Best savings account?

[slinxy]

I just looked at the ”world” fund in my pension account, it’s heavily biased towards the uk.

theres a separate developed world fund ex uk, uk fund and developing world fund.

the issue with the way that my pension plans are setup is that there’s certain funds in the default plan that isn’t available that are extremely good, like the money markets that isn’t available to be able to be chosen if was to remove/switch from it.

I may just add additional funds, say split the default one and one that I put together 50:50.. then put in dev’d world at 43%, dev’ing world at 5% and uk at 2%.. but it’s something that I would need to think about.

 

[slinxy]

Already got 20k in a ISA mate which is my years quota. Didn't know what to do with the rest ? So stuck it in Chip for now, if I go over my PSA I believe because I'm PAYE it will just adjust my tax code so no tax returns ( hopefully )

50K into premium bonds?

The best thing to do with it it is to live off it and pop what you would have spent from your salary into your pension, you should get tax and NI relief. But if you maxed out your pension allowance and ISA allowance, there's not many other routes.

 

[ddoubleep]

I looked more into my own work place pension. It is currently using the Balanced Portfolio and the more likelihood is I change it to the Aggressive Portfolio.

I don't think they allow you to take it out to another provider so stuck with limited asset allocations via adjectives like 'growth' or 'aggressive'.

It does not seem to have performed that will in the last 5 years. I guess the benefits of the work one is the employer contribution and NI.

 

[Freakbro]

Uh oh, Virgin Money cutting the interest rate on their M Plus saver from 3.55% to 2.50% - that's quite a drop.

Hopefully not a sign of things to come from others.

 

[nam]

That's all I've done now. Global all cap Vanguard fund contained within a S&S ISA. Set and forget

Directly through Vanguard ?

 

[Zatoichi.uK]

Directly through Vanguard ?

Personally yes, though pretty sure others here aren't.

 

[beachBOYken]

Hi

My Chase 1% interest on purchases is coming to an end soon, might keep it open still though, just wondering about my savings though.
Anywhere else worth moving to with a better rate?

 

[dlockers]

Hi

My Chase 1% interest on purchases is coming to an end soon, might keep it open still though, just wondering about my savings though.
Anywhere else worth moving to with a better rate?

Zopa. Better rate and has an ISA facility too.

 

[beachBOYken]

Zopa. Better rate and has an ISA facility too.

Thanks will check them out.

Are transfers in/out quick?

 

[dlockers]

Thanks will check them out.

Are transfers in/out quick?

Yeah no different to Chase tbh. Super quick/immediate. The only difference was you need to have a nominated/linked account to transfer in and out from but that may just be because I have the ISA product.

 

[beachBOYken]

Yeah no different to Chase tbh. Super quick/immediate. The only difference was you need to have a nominated/linked account to transfer in and out from but that may just be because I have the ISA product.

Marcus has a decent interest rate as well, not sure if they require a linked account.
Anyone with Marcus, good?

 

[dlockers]

Marcus has a decent interest rate as well, not sure if they require a linked account.
Anyone with Marcus, good?

I had Marcus before - it was fine. An even more "basic" product than Zopa. Does what it says on the tin; I never had any issues. Rates didn't climb quickly enough and then Chase came out.

 

[dlockers]

The benefit of Marcus is you can see you have a Goldman Sachs account and appear super wealthy

 

[Uther]

The benefit of Marcus is you can see you have a Goldman Sachs account and appear super wealthy

Yeah I think I've currently got £18.50 in mine, at 4.75%

 

[Uther]

Uh oh, Virgin Money cutting the interest rate on their M Plus saver from 3.55% to 2.50% - that's quite a drop.

Hopefully not a sign of things to come from others.

I think it is. The good times for savers is about to come to a grinding halt again.

 

[dlockers]

I think it is. The good times for savers is about to come to a grinding halt again.

*excludes pensions, investments

 

[200sols]

What is the justification for such a deep cut? And from an already terrible rate as well.

 

[Uther]

*excludes pensions, investments

Which is where mine is luckily. And I can get to my pensions now too, if I want.

 

[Uther]

What is the justification for such a deep cut? And from an already terrible rate as well.

Why give money away when they don't have to? I expect others with variable rates to do the same shortly.

 

[silvagti]

Uh oh, Virgin Money cutting the interest rate on their M Plus saver from 3.55% to 2.50% - that's quite a drop.

Hopefully not a sign of things to come from others.

Yeah, just noticed that as well. Maybe time to look elsewhere!