Best savings account?

[tom_e]

Really appreciate that and i did initially assume that was the case with most ISA's. But, what's confusing me is that the NS&I state on their "advisor" page (nothing on their usual consumer facing pages) -



Which to me, sounds like i wouldn't be able to transfer my current cash ISA from my bank to them

That seems pretty clear, you can't transfer in so you'll need to withdraw and deposit therefore using up some/all of your ISA allowance for this year.

 

[DJMK4]

Really appreciate that and i did initially assume that was the case with most ISA's. But, what's confusing me is that the NS&I state on their "advisor" page (nothing on their usual consumer facing pages) -



Which to me, sounds like i wouldn't be able to transfer my current cash ISA from my bank to them

Hmmm I'm not sure then .

So basically your saying if you want to use the NS&I direct isa you can't do a transfer in .you can only do a normal deposit ?

I'd ring and find out for sure..I'm pretty sure you can get hold of NS&I on the blower

 

[IC3]

if yours is 4.55% - how long have you been a customer?

could it be the newer you are the higher your rate is, the older you are as a customer the further the drops?

I joined during the 5.15% rate offer, I think I joined around Jan/Feb time.

 

[IC3]

I maxed out my Cash ISA, what savings account are worth looking at? MSE is recommending Sidekick? I need at least 3 withdrawals within 6-12 months.

I want to put in around 35k.

 

[Rozzy85]

Can you not use Trading 212 if you have dual tax residence in the UK/US? Won't let me past entering my UK address if I use my US TIN.

 

[413x]

Rates are coming down just got notification the 5000 6pc natwest one is going down to 5pc.

Definitely loses some of it's appeal.

All in all as my mortgage is bigger than savings, it's great. But still don't like seeing the savings rates drop

 

[MatsyLR]

Chase dropping it's sayings below 3%

 

[Raymond Lin]

Chase dropping it's sayings below 3%

Monzo is lowering its to 3.25%....so Monzo is better than Chase now.

 

[MatsyLR]

I do wonder what the long term plan is for Chase.
I still have my salary payed into and regular DDs as I just haven't bothered to change it but using 212 for purchases for the time being until the 1.5% offer expires

 

[Disco_P]

Rates are coming down just got notification the 5000 6pc natwest one is going down to 5pc.

Definitely loses some of it's appeal.

All in all as my mortgage is bigger than savings, it's great. But still don't like seeing the savings rates drop

Well that blows, I was up to 7K in those accounts

 

[Hunterlit]

Rates are coming down just got notification the 5000 6pc natwest one is going down to 5pc.

Definitely loses some of it's appeal.

All in all as my mortgage is bigger than savings, it's great. But still don't like seeing the savings rates drop

I received an email from Hargreaves Lansdowne stating the interest rates would be changing to between about 2-3%. Quite laughable considering you can probably beat that in a regular high street bank.

 

[jaybee]

I joined during the 5.15% rate offer, I think I joined around Jan/Feb time.

I think my trading 212 cash ISA is 5.X % guaranteed for the first 3 months. I joined March time. Not sure what it goes to after that.

 

[ChrisD.]

I do wonder what the long term plan is for Chase.

Have to agree. They started off really well, but over the past year or so it's gone downhill massively. The cash back change, saving rates, the fact you have to open up new savings accounts for the boosted rates, they did a thing a while back only for new customers etc. I rarely use Chase now, all my non-main bank account use for foreign currency etc is done with Revolut as I pay for Premium due to US shares via work.

 

[DJMK4]

I think my trading 212 cash ISA is 5.X % guaranteed for the first 3 months. I joined March time. Not sure what it goes to after that.

Sounds about the same as me. I'm in my second month of the 5.32 rate. Not sure what will happen after

They need to bring back bonus rates for 6 to 12 months again . Providers used to do this

 

[MatsyLR]

They need to start offering stuff for existing user's not just new. It's 4.35% for me.

 

[tangey]

I see IG.com is offering new accounts 8.5% on unallocated cash (up to £100K) for 3 months. After that it's back to the normal 4.25%. The t&c says you have to have a stock holding, but I did not see any mention of a minimum figure.

Commission-free share dealing with a GIA

Commission-free share dealing with a general investment account (GIA). Build your investment portfolio with over 12,000+ shares and ETFs to choose from..

www.ig.com

 

[tbyeah]

I'm on 4.5% with t212, how are there so many rates? I understand promo vs non promo but seems everyone has their own!

 

[DJMK4]

I'm on 4.5% with t212, how are there so many rates? I understand promo vs non promo but seems everyone has their own!

I'm hoping that when my bonus rates with trading 212 ends after 3 months it drops to that rate which is ok better than lower.


Banks should just offer a bonus rate for 6 or 12 months for new customers at 5.53 then after 6 months if they have to drop it. .drop It to 4.60 or 4.70 and leave it be..


When did this 3 month thing start getting popular?

 

[slinxy]

I see IG.com is offering new accounts 8.5% on unallocated cash (up to £100K) for 3 months. After that it's back to the normal 4.25%. The t&c says you have to have a stock holding, but I did not see any mention of a minimum figure.

Commission-free share dealing with a GIA

Commission-free share dealing with a general investment account (GIA). Build your investment portfolio with over 12,000+ shares and ETFs to choose from..

www.ig.com

Affective rate of 5.3% APR

You can get regular savers rates that are higher but limited to the amount you can put in.

 

[tom_e]

When did this 3 month thing start getting popular?

Probably due to the fact things change pretty quickly these days compared to days of old when it comes to base rates and financial state of the world.