Yeah club lloyds account
Best savings account?
- Thread starter Merlin5
- Start date
Man of Honour
S'ok dude, I think the lack of notification is probably caused by the combination of the fact that I neglected to quote your post, and only edited in the @ after submitting. Merely one of my many unforgivable character flaws.Hey @Zefan apologies for only replying just now. I never saw, nor was notified, that you'd tagged me in a reply. Appreciate you posting - quite informative. Thanks. (Edit 2: I'm too old for a LISA)
@413x likewise, thanks for posting. I didn't know about that. Just done a bit of Googling, and yes, according to the BoS, the £500 thing is also a thing up here. Cheers.
Edit: is there some website or spreadsheet available where you can input your particulars to determine what's best to do - ISA v Non-ISA?
:edit: test @FBi7
:edit 2: test 2 @FBi7
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Associate
Got it mate, thanks. Appreciated all the same.
Then it begs the question of why they need it...
No other bank or building society I've used has ever resulted in a warning from HSBC about the level of access I was about to grand to a third party.
As it was a savings account, they have no business knowing anything about my current account or any other of my accounts for that matter.
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Yeh - if you tag someone after posting, they don't get the noti. Maybe @kindai can fix it. Or not, who knows.
Soldato
Lol, just logged into my RBS savings account and its 2.75% That will teach me to check more often.
Should be informing customers of any changes, just bad to not say anything
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Soldato
IF I wanted to visit a branch, I would have to go to Bristol or London. ITs all a bit meh these days. I always remember when I started using internet banking, I had to have a code posted to me and if you deleted your cookies, you would need a new code. Its been a journey with them thats for sure. Thinking of going elsewhere that gives better savings.
Their main business model is helping people to save by analyzing their spending habits and automatically moving what they can afford to the chip savings account.
Nope, its designed that was as if someone edits a post it would re-tag people already tagged.
Assuming I lose a monnths interest when switching, anyone think it's worth moving 100k from an easy access now paying a reduction 4.61% AER to one paying 4.81% AER?
Both variable interest accounts with monthly interest, so chances the new one may follow suit and reduce rates soon also? would make it a bit of a pointless excersise?
Both variable interest accounts with monthly interest, so chances the new one may follow suit and reduce rates soon also? would make it a bit of a pointless excersise?
Soldato
- Joined
- 23 May 2006
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I personally would not bother for such a small amount. however if it were me I would try to see if I could split that up as it is over the amount covered by FSCS in one bank
Interest is usually calculated daily so you shouldn't lose a month worth.
Ahh i guess so...hmm...
Timley:
I see inflation has bumped up a bit again https://www.independent.co.uk/news/uk/home-news/inflation-rate-uk-2024-calculator-b2649957.html
Who's betting that savings accounts that have had the rate lowered a bit in recent months don't get a bump back up?
Man of Honour
inflation is irrelevant it's based on the BoE base rate.
I don't fully understand the realationship, but the article does say:
More cuts are expected in the months ahead, to the relief of homeowners contending with large mortgage hikes. But significant unforeseen future increases in inflation could put some pressure on hopes that policymakers at the central bank will continue to cut interest rates.
Man of Honour
It will obviously have some effect on the decision to raise/lower the BoE base rate but it has no direct effect on savings rates.
If I understand correctly though, if the BOE base rate drops, due to a drop in inflation then variable interest rates in savings accounts that are linked to the BOE base rate.. They also drop (relatively) so whilst not a direct effect it is a driver (the main driver?)
Or maybe I'm just not understanding how it works very well.
Or maybe I'm just not understanding how it works very well.
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Am I reading this right (not really here for mortgage %) as I'm on a 3.95% at the moment for a few more years
ISA savings 4.80% and will drop like everyone else and continue to do so
Mortgage rates are going up in the news. . inflation in the news again
Why are they messing around with our savings rates ?
I dont understand, if they raise all this again will they raise the interest rates again on savings ?
ISA savings 4.80% and will drop like everyone else and continue to do so
Mortgage rates are going up in the news. . inflation in the news again
Why are they messing around with our savings rates ?
I dont understand, if they raise all this again will they raise the interest rates again on savings ?
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