The Top Easy Access Savings Discussion Area
Comments
-
Where else can you get 2.6% instant access at the moment?
I could get it with them but you couldn`t unless you`ve been a member for fifteen years.
The point I`m making is for all their banging of the mutuality drum, they are and have been one of the worse providers as regards saving rates.
They would have something to shout about if the 2.6% was for EVERYONE.0 -
Hello
Just checked their website and Nationwide's loyalty saver for 15yrs. membership is 2.40. Can't see 2.60 anywhere?0 -
Hello
Just checked their website and Nationwide's loyalty saver for 15yrs. membership is 2.40. Can't see 2.60 anywhere?
Looks like they`ve chopped it already.
Crap rate for 15 years loyalty and a crap building society with overpaid directors.
I`ve only got a fiver with them and that`s how it will stay until they pay a decent rate.0 -
What on earth is going on with savings rates at the moment?
I've been somewhat out of the arena for much of this year looking after an ailing father. Now, most of my 'high interest', instant access accounts are coming to the end of their bonus period and the rates are dropping through the floor. No change there then! However, the rates on new accounts currently on offer are so incredibly low they're hardly attractive are they?
I'm sure that none of this is news to any of you stalwart savings types.... but what are you guys doing with your cash savings at the moment. Are there ANY decent accounts out there, or is 2.5% to barely 3% (with strings) all that's available these days?
Any pointers, if you have them, as to where to stash the cash would be much appreciated - or are you all deeply pi**ed off too!
Thanks in advance AndyJ0 -
what are you guys doing with your cash savings at the moment.
For the most part, I'm reducing my cash allocation. What I do hold is in a combination of a one year account at 3.6%, instant access at 3.1% (for now!), some modest cash ISAs at 4% (for now!) and NS&I Index Linked bonds.
As for pointers, it's a case of looking out for deals as they come along or consider equities and bonds. However, even these are a bit skinny on the yield right now unless you move up the risk spectrum.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Are there ANY decent accounts out there, or is 2.5% to barely 3% (with strings) all that's available these days?
Any pointers, if you have them, as to where to stash the cash would be much appreciated - or are you all deeply pi**ed off too!
Thanks in advance AndyJ
If the "experts" at the BoE are daft enough to cut the rate to .25%, savings rates will go even lower.
The BoE has tried everything from cutting rates to the bone and printing billions of pounds.
They need to keep people spending to try to help the economy.
Now they`ve targeted savers by giving the banks cheap money so they in turn needn`t pay very much above the current 2.5% average.
The BoE are hoping that savers get so p*ssed off that they just go out and spend their money to keep the economy afloat.
The way things are now you might as well put it all in premium bonds.
No use fixing it because if anything half decent does come along (some hope) you need to pounce instantly.0 -
Quote:
Originally Posted by chun
Hello
Just checked their website and Nationwide's loyalty saver for 15yrs. membership is 2.40. Can't see 2.60 anywhere?I think 2.6 is for Issue 1, the current issue is 2.4 for 15 years, issue 2.
Issue 1 closed today it seems, and issue 2 is 2.0 2.2 and 2.4%0 -
What on earth is going on with savings rates at the moment?
I've been somewhat out of the arena for much of this year looking after an ailing father. Now, most of my 'high interest', instant access accounts are coming to the end of their bonus period and the rates are dropping through the floor. No change there then! However, the rates on new accounts currently on offer are so incredibly low they're hardly attractive are they?
I'm sure that none of this is news to any of you stalwart savings types.... but what are you guys doing with your cash savings at the moment. Are there ANY decent accounts out there, or is 2.5% to barely 3% (with strings) all that's available these days?
Any pointers, if you have them, as to where to stash the cash would be much appreciated - or are you all deeply pi**ed off too!
Thanks in advance AndyJ
I have some regular savers (4%) and an instant access account (3.15%), but the bonus rates are due to finish sometime around April 2013. Since I already have Lloyds Vantage accounts for the 4% and a Santander First Home Saver paying 3%, there aren't many other better options available atm. Hopefully the savings rates will improve a bit by next Spring - though I'm not holding my breath. :undecided0
Categories
- All Categories
- 342.5K Banking & Borrowing
- 249.9K Reduce Debt & Boost Income
- 449.4K Spending & Discounts
- 234.6K Work, Benefits & Business
- 607.1K Mortgages, Homes & Bills
- 172.8K Life & Family
- 247.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.8K Discuss & Feedback
- 15.1K Coronavirus Support Boards