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

masonic

https://forums.moneysavingexpert.com/discussion/comment/81895673#Comment_81895673

There is the source of wealth/AML aspect Claire and I are referring to, and then the affordability aspect a mortgage provider would probably look into if a mortgage was being used. The latter would need the full works to understand disposable income, whereas the former is there to ensure the house isn't bought with dirty money.

The hope would be money saved gradually into a highly regulated product like an ISA would be treated as lower risk.

masonic

https://forums.moneysavingexpert.com/discussion/comment/81864624#Comment_81864624

A fair bit of change over the past month, leaving my updated figures as follows:

17 RSs (down 8); £5,300 per month (down £2,350); Value £42,550 (down £11,550); Annual return based on current balances: £2,760 (weighted average rate: 6.5%); Min accepted rate: N/A (in rundown).

DodgerPot

updated regular savers tally

18 Regular Savers

Monthly funding £5410

FishInGlass

@Bobblehat

My monthly update for 1st Mar
Still at 18 accounts. Renewed Principality to Issue 5
March activity. Co-op, LLoyds and Principality maturing. Will reopen the first 2 in the next financial year if still available and competitive.
March funding to be £5160 with the total balance on the 1st of the month being approx. £41,600
Minimum rate needed for any new account is 5.75%.

clairec666

My "cull" hasn't really started yet, as I don't yet have a completion date for my flat, so the money can just keep building up in my regular savers until I need it.

Won't be closing any for now, as I would prefer interest to be counted towards the next tax year. I'll be withdrawing some of them down to £0 and possibly leaving them open for future funding. Or refreshing. I'll have a re-assess in April.

Won't be opening any new accounts, but will replace any high earning ones as they mature (First Direct, Coop).

For now - 22 accounts, of which 6 have had minimal/no funding in 2026

allegro120

@Bobblehat

I've decided to stop including the accounts I'm not funding (e.g. RBS/NatWest where I've reached the max £5k or lower interest accounts where I have some balance, but currently not adding any more funds). I think this gives a more realistic picture of my current RS affairs.

My February figures:

53 RSs funded. Deposited £15800. Weighted average rate 6.18%.

Mrs_Trellis_of_North_Wales

I funded 40 regular savers this month. One downside is that I'll be moving house later this month, and I'll have more than 60 financial institutions to inform!

subjecttocontract

For info....Progressive reg saver can't be closed, it has to run to maturity. Can't withdraw all the balance, have to leave minimum of £1 until maturity.

clairec666

https://forums.moneysavingexpert.com/discussion/comment/81908586#Comment_81908586

My Progressive RS is staying untouched for now, as I've got the 6.75% version so it's one of my higher-paying accounts. If I need the money before the October maturity date I'll just withdraw and leave £1 in.

Fortunately I copied down all the relevant T&Cs when I opened each account and added it to my spreadsheet, so it's been fairly easy to work out which ones to withdraw from and which will need to be closed.

Bobblehat

Hi Folks …. league table just updated …. thanks topyam 😀