The Top Regular Savers Discussion Thread

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/82201126#Comment_82201126

They're going to be in for a nasty shock then.

https://forums.moneysavingexpert.com/discussion/comment/82201148#Comment_82201148

For me it's the rate I'm looking at, the more the merrier so far as RSs are concerned, especially at 9%.

Looking at my RSs for the coming year, I'll be consistently short of funds from maturing RSs to fund existing RSs from this month till August, including a period of about 3 months where I've no RSs maturing at all.

All barring 2 of my late July & August maturities are currently at 6%, so I'll likely eat heavily into these accounts over the next 6 months anyway so I could end up short of maturing RS funds by the time August rolls around anyway depending how the savings landscape more generally pans out.

friolento

I applied for the Barrow FC RS just now. Got an email with account and deposit details but there's no sign of the account online or in the app. No COP match, so I'll wait with the funding until tomorrow

shirley999

https://forums.moneysavingexpert.com/discussion/comment/82201216#Comment_82201216

Mine appeared when I logged out of the app and logged back in again.

Reg_Smeeton

i think this is a fantastic initiative by Barrow AFC and Furness. 9 x £40 plus interest would have got you a season ticket for 23 matches plus enough change for a few pints. Hoping that other buildings societies follow suit… Manchester BS would need a rather hefty monthly pay in to cover the cost of an Old Trafford season ticket these days!

masonic

I've gone for the Furness account partly because I can now say my savings are earning up to 9%. Was one of the quickest applications I can remember, even with the ID check. Also no faffing around with weird password restrictions or memorable info when setting up online access. I went ahead and funded without the COP match.

rallycurve

Bobblehat at 7:36PM

… and there may well be a fair few who are existing members of Furness who will deem it not worth the faff for a gain of £5 before tax … using MSE RS calculator and a drip-feed from a 5% EA.

Furness BS

You'd earn £19.50 if drip-feeding from a 5% EA, as opposed to £13.50 if keeping the grand total of £360 in EA.

So a gain of £6 (or 44%!)

If the money was going to be in a 0% account, saving into this RS would earn you the same interest as using an easy access account at 5% like Cahoot Sunny Day

masonic

https://forums.moneysavingexpert.com/discussion/comment/82201259#Comment_82201259

I reckon a little under 10 minutes work opening it, then around 30 seconds per month pushing a payment over, and hopefully no more than a minute withdrawing the maturity balance, so call it £22 per hour (before tax of course). It's borderline, sure.

dcs34

https://forums.moneysavingexpert.com/discussion/comment/82200964#Comment_82200964

Since you can apply online and receive the account details within minutes (I got them in the last ten minutes for an application 20 minutes ago) it suggests there is minimal staff intervention in the account opening process. Ergo it does not cost FBS much for more people to make applications.

Given they could have easily restricted the account to ST holders (albeit verifying this might have turned into a GDPR nightmare) I think it's fair game. If I somehow win a prize I'd ask them to donate it to a local Barrow AFC fan instead.

Bridlington1

https://forums.moneysavingexpert.com/discussion/comment/82200175#Comment_82200175

Technical issues temporary measure:

As these issues are still ongoing with no end in sight, I've added an extra column to the listings on p1 of this thread, gone through each listing on my spreadsheet and copied a link to the account in plaintext form so that you can still view it and copy/paste as required.

I appreciate the listings do look a bit squashed but it's the best I've been able to come up with under the current circumstances. I shall of course continue to experiment to see if the presentation can be improved.

For now though, thank you all once again for your patience whilst this forum's gremlins continue to work their black magic on this thread in the form of the new text editor.

where_are_we

https://forums.moneysavingexpert.com/discussion/comment/82201216#Comment_82201216

My account appeared fairly quickly - click manage accounts - then go back to home page. I usually override a no COP match if funding a new RS in order to achieve the quickest start of interest payments. I find it strange that most RSs summary boxes do not include the sort code and account number to use along with your account number as reference with regard to funding. They make you have to go searching for the relevant information somewhere on their website.