Savings interest rate thread

[Rufus Stone]

durbster said:

Oaknorth are offering 5% fixed rates:
https://oaknorth.co.uk/personal-savings/fixed-term...

The 1Y was 5.11% a couple of weeks ago (we grabbed that) so I dunno how long they'll stay above 5.

Edited by durbster on Friday 3rd May 07:48

That's for personal savings, their cash ISA is 4.62%.

[durbster]

Rufus Stone said:

durbster said:

Oaknorth are offering 5% fixed rates:
https://oaknorth.co.uk/personal-savings/fixed-term...

The 1Y was 5.11% a couple of weeks ago (we grabbed that) so I dunno how long they'll stay above 5.

Edited by durbster on Friday 3rd May 07:48

That's for personal savings, their cash ISA is 4.62%.

Oops, I somehow missed the ISA bit.

Sorry for getting hopes up!

[Rufus Stone]

durbster said:

Oops, I somehow missed the ISA bit.

Sorry for getting hopes up!

I don't understand why the rates should be lower. They will probably argue the admin of an ISA is more expensive or something.

[bitchstewie]

I assumed it's as simple as they can get away with it as people hate the thought of paying tax so might go for the ISA even if they might be better off with a taxable account.

[Rufus Stone]

bhstewie said:

I assumed it's as simple as they can get away with it as people hate the thought of paying tax so might go for the ISA even if they might be better off with a taxable account.

In other words, institutional greed. Probably.

[981Boxess]

bhstewie said:

I assumed it's as simple as they can get away with it as people hate the thought of paying tax so might go for the ISA even if they might be better off with a taxable account.

Same as Premium Bonds, we are only in front because of the tax advantage otherwise the same money in a FRB would have returned better.

[Dr Amatisation]

Does anyone with a Chase account have any idea why they are so slow getting the annual interest statements done? They are saying it’s going to be ‘a few weeks’. Can’t be that hard surely??

[journeymanpro]

Dr Amatisation said:

Does anyone with a Chase account have any idea why they are so slow getting the annual interest statements done? They are saying it’s going to be ‘a few weeks’. Can’t be that hard surely??

Santander the same, want to he rmy self assessment done but waiting on them.

[MajorMantra]

journeymanpro said:

Santander the same, want to he rmy self assessment done but waiting on them.

You sure about that? My Santander ones were available in my online banking docs a few days ago.

[journeymanpro]

MajorMantra said:

You sure about that? My Santander ones were available in my online banking docs a few days ago.

Yes, mine aren't. I messaged and they have said usually by the end of May.

[981Boxess]

journeymanpro said:

Dr Amatisation said:

Does anyone with a Chase account have any idea why they are so slow getting the annual interest statements done? They are saying it’s going to be ‘a few weeks’. Can’t be that hard surely??

Santander the same, want to he rmy self assessment done but waiting on them.

The statement is only a total of the figures that have been paid into or credited to an account - just look them up and add them up yourself.

[markiii]

This

[journeymanpro]

Ah yes, my bad. I was hoping for an Atom style sheet that just makes it very easy.

[Zoon]

sunnyb13 said:

Looking for a regular saver account (not fixed) which offers a good rate. Lloyds do 6.25% but max you can put in is £400 a month . Looking for a savings account that we can put £10-12k a month each month in with a good rate.

Close brothers do 5% bang on, but anyone else do better? ISAs etc already maxed out.

Chip do 5.09

[Zoon]

sunnyb13 said:

Zoon said:

sunnyb13 said:

Looking for a regular saver account (not fixed) which offers a good rate. Lloyds do 6.25% but max you can put in is £400 a month . Looking for a savings account that we can put £10-12k a month each month in with a good rate.

Close brothers do 5% bang on, but anyone else do better? ISAs etc already maxed out.

Chip do 5.09

looks like 4.84 according to their site?

Sorry, you are right. I'm getting 5.09% because someone referred me.


ETA

Sorry not allowed.

Edited by Big Al. on Tuesday 7th May 13:42

[leef44]

Well I've just moved the last bit of funds out of Santander 5% saver account since that drops to 4% from 20th May.

I've opened Cahoot Sunny Day Saver account for my OH and myself. This pays 5% interest but only £3000 maximum per account.

[LH.]

Just started moving from Santander got until 20th before rate drops.

Opened a secure trust account while ago paying 4.98% easy access dropping in there.

[Funk]

Metro dropping their rate:

Your variable Limited Edition interest rate(s) is decreasing and we’re removing the end date:

We’re getting in touch to let you know that following a review, we’ve decided to decrease our variable Limited Edition rate(s). You’re affected by this change and the rate(s) on your Limited Edition account(s) will change on 08 July 2024.

Instant Access Account, Online Instant Access Account and FTD Funding Account

• Current Limited Edition rates of 5.10% gross / 5.22% AER* will change to 3.88% gross / 3.95 AER*

• Current Limited Edition rates of 4.86% gross / 4.97% AER* will change to 3.88% gross / 3.95 AER*

• Current Limited Edition rates of 4.42% gross / 4.51% AER* will change to 3.88% gross / 3.95 AER*

• Current Limited Edition rates of 3.94% gross / 4.01% AER* will change to 3.88% gross / 3.95 AER*

Once that finally drops I'll shunt the savings back to Chase @ 4.1%.

[SlimJim16v]

Marcus still doing 4.75%

[leef44]

Has anyone had a Tesco Fixed Rate Saver which has matured?

I've updated the options online for funds to go to nominated account on maturity. Now I've received a letter which gives three options and says to call them.

I don't want to end up in a long hanging call to a call centre going through security questions and thought it might be quicker if someone can confirm that the funds will automatically get transferred to my nominated account or whether you actually have to call them to make it happen.