Best savings account?

slinxy said:
Affective rate of 5.3% APR

You can get regular savers rates that are higher but limited to the amount you can put in.
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There is no minimum period.

Assuming no boe rate cut...

£10K gets you £203 of interest in 3 months
£100K gets you £2031 interest in 3 months.

No regular saver rate will get close to that return in 3 months.

Withdraw after 3 months, close account and move on.
 
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413x said:
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
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In my email from NW it's dropping from 6.17% AER to 5.5% AER, still a good rate on £5k.
 
m@rty said:
Just got an email fron Trading 212, their Cash ISA is going down from 4.35% to 4.10% on 26th May
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Iv not received any email.. I'm still on the bonus rate


There should be a rule really to stop them cuttings rates to savings multiple times in a month or two .
 
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Just got the 212 email aswell 4.1% just getting silly.
Luckily a good portion of my savings are being spent in 17 day's time.
 
Iv just got the email from trading 212.

We're adjusting our base interest rate for GBP (Pound Sterling), effective as of 26 May 2025.
Your rates will be as follows:
  • Trading 212 Cash ISA: From 4.35% to 4.10%
  • Trading 212 Stocks ISA, Invest and CFD: From 4.6% to 4.35%
Your Cash ISA promotional rate remains unaffected and will continue to be applied on top of the base interest rate




After this month I have one month left on the bonus rate.


Bring back longer bonus rates ! Stop cutting interest all the time .
 
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Ut-Oh..

My T212 cash ISA has just been reduced from 4.35% to 4.1%

As I have an S&S ISA with them that's doing a lot better... can I simply transfer all the cash in my cash ISA to my S&S ISA?

Ive got 40k in my cash ISA but only 20k in my S&S ISA.
 
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DJMK4 said:
Bring back longer bonus rates ! Stop cutting interest all the time .
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Bonus rates are BS..they should just offer a slightly higher standard rate for everyone..it's a bit like Tesco club cards... if you don't have a card they will just rob you blind.

EDIT: they can't control the base rate though, so if the bank of england reduces the base rate, all savins accounts on variable rate will track it accordingly.
 
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mattyfez said:
As I have an S&S ISA with them that's doing a lot better... can I simply transfer all the cash in my cash ISA to my S&S ISA?

Ive got 40k in my cash ISA but only 20k in my S&S ISA.
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Yes I believe so, there's a transfer between your accounts option in the app.
 
Is it time to an ISA fix ? Downside is I won't have monthly interest..I also don't feel comfortable locking away the whole.60k atm..I need another month or two do that

Or if i transfer to.a stock and shares ISA how much risk is there and when will I see returns ?

My mortgage is 3.95% so any further drops to ISA rates it means my mortgage rate will be higher than savings rates
 
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MatsyLR said:
May be time to start mortgage overpayments if you're not doing it already
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I'll hang on for.abit... generally when people are over paying mortgage are they doing a split into some savings some mortgage overpayment (agressive?)

With my savings Iv been quite agressive and have built it up quite well.. I can try and do the same for mortgage overpayment but I'd still want to save at the same time

If I want to overpay mortgage I'd want to make a dent in it.
Will wait to see what happens with the remaining drops.. I can only pay another £900 this tax year I to an ISA anyway.

I will start putting some in to high interest normal savings but not to tip over £500 PSA. Then I'll start paying big chunks off mortgage
 
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