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

subjecttocontract

For what it's worth I have decided to do exactly the opposite of others. I'm gradually reducing the number of reg savers. As they mature I'm putting the proceeds into NS&I and not renewing the reg saver. I've decided to simplify my cash savings portfolio so I'll be doing the same with all my fixed rate bonds with Raisin, HL etc.

Bridlington1

If I may, I would like to respond to the recent comments in one post.

First of all I would like to make it quite clear that at no point have I ever suggested that I or anyone else should take on the role of maintaining the list of how many regular savers people have. My position is, and always was, that if the list is to exist and be maintained then it should be maintained by @Bobblehat, who has done a tremendous job on compiling the list itself despite the many challenges involved with it.

I would also agree that the forum is indeed a collective effort, with many different users, each providing their own areas of expertise and a range of distinct but valuable contributions. The MSE forum is and should be much more of a community as opposed to being solely about the work of any one individual user. Indeed on the savings/investments board alone there's the main regular savers threads, the top EA threads, the top cash ISAs thread, the savings challenges, this is before you look at the forum more widely, each maintained by different users, each choosing to devote a not insignificant chunk of their time to the benefit of other users. I would certainly say that the forum is better for it being structured in this way.

I would, however, make a distinction at this point between the short-lived threads that appear on all boards that fizzle out after a handful of pages, and the group of long-running and popular threads such as the top regular savers threads, the top EA threads, the top Cash ISAs threads etc which have many users and go on for a number of months and years.

The many short lived threads that appear and then disappear should be left as they are in my opinion to go off in whichever direction they wish (within the rules of this forum of course) and do not require any intervention, they are helpful precisely because the OP can ask any questions they wish, go onto any topic they wish within reason and will more often than not benefit from the friendly and helpful advice offered to them by the many users who take the time to help them.

The long running and popular threads are a different matter though. Each of these threads serve as an important pillar of the forum in their own right and each serve their own unique functions to the benefit of the many who use them. With each of these threads there is inevitably going to be differences of opinion over what should be discussed on them, how they should operate and so on, thus they benefit from having a clear purpose and a clear set of rules to them so that there can be no doubt as to what does and does not fall within its scope to ensure they run smoothly.

I am also of the view that whilst each user should be left to run their own threads as they see fit, there should be a degree of collaboration and co-operation or at the very least an understanding between them as to what should go where, if only to make sure people know where they stand and to enable each thread to run smoothly alongside each other. Regardless of how each of us chooses to run our own threads, the existence of one should never be allowed to negatively impact the work of other, instead they should run in harmony and complement each other.

Since December of last year, it has been me who has run the main regular savers threads, this has encompassed any long running discussion on regular savers, and I have run it as I have seen fit, I have only been able to do so with the consent and support of the many who contribute to it. I would say that any attempt to make this thread a discussion thread would therefore be in effect attempting to force my own thread to shed one of its purposes, thus undermining my ability to run the threads as I see fit. This is one of the reasons why I have not taken kindly to this thread existing in this form, and why I have chosen not to simply "let it go" or ignore how this thread is run.

I shall ask you to consider @Bobblehat, what do you really wish to achieve with your work in compiling your list? Is it that you feel the main regular savers thread attracts too much chat and you want to divert some of it away to this thread regardless of my thoughts? Or is it that you hope to provide something unique and of value to this forum in the form of a league table of how many regular savers each person holds and a place for people to report how many regular savers they have for the purpose of providing something fun and possibly interesting?

My view remains that if it is the latter then a no chat version of this thread would be the best way to achieve this without it undermining any of the other work carried out by myself on this forum. A no chat thread could be a place for users to post updates to their totals, with your list on p1 of it for you to edit and amend as you see fit. It would still be an entirely distinct entity to the two regular savers I maintain, one which you could maintain as you see fit without interference from myself. A no chat version of this thread, far from diminishing the work you have done, would instead be more likely to highlight and strengthen your work. The thread could then be mentioned on p1 of my own top regular savers as a way of drawing new users to it with a clear distinction between the scopes of each of them.

Whilst I can not force you to run this thread in a particular way @Bobblehat, I can at least state that my offer still stands, to allow you to create a no chat version of this thread with any discussion surrounding regular savers remaining in my existing thread, and we can all draw a line under the whole affair. I would consider my offer to be more than reasonable.

If your aim really is to provide something of value without undermining my own efforts then I would urge you to give my suggestion some serious consideration as opposed to dismissing it out of hand. Otherwise the risk becomes a thread that grows out of hand with your work and mine being undermined to some extent by it, which I feel would be a great pity and result in everyone losing.

I've said my piece so shall leave the ball in your court, it is up to you what you choose to do with it.

clairec666

subjecttocontract said:

For what it's worth I have decided to do exactly the opposite of others. I'm gradually reducing the number of reg savers. As they mature I'm putting the proceeds into NS&I and not renewing the reg saver. I've decided to simplify my cash savings portfolio so I'll be doing the same with all my fixed rate bonds with Raisin, HL etc.

There's nothing wrong with that I can see the benefit of simplifying my savings, and as I never save enough each year to max out my ISA (at current limits anyway) I could make my life a whole lot easier by putting more into ISAs and winding down on regular savers.

When I'm getting on a bit, or if I have long-term health issues, I'll definitely simplify things for the sake of family members who may have to handle my finances on my behalf. If I was to pop my clogs tomorrow, it would take an age for someone to work through all my accounts, even though I keep meticulous records!

subjecttocontract

That's really where i am at the moment. Approx' 14 fixed rate bonds, 9 easy access, 27 reg savers, 11 bank accounts, 15 accounts with very little in and that's without premium bonds & ISA's. Only a couple of accounts are joint so its going to be a lot of work for my other half if I walk under a bus this week. So with the exception of premium bonds and ISAs most of it is going into the new NS&I 1 year fix at 4.2% as I don't have to consider the £85K limit.

Bobblehat

clairec666 said:

subjecttocontract said:

For what it's worth I have decided to do exactly the opposite of others. I'm gradually reducing the number of reg savers. As they mature I'm putting the proceeds into NS&I and not renewing the reg saver. I've decided to simplify my cash savings portfolio so I'll be doing the same with all my fixed rate bonds with Raisin, HL etc.

There's nothing wrong with that I can see the benefit of simplifying my savings, and as I never save enough each year to max out my ISA (at current limits anyway) I could make my life a whole lot easier by putting more into ISAs and winding down on regular savers.

When I'm getting on a bit, or if I have long-term health issues, I'll definitely simplify things for the sake of family members who may have to handle my finances on my behalf. If I was to pop my clogs tomorrow, it would take an age for someone to work through all my accounts, even though I keep meticulous records!

For the same reason as you outlined above, I keep a simplified spreadsheet of holdings by bank and building society accounts and keep it updated for the purpose of making it easier for Mrs Bobblehat when I pop my clogs. I also keep a sort of flowchart, visual version too, to help her ... a bit more work for me to keep 3 files up to date but I'm motivated to do it after having to sort out my father's estate from scratch and knowing what a headache that was!



Mrs Bobblehat has her own much smaller diagram which I catch her referring to every once in a blue moon, when she thinks something is about to mature 

Afahmaep

Currently have 56 RS with £105,100 earning 5.64% 
Market Harborough BS £3750 will mature end of
November leaving total at  £101,350.
£13,750 is due to be added during December with
£11,800 (5 Reg Savers) maturing 
My lowest earning is 4.75%. 

clairec666

Afahmaep said:

Currently have 56 RS with £105,100 earning 5.64% 
Market Harborough BS £3750 will mature end of
November leaving total at  £101,350.
£13,750 is due to be added during December with
£11,800 (5 Reg Savers) maturing 
My lowest earning is 4.75%. 

Wow - that's an impressive total. Is that just your own accounts?

Wheres_My_Cashback

Been MIA for a while and notice we have a new RS thread of sorts with a league table. How many RS posters have has only ever been vaguely mentioned in passing before so it's good to have a dedicated thread, but a shame that one or two have got unjustifiably upset about where it is and how many others have.

If I can be added to the list I currently deposit maximum subscriptions to 65 ranging from 4.75% to 8.00%. My partner has about 25ish? but I won't include those as she looks after them herself. Obviously my total fluctuates monthly. I may update with the other totals later on.

Bobblehat

Hi topyam .... latest league table update available via PM.

Bobblehat

Hi All ... latest table updates just gone through on page 1. Thanks topyam 

https://forums.moneysavingexpert.com/discussion/6631929/being-nosey-how-many-regular-saver-accounts-do-you-have/p1

Postings from contributors with updated figures that happen after the table has been updated will appear in the next update. Watch out for a thanks from me on your post and you will know that I have seen it and amended the table as appropriate for the next update.