The Top Regular Savers Discussion Thread

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🤷

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81998803#Comment_81998803

I started a thread about Pasting (or rather the inability to do so)

https://forums.moneysavingexpert.com/discussion/6664774/dont-f-with-paste

Bridlington1

Mansfield BS Bonus Regular Savings (Issue 8)  at 5.1% NLA

chris_the_bee

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

£500 paid monthly into a regular saver at 6.5% for 12 months results in interest of approx £211.25

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/81998678#Comment_81998678

The Ts&Cs of the Mansfield My Milestone RS don't explicitly state any penalty for missing payments but imply that you should make a deposit each month, so I've put ``No stated penalty for missing payments" as opposed to saying outright that you can or can't miss as many payments as you wish.