Savings interest rate thread
Discussion
Armitage.Shanks said:
OldSkoolRS said:
I've had some great rates over the past year or so thanks mostly to this thread/Savingschampion.
Agree as I've found a few options on here that didn't show through Martin Lewis et al. I nailed the NS&I 1yr fix at 6.2% last yearI only wish I'd put more in.
As a saver from monthly salary, I’ve opened 2 accounts paying fixed 5.5% over the next 12 months.
£500 a month going into those and ideally I’d like another to appear on the market to get a bit more in at that kind of guaranteed rate. There are others out there, but they have silly max monthly amounts of £50, so not worth it.
£500 a month going into those and ideally I’d like another to appear on the market to get a bit more in at that kind of guaranteed rate. There are others out there, but they have silly max monthly amounts of £50, so not worth it.
rossub said:
As a saver from monthly salary, I’ve opened 2 accounts paying fixed 5.5% over the next 12 months.
£500 a month going into those and ideally I’d like another to appear on the market to get a bit more in at that kind of guaranteed rate. There are others out there, but they have silly max monthly amounts of £50, so not worth it.
First Direct is 7% on £300/m£500 a month going into those and ideally I’d like another to appear on the market to get a bit more in at that kind of guaranteed rate. There are others out there, but they have silly max monthly amounts of £50, so not worth it.
Co-op is 7% on £250/m
Lloyds is 6.25% on £400/m
rossub said:
All only if you’re already a customer of theirs.
If it helps, I don't think First Direct have any particular funding/Direct Debit requirements to have one of their accounts. If you can stand having a credit search, it's probably worth opening one to get the savings account.spikyone said:
If it helps, I don't think First Direct have any particular funding/Direct Debit requirements to have one of their accounts. If you can stand having a credit search, it's probably worth opening one to get the savings account.
The first direct 7% Account is OK as such but very limited at only £300pm max pay in. The rest of their savings rates are typical poor bank rates. rossub said:
Are you suggesting moving bank account?
I can’t be arsed with that just to get one of those savings rates. One of the 5.5% accounts I have is from my own bank as well, so not far behind really.
Moving? No. You can have more than one bank account, just open another with those providers, it takes minutes.I can’t be arsed with that just to get one of those savings rates. One of the 5.5% accounts I have is from my own bank as well, so not far behind really.
I've got regular savers with lloyds, halifax, natwest, nationwide, first direct, and co-op, never mind all the other providers I have current / savings accounts with as well.
Strudul said:
Moving? No. You can have more than one bank account, just open another with those providers, it takes minutes.
I've got regular savers with lloyds, halifax, natwest, nationwide, first direct, and co-op, never mind all the other providers I have current / savings accounts with as well.
Ok, that’s interesting. I thought opening new bank accounts was really difficult with all sorts of questions asked. Certainly was when I did that circa 1997 I've got regular savers with lloyds, halifax, natwest, nationwide, first direct, and co-op, never mind all the other providers I have current / savings accounts with as well.
Rufus Stone said:
Somebody said:
The rate is variable.(1) as mentioned above variable rate.
(2) introductory bonus (for how long - next week?)
I like to know what I'm getting at the end of the term - no BS.
Virgin Money are currently offering 5.05% fixed for one year.
Greenmantle said:
Rufus Stone said:
Somebody said:
The rate is variable.(1) as mentioned above variable rate.
(2) introductory bonus (for how long - next week?)
I like to know what I'm getting at the end of the term - no BS.
Virgin Money are currently offering 5.05% fixed for one year.
Few (any?) accounts will guarantee a rate unless you agree to tie your money up for a period of time. That’s fine if you know you won’t need it, but flexibility of access comes at the cost of flexibility in the rates. It’s not BS, just the way it is.
mikey_b said:
Greenmantle said:
Rufus Stone said:
Somebody said:
The rate is variable.(1) as mentioned above variable rate.
(2) introductory bonus (for how long - next week?)
I like to know what I'm getting at the end of the term - no BS.
Virgin Money are currently offering 5.05% fixed for one year.
Few (any?) accounts will guarantee a rate unless you agree to tie your money up for a period of time. That’s fine if you know you won’t need it, but flexibility of access comes at the cost of flexibility in the rates. It’s not BS, just the way it is.
Just makes my P*ss Boil.
From the above screenshot the variance in interest rate could be as low as 0.91% and a maximum of 5.16%. No thank you. I've fixed for a rate under 5% but for a longer period. Not 100% happy but I have accepted the deal.
Gassing Station | Finance | Top of Page | What's New | My Stuff