The Top Regular Savers Discussion Thread

Famo

Hi everyone I'm looking for a bit of guidance. I've worked out that I'm soon going to have around £1800 a month to save and I'm wondering where to save it. Any pointers please ?

friolento

https://forums.moneysavingexpert.com/discussion/comment/81998187#Comment_81998187

Impossible to say as we don't know your age, your tax rate, your total income, what you are saving or investing for, what your pension provisions are, what your risk levels are etc.

You are currently posting in the Regular Savers thread. Regular Savers are a specific kind of savings accounts. These may or may not suit your requirements. Page 1 of this thread has details of the best Regular Savers.

For a complete list of all savings accounts, go to https://moneyfactscompare.co.uk/savings-accounts/

If you are interested in a pension, there is a dedicated pensions board.

UKX69

https://forums.moneysavingexpert.com/discussion/comment/81997821#Comment_81997821

In my former investing days many years back when you had to phone up a broker to buy or sell, I had registered mail either go missing or arrive late. I think if I remember correctly, three times I’ve claimed compensation from the post office which paid up without question. So this isn’t a recent problem.

Zippy29

https://forums.moneysavingexpert.com/discussion/comment/81998187#Comment_81998187

Have a look here https://moneyfactscompare.co.uk/savings-accounts/regular-savings-accounts/

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/81998346#Comment_81998346

And a reminder for anyone who's new to this thread, page 1 includes a list of the top regular savers currently on offer.

JB50MSE

https://forums.moneysavingexpert.com/discussion/comment/81991684#Comment_81991684

The interest rate on the ongoing RBS/Nat West regular savers reduces if account balance is above £5K, so I reduce the amount I pay in monthly when balance exceeds £4K, and I withdraw as req to use like an easy access saver, to ensure the balance is always below £5K.

My personal interest calc: £4,500 (unchanged balance over 12 months for the purposes of this rough calc) at 5.25% AER = roughly £236 in a year, but £6,000 paid gradually at £500pm into a.n.other regular saver over 12 months at 6.5% AER = roughly £195 in a year. Is this wrong!? (I do also have other regular savers, but am selective.)

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81998636#Comment_81998636

You need to add the interest earned on the £6k (reducing) balance wherever that's held.

Bob2000

Mansfield building society

My Milestone saver question.

It states on the T & C that you must deposit a minimum of £1 per month to keep the account open.

But at the front of this thread, it says you can miss payments. Can anybody clarify for me, please?

allegro120

https://forums.moneysavingexpert.com/discussion/comment/81998636#Comment_81998636

I've reached my magic £5k long time ago, since then I just transfer the interest elsewhere to compound. It's easier this way - don't need to monitor your balance, just withdraw the interest on the second working day of the month.

CeliaSeas

Thanks @ForumUser7, @wmb194, @allegro120 and @Section62 for the advice & insights relating to funding the Mansfield RS😄, I think I'll probably go for it when (if) my cheque book arrives.

I posted upthread about problems with the Chorley login, here's my update…

I emailed them thismorning around 8am, they replied at 10am that I had used an incorrect p/w. I tried again, it still wouldnt work. Emailed them, they said I should reset the p/w. I reset, logged in, then out again & it wouldnt let me back in. Emailed again, they replied 'Please note you will need to type your password rather than using copy and paste'. So I typed and it worked!

I had previously suspected that pasting (rather than typing) might cause a p/w to not work, but dismissed it, thinking 'how could that be the case' etc. Anyway, I asked Chatgpt and apparently it's a thing🤷