Best savings account?

Avathar77 · 12 Aug 2025 at 13:03

tom_e said:
Yes, you also won't be able to have a Chip ISA (possibly any account but I think it's just ISA) again in the future.

ooo ok! Chip is salty like that eh

I do have other savings accounts with chip

Broken Hope · 12 Aug 2025 at 21:32

Maccy said:
I'm in a very similar setup, except I have 60% All World and 40% S&P500

Why have both? The S&P500 is essentially included as part of the All World, you're just double dipping the top 10 stocks.

Not to mention that this year the All World has actually outperformed the S&P 500.

You'd be better of just having everything in the single all world ETF.

I'm personally in the SPDR MSCI All Country World which covers both developed and emerging markets and has a ter of only 0.12% compared to Vanguards 0.22% and the All Country has actually outperformed the Vanguard fund so far this year too.

Maccy · 13 Aug 2025 at 09:54

Broken Hope said:
Why have both? The S&P500 is essentially included as part of the All World, you're just double dipping the top 10 stocks.

Not to mention that this year the All World has actually outperformed the S&P 500.

You'd be better of just having everything in the single all world ETF.

I'm personally in the SPDR MSCI All Country World which covers both developed and emerging markets and has a ter of only 0.12% compared to Vanguards 0.22% and the All Country has actually outperformed the Vanguard fund so far this year too.

Personal choice

200sols · 13 Aug 2025 at 10:00

Broken Hope said:
Not to mention that this year the All World has actually outperformed the S&P 500.

Since when have a single intra years returns been a meaningful comparison of anything?

Broken Hope said:
Why have both? The S&P500 is essentially included as part of the All World, you're just double dipping the top 10 stocks.

Double dipping, or rather more weighting to the US tech giants has paid off over recent years. Of course people continue to jump into that trade, whether it continues who knows.

mattyfez · 13 Aug 2025 at 10:38

200sols said:
Since when have a single intra years returns been a meaningful comparison of anything?

Double dipping, or rather more weighting to the US tech giants has paid off over recent years. Of course people continue to jump into that trade, whether it continues who knows.

What website /tool is that please? Is it free? Looks useful!

beachBOYken · 13 Aug 2025 at 10:43

Starling not dropping their rates this time.

Sticking @3.75%

200sols · 13 Aug 2025 at 11:23

mattyfez said:
What website /tool is that please? Is it free? Looks useful!

Trustnet.

mattyfez · 13 Aug 2025 at 12:29

beachBOYken said:
Starling not dropping their rates this time. Sticking @3.75%

That's not the flex you think it is... 3.75 was hardly competitive before!

beachBOYken · 13 Aug 2025 at 12:40

mattyfez said:
That's not the flex you think it is... 3.75 was hardly competitive before!

I know but it’s far from the worst. Flex??

I was only referring to easy access savings as well, a lot of the better rates are all boosted it seems for new customers, like Chase, Chip, can’t be bothered moving money again only for the rate to plummet after a while.

Countcussy · 13 Aug 2025 at 12:49

Marcus with an cash ISA rate drop. Just requested a full transfer to my Vanguard Stocks and Shares ISA.
It was an "OK" rate to begin with, but it was handy emergency cash, just in case.

Broken Hope · 13 Aug 2025 at 15:01

beachBOYken said:
Starling not dropping their rates this time. Sticking @3.75%

Their cash ISA is 3.85% which is the same as Trading212, so I've moved my cash back over to Starling as it's just my emergency fund so I'd rather that be with my bank and instantly accessible rather than potentially taking 3 days to transfer, though to be fair I've only ever had to wait maybe 1 day maximum before when transferring cash out from Trading 212.

DJMK4 · 13 Aug 2025 at 18:52

beachBOYken said:
Starling not dropping their rates this time. Sticking @3.75%

Broken Hope said:
Their cash ISA is 3.85% which is the same as Trading212, so I've moved my cash back over to Starling as it's just my emergency fund so I'd rather that be with my bank and instantly accessible rather than potentially taking 3 days to transfer, though to be fair I've only ever had to wait maybe 1 day maximum before when transferring cash out from Trading 212.

Trading 212 withdrawals are pretty much instant for the cash ISA . although Iv only done about 3 small withdrawals ( not recent ones) with them.

have been with them for a few months now.

I dont withdraw for my ISA at the moment as I have the chase savings account

mattyfez · 13 Aug 2025 at 19:01

Broken Hope said:
Their cash ISA is 3.85% which is the same as Trading212, so I've moved my cash back over to Starling as it's just my emergency fund so I'd rather that be with my bank and instantly accessible rather than potentially taking 3 days to transfer, though to be fair I've only ever had to wait maybe 1 day maximum before when transferring cash out from Trading 212.

Modern wisdom suggests that you should be able to plan ahead enough to cope with a 3 day wait for a transfer, more, even.

In the event it's not, that's what emergency funds in instant access savings are for, or credit cards/overdrafts.

DJMK4 · 15 Aug 2025 at 18:18

So today my chase savings went from 5.0% to 4.75%

Guess delayed from the last drop. The boosted rate lasts until next year

LeeUK · 16 Aug 2025 at 06:27

Most of my cash savings are with Coventry BS at 4.50%

Also have savings with Marcus and Tandem but their rates are dwindling rapidly.

IC3 · 16 Aug 2025 at 11:29

DJMK4 said:
So today my chase savings went from 5.0% to 4.75%

Guess delayed from the last drop. The boosted rate lasts until next year

Same here

Troop · 16 Aug 2025 at 21:50

Two of my 2year fixed saving accounts come to an end on the 20th and 25th of this month, bye bye 6% interest rate

Best I see now for 2 year fixed rate is 4.5% or under.(paying out monthly interest)

DJMK4 · 17 Aug 2025 at 19:49

Troop said:
Two of my 2year fixed saving accounts come to an end on the 20th and 25th of this month, bye bye 6% interest rate

Best I see now for 2 year fixed rate is 4.5% or under.(paying out monthly interest)

Which are the 4.5% paying out monthly interest ? Do they do a yearly one?

mattyfez · 17 Aug 2025 at 20:17

DJMK4 said:
Which are the 4.5% paying out monthly interest ? Do they do a yearly one?

All the decent ones I can find are less than that.. Or have caviats where the interest is capped or you can't pay in larger sums of money.
The rate is usually very low too, when you remove the temporary bonuses.

I think it should be illegal as it's too confusing for the average Joe. They think they've got a great deal without realising they'll drop down to 2% or something daft after the honeymoon period.

They should just be forced to pay 'flat rate' variable interest.. BOE base rate plus whatever they need to make profit.

DJMK4 · 17 Aug 2025 at 20:20

mattyfez said:
All the decent ones I can find are less than that.. Or have caviats where the interest is capped or you can't pay in larger sums of money.
The rate is usually very low too, when you remove the temporary bonuses.

I think it should be illegal as it's too confusing for the average Joe. They think they've got a great deal without realising they'll drop down to 2% or something daft after the honeymoon period.

They should just be forced to pay 'flat rate' variable interest.. BOE base rate plus whatever they need to make profit.

I usually use the moneysaving expert website as it has a table comparison.

Not sure if I should lock away for a year before further reductions