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4% AER on savings, NOT fixed term
Proactivity
Posts: 12 Forumite
A quick tip for anyone finding it hard to get any decent interest rate on savings.
If you've still got your Egg Money card, maybe from the glory days when stoozing made you money, you'll be glad to know it's STILL paying 4% on positive balances. So, while when I first got it, it paid the lowest interest of any of my accounts, it now outstrips all of them, including 2 of my ISAs which paid over 6% when I took them out. I'll say that again - more net interest than my tax free savings, even though I'm a high tax payer.
No longer available to new customers, but existing card holders take note!
If you've still got your Egg Money card, maybe from the glory days when stoozing made you money, you'll be glad to know it's STILL paying 4% on positive balances. So, while when I first got it, it paid the lowest interest of any of my accounts, it now outstrips all of them, including 2 of my ISAs which paid over 6% when I took them out. I'll say that again - more net interest than my tax free savings, even though I'm a high tax payer.
No longer available to new customers, but existing card holders take note!
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Comments
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Proactivity wrote: »A quick tip for anyone finding it hard to get any decent interest rate on savings.
If you've still got your Egg Money card, maybe from the glory days when stoozing made you money, you'll be glad to know it's STILL paying 4% on positive balances. So, while when I first got it, it paid the lowest interest of any of my accounts, it now outstrips all of them, including 2 of my ISAs which paid over 6% when I took them out. I'll say that again - more net interest than my tax free savings, even though I'm a high tax payer.
No longer available to new customers, but existing card holders take note!
If I stick a few k into my egg money...... how do I later take it out if needed?
I'm sure it's simple but having never used this facility before.....0 -
BACS out to current account, cash out from cash machines, or just spend on purchases0
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Where can I see the rates they're paying on the Egg Money account? I've had a quick look around the site and can only see the standard savings accounts rather than this card/savings hybrid.
EDIT: Ok, already spotted it... My mistake!I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
If I stick a few k into my egg money...... how do I later take it out if needed?
I'm sure it's simple but having never used this facility before.....
It's all under the Egg Money Admin link. Do a One Time Payment to pay money into the account, and withdraw it with a balance transfer to a current account or credit card.0
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