The Top Regular Savers Discussion Thread

Born2Save_3

For a really rough estimate I take the expected total invested and multiply by just a bit over half the current interest rate.

Example: 12 Months, £500 monthly, 6%A

Below, I've estimated that 0.032 is just over half 6%A

So £6000*0.032=£192 approx profit

You can play a bit to get an idea and what works for you. For fractional or multiple years or both, this can be factored in :

6 Months: £3000*0.032/12*6

18 Months: £9000*0.032/24*18

2 Years : £12000*0.032*2

Note, examples above that are longer than 1 year do not include compounded interest.

gt94sss2

I hate to ask, as you do so much already, but on your wonderful records for the new accounts, would it be possible to add a line for estimated total interest for a 'perfect' payment record of the maximum contributions? Would other people also find this useful?

This information is already included in summary box published by each provider. I'm not convinced of the benefits of adding it to the first page..

What_time_is_it

https://forums.moneysavingexpert.com/discussion/comment/82100832#Comment_82100832

Thanks. Reckon it’ll still be around on Monday? Or should I apply before the weekend to make sure?

Born2Save_3

https://forums.moneysavingexpert.com/discussion/comment/82100849#Comment_82100849

If you want it for sure, ASAP…. Speaking from past experience of missing out on 2 good ones.

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82100843#Comment_82100843

To be fair they don't account for 13th/11th/7th etc payments etc, or moving the funding dates to the optimum, so I can understand them asking the question.

What_time_is_it

https://forums.moneysavingexpert.com/discussion/comment/82100853#Comment_82100853

What worries me is that if I open a Beverley Regular Saver tomorrow it will mature on Friday 13th August 2027 and I won’t be able to withdraw from it until the following Monday so I will have the weekend where it earns no or very little interest.

Stargunner

https://forums.moneysavingexpert.com/discussion/comment/82100888#Comment_82100888

i you sre really that worried about losing out on a couple of quid, you can withdraw it a day or 2 earlier.

ToastLady

https://forums.moneysavingexpert.com/discussion/comment/82100528#Comment_82100528

Received email that account was opened and it is with zero balance, am sure it will be updated tomorrow.

surreysaver

https://forums.moneysavingexpert.com/discussion/comment/82100904#Comment_82100904

Not without losing the bonus they can't

What_time_is_it

https://forums.moneysavingexpert.com/discussion/comment/82100928#Comment_82100928

yeah, that’s the issue!