

PS thanks for all the work you personally do around this subject - it's very appreciated by us lurkers.

Pickledonionlover

Pickledonionlover said:

Bobblehat said:

Pickledonionlover said:

Hi folks - long time lurker here.

I signed up to give all you RS fans a word of warning.

I've got a five figure sum of RS leaving my Nationwide Current account each month.

These RS also mature into this C/A which is fed by a third party Easy Access account elsewhere for standing orders at the beginning of each month.

Anyway, very recently the Account Evidence team from NW have been touch asking all sorts of questions on the source and destination of this money.  

They're wanted this information within two days else my account access would be removed.

Luckily I was able to send them spreadsheets of all my RS, statements of the third party Easy Access and also a spreadsheet of interest accrued.

All worked out fine (the account is being used totally legitimately) but it was a worry for two or three days.

So I'd definitely be prepared if I were you as my habits haven't changed over a number of years so no idea why I was suddenly selected.

Take care

Interesting! So the fact they could see that the SO's were going into savings accounts in your name (presumably!) each month was still not enough for them, and required more information? Where they specific in the type of information they required?

They were very mixed in their 'specifiness'.

One of their questions was what a four letter abbreviation was for the source of a matured account (a simple Google search would have given them this information).

Other questions were pretty vague like - x amount of money was credited to your Current Account in the last n months can you detail where this is from,    y amount of money was credited to your Current Account in the last nx2 months can you detail where this is from,  z amount of money was credited to your Current Account in the last nx3. months can you detail where this is from.

It took three emails and three phone calls to ensure they were happy.  But if I hadn't been totally honest and didn't have all the accounts information to hand I fear things may have been different.

I remember you've had issues with Banks putting you on the naughty step so you'll be sympathetic to the stress this caused.

PS thanks for all the work you personally do around this subject - it's very appreciated by us lurkers.

Sorry I can't see an edit function on here.

Other questions were around what my job was, what I was using the account for and if it was my primary account.

Anyway take care.

Pickledonionlover

Pickledonionlover said:

Pickledonionlover said:

Bobblehat said:

Pickledonionlover said:

Hi folks - long time lurker here.

I signed up to give all you RS fans a word of warning.

I've got a five figure sum of RS leaving my Nationwide Current account each month.

These RS also mature into this C/A which is fed by a third party Easy Access account elsewhere for standing orders at the beginning of each month.

Anyway, very recently the Account Evidence team from NW have been touch asking all sorts of questions on the source and destination of this money.  

They're wanted this information within two days else my account access would be removed.

Luckily I was able to send them spreadsheets of all my RS, statements of the third party Easy Access and also a spreadsheet of interest accrued.

All worked out fine (the account is being used totally legitimately) but it was a worry for two or three days.

So I'd definitely be prepared if I were you as my habits haven't changed over a number of years so no idea why I was suddenly selected.

Take care

Interesting! So the fact they could see that the SO's were going into savings accounts in your name (presumably!) each month was still not enough for them, and required more information? Where they specific in the type of information they required?

They were very mixed in their 'specifiness'.

One of their questions was what a four letter abbreviation was for the source of a matured account (a simple Google search would have given them this information).

Other questions were pretty vague like - x amount of money was credited to your Current Account in the last n months can you detail where this is from,    y amount of money was credited to your Current Account in the last nx2 months can you detail where this is from,  z amount of money was credited to your Current Account in the last nx3. months can you detail where this is from.

It took three emails and three phone calls to ensure they were happy.  But if I hadn't been totally honest and didn't have all the accounts information to hand I fear things may have been different.

I remember you've had issues with Banks putting you on the naughty step so you'll be sympathetic to the stress this caused.

PS thanks for all the work you personally do around this subject - it's very appreciated by us lurkers.

Sorry I can't see an edit function on here.

Other questions were around what my job was, what I was using the account for and if it was my primary account.

Anyway take care.

PS the spreadsheets I supplied to them will have shown that the total money I juggle around isn't gaining any traction. I.e. I have aost the same balance I did ten years ago.  Just a few more RS and S.Os.

masonic

My updated stats are (all sole accounts in my name):

Number of accounts: 25 (up from 20, thanks mainly to Principality maturities)

Current balance: £46,250 (realised I missed a couple when totting up last month)

Monthly commitment: £8,000 (up from £6,125)

Weighted average rate based on current balances: 6.23% (equivalent to annual interest of £2,881)

masonic

Pickledonionlover said:

Anyway, very recently the Account Evidence team from NW have been touch asking all sorts of questions on the source and destination of this money.  

It does make me wonder whether it would be worthwhile to spread these payments out over a number of accounts. So for example, in my case with 25 RS accounts, instead of funding all from my main account, instead use this to send a larger sum out to 5 x sub-accounts, and from each of those fund 5 x RS. Or perhaps that would look even more like layering...