Best strategy for regular savers?

Fella

Is there a perceived best strategy for regular savers?

To my mind it seems that by far the best strategy is to go for the ones with no upper limit initially. If you keep them for a few years the extra interest should easily beat the "12-month" offers. Do others agree or am I missing a trick?

(I'm talking about the best strategy for someone thinking of putting £2K-3K a month in regular savers who is therefore going to be openeing quite a few of them).

Thanks
Fella

Steve_xx

Which 'regular savings' accounts do you know of where you can input upto 3k per month?

RayWolfe

Steve, you have misread.
Fella, I agree with your thoughts. I am closing down many of my annual jobbies and concentrating on the long term ones. You have to keep on your toes however when high fixed rate long term "bonds" come out.

The_Fiddler_2

Which regular savers are the more long term ones? (last for longer than a year)

noh

The_Fiddler wrote: »

Which regular savers are the more long term ones? (last for longer than a year)

http://forums.moneysavingexpert.com/showthread.html?t=608697&highlight=best+regular

Nigel

steady__eddie

"Which regular savers are the more long term ones? (last for longer than a year)"

Scarborough, Yorkshire, Bath, Skipton, Derbyshire, Cheshire, Monmouthshire, Hanley, Newcastle, and Saffron for starters. These may not be the highest payers but I support them for "membership" purposes hence the lack of non-mutual organisations.

bristolleedsfan

steady__eddie wrote: »

"Which regular savers are the more long term ones? (last for longer than a year)"


Scarborough, Yorkshire, Bath, Skipton, Derbyshire, Cheshire, Monmouthshire, Hanley, Newcastle, and Saffron for starters. These may not be the highest payers but I support them for "membership" purposes hence the lack of non-mutual organisations.

snap. :T although from that list to reduce monthly payments on speculative grounds.

100.00 in BMW e-saver suffices Newcastle membership.

http://www.bmw.co.uk/bmwuk/direct_finance/savings_and_inv/e-saver/overview/0,,,00.html

100.00 in monmouth xmas saver and then 1.00 a month rather than paying 20.00 a month into its other reg saver.

Derbyshire, i just got 100.00 in its I-Saver, saves paying 10.00 a month into Derbyshire.

Did you pay a personal visit to Hanley BS Mr Steady Eddie to get into Hanley with a reg saver or have u had an account for a decade. :think:

Fella

I would deffo add Nationwide to that list?

steady__eddie

"Did you pay a personal visit to Hanley BS Mr Steady Eddie to get into Hanley with a reg saver or have u had an account for a decade."

It was a personal visit on 30/10/04, only another 635 days to go and I'll be a member of 5 years standing :j

Afahmaep

I have started using the Nationwide Regular Savings as an emergency current account. You can withdraw £300 per day from a cashpoint and then go into the branch and withdraw another £500 over the counter. As long you top up the account by the end of the month and it increases by £200 or more (by the end of the month) you still get 6.50%.

The_Fiddler_2

Afahmaep wrote: »

I have started using the Nationwide Regular Savings as an emergency current account. You can withdraw £300 per day from a cashpoint and then go into the branch and withdraw another £500 over the counter. As long you top up the account by the end of the month and it increases by £200 or more (by the end of the month) you still get 6.50%.

Are you sure about that, the interest rate I mean?