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How many regular savers do you have? - The League Table
Comments
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Hi @CricketLady … welcome to the RS League 😀
We are a very informal lot here, so don't worry about getting anything a little wrong! Feel free to supply as many or as few statistics as you are comfortable with, and as frequently or infrequently as you feel able.
You'll see there are a wide range of stats, in numbers of RSs people hold and in completion of the columns. Some submit just a few columns for their stats and others go for the lot 😀 … all welcome.
I've added your stats to the League Table and you will be able to see them after the next update (due sometime this coming weekend).
Cheers, Bobbles!
Compiler of the RS League Table.
https://forums.moneysavingexpert.com/discussion/6670416/how-many-regular-savers-do-you-have-the-league-table/p10 -
Thank you Bobbles! (Hoping you've forgotten that I once proposed to you, just love a statistician!)(Hi to Mrs Bobblehat!)
Now that I've joined this league table thread I'm actually finding this motivating in a different way than before - previously I was trying to get as many regular savers as I could (at one point I had 52 which I thought was great as it averaged one a week for maturity) but since calculating my average to be 5.87 I'm now hoping to increase that (although I'm aware this is dependent on outside sources, another nice juicy 8% from somewhere wouldn't go amiss!)
So I am enjoying finding this a bit of a competition, but not with the other contributors - me of next month will be competing only with me of this month if that makes sense?! And I don't mind where I am on the league table, I'm just happy to be included, thank you!
xxx
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Uncharacteristically, I am lost for words! 😚
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Yes, you are very much allowed to compete with yourself!
Compiler of the RS League Table.
https://forums.moneysavingexpert.com/discussion/6670416/how-many-regular-savers-do-you-have-the-league-table/p10 -
My numbers
Total Regular savers = 28 (same for OH)
Monthly investment = £7,260
Total invested = £41,540
Weighted Average = 6.15%
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I forgot to include RBS/NatWest. They are not in my RS spreadsheet because they've reached £5k a couple of years ago, I just skim the interest once a month. Also I didn't include £10+interest in the old Ecology RS paying 3%, I've decided to keep it running but haven't made any deposits since February 2024.
So my updated numbers are:
Total number of RSs
54
Per month
£12,045.00
Current value
£120,295.65
Weighted average (2dp)
6.05%
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Update post 2x Monmouthshire maturings. Down to 10 RS. £2,350 per month going in. Currently £12,900 in them. Average 6.10%
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My figures are as follows:
- Total number of RSs: 42 (+6 from last month)
- Weighted average: No figure to declare so please remove this as my spreadsheets are all over the place at the moment. This figure'll be submitted in my October update.
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I now have 22 regular savers, of which 18 are funded every month, the other 4 are only funded when I have excess funds.
As I'm about to lose my 7% Monmouthshire, I thought I'd look at my weighted average before and after. Surprisingly it only drops from 6.79% to 6.7%. And from my predicted balances in March, it should rise to 6.86%, helped by all those 8% accounts building up.
Most of my regular savers are earning 6.5% or more, hence why my weighted average is quite high compared to others I've seen quoted. A couple of lower ones got culled to fund my flat deposit.
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60 Regular Savers
£14750 Per Month
£117,500 Total Holding
5.71 % Weighted Average
£6680 Estimated Interest
I pay £150 into RBS and Nat West every month and reduce down to £4500 every 3 months
Old Saying Once bitten twice shy
Modern Saying Once Sh*t on Twice Bye!1 -
I was surprised by how little mine dropped when I took the £12,000 entry off, but it dropped more when the funds were added to other RS (as everything north of 6% had already been funded for August.)
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