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

dcs34

ForumUser7 said:

dcs34 said:

I had to politely explain to NatWest that I wasn't using my personal account for business purposes, and that if they actually looked at the 30+ payments going out on the 1st of each month they were to accounts in my name, not me running payroll or paying invoices etc.

Took a week for them to look into it and they were fine about it. Upgraded me to Premier to say sorry for the inconvenience.

How surprisingly nice of them to give you premier though - did you actually qualify?

Not as far as I can see - but I think the monthly payments in/out to fund regular savers made them think I had a higher income salary than I do. Or they were a bit embarassed IDK.

Catplan

November update following some maturity in Oct, now on 23 Regular savers in my name, fully funded now £5850 per month, I also have rbs and NatWest sitting full that I just skim the interest off, but I’m not counting these as not really Regular Savers now.

guli

Sorry, I forgot to update - Personal RS - 51, OH's - 16 (which I am managing) - total 66. I am "basic" tax payer by virtue of pension contribution, she is additional tax payer, thus the lower RS count

Bobblehat

As mentioned on 29th October, I've rejigged the table to try to keep as many people as possible happy regarding counts of RS's held by individuals and by those held including "other half's". I've kept the change as simple as possible to try to preserve the "fun" element of the table and the table still shows the total holdings where people are administrating their own and significant other's RS's too.

I am now sorting by individual holding's only, so the "inc Other" column is now really just extra information which people are free to find interesting, or just ignore! Inevitably, those that were willing to split their figures have dropped down the table, so I'm grateful for those for being still willing to participate.

I'd be very happy to include figures from former participants who didn't like the sound of the changes, or figures from new readers of the thread. As always, I'm very happy to receive updates or corrections as and when participants feel happy to post to the thread, it takes little time for me to incorporate the figures.

Hope you like the change  .......

UKX69

clairec666 said:

masonic said:

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...

Depends whether it's the quantity of transactions that's attracting their attention, or the total amount of money involved.

I use Nationwide to distribute some of my funds, because my main account with Natwest isn't helpful for accounts like Principality where you need to use different reference numbers. So thanks @Pickledonionlover for the heads up. Hopefully my regular saver exploits won't attract their attention, but if so I can produce my trusty spreadsheet and hopefully that will satisfy them.

I understand the frustration with NatWest as it’s my bank as well. I’ve got around this little problem in the past - especially with Principality having a number of RS - by having an EA account. One transfer in from NW and distributed from there. 😏

nomorekids

Bobblehat said:

I'd be very happy to include figures from former participants who didn't like the sound of the changes,

you joining in with the rest of them now Bobblehat? to remind you, I checked and rechecked the rules first before posting. Only after I posted, came the demand for changes from the sour grapes. 

Bobblehat

nomorekids said:

Bobblehat said:

I'd be very happy to include figures from former participants who didn't like the sound of the changes,

you joining in with the rest of them now Bobblehat? to remind you, I checked and rechecked the rules first before posting. Only after I posted, came the demand for changes from the sour grapes. 

Just trying to keep as many people happy as possible and to cordially invite new or old contributors. I appreciate that the changes may not suit everyone, so no compulsion to either join in or re-join.

The mentioning of an advantage by including "other half's" figures occurred before you started posting on the thread (which would be easy for you to check), they were balanced by people expressing that they were happy with the status quo. I only reacted once the number of requests got proportionately higher for change, nothing personal to any contributor from my point of view.

trickydicky14

Bobblehat, I hope all your grapes are of  the sweet variety. Thanks for all your efforts. 

Bobblehat

My grapes are tasting of Aussie Shiraz at the moment .... cheers 

exel1966

Bobblehat said:

My grapes are tasting of Aussie Shiraz at the moment .... cheers 

And mine are of the Argentinian Malbec type, they're very smooth and not as bitter as some.

It's been a busy week for me with maturities, maturity follow on accounts and new accounts, just as the next couple of months will be.

According to Wiki there are currently 42 active Building Societies in the UK and with very recent new relationships established for me mean I'm a customer to 31 of them. It takes me back to my Carpet Bagging days !

Is it possible to get a Full House I wonder !