Savings interest rate thread
Discussion
bmwmike said:
Vanguard just announced they are lowering the amount of interest they pay on cash held in ISA/GIA/SIPP to "make sure the amount of interest you receive is fair and offers good value" - basically lowering it to 2.2% and creaming off anything higher for themselves, the greedy gits.
Oh well, their loss. We'll withdraw the cash in my wifes SIPP, stick it back in on 1/4 snaffle another £700 Government money then take it out again.Glad lots of folk seemed to get use out of this as the OP. My cash spent exactly 4 months in the E Saver getting a decent wedge of interest a long the way causing an issue with the personal savings allowance I don't think I've ever had, so had to stick some in and ISA and move some to the Mrs Chase account.
a311 said:
Glad lots of folk seemed to get use out of this as the OP. My cash spent exactly 4 months in the E Saver getting a decent wedge of interest a long the way causing an issue with the personal savings allowance I don't think I've ever had, so had to stick some in and ISA and move some to the Mrs Chase account.
I mitigated this issue by buying an expensive and unnecessary car AJAYE2015 said:
Whats the situation when pulling money out of these easy access account
are you heavily penalised or what or is interested earn on a daily basis
thanks
a few recent ones have limited withdrawals per year , i dont worry too much as i can jump ship to the next best payer if and when i need 3x withdrawalsare you heavily penalised or what or is interested earn on a daily basis
thanks
a311 said:
Glad lots of folk seemed to get use out of this as the OP. My cash spent exactly 4 months in the E Saver getting a decent wedge of interest a long the way causing an issue with the personal savings allowance I don't think I've ever had, so had to stick some in and ISA and move some to the Mrs Chase account.
My Mum and I were a Santander customers anyway and we would've missed out on the limited rate were it not for this thread. I was also at risk of troubling my personal allowance, so this thread also resulted in me hoofing some cash into premium bonds and using up my ISA allowance.
Just added up my taxable interest income for the year. £490 £10 below personal allowance!
...so thanks
Zopa said:
The new rate for your Access pots will be: 3.21% AER* variable (3.16% gross**). The old rate was: 3.07% AER* variable (3.02% gross**).
The new rate for your 7 Day Boosted pots will be: 3.25% AER* variable (3.20% gross**). The old rate was: 3.12% AER* variable (3.07% gross**).
The new rate for your 31 Day Boosted pots will be: 3.31% AER* variable (3.26% gross**). The old rate was: 3.27% AER* variable (3.22% gross**).
The rate for your 95 Day Boosted pots will remain the same and be: 3.47% AER* variable (3.41% gross**).
The new rate for your 7 Day Boosted pots will be: 3.25% AER* variable (3.20% gross**). The old rate was: 3.12% AER* variable (3.07% gross**).
The new rate for your 31 Day Boosted pots will be: 3.31% AER* variable (3.26% gross**). The old rate was: 3.27% AER* variable (3.22% gross**).
The rate for your 95 Day Boosted pots will remain the same and be: 3.47% AER* variable (3.41% gross**).
bmwmike said:
Tempting. Are they any good/safe ?
Under 85,000 is covered by the FCS.Very quick to set up the account, just use mobile phone. I’ve transferred money in and out and it’s pretty painless.
However do your own research as i’m not going to held accountable should it go tits up!!
bmwmike said:
Tempting. Are they any good/safe ?
I've just signed up for Chip, the process was very quick.I'm still getting my head round its approach though – because it's not simply another bank, the app seems to do security differently and I can see my balance without logging in each time, which kind of bothers me. Am I missing something?
Edit: Ok, so there is the option to add a passcode, just feels odd that's not the default.
Edited by MajorMantra on Thursday 9th March 08:35
mark seeker said:
Shawbrook Easy Access now up to 3.06%.
My only worry with something like this is what happens in 6 months / a year or whatever? Will they just reduce it to some st % and then you have to fk about looking for a new account again?Does anyone reliably do decent rates - as proven historically - for continuous periods of time? To save pissing about
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