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[MSE Natasha]

This thread is specifically to discuss the content of the

Fix Your Savings Rate NOW! Article

To discuss or ask a question about this article: click reply

[lllama]

The link at the bottom of the article is broken and points to the one about haggling.

[MSE Martin]

PS. If you spot a rate in the guide that has dropped - please email brokenlink@moneysavingexpert.com - we are updating regularly but its helpful if you can

[janetsr]

I applied for the Saga fixed rate savings - online - yesterday. They responded that the docs would be posted out to me. Will I still get the quoted interest rate or if they change today, am I too late?

[treecity]

The biggest problem here is moving money back through linked accounts to even be able to open a fixed term.

I have savings in BM esaver and to open a Fixed term with them I have to send the money via my linked current account. By the time I have done that they will most likely have closed the fixed account for new applicants.

I only want to move the funds sideways within BM but have to go all round the houses.

Crazy times!

[brooza]

Halifax have a Web Saver account fized at 7%AER for 3 months

[Dan29]

Originally Posted by brooza

Halifax have a Web Saver account fized at 7%AER for 3 months

Careful with Halifax - when they drop the rate you get they sometimes don't update their website advertising until the next day. You think you're applying for 7% but then find out too late that you've been given a lower rate.

Anyone opened one in the last couple of hours and can confirm they got the advertised rate?

[Megalomaniac]

Wish I could transfer my Icesave ISA to a fixed rate now (rather than when they will have disappeared in a few weeks time). I applied for the Principal fixed but following the application it asks for you to send the paperwork and transfer form within 5 days!

[cmjb]

As someone who (foolishly) trusted the UK banking systerm until relatively recently, I have to disagree with some of Martin's advice. I would not put any funds into any bank, building society, etc., in a panic whatever the rate bait.

I have been moving our funds into the nationalised banks (we are Northern Rock customers) and NS&I premium bonds, despite the lousy returns. Returns are meaningless if you lose your money, as we almost did with Icesave.

I would look at the bank's or building society's financial statements before depositing money. I have found that many of them have put far too much money into "wholesale" banking and/or derivatives. Wholesale banking is when banks lend money to other banks. If you wonder what earthly use that is, well, your instincts are probably right. In my opinion, derivatives are just legalised gambling.

We continue to keep our current account with a bank that I will not name, despite their involvement with all this, simply because it's too hard to switch and difficult to find any organisation that isn't involved.

[brooza]

Originally Posted by Dan29

Anyone opened one in the last couple of hours and can confirm they got the advertised rate?

Me (unless the rate changes between me signing up and the letter coming to me)

[Dan29]

Originally Posted by brooza

Me (unless the rate changes between me signing up and the letter coming to me)

Thanks. You can see the rate for the account when you look at its details.

[brooza]

Originally Posted by brooza

Me (unless the rate changes between me signing up and the letter coming to me)

According to my online banking -
Fixed rate 6.82% Gross p.a.

[8tpercent]

Originally Posted by Dan29

Careful with Halifax - when they drop the rate you get they sometimes don't update their website advertising until the next day.

Speaking of the Halifax... just keep an eye out on their offers....I Signed up for a special offer Halifax Guaranteed Saver Reward (which ended on 27th Oct and was at FIXED at 5.5%). Today, they have the SAME special offer at FIXED 6%. The only way to get the higher rate is to cancel the 5.5% account and re-setup a new one at 6%.. considering I only got the account two weeks ago, not happy

[neilsedaka]

I already have money in a Bradford & Bingley Internet Saver 3, so it was easy a few minutes ago to click the link in the My Accounts page to Fixed Term eBonds and open a 3 year eBond (issue 38) fixed at 6.00% within seconds. I know that 6.00% is nowhere near the best but I already already have several fixed rate accounts with other banks at over 7% and it was easy to do this one immediately.

[brooza]

Originally Posted by 8tpercent

Speaking of the Halifax... just keep an eye out on their offers....I Signed up for a special offer Halifax Guaranteed Saver Reward (which ended on 27th Oct and was at FIXED at 5.5%). Today, they have the SAME special offer at FIXED 6%. The only way to get the higher rate is to cancel the 5.5% account and re-setup a new one at 6%.. considering I only got the account two weeks ago, not happy

I noticed that when I was in the branch earlier - they had posters up for both offers

[brooza]

Originally Posted by neilsedaka

I already have money in a Bradford & Bingley Internet Saver 3, so it was easy a few minutes ago to click the link in the My Accounts page to Fixed Term eBonds and open a 3 year eBond (issue 38) fixed at 6.00% within seconds. I know that 6.00% is nowhere near the best but I already already have several fixed rate accounts with other banks at over 7% and it was easy to do this one immediately.

That's similar to the Halifax one - 3 years fixed is 6%
ate(AER)
3 mths - 7.00%
6 mths - 6.00%
9 mths - 6.50%
1 yr - 6.50%
2 yrs - 5.85%
3 yrs - 6.00%
4 yrs - 5.75%
5 yrs - 5.70%

EDIT: Just noticed this in the details

Minimum opening balance - £500
Maximum balance - £9 million per account

[ashm1]

I dunno should we fix? I think the discounting on the high street will be heavy this year so might be able to grab some bargains.

Alternatively if you think it's a long deflation where rates get pushed towards 0% then might make sense to fix.

Need to look at cashflow I guess.

[antispam246]

Just when I thought I had it all sorted :/ I think in todays climate, it's best to put it all on red.

On a serious note, I made a post yesterday addressing the issue of checking current uup-to-date interest rates. There doesn't appear to be a site or anything as such dedicated to it, but just incase there is, I'd love anyone to direct me towards one.

This was what I was asking
http://forums.moneysavingexpert.com/...5#post15539705

[oshoshitzu]

Originally Posted by janetsr

I applied for the Saga fixed rate savings - online - yesterday. They responded that the docs would be posted out to me. Will I still get the quoted interest rate or if they change today, am I too late?

I was going to open this account. Because the initial deposit has to be by cheque can I open it with £1 then do a bank transfer for a much larger amount?

[JimmyTheWig]

A while ago Egg were doing a "fixed rate for a year" account without requiring you to keep the money fixed in there. See http://forums.moneysavingexpert.com/...html?t=1097723.

They're no longer doing it, but those of us who signed up will be smiling!

The point of this post, though, is are any other banks doing a similar product?