Best savings account?

mattyfez said:
Lol.. please remind me... how much tax did google pay to the uk gov last tax year?
How much did amazon pay?
How much did Meta pay?
How much did 'X/twitter' pay?
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Tbf, you're right. I answered a different question to what you were intimating.

I was talking about the amount of tax that should be collected but is evaded, and the majority of that's down to individuals.

You were commenting on the perceived unfairness of big business (and the wealthy) to legally avoid the levels of taxation that the everyday person can't. For example, Sunaks overall tax burden on multi-millions of income being lower than someone on say 80k.

A more complex discussion to be had, and not one for the savings thread! Sorry for dragging OT and let's get back on track.
 
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~Mike~ said:
I only got £113.84 :p now in Chip 5%
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Mine went in chase at a lowly 4.75%...

Quick maths time:
116.65-113.84=£2.81

2.81÷(2713.84×(0.05-0.0475))×365=151.17 days for you to make up the difference.

Technically it'd be a bit longer as I earn slightly more interest due to starting £2.81 more but solving that requires calculus and I'm not doing that on my phone in a wetherspoons
 
Why do i keep getting weird news articles about "better think about securing your savings before the budget"

anything i should be worried about ? apart from maybe a small drop? nothing has been advertised! still on 4.80% zopa
 
DJMK4 said:
Why do i keep getting weird news articles about "better think about securing your savings before the budget"

anything i should be worried about ? apart from maybe a small drop? nothing has been advertised! still on 4.80% zopa
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My understanding is savings rate is more tied to BoE interest rates rather than what the Chancellor does?

Of course the BoE will adjust rates on the performance on the economy which the Chancellor has a big effect in, but I don't think the budget has an immediate impact like a BoE interest rate change.
 
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Raymond Lin said:
My understanding is savings rate is more tied to BoE interest rates rather than what the Chancellor does?

Of course the BoE will adjust rates on the performance on the economy which the Chancellor has a big effect in, but I don't think the budget has an immediate impact like a BoE interest rate change.
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Its had a pretty big impact on rate expectations. Fewer cuts expected now.
 
Saw an interesting one.
Natwest regular saver is 6pc.
And you can only save 150 a month.

But.

Its the only one I've seen that isn't reset each year.

You can save 5k in it.
Wondered if it was worth getting. 3 years to max out and then it's quite decent. Obviously that rate will drop. But regular savers tend to be best rates of all.
 
I'd go to 212 but the transfers out are soooooo slow

Actual I just tried its instant now, they must have improved things.
Will wait a few days a see if 212 change there rates
 
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My 12 months @ 8% with Nationwide matured, so I've gone back to Chip last week, opened a 5% acct (now 4.75%) and we're still throwing £400/month at our new Nationwide savers at 6.5% for 12 months.
 
So looks like my zopa ISA is going to be 4.55% now :( they are lowering from 4.80%

Is it worth switching or fixing (I would assume I would have to lock in funds ) ?



Pain in the bum they keep lowering savings rates now

Is everyone doing this now or is there a bank that is still holding on to high rates
 
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