Best savings account?

DJMK4 said:
Yeh i guess

Whats the consistency though ? lots of people on here invest in Stocks and shares ISA? whats the ratio of number of months losing money vs number of months gaining money ? surely if lots of people were losing money most months they wouldnt invest
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Never time the market. You've invested in world indexes, that's good and a safer long-term bet. You managed to get in just as the markets upticked / corrected (till Trump blows his load again). Trickle money in monthly and forget about it for a few years.

e: Just realised this is the savings thread. Leave it alone till next year ISA allowance and never be spooked if the markets take a tumble; these are 5+ years investments.
 
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DJMK4 said:
Yeh i guess

Whats the consistency though ? lots of people on here invest in Stocks and shares ISA? whats the ratio of number of months losing money vs number of months gaining money ? surely if lots of people were losing money most months they wouldnt invest
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This is old news and you've asked the question many times already. Over the long term S&S will outperform cash, its just an established reality. People posting their monthly gains is irrelevant and not helpful.

Anyway I was just looking at ISA stats for another thread and this is relevant here.

The average annual return on a stocks and shares ISA over the past 5 years has been 6.37%, compared to 2.08% for cash ISAs.
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The average annual return on a stocks and shares ISA over the past 10 years has been 9.64%, compared to 1.2% for cash ISAs.
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DJMK4 said:
Yeh i guess

Whats the consistency though ? lots of people on here invest in Stocks and shares ISA? whats the ratio of number of months losing money vs number of months gaining money ? surely if lots of people were losing money most months they wouldnt invest
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I invest in the same funds listed there.

Since January 2025, I am still down £10k in the value of my fund. May and June did see an uptick but that's only because when it took a real dipping I was down £15k since Jan 2025.

The fund details are here - https://www.vanguardinvestor.co.uk/...se-global-all-cap-index-fund-gbp-acc/overview

But over the past 12 months it's averaged ~ 6% increase.

This dip was painful:

1751539997238.png
 
DJMK4 said:
Wait so you have made £426.18 last month ?

what are you investing in and how much ? how do i make that in a month ?

EDIT: just seen this is an ISA stocks and share, im out of my limit this year.


If i can make £426 worth of profit in a month from one type of product, i may concider this next year, which ISA stocks and share product did you go for?
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I started with 20k in april, and paid into 2 ETF's

VWRP global index traded in £, 'acc'
VEUA devoloped Euprope (top ~530 European stocks, traded in £, 'acc') so this one's a little bit like the S&P500* but the top euro companies rather than USA companies.

I put £14k into 'all world', and 6k into Europe. so a 60/40 split.

*VEUA has large cap and medium cap companies though, whereas I think the S&P500 is all large cap.


Both vanguard funds, but its cheaper to buy into them within T212 S&S ISA than it is direct on Vanguards own platform.

There's a bit of a rally on at the moment, I'm a happy boy today! but these are strange times at the moment, russia, trump, israel etc... so I think I shouldn't get used to it, if I'm 5%+ up after 12 months then I'll be content, but at this rate I'll bust that out of the water completley.

 
Just don't panic sell when your £20k goes negative. And it probably will at some point.

These apps are honestly a bad thing, everyone keeps checking their balance.
 
200sols said:
Just don't panic sell when your £20k goes negative. And it probably will at some point.

These apps are honestly a bad thing, everyone keeps checking their balance.
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It's going to be a long term hold... I've got too much money in cash ISAs...if anything I'll be adding to those ETFs again next april, and I may not have much choice anyway if the government nerfs cash ISAs in the autumn budget as per the rumours!

Basically If I can get a 5%+ annual return, I'm holding, I don't think that's too unrealistic.

EDIT... get ready for a slump on thursday/friday... thats kind of the normal thing now :(

Recap: What you need to know...​

  • President Donald Trump’s “Big, Beautiful Bill” is back in the House of Representatives for further consideration after narrowly passing the Senate on Tuesday.
  • House Minority Leader Hakeem Jeffries is making himself a final barrier to a last round of votes by speaking as long as he can on the House floor in a potentially record-breaking “magic minute” speech.
  • The Senate vote required a tie-breaking intervention from Vice President JD Vance after three Republican senators opposed the legislation, resulting in a 50-50 split.
  • Trump’s extensive tax and spending bill is designed to boost defense and border security funding at the expense of public safety net — and is forecast to add $3.3 trillion to the national debt while kicking off millions of people off Medicaid and food stamps.
  • The president is expected to sign the bill into law on Friday to mark Independence Day.
  • After a long night of haggling with the holdouts, the bill passed a key procedural House vote, paving the way for a floor vote on Thursday.
 
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200sols said:
These apps are honestly a bad thing, everyone keeps checking their balance.
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Strongly agree, I use the T212 card for their 1.5% cashback so check it regularly but I wish the GIA investments were a bit more hidden. ISA ones are which is good.
 
danlightbulb said:
T212 email - cash ISA will now automatically track the base rate at -0.15%.
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I have just had this, what does this mean? so e.g. if the BoE base rate is 4.30 (not that it is) then trading212 will set their interest rate at 4.15 % ?


So, looking at google, the current BoE base rate at this moment is

4.25


therefore, Trading212 will be at 4.10 % for the moment ? which it currently is?


When is the next time BoE are dropping the rates?


Everything is going to go downhill, and savers will soon have no incentive to save as hard as they have in this country
 
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DJMK4 said:
I have just had this, what does this mean? so e.g. if the BoE base rate is 4.30 (not that it is) then trading212 will set their interest rate at 4.15 % ?


So, looking at google, the current BoE base rate at this moment is

4.25


therefore, Trading212 will be at 4.10 % for the moment ? which it currently is?


When is the next time BoE are dropping the rates?
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Yes and the next time it could possibly drop is 7th August. (Unless something goes majorly wrong and they have an emergency meeting)
 
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DJMK4 said:
Everything is going to go downhill, and savers will soon have no incentive to save as hard as they have in this country
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Trend is down which is good because of people with mortgages and to encourage growth in the economy. Obviously many will not agree, but even if I had lots of savings I would still say that its more important to not make many people with mortgages suffer just so I can earn a few more quid in interest.

I'd say a fair base rate is 3%.
 
danlightbulb said:
Trend is down which is good because of people with mortgages and to encourage growth in the economy. Obviously many will not agree, but even if I had lots of savings I would still say that its more important to not make many people with mortgages suffer just so I can earn a few more quid in interest.

I'd say a fair base rate is 3%.
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This doesn’t make sense

I have a mortgage, and still for the next 2.5 to 3 years or so years i am going to suffer

them lowering the base rate isnt going to make difference for the majority of people with mortgages who will probably have fixed on a climbing rate


Savers should still be rewarded for those who still are stuck on higher mortgate rates for a bit


Im not hoarding cash, the interest is remaining in the account, and that will be used to compensate for the additional interest i am having to pay on the mortgage. The aim now that i have good funds in my savings, is to keep saving batches and then pay off lump sums of the mortgage when i can
 
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DJMK4 said:
This doesn’t make sense

I have a mortgage, and still for the next 2.5 to 3 years or so years i am going to suffer

them lowering the base rate isnt going to make difference for the majority of people with mortgages who will probably have fixed on a climbing rate


Savers should still be rewarded for those who still are stuck on higher mortgate rates for a bit


Im not hoarding cash, the interest is remaining in the account, and that will be used to compensate for the additional interest i am having to pay on the mortgage. The aim now that i have good funds in my savings, is to keep saving batches and then pay off lump sums of the mortgage when i can
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a lot of people don't have the luxury of saving extra whilst they enjoy a lower fixed rate on their mortgage.

If interest rates fall by 1%, someone with £100k in the bank is still wealthy. If interest rates rise by 1%, that could mean repossession for some families. The impact is not equivalent.
 
I saw the T212 note, it says Cash ISA only so wonder what they're doing with Cash inside the S&S ISA.

Nationwide reg saver is still my first go to with £200 pcm.

They're also doing an 18 month member only bond thing for 5% fixed, max of £10K, which I may take them up on. Interest would fall outside of ISA so would be taxable but it's £500 in a year, or a bit more over 18 months depending how they work it out and how they pay it. If it's lump sum then it would be about £750 paid after 18 months have ticked by maybe a bit more.

Not so good for higher earners but I'm not among them think my allowance is higher.
 
DJMK4 said:
This doesn’t make sense
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It makes perfect sense. Just because it hasn't affect you so far, millions of others have had to re fix already at higher rates and more old fixes are expiring all the time.

DJMK4 said:
Savers should still be rewarded for those who still are stuck on higher mortgate rates for a bit
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You are 'rewarded', just not with 5%. There is no requirement for you to receive 5%. In fact over the last 15 years 5% was a dream, heck 3% was a dream. Typically if you want more reward you have to take more risk.
 
Can't wait for the BoE to announce rates will be held until DJMK's mortgage is up for renewal :rolleyes:

I'll admit to saving more and spending less than usual as the rates are high. I'd also like to buy a house one day so a lower mortgage rate would be welcome.
 
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