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

FishInGlass

Correction to my posting on the 1st Feb in bold
My situation since my last posting is as follows. Down to 18 accounts. Closed West Brom, emptied NatWest and RBS and effectively closed Progressive as it now just has £1 in it. I am aiming to reduce my RSs at least this financial year but couldn't let Furness go so added that.
February activity. One principality maturing.
February funding to be £5410 with the total balance on the 1st of the month being approx. £37,400
Minimum rate needed for any new account is 5.75%.
I have also looked at my weighted average for these and it is just under 6.7% (thanks Monmouthshire). If I include all my other savings it drops to 5.1%. This includes Cash ISAs and NS&I Savings Certificates which being tax free are worth more in real terms as a standard rate taxpayer.

Bobblehat

https://forums.moneysavingexpert.com/discussion/comment/81868537#Comment_81868537

I guess we were all amateurs in the past, I still regard myself as semi-skilled at best 😀

Welcome to the League Table with post #1?

clairec666

https://forums.moneysavingexpert.com/discussion/comment/81868772#Comment_81868772

It wasn't so long ago that I had 3 regular savers and funded them all on different days each month because I didn't realise you could cancel the standing order and fund them all on the 1st. I've learned a lot since then!

Bobblehat

https://forums.moneysavingexpert.com/discussion/comment/81868788#Comment_81868788

It's a long apprenticeship before you become "time-served" in this game! 😀

The good thing is you can start making a little bit more interest from your "hard-earned" as soon as you pick up your first "tool". It's great to have all the "old-hands" showing you the ropes, and the tricks of the trade. 🛠️

Kim_13

Update

Down to 25 Regular Savers. I’ve put a closure request in for the 6% Monmouthshire as realistically, I’m not going to use it before it ends. May as well get the accrued interest paid out and compounding.

happybagger

Having completed all Feb's deposits and new accounts opened this month,

now at 46 qty (39 fed at max deposit, 7 held as membership-retaining accounts at minimum deposit)

£14k p/m

w/a 5.60%

Bobblehat

@topyam et al ….latest updates sent 04/02 ….. Cheers 😀

subjecttocontract

I just closed the last one. Now I have no regular savers. All that money is in fixed rate accounts and I have nothing to find every month to fund them. I can also stop reading all the regular saver threads and have more time for other stuff. Happy days. Highly recommended.

Bobblehat

https://forums.moneysavingexpert.com/discussion/comment/81873183#Comment_81873183

We'll miss you! Stop by and say "hello" now and again!😀

clairec666

Well, I'll be whittling down my number of regular savers too, as a lot of my savings are being put into a property purchase. I can't imagine I'll get rid of all my accounts though, and I'll still be following and contributing to the regular saver threads, but resisting the attempt to open so many accounts.