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Regular Savings Accounts Article Discussion

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  • Eco_Miser
    Eco_Miser Posts: 4,848 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    The links haven't vanished, the thread has, but you can see it at http://cc.bingj.com/cache.aspx?q=Regular+Savings+Accounts%3a+The+Best+%20%20Currently+Available+List!&d=4854435746350044&mkt=e%20%20n-GB&setlang=en-GB&w=56r7q2PhtByfiqkvgRVDL2OtemTfrxK-

    I think the other thread you refered to ( https://forums.moneysavingexpert.com/discussion/5775223 ) contains all the information any users know about the disappearance of this and other threads.
    Eco Miser
    Saving money for well over half a century
  • I have just noticed that the calculator I set up in my own spreadsheet is incorrect.
    Essentially it worked out the interest on the month 1 balance then added the interest to the month2 balance then recalculated the new interest and added it to the month3 balance. Etc. I can see that this is giving an underestimate of the actual interest but I can't see what is wrong.
    Unless it is to do with daily interest calculation??
    I have nicked a formula off the web which is much closer to correct (a few pence) but I cannot see what is wrong with my original approach! Sad old brain is creaking. Help.
  • KTF
    KTF Posts: 4,848 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    The formula I use to work out the max possible interest is:

    =SUM(12*E10)*C10/12*6.5

    In this case E10 is the max amount per month and C10 is the interest rate in %.

    Replace the cell references with your own values and see if it is any closer.
  • No sign yet of Issue 9 of the Virgin Money Regular E Saver. Has anyone any inside knowledge of a launch date?

    Maybe Issue 8 was the last one.
  • No sign yet of Issue 9 of the Virgin Money Regular E Saver. Has anyone any inside knowledge of a launch date?

    Maybe Issue 8 was the last one.

    Some other thread says issue 9 out tomorrow at same rate as 8.
  • Frogletina
    Frogletina Posts: 3,914 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Some other thread says issue 9 out tomorrow at same rate as 8.

    Thank you

    I have just found the other thread which replaces the original Regular Saver one which disappeared the other day

    https://forums.moneysavingexpert.com/discussion/5776240

    frogletina
    Not Rachmaninov
    But Nyman
    The heart asks for pleasure first
    SPC 8 £1567.31 SPC 9 £1014.64 SPC 10 # £1164.13 SPC 11 £1598.15 SPC 12 # £994.67 SPC 13 £962.54 SPC 14 £1154.79 SPC15 £715.38 SPC16 £1071.81⭐⭐⭐⭐⭐⭐⭐⭐⭐Declutter thread - ⭐⭐🏅
  • Westie983
    Westie983 Posts: 5,215 Forumite
    Tenth Anniversary 1,000 Posts I've been Money Tipped! Name Dropper
    Frogletina wrote: »
    Thank you

    I have just found the other thread which replaces the original Regular Saver one which disappeared the other day

    https://forums.moneysavingexpert.com/discussion/5776240

    frogletina

    Thanks for this, I should have thought to put it here.

    Westie983
    I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.
    Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
    Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
    Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
    Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
    £2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
    The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
    Total £4095.19/£7332.95 = 55.84%
  • Westie983
    Westie983 Posts: 5,215 Forumite
    Tenth Anniversary 1,000 Posts I've been Money Tipped! Name Dropper
    I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.
    Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
    Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
    Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
    Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
    £2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
    The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
    Total £4095.19/£7332.95 = 55.84%
  • AirlieBird
    AirlieBird Posts: 1,046 Forumite
    I'm quite disappointed Virgin are remaining at 1% for the Reward saver for maturing regular savers this month. This is less than their (branch) easy saver and their easy access ISAs. Some reward.

    I guess they don't want our money to stay with them.
    Did you really mean to put loose?
    Lose: no longer possess, not to retain, unable to find
    Loose: not firmly or tightly fixed in place
  • dekkard
    dekkard Posts: 246 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    AirlieBird wrote: »
    I'm quite disappointed Virgin are remaining at 1% for the Reward saver for maturing regular savers this month. This is less than their (branch) easy saver and their easy access ISAs. Some reward.

    I guess they don't want our money to stay with them.

    Open a new Regular Saver with them ?
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