Savings interest rate thread
Discussion
Salted_Peanut said:
Do you know which cash ISA has the best rate (for now) with monthly interest and that accepts transfers?
Zopa seems to offer it, but I’m unfamiliar with them. I think the Coventry Building Society does, too. Is there anyone else?
Plum is the best rate Cash ISA at 5.17% and allow transfers. Zopa is the best rate flexible Cash ISA that also allows transfers, at 5.08%.Zopa seems to offer it, but I’m unfamiliar with them. I think the Coventry Building Society does, too. Is there anyone else?
Chip are offering 5.10% AER but I'm not sure whether the rates will change overnight as we go into the new tax year. I'm waiting to see what I can open from tomorrow so that I keep my savings interest under my allowance, so I'll be keeping an eye on it too.
Easy access ISAs:
https://savingschampion.co.uk/best-buys/personal/e...
Fixed rate ISAs:
https://savingschampion.co.uk/best-buys/personal/f...
Easy access ISAs:
https://savingschampion.co.uk/best-buys/personal/e...
Fixed rate ISAs:
https://savingschampion.co.uk/best-buys/personal/f...
OldSkoolRS said:
I'm waiting to see what I can open from tomorrow so that I keep my savings interest under my allowance…
Also waiting to shift some cash, it’s quite frustrating to think interest is now something reasonable & then loose a chunk of it!!!If you’re already at your isa max & are expecting to be in a lower tax bracket in the not to distant future, NS&I growth bond? 3years interest paid & taxable all at once in 3 years time?
Turbojuice said:
Salted_Peanut said:
Do you know which cash ISA has the best rate (for now) with monthly interest and that accepts transfers?
Zopa seems to offer it, but I’m unfamiliar with them. I think the Coventry Building Society does, too. Is there anyone else?
Plum is the best rate Cash ISA at 5.17% and allow transfers. Zopa is the best rate flexible Cash ISA that also allows transfers, at 5.08%.Zopa seems to offer it, but I’m unfamiliar with them. I think the Coventry Building Society does, too. Is there anyone else?
Edited by mikey_b on Friday 5th April 20:21
halo34 said:
MrBig said:
Anyone gone with Chip? 5.1% AER variable seems like one of the best deals around for an ISA.
Yeah dead easy to set up and transfer money in/out - app easy to use and you can see interest accrue daily.AndyAudi said:
Also waiting to shift some cash, it’s quite frustrating to think interest is now something reasonable & then loose a chunk of it!!!
If you’re already at your isa max & are expecting to be in a lower tax bracket in the not to distant future, NS&I growth bond? 3years interest paid & taxable all at once in 3 years time?
Thanks but no good for me I'm afraid; I'll be using up my allowance for the next three years at least (starter savings rate + £1k 20% rate), so I'm moving savings bonds into ISAs each year as they mature. Receiving all the interest in one tax year would be worse for me than spreading it out over the term. Also the rate for those growth bonds seems about 0.5% lower than other fixed savings bonds available over 3 years, so not the best deal I can see.If you’re already at your isa max & are expecting to be in a lower tax bracket in the not to distant future, NS&I growth bond? 3years interest paid & taxable all at once in 3 years time?
Edited by OldSkoolRS on Saturday 6th April 09:41
Couple if questions.
1. Notice ISA account-these tend to have higher rate but the rate is variable so you are at mercy of the provider. I hope not hit they can drop the rate down and then you are stuck for 60/90days. Anybody use these accounts and am I worrying too much abt sudden interest rate drop?
2. Does anyone use Plum or moneybox? Thinking of opening their cash ISA and transfer from another provider but not sure abt customer service in case it's needed. Any feedback welcome.
Thanks.
1. Notice ISA account-these tend to have higher rate but the rate is variable so you are at mercy of the provider. I hope not hit they can drop the rate down and then you are stuck for 60/90days. Anybody use these accounts and am I worrying too much abt sudden interest rate drop?
2. Does anyone use Plum or moneybox? Thinking of opening their cash ISA and transfer from another provider but not sure abt customer service in case it's needed. Any feedback welcome.
Thanks.
halo34 said:
MrBig said:
Anyone gone with Chip? 5.1% AER variable seems like one of the best deals around for an ISA.
Yeah dead easy to set up and transfer money in/out - app easy to use and you can see interest accrue daily.22 said:
Chainedtomato said:
I’m looking at Chip for the cash ISA and savings account. Is there anyway to deposit more than 5k at a time?
It was a bit weird the app suggesting the deposit method was "good for transfers up to £5k" but yes you can (ISA at least). xyz123 said:
Couple if questions.
1. Notice ISA account-these tend to have higher rate but the rate is variable so you are at mercy of the provider. I hope not hit they can drop the rate down and then you are stuck for 60/90days. Anybody use these accounts and am I worrying too much abt sudden interest rate drop?
2. Does anyone use Plum or moneybox? Thinking of opening their cash ISA and transfer from another provider but not sure abt customer service in case it's needed. Any feedback welcome.
Thanks.
Rate reductions have to be pre-notified and I believe you can exit without notice in the event of a rate change. I suspect most pre-notification is voluntarily done by the orgs to match the notice period on the account…so I think legally they have to at least give 14 days notice, but most will extend that to 60 days for a 60 day notice account and 90 days to a 90 day notice account…I may be wrong though1. Notice ISA account-these tend to have higher rate but the rate is variable so you are at mercy of the provider. I hope not hit they can drop the rate down and then you are stuck for 60/90days. Anybody use these accounts and am I worrying too much abt sudden interest rate drop?
2. Does anyone use Plum or moneybox? Thinking of opening their cash ISA and transfer from another provider but not sure abt customer service in case it's needed. Any feedback welcome.
Thanks.
NRG1976 said:
22 said:
Chainedtomato said:
I’m looking at Chip for the cash ISA and savings account. Is there anyway to deposit more than 5k at a time?
It was a bit weird the app suggesting the deposit method was "good for transfers up to £5k" but yes you can (ISA at least). Thanks
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