Savings interest rate thread

[MajorMantra]

Zoon said:

They are adding transfers in shortly however.

Ah, didn't know that. I've already requested to move my Tesco ISA from last year into a Zopa ISA because of this.

[Timothy Bucktu]

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 year

I put some money in the day before it closed! That was an epic deal!
I only wish I'd put more in.

[xyz123]

Puzzles said:

Anyone used plum?

One of my friends said the app is good and it’s easy to set up.

He is getting 5%+ on his isa.

I am also interested in any feedback please.

[Somebody]

Opened an ISA on the Moneybox app a week ago:



Won't be touching the capital so locking in the rate. Took a few days to open due to to-ing and fro-ing re form of ID (pic of passport). I'm also transferring a 1 year fix rate ISA here when it matures next month.

[Timothy Bucktu]

I was surprised at how easy it was to set up a Zopa account. Name, age, address and NI number. That was pretty much it.
Their app is good. Very easy to navigate.

[Rufus Stone]

Somebody said:

Opened an ISA on the Moneybox app a week ago:



Won't be touching the capital so locking in the rate. Took a few days to open due to to-ing and fro-ing re form of ID (pic of passport). I'm also transferring a 1 year fix rate ISA here when it matures next month.

The rate is variable.

[rossub]

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.

[Strudul]

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
Co-op is 7% on £250/m
Lloyds is 6.25% on £400/m

[rossub]

All only if you’re already a customer of theirs.

[hairy v]

https://clicks.moneysupermarketmail.com/f/a/OlNGCs...

[spikyone]

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.

[200Plus Club]

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.

[Strudul]

rossub said:

All only if you’re already a customer of theirs.

Why's that an issue? Just open an account; it's free.

[rossub]

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.

[Strudul]

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'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.

[rossub]

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

[Greenmantle]

Rufus Stone said:

Somebody said:

Opened an ISA on the Moneybox app a week ago:



Won't be touching the capital so locking in the rate. Took a few days to open due to to-ing and fro-ing re form of ID (pic of passport). I'm also transferring a 1 year fix rate ISA here when it matures next month.

The rate is variable.

sorry that is as clear as mud!

(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.

[mikey_b]

Greenmantle said:

Rufus Stone said:

Somebody said:

Opened an ISA on the Moneybox app a week ago:



Won't be touching the capital so locking in the rate. Took a few days to open due to to-ing and fro-ing re form of ID (pic of passport). I'm also transferring a 1 year fix rate ISA here when it matures next month.

The rate is variable.

sorry that is as clear as mud!

(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.

The expiry date of the introductory bonus is literally written on the screenshots.

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.

[Greenmantle]

mikey_b said:

Greenmantle said:

Rufus Stone said:

Somebody said:

Opened an ISA on the Moneybox app a week ago:



Won't be touching the capital so locking in the rate. Took a few days to open due to to-ing and fro-ing re form of ID (pic of passport). I'm also transferring a 1 year fix rate ISA here when it matures next month.

The rate is variable.

sorry that is as clear as mud!

(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.

The expiry date of the introductory bonus is literally written on the screenshots.

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.

sorry I disagree if any financial organisation wants to play this sort of game just to shave a few points off the rate then I'm out. We are all aware of the verbal gymnastics that normally goes on surrounding any sort of financial product never mind the current situation where interest savings rates are higher.

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.

[Seventyseven7]

Anyone use the H&L Active Saving account?

The current best easy access rates I get are - Paragon 4.75%, OakNorth 4.72%, Allica 4.71% and Zopa 4.66% all AER.

Thoughts on these, not sure if I should come out of H&L and manage all the accounts myself for better rates.