Ulster Bank 5.2% Unlimited no restriction savings account...
Discussion
Nope, I opened one a couple of months ago and so did the Mrs, both new customers. They act as our easy access, no fee, emergency fund that still earns 5.2%
We have about £9.4k in each in order to max out our higher rate savings allowance of £1000 (£500 each as we are both higher rate tax payers).
We have about £9.4k in each in order to max out our higher rate savings allowance of £1000 (£500 each as we are both higher rate tax payers).
seismic22 said:
Nope, I opened one a couple of months ago and so did the Mrs, both new customers. They act as our easy access, no fee, emergency fund that still earns 5.2%
We have about £9.4k in each in order to max out our higher rate savings allowance of £1000 (£500 each as we are both higher rate tax payers).
They've changed the rules, existing account holders only nowWe have about £9.4k in each in order to max out our higher rate savings allowance of £1000 (£500 each as we are both higher rate tax payers).
Long-running interest rate thread here: https://www.pistonheads.com/gassing/topic.asp?h=0&...
Anything over 5% is decent at the moment.
Anything over 5% is decent at the moment.
This is covered elsewhere probably but can I ask why those on a higher rate would choose this and not stick to premium bonds?
I have a bit in premium bonds that has done really well last year. I know it's a lottery but it just seems easier than worrying about tax on interest from savings.
I did think about moving some money to an account like some of those described including 6/9/12 month fixed but not sure it's the best move.
I have a bit in premium bonds that has done really well last year. I know it's a lottery but it just seems easier than worrying about tax on interest from savings.
I did think about moving some money to an account like some of those described including 6/9/12 month fixed but not sure it's the best move.
redrabbit29 said:
This is covered elsewhere probably but can I ask why those on a higher rate would choose this and not stick to premium bonds?
I have a bit in premium bonds that has done really well last year. I know it's a lottery but it just seems easier than worrying about tax on interest from savings.
I did think about moving some money to an account like some of those described including 6/9/12 month fixed but not sure it's the best move.
Presumably some may have already maxed out on PB’s ?I have a bit in premium bonds that has done really well last year. I know it's a lottery but it just seems easier than worrying about tax on interest from savings.
I did think about moving some money to an account like some of those described including 6/9/12 month fixed but not sure it's the best move.
Had about 30k in premium bonds years ago but cashed them in. According to a lot of the reviews on recent experiences people have had a nightmare trying to cash them in, is it true?
Just checked the Natwest account in case I as making it all up 5.38% gross 5.51% AER started it in July last year, lovely.
Just checked the Natwest account in case I as making it all up 5.38% gross 5.51% AER started it in July last year, lovely.
Edited by Gordon Hill on Tuesday 30th January 18:09
Gordon Hill said:
Had about 30k in premium bonds years ago but cashed them in. According to a lot of the reviews on recent experiences people have had a nightmare trying to cash them in, is it true?
Just checked the Natwest account in case I as making it all up 5.38% gross 5.51% AER started it in July last year, lovely.
I don't believe that's true. Certainly not from my perspectiveJust checked the Natwest account in case I as making it all up 5.38% gross 5.51% AER started it in July last year, lovely.
Edited by Gordon Hill on Tuesday 30th January 18:09
I've had mine a year and done really well. I've withdrawn about 4 times:
1) about £6k to clear credit cards that were just annoying me and wanted them gone
2) about £2k as I had unexpected work expenses and we have to claim it back using receipts after
The only annoying thing is waiting about 3-5 days for the bank transfer.
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