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

Kim_13

On Coventry Sunny Day (2), I thought this month was the last month of funding required, and that the additional draw was qualified for by virtue of having qualified for entry to the other 11 draws.

I will leave the £110 until after the date of the additional draw in August though.

surreysaver

https://forums.moneysavingexpert.com/discussion/comment/82069943#Comment_82069943

Up until a couple of years ago I was spreading out opening regular savers to help with cash flow when they matured, but learnt the hard way when I missed out on HSBC's 7% regular saver because of it. I now open new ones as soon as possible, and that has enabled me to open ones, such as Beverley's, which have only been around for a day or two

Kim_13

https://forums.moneysavingexpert.com/discussion/comment/82070108#Comment_82070108

I try to strike a balance - a RS from a bank/building society with a consistent record of offering something competitive can probably wait. But other than that, open straight away and try to fill the gaps with others later. I took Furness Summer 2027 purely to use the allowed withdrawal as May as I didn't manage to open anything then, though it will only receive the full £350 in months with multiple maturities.

Bobblehat

https://forums.moneysavingexpert.com/discussion/comment/82069943#Comment_82069943

@jaypers .. I had a go at interpreting your stats for each column in the League Table using the updated figures you've just supplied 😀. I had to make some assumptions so feel free to substitute your own more accurate figures to the potential ones below. TIA

Ch1ll1Phlakes

Think it's about time I updated my numbers and ranking.

Currently holding 19 solo but a few more additions probably due with new releases.

Monthly payments of £2875

Weighted Average of 6.10%

Minimum Rate for new of 6%

surreysaver

My figures for July:

Deposited - £14,279

Withdrawn - £8,127.55 (I've started to record withdrawals as well, to provide a net figure which for July is £6151.45 deposited)

Number of regular savers - 60

Weighted average - 6.2%

Minimum to be interested for opening new / fully funding - 5.25% (although I'll go lower for novelty value, such as an organisation I do not have a relationship with)

FishInGlass

My monthly update for August
19 Accounts solo (added Halifax and BOS last month). Expecting to drop to a Principality, Virgin, Darlington and 3 Monmouthshires but only open a new Monmouthshire this month. Time will tell.
Funding £3760
Total savings £51605
Annual Return £3423
Weighted average 6.63%
Minimum rate for new RS 5.75%

masonic

https://forums.moneysavingexpert.com/discussion/comment/82054950#Comment_82054950

Since I am supposed to be in run down, what must have happened is my total number of RS has decreased from 14 to 19. I definitely wouldn't have been tempted by 8%, nor would I have decided to reopen a FD RS having succumbed to the others…

Total RS: 19

Funding: £4,200 PCM

Value: £46,400

Annual return: £3,045

Weighted average rate: 6.56%

Minimum rate for new RS: 7%

Bobblehat

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

Run down mode …. a way of still opening RSs …. but not as many as you used to 😀

Zippy29

21 regular savers; average interest = 6.14%; minimum interest rate for new regular savers = 5% due to my ISA being maxed out. Thank you