How many regular savers do you have? - The League Table

masonic

https://forums.moneysavingexpert.com/discussion/comment/82088398#Comment_82088398

Here's my update (or what will be as of 1st September)

Total RS: 15

Funding: £3,700 PCM

Value: £31,600

Annual return: £2,061

Weighted average rate: 6.52%

Minimum rate for new RS: 7%

FishInGlass

My monthly update for September
16 Accounts solo
Renewed Monmouthshire and added Ecology and Earl Shilton last month. Dropped my last 6 month Principality plus Virgin, Darlington and 2 Monmouthshires. Just Nationwide to renew in September unless things change.
Funding £3060
Total savings £23114
Annual Return £1532
Weighted average 6.62%
Minimum rate for new RS 6% (trying to reduce the number of organisations I deal with but not totally successfully as evidenced by me adding 2 new ones)

Following on from the conversation with regard to account funding. I have never included Progressive in my figures as I emptied this when the rate dropped to 5.25%. I withdrew everything bar £1 as I wasn't allowed to close it. I received £7.48 interest last month for my pound when it finally matured.

Purpleheart

I haven't given an update for a while, I am still on 8 although some have matured and new ones opened since I last posted, total amount a month is £2,250.

I did have an aim of running the number down but they are just too addictive!!

JamesRobinson48

A new contributor to the thread:

Number of RS accounts: 21

Monthly payments in: £5,850

Current total: £27,951

Weighted average %: 5.69%

Lowest % rate considered: 5.00%

Kim_13

Number of RS: 30

Total value: £36,460

Weighted average: 6.06%

Min for new RS: 6% (though I did take the new 5% Fixed Suffolk issue just in case there is nothing worth having in November/December to mature at the same time.)

cc123mm456

I'm a new entry this month.

Number of RS (solo): 16
Per month: £4,500
Current value: £20,450
Annual return: £2,017
Weighted average: 6.72%
Min % for new RS: 6.00%

Bobblehat

Thanks everyone … great to see a couple of new entries, and, of course, returning old friends 😀

roked

My updated numbers are as follows

Number of RS 38 (couldn't quite replace the loss of Mons & Principality accounts)

Current Pay in Per month £9875

Current value £57360

Weighted average 6.08%

Min % for new RS 5.25

Ref the discussion on what RSs to include in these numbers, I think it makes sense to only include ones that are actively being used for savings and not as an enabler for future accounts. The 'game' is after all to get the most returns for the money we currently have 😎

snookerloopy96

Latest update, 38 RS accounts now.

I've had the Monmouth money come in so I will bump up the funding on a few accounts, monthly total now £5500.

Generally 5% is my low threshold but I do have one or two lower than that in order to stay with the brand.

Edit : just spotted I'd put £6k as my monthly savings but I haven't been able to fund the lower ones much so I'll stick at 5.5k

Dugal

Been a while since I updated :

September deposits : 9460

Total in RS : 70600

Average % return : 5.81

Number of RS : 35

Have been taking RS down to 5% , but need to review as income approaches HR tax threshold.