Savings interest rate thread

[981Boxess]

CBS now also up to 5.2% AER (limited access though)

Painless online migration from their lower rate offering

https://www.coventrybuildingsociety.co.uk/member/s...

[Teatowell]

981Boxess said:

Who cares, i'll take it and have, when they get in what they want they will close it, I am surprised it has taken this long.

A lot of people will have already moved into FRBs so there is probably less instant access cash out there to attract, the better rate might sway people who still have the choice.

The tax payer should care. It’s at our cost. Govt issuing gilts at 5.30%…

There’s plenty (+£900bn) of easy access cash out there.

[981Boxess]

Teatowell said:

981Boxess said:

Who cares, i'll take it and have, when they get in what they want they will close it, I am surprised it has taken this long.

A lot of people will have already moved into FRBs so there is probably less instant access cash out there to attract, the better rate might sway people who still have the choice.

The tax payer should care. It’s at our cost. Govt issuing gilts at 5.30%…

There’s plenty (+£900bn) of easy access cash out there.

I can either take the rate and get more or not.

What can I do to change what the government are doing?

[GT4P]

981Boxess said:

CBS now also up to 5.2% AER (limited access though)

Painless online migration from their lower rate offering

https://www.coventrybuildingsociety.co.uk/member/s...

Thanks again Boxess, I only changed it a few weeks ago to the 4 access saver, pretty straightforward to move in house though.
Seems like I am moving money around every day with all these rate changes, thought they would soften a bit!

[981Boxess]

GT4P said:

Seems like I am moving money around every day with all these rate changes, thought they would soften a bit!

No pain, no gain

Shawbrook just gone up to 5.11% AER - no messing about, they just up your rate and text you to tell you they have done it.

[BumFLuff]

Thing that puts me off NS&I is the website and customer services both seem pretty crap. For the sake of 0.50% less I'm happy to go elsewhere.

[981Boxess]

BumFLuff said:

Thing that puts me off NS&I is the website and customer services both seem pretty crap. For the sake of 0.50% less I'm happy to go elsewhere.

I was already registered with them so maybe coming from a different angle but it couldn’t have been easier to invest in their bond.
The only difference from the usual suspects was debit card funding, which if anything was easier.

[Downward]

What’s the best thing for a Junior Isa now my Son turns 18 ?

I looked at the help to buy but there is a time limit on this.

[Downward]

What’s the best thing for a Junior Isa now my Son turns 18 ?

I looked at the help to buy but there is a time limit on this.

[Catz]

NS&I fixed rate 1 year bond still at 6.2%.
It’s backed by the treasury and not fscs, is this significant? Is it still a safe bet?

[bmwmike]

i've got 2 kids junior ISA's with AJB. Does anyone know if its possible to transfer those into NSANDI 6.2%? That would mean transferring in the kids' names of course, as its their money.

[M4tt-H]

Catz said:

NS&I fixed rate 1 year bond still at 6.2%.
It’s backed by the treasury and not fscs, is this significant? Is it still a safe bet?

NS&I is basically just an arm of the Treasury so this should mean all your "savings" (your loan to the govt) are backed by them. FSCS gives you a warranty up to £85k, but I think the Treasury will underwrite all your "savings" entirely.

[981Boxess]

Catz said:

NS&I fixed rate 1 year bond still at 6.2%.
It’s backed by the treasury and not fscs, is this significant? Is it still a safe bet?

As safe as it gets 100%

[981Boxess]

Cynergy have yet another issue - 5.15%AER

Painless online upgrade from older issues

[Tim Cognito]

Ns&I 6.2% pulled this morning. I applied yesterday evening so fingers crossed I made the cut.

[Teatowell]

Tim Cognito said:

Ns&I 6.2% pulled this morning. I applied yesterday evening so fingers crossed I made the cut.

Watch FRB rates collapse now.

[981Boxess]

Tim Cognito said:

Ns&I 6.2% pulled this morning. I applied yesterday evening so fingers crossed I made the cut.

I am surprised it took this long

[981Boxess]

Teatowell said:

Tim Cognito said:

Ns&I 6.2% pulled this morning. I applied yesterday evening so fingers crossed I made the cut.

Watch FRB rates collapse now.

Collapse - I doubt it, but it was never going to last forever

[Timothy Bucktu]

I stupidly missed the boat on the NS&I deal.
Can anyone advise the next best saving rate out there please?

ETA...Ford Money seems to be one of the best from a quick Google... https://www.fordmoney.co.uk/savings-products/fixed...
and Cynergy bank https://www.cynergybank.co.uk/personal/fixed-rate-...

Edited by Timothy Bucktu on Monday 16th October 10:45

[MaxFromage]

https://savingschampion.co.uk/best-buys/personal/f...