interest rates??
- Subscribe to RSS Feed
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
- Plusnet Community
- :
- Forum
- :
- Other forums
- :
- General Chat
- :
- interest rates??
interest rates??
interest rates??
15-05-2013 5:55 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Highlight
- Report to Moderator
taaa
Re: interest rates??
Re: interest rates??
15-05-2013 6:22 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Highlight
- Report to Moderator
Not much point in going for a variable rate account as the rate could be anything soon.
Skipton BS 2.25% AER fixed "160-Day Celebration Bond" Balance £500-£5000 has a monthly interest option. Matures December 13th. Open in branch only. No early access to capital.
http://www.skipton.co.uk/savings_and_investments/savings_accounts/celebration_bond/
Otherwise 2% seems to be the going rate for a 1-year fix. A little more if tying money up for longer.
http://moneyfacts.co.uk/compare/savings/fixed-rate-bonds/
Re: interest rates??
Re: interest rates??
15-05-2013 7:02 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Highlight
- Report to Moderator
They're not going to be able to offer me anything worth having in the way of account upgrades......that won't cost me anything.
Interest rates are so low on current and savings accounts as to make no real noticeable difference to balances.
Customer and Forum Moderator.
Re: interest rates??
Re: interest rates??
16-05-2013 12:00 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Highlight
- Report to Moderator
I had a review with the bank recently when I mentioned low interest rates. "Have you thought this could be a good time to borrow? - Have you thought about expanding your property portfolio?"
Nearly chocked on the jammy dodger at that (they supplied tea and biscuits)

He then went through various options on me borrowing.
I suggested the banks cavalier approach to lending got us into this fine mess to start with, they should reign in lending and encourage saving......guess my suggestion fell on deaf ears

Re: interest rates??
Re: interest rates??
16-05-2013 3:13 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Highlight
- Report to Moderator
Pay a monthly account fee of £2, fund the account with £500 a month (a minimum balance of £1,000 is required to receive interest); and set up a minimum of two Direct Debits. For cashback household bills must be paid by Direct Debit.
But you will get Cashback on household bills:
1% on water, council tax bills and Santander mortgage payments2
2% on gas and electricity bills
3% on mobile phone, home phone, broadband and paid-for TV packages
+ Up to 3% AER (variable) interest on your balance
It's 1% interest from £1,000 to £2,000, 2% from £2,000 to £3,000 and 3% from £3,000 to £20,000 but nothing for any amount over £20,000!
I have one of these but I am struggling to find any other decent account for my savings.
No, I'm not on commission!

Re: interest rates??
Re: interest rates??
16-05-2013 3:32 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Highlight
- Report to Moderator
however I never actually saw it advertised they simply wrote to me regarding a current account that was coming to an end and I could transfer into this new one which pays less than half of what I was previously getting and this would tie the capital up for 4 years.
I Need this money to supplicate my existing pension so felt I had little option but to accept the deal and just hope no emergency arises where I might need the capital.
Re: interest rates??
Re: interest rates??
16-05-2013 3:56 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Highlight
- Report to Moderator
was very happy with it. I'll probably just transfer the money into my cash ISA account which pays 1.75 pc!
Re: interest rates??
Re: interest rates??
16-05-2013 4:08 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Highlight
- Report to Moderator
Slightly off the wall idea: If you transfer your gas or electricity supply to OVO energy they pay you 3% on any credit: http://www.ovoenergy.com/our-promise/3-interest-page/ I'm not sure if you can just 'chuck a load of money' into your energy account and get it back with interest when you want it.
At any given moment in the universe many things happen. Coincidence is a matter of how close these events are in space, time and relationship.
Opinions expressed in forum posts are those of the poster, others may have different views.
Re: interest rates??
Re: interest rates??
17-05-2013 5:50 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Highlight
- Report to Moderator
Re: interest rates??
Re: interest rates??
19-05-2013 10:07 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Highlight
- Report to Moderator
Quote from: Howard You could try the Santander 123 current account recommended by Martin Lewis (http://www.moneysavingexpert.com/) but you have to run it like a current account:
Pay a monthly account fee of £2, fund the account with £500 a month (a minimum balance of £1,000 is required to receive interest); and set up a minimum of two Direct Debits. For cashback household bills must be paid by Direct Debit.
Yep, so you'd need to make £24 in the year just to break even and pay the fees. I love the way they quote it per month rather than per year to make it sound less.
Same issue with their credit credit card (again £24 per year).
It's fine though if you do use it as your main account and batter it I guess.
I've got an ex-Egg card (now Barclaycard) which I think was ringfenced years ago. 1% cashback on anything (up to a £200 cap) and I also got it before Egg introduced a £1 monthly charge (so a £12 annual fee there then).
I use it all the time, best you can get out there I think.
Sadly no good for new customers, and I don't think there is anything better out there.
Re: interest rates??
Re: interest rates??
20-05-2013 7:59 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Highlight
- Report to Moderator
Re: interest rates??
Re: interest rates??
20-05-2013 8:18 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Highlight
- Report to Moderator
Re: interest rates??
Re: interest rates??
20-05-2013 8:30 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Highlight
- Report to Moderator


Re: interest rates??
Re: interest rates??
20-05-2013 9:28 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Highlight
- Report to Moderator
Re: interest rates??
Re: interest rates??
20-05-2013 10:52 AM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Highlight
- Report to Moderator
- Subscribe to RSS Feed
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page