Best savings account?

[413x]

This was the first year ever I've had to actually think about the interest limit between my regular savers and 3 year fix it's getting close to the 500.
Nearly caught me out due to salary bump and interest rate bump. I mean last 5 years I doubt many have had to think about it.

 

[Zatoichi.uK]

Guess I'm moving money back out of Santander again. Still at 2.72 so better with Chase.

 

[bigmike20vt]

crap just checked and you are right. interest on theb1,2,3 account is terrible.

may as well bin it put into chass or the other account mentioned and then move my direct debits to Barclays blue account to get the 5k at 5% interest.

 

[Jokester]

I still get a decent return on the cashback on the 123 - which has the benefit of not being taxable.

 

[Freakbro]

I still get a decent return on the cashback on the 123 - which has the benefit of not being taxable.

Yea that needs taking into account, less the account fee, for a small increase in rate.

may as well bin it put into chass or the other account mentioned and then move my direct debits to Barclays blue account to get the 5k at 5% interest.

If you need any more d/ds, the Ecology Building Society has a savings account that uses one. Another trick, you may already do, is to pay for something like netflix on a c/c that you don't use and set it up to collect the balance by d/d.

 

[EdGey]

I'm pleasently surprised at HSBC's 3% easy access account. For years they've been horrendously positioned with interest rates.

Have to already bank with them mind.

 

[413x]

I've started the switch from nationwide to FD. Already have the fd account. Just waited for my old regular saver to mature and rate dropped. So hopped onto FD.

175 pounds. Nice
7pc regular saver. Nice

 

[Freakbro]

I've started the switch from nationwide to FD. Already have the fd account. Just waited for my old regular saver to mature and rate dropped. So hopped onto FD.

175 pounds. Nice
7pc regular saver. Nice

The banks are wising up a bit and a lot don't give the switch bonus now if you've had one before, or had an account previously since X date.

I've had most of them previously, so it's slim pickings for me now

 

[ci_newman]

Sad times, Vanguard have announced they are changing their rules on interest rates for any balances held in cash. They will now be fixed at 1.95% and they will keep any interest gained above that value.

Might have to look at moving my S&S ISA to moneybox for their cash rate instead

 

[413x]

The banks are wising up a bit and a lot don't give the switch bonus now if you've had one before, or had an account previously since X date.

I've had most of them previously, so it's slim pickings for me now

This is one of my last.

Lloyd's, nationwide, Halifax, santander, even coop bank (painful).
I've had them all I think too.

Left FD till last as its got good reviews.


Must have 1k from Switches at least

 

[Disco_P]

This is one of my last.

Lloyd's, nationwide, Halifax, santander, even coop bank (painful).
I've had them all I think too.

Left FD till last as its got good reviews.


Must have 1k from Switches at least

I've done RBS in the past, done FD, Lloyds and Santander this rotation. Looked at the TSB one but I don't think I can be bothered setting up an account with 2 DDs before I start the switch.

 

[413x]

I've done RBS in the past, done FD, Lloyds and Santander this rotation. Looked at the TSB one but I don't think I can be bothered setting up an account with 2 DDs before I start the switch.

I like to do one a year ish.
Gets you the good savings rates and a bonus. But does seem more are not doing it if you've already had a bonus

 

[Disco_P]

I like to do one a year ish.
Gets you the good savings rates and a bonus. But does seem more are not doing it if you've already had a bonus

Had a spare hour so set up some charity DDs to a spare RBS account and applied for the TSB one. Brings the total switching bonus this year to £700-775 (depending on if I keep up with the TSB stuff)

 

[supafly]

Sad times, Vanguard have announced they are changing their rules on interest rates for any balances held in cash. They will now be fixed at 1.95% and they will keep any interest gained above that value.

Might have to look at moving my S&S ISA to moneybox for their cash rate instead

Hi can you provide a link to that info?

As this is the only info I can find on it that they keep 0.2%: https://www.vanguardinvestor.co.uk/...est-on-cash-held-in-my-isa-or-general-account

There is a reddit thread and it appears that Vanguard took down the page mentioning the discussed change, possibly because of complaints: https://www.reddit.com/r/UKPersonal...vanguard_changes_to_interest_on_cash_held_in/

 

[Dirk Diggler]

This was the first year ever I've had to actually think about the interest limit between my regular savers and 3 year fix it's getting close to the 500.
Nearly caught me out due to salary bump and interest rate bump. I mean last 5 years I doubt many have had to think about it.

Why wouldn't you use ISA instead?

 

[beachBOYken]

Anyone used Atom Bank?

Any good as they have some decent interest rates.

 

[Minstadave]

Anyone used Atom Bank?

Any good as they have some decent interest rates.

They seem popular on HUKD.

 

[Freakbro]

Anyone used Atom Bank?

Any good as they have some decent interest rates.

I've opened a savings account with them a few months ago. What can I say, my money is there and interest gets added to it each month, what more do I want

 

[Uther]

what more do I want

10%

 

[413x]

Why wouldn't you use ISA instead?

Lower interest rate