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

Bobblehat

lr1277 said:

@Bobblehat post piqued my curiosity. I note between Co and Du there is Darlington BS, which is currently paying 6%.

Though I see First Direct is paying 7%. Is it not a consideration because you need the FD current account and the RS only lasts 1 year?

In terms of my own RS experience, I had the YBS RS from about 2007 till 2014 (I think) when it was closed by YBS. I have no spare money since 2014 anyway to open any RS.

If you are asking why Darlington RS and FD aren't in the list, Bridlington1 said the list was just a selection of the 62 RS's he has compiled purely for this quiz. It doesn't represent the whole of his RS holdings 

Bridlington1

Bobblehat said:

2nd attempt ...

Still wrong for number 6. 

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

Bridlington1

clairec666 said:

This feels like one of those Christmas family gatherings where someone brings along a quiz. Only better.

(Hopefully it's not just my family that does that and you all know what I mean )

Believe me, I would not be the one providing a Christmas quiz. I'm the one that usually avoids all things festive like the plague, unless it's a regular saver.

Bobblehat

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! 

OwnedByACat

Danske Bank?

ThePirates

nigelholl2 said:

Hattie627 said:

Current account switching can be very lucrative (and tax-free). Done with care, organisation and persistence it can net you more than a basketful of RS's. Unfortunately it doesn't last forever and you will sooner or later run out of switches for which you qualify. Definitely worth doing while it lasts, though.  I've more or less done them all, started with a switch of a RBS current account to Clydesdale Bank around 2014. I don't often qualify now but ever hopeful.

The organisation & management of RSs through spreadsheets if fun to me, so will be doing the same with the 'Switching' project, and plan it out before pulling the trigger.
Not really a hobby you discuss in pubic though, even OH isn't really interested, but she appreciates what financial planning gives her.
Need to find the MSE threads on 'Switching', as a leaning portal, no doubt another highly used thread.

Most important thing to do is probably open a current account with Chase, you can then open others with them at the click of a button to 'Switch'.

NEVER close or switch the 1st Chase account.

I made £1250 last year!

exel1966

My offering - Darker grey not currently funded, lighter grey minimal funding requirement. These accounts tend to move in/out of funding dependent on EA rates at the time and are all effectively EA, therefore balances can be withdrawn when rates drop and funds placed elsewhere.
Pink due to mature in the next few week, funding stopped as max balances reached. Many pink accounts will be replaced with newer versions.





ETA : oops, missed one, funded with minimum to enable use of Mansfield Bonus RS8

MANSFIELD ReS 30 1 3.70V

Bobblehat

exel1966 said:

My offering - Darker grey not currently funded, lighter grey minimal funding requirement. These accounts tend to move in/out of funding dependent on EA rates at the time and are all effectively EA, therefore balances can be withdrawn when rates drop and funds placed elsewhere.
Pink due to mature in the next few week, funding stopped as max balances reached. Many pink accounts will be replaced with newer versions.

.........

ETA : oops, missed one, funded with minimum to enable use of Mansfield Bonus RS8

MANSFIELD ReS 30 1 3.70V

Impressive!

A new leader  ...

 

janusd

looking at my interest spreadsheet, I currently have 19 active RS - ranging from 8% to 5.50%... all fully funded manually on the 1st of each month - looks to be around £6k per month, half of that goes to Monmouthshire - current value is £26k; RS interest last tax year was £2,100; RS interest for current tax year is already £1,800 - I had no idea (or interest in knowing!) those last 2 interest figures until I updated the spreadsheet with formulas to calculate them.

for me, there are no new RS accounts on the horizon - not bothered with Scottish BS (don't tend to open postal accounts or any with a passbook) and presume I can't have the new Progressive Issue 4) - yet I find myself strangely drawn towards the Leek 4.2% RS for some reason.

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