Decent, straightforward place for savings?

[paddyhasneeds]

Can anyone recommend a decent bank that has a no nonsense approach to savings accounts?

I'm with Lloyds for my current account but have a fair whack in a savings account, and I'm fked off with always seeing a new/improved/different savings account with the latest special bonus one-off introductory rate that's valid until the next one comes along.

Just looking for somewhere solid and reliable.

[Sixpackpert]

First Direct?

Changed from Lloyds to them for my current account this year and can't fault them.

Haven't looked at savings yet though.

[Shaolin]

I go for something like a 2 year bond for longer term savings, you get a decent deal and don't have to do anything very often, they contact you in advance too when the deal is ending. I don't think there is any bank that does this sensibly (for the saver) and any of them all lose you money at the moment with inflation taken into account.

[nomisesor]

Sixpackpert said:

First Direct?

Changed from Lloyds to them for my current account this year and can't fault them.

Haven't looked at savings yet though.

Unsurprisingly their savings products are like all the others. Good rates for a year (e.g. 8% gross on regular saver - limited to £300/month, various restrictions), then you are dropped to the standard low rate - currently 0.05% on many accounts. Still, they have longstanding offset mortgage customers at base rate + 1% so they can't be expected to pay much interest.

[onomatopoeia]

paddyhasneeds said:

I'm with Lloyds for my current account but have a fair whack in a savings account, and I'm fked off with always seeing a new/improved/different savings account with the latest special bonus one-off introductory rate that's valid until the next one comes along.

Having done a similar search recently and around this time last year, as far as I can tell they are all like that, you have to move your money every year / 18 months to avoid dropping down to 0.1% interest.

[chris7676]

Funy you say that I found Lloys pretty good, they eSaver can be closed and reopened to get the bonus very easily, and now found out that you can have 3 vantage current accounts getting 3% for between 3-5k each.

[pharmvrs]

chris7676 said:

Funy you say that I found Lloys pretty good, they eSaver can be closed and reopened to get the bonus very easily, and now found out that you can have 3 vantage current accounts getting 3% for between 3-5k each.

I have the above current accounts, they dropped the limit from 7k to 5k and introduced their 3-5k banded tiers 12/18 months ago but still quite good if prepared to shift money around.