Savings interest rate thread
Discussion
CoolHands said:
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 s
t % 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
If you want long term stability and don't need instant access I would have thought a fixed rate bond would be better suited and they pay more too.
CoolHands said:
Just noticed that all these bloody savings accounts are only eligible if you have / open a current account also? WTF
Do any allow you to just open a savings account, I don’t want another current account.
Most of the non high street banks will allow. The likes of Cynergy, Shawbrook etc as mentioned above are standalone. Do any allow you to just open a savings account, I don’t want another current account.
I prefer to keep things a bit simpler. I’ve already got things like a barclaycard left over from an old zero % loan that I transferred then paid off, and seems to have no way of ‘closing’ it. I don’t want multiple accounts I think it has higher risk of confusion and likelihood of debt / getting screwed up etc.
Apology for multiple questions: I must be really thick as I’m looking at the Leeds building society child savings account. It is only opened in branch or by post. Everything seems good and initial deposit can be by check. But I can’t for the life of me find out how do you pay in regular amounts / sporadic amounts once it is open
it doesn’t say anywhere. I assume this is the same for all postal accounts, so does anyone know how they work?
(My amount is <£5k)
Apology for multiple questions: I must be really thick as I’m looking at the Leeds building society child savings account. It is only opened in branch or by post. Everything seems good and initial deposit can be by check. But I can’t for the life of me find out how do you pay in regular amounts / sporadic amounts once it is open
it doesn’t say anywhere. I assume this is the same for all postal accounts, so does anyone know how they work?(My amount is <£5k)
Edited by CoolHands on Saturday 11th March 17:11
Edited by CoolHands on Saturday 11th March 17:41
if you want to keep up with the best rate you will have to keep opening new accounts or be left behind on the rate , ive probably had 4-5 accounts in the last 12 months
if you only have a few thousand then its not worth chasing a fiver a year more interest , bigger amounts it soon mounts up
if you only have a few thousand then its not worth chasing a fiver a year more interest , bigger amounts it soon mounts up
CoolHands said:
I prefer to keep things a bit simpler. I’ve already got things like a barclaycard left over from an old zero % loan that I transferred then paid off, and seems to have no way of ‘closing’ it. I don’t want multiple accounts I think it has higher risk of confusion and likelihood of debt / getting screwed up etc.
Apology for multiple questions: I must be really thick as I’m looking at the Leeds building society child savings account. It is only opened in branch or by post. Everything seems good and initial deposit can be by check. But I can’t for the life of me find out how do you pay in regular amounts / sporadic amounts once it is open it doesn’t say anywhere. I assume this is the same for all postal accounts, so does anyone know how they work?
(My amount is <£5k)
Surely just a standing order set up from whatever your source account is, presumably a current account somewhere else. Apology for multiple questions: I must be really thick as I’m looking at the Leeds building society child savings account. It is only opened in branch or by post. Everything seems good and initial deposit can be by check. But I can’t for the life of me find out how do you pay in regular amounts / sporadic amounts once it is open
it doesn’t say anywhere. I assume this is the same for all postal accounts, so does anyone know how they work?(My amount is <£5k)
Edited by CoolHands on Saturday 11th March 17:11
Edited by CoolHands on Saturday 11th March 17:41
yeah you should be able to transfer each month or whenever you like , if none of the accounts suit you today give it a week and there will be some fresh ones
the family has had..
marcus bank
santander
sainsburys
paragon
ybs
barclays rainy day
over the last 12 months...all set up from the sofa and load you money in as you wish , whatever is highest payer today wont be by next week , keep an eye on the money saving website for the latest deal
https://www.moneysavingexpert.com/savings/savings-...
even at 5% on 5k its only £20 a month
the family has had..
marcus bank
santander
sainsburys
paragon
ybs
barclays rainy day
over the last 12 months...all set up from the sofa and load you money in as you wish , whatever is highest payer today wont be by next week , keep an eye on the money saving website for the latest deal
https://www.moneysavingexpert.com/savings/savings-...
even at 5% on 5k its only £20 a month
Edited by steveo3002 on Sunday 12th March 08:23
Edited by steveo3002 on Sunday 12th March 08:29
Stig said:
I have a Santander account at 2.72%. Whilst interest on the balance has been increasing month on month (as I would expect it to as it's cumulative), for some reason it dropped back (by some margin) for March?
Is the interest rate therefore variable? Still shows as 2.72% in the app?
28 days in Feb so less days of interest. Is the interest rate therefore variable? Still shows as 2.72% in the app?
22 said:
Stig said:
I have a Santander account at 2.72%. Whilst interest on the balance has been increasing month on month (as I would expect it to as it's cumulative), for some reason it dropped back (by some margin) for March?
Is the interest rate therefore variable? Still shows as 2.72% in the app?
28 days in Feb so less days of interest. Is the interest rate therefore variable? Still shows as 2.72% in the app?
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