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

saverkev

How many Regular Saver accounts do you have?

Finding the answer was a bit frightening after deciding early this year to reduce and only look at 6% and over - currently have 24 all except Cumberland fully funded (only keep it as it doesn't have an end date and just funded with minimum £25). Also have the NatWest & RBS ones which were at maximum £5000 but are now being used to fund other savers.
Monthly payments in total £6210 
Current value  £36504

Bobblehat

saverkev said:

How many Regular Saver accounts do you have?

Finding the answer was a bit frightening after deciding early this year to reduce and only look at 6% and over - currently have 24 all except Cumberland fully funded (only keep it as it doesn't have an end date and just funded with minimum £25). Also have the NatWest & RBS ones which were at maximum £5000 but are now being used to fund other savers.
Monthly payments in total £6210 
Current value  £36504

Is that 24 including NW & RBS, or 26 including those two? TIA.

saverkev

Bobblehat said:

saverkev said:

How many Regular Saver accounts do you have?

Finding the answer was a bit frightening after deciding early this year to reduce and only look at 6% and over - currently have 24 all except Cumberland fully funded (only keep it as it doesn't have an end date and just funded with minimum £25). Also have the NatWest & RBS ones which were at maximum £5000 but are now being used to fund other savers.
Monthly payments in total £6210 
Current value  £36504

Is that 24 including NW & RBS, or 26 including those two? TIA.

26 including those 2

Bobblehat

Bridlington1 said:

Bobblehat said:

Bridlington1 said:

Bobblehat said:

2nd attempt ...

Still wrong for number 6. 

Edit: just noticed 3 is correct building society but wrong account. 

You're a hard quizmaster! I give up! 

Darlington 12 Month RS Issue 1 is number 6.

You got me! 

slinger2

I've got 12 the moment. 5 Principality, 2 Monmouthshire and 5 providers with just 1. Normally I don't open them unless I've already got some sort of account with that provider already. Monmouthshire is the latest exception to that rule.

talexuser

7 but only 5 at fixed rate, so 2 have come down since opening. Still better than easy access though.

saajan_12

Wowza, amazed at some of the numbers here! Only have 2, linked to my 2 current accounts (burned once when my main bank had issues). Generally don't intend to have too much in fixed income, both from a tax and growth perspective.

However I did wonder if it could be neat to have 12 if you could get them at the same monthly contribution. Open a new one each month to spread out the opening admin. Then after the first year, you have one maturing each month, with the cash going out to the other 11, and the 12th bit to re-start with the same bank that's just matured. That could circulate the same money each month, so its always earning the higher Regular Saver rates, rather than having (much) money in a lower paying easy access ready to fund. I suppose in practice the dates might not quite line up etc.  

booneruk

Wow indeed!

I have zero! I loaded up a 4.5% or so 5 year fix with just enough to fill my PSA (interest paid monthly). I have some cash in ISAs, but anything else I need to save I now stick into short term low coupon gilts.

Eco_Miser

saajan_12 said:

Wowza, amazed at some of the numbers here! Only have 2, linked to my 2 current accounts (burned once when my main bank had issues). Generally don't intend to have too much in fixed income, both from a tax and growth perspective.

However I did wonder if it could be neat to have 12 if you could get them at the same monthly contribution. Open a new one each month to spread out the opening admin. Then after the first year, you have one maturing each month, with the cash going out to the other 11, and the 12th bit to re-start with the same bank that's just matured. That could circulate the same money each month, so its always earning the higher Regular Saver rates, rather than having (much) money in a lower paying easy access ready to fund. I suppose in practice the dates might not quite line up etc.  

That would be good, but generally the higher paying accounts don't stick around long enough to risk waiting until the ideal time for your planning, and several tend to turn up at once.  Many RS are easy access, so it makes sense to hold money in those rather than a normal easy access account, whether or not you can get the timings to match your calendar.. 

Bigwheels1111

My Grand Total, 21.

Regular Savers List

1, Principality         6.0% Max £ 50   £1171.40

2, TSB                     6.0% Max £250  £3000.00

3, Principality         7.5% Max £125  £1800.00

4, Principality         7.0% Max £200  £1000.00

5, M Harborough 6.0%    Max £250 £3500.00

6, Coventry 5.75% Max £250 £2750.00

7, Progressive 5.5% Max £300 £2700.00

8, Zopa 7.5% Max £300 £2100.00

9, West Brom 6.0% Max £250 £2250.00

10, M Harborough 6.0% Max £250 £2750.00

11, Principality 5.4% Max £ 50 £ 350.00

12, First Direct 7.0% Max £300 £1800.00

13, Skipton 6.25% Max £250 £1500.00

14, Virgin Money 6.5% Max £250 £ 750.00

15, Principality 7.5% Max £200 £ 600.00

16, Principality 7.5% Max £200 £ 600.00

17, Principality 7.5% Max £200 £ 400.00

18, Monmouth 6.0% Max £500 £1500.00

19, Monmouth 7.0% Max £1000 £3000.00

20, Nationwide 6.5% Max £200 £ 400.00

21, YBS 6.0% Max £ 50 £ 100.00

Total For October £34,021.40