What is the Highest Interest Rate / Cashback / Rewards You Can Get?

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  • RacingDriver
    RacingDriver Posts: 396 Forumite
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    Special_Saver2 wrote: »
    6% on... £800 per month (£308.62 interest)... First Direct Regular Saver account (£300 per month for 12 months, earns £115.96 per year gross interest), Marks and Spencer Bank Monthly Saver (£250 per month for 12 months, earns £96.33 per year), HSBC Regular Saver(£250 per month for 12 months, earns £96.33 per year)

    All these 6% accounts have now dropped to 5%.
  • colsten
    colsten Posts: 17,597 Forumite
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    RacingDriver wrote: »
    All these 6% accounts have now dropped to 5%.
    For new accounts only. Existing ones stay on 6%.
  • GazHol
    GazHol Posts: 69 Forumite
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    Ref: "6% on... £800 per month (£308.62 interest)... First Direct Regular Saver account (£300 per month for 12 months, earns £115.96 per year gross interest), Marks and Spencer Bank Monthly Saver (£250 per month for 12 months, earns £96.33 per year), HSBC Regular Saver (£250 per month for 12 months, earns £96.33 per year)"

    I got £97.15 on my M&S RS 6% that matured yesterday (and they wouldn't let me change my SO date).
  • Dird
    Dird Posts: 2,703 Forumite
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    RacingDriver wrote: »
    All these 6% accounts have now dropped to 5%.
    Wow I got lucky :-o just took out M&S this month
    Mortgage (Nov 15): £79,950 | Mortgage (May 19): £71,754 | Mortgage (Sep 22): £0
    Cashback sites: £900 | £30k in 2016: £30,300 (101%)
  • Special_Saver2
    Special_Saver2 Posts: 1,409 Forumite
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    I have updated the first post of this thread with the changes to the First Direct, HSBC and M&S account interest rates. The entire 6% interest category has vanished now! The interest rate calculations are done using the regular savings calculator tool on this page of Martin's website and I have recalculated them all now using the new 5% interest rate for these accounts. I have also added a note on the Santander 123 account entry in the first post about the interest rate dropping in November.

    SS2
  • RacingDriver
    RacingDriver Posts: 396 Forumite
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    Special_Saver2 wrote: »
    I have updated the first post of this thread with the changes to the First Direct, HSBC and M&S account interest rates. The entire 6% interest category has vanished now! The interest rate calculations are done using the regular savings calculator tool on this page of Martin's website and I have recalculated them all now using the new 5% interest rate for these accounts. I have also added a note on the Santander 123 account entry in the first post about the interest rate dropping in November.

    SS2
    A few more for you to update:

    Leeds BS Regular Saver was 3.05% now 2.30% including 1.80% conditional bonus

    Cumberland BS Help To Buy ISA was 3% now 2.75%

    Halifax Reward current account was £75 per year now £60 per year (£5 per month)
  • Eco_Miser
    Eco_Miser Posts: 4,708 Forumite
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    RacingDriver wrote: »
    Halifax Reward current account was £75 per year now £60 per year (£5 per month)
    It's still £75 a year - it's not interest so the tax is still taken off at source.
    Eco Miser
    Saving money for well over half a century
  • RacingDriver
    RacingDriver Posts: 396 Forumite
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    Eco_Miser wrote: »
    It's still £75 a year - it's not interest so the tax is still taken off at source.

    Apologies, thank you for correcting me.
  • Special_Saver2
    Special_Saver2 Posts: 1,409 Forumite
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    Thanks, first post updated and I have removed everything paying less than 3% to keep things simple and easier to update - still plenty of accounts in the first post.

    SS2
  • Westie983
    Westie983 Posts: 5,213 Ambassador
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    edited 5 October 2016 at 5:51AM
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    RacingDriver wrote: »
    A few more for you to update:

    Leeds BS Regular Saver was 3.05% now 2.30% including 1.80% conditional bonus

    Cumberland BS Help To Buy ISA was 3% now 2.75%

    Halifax Reward current account was £75 per year now £60 per year (£5 per month)

    Issue 3 is still paying 3.05%, was pulled from sale 16th September its issue 4 paying 2.30%, those that still have issue 3 are getting the higher rate, and you can have both issues.
    I’m a Forum Ambassador and I support the Forum Team on the Banking & Borrowing, and Reduce Debt & Boost Income boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySaving Expert.
    Save 12k in 2023 #58 Total (£4500.00) £2500.00/£5000 = 50.00%
    Sealed Pot Challenge ~17 #24 Total (£55.00) £0.00/£500 = 0.00%
    Xmas 2023 £1 a Day #13 Total (£85.00) £344.00/£365 = 94.24%
    Virtual Sealed Pot #1 Total (£500) £550.00/£500 = 110.00%
    £2 Savers Club 2023 #17 Total (£25.00) £45/£300 = 15.00%
    The 365 1p Challenge 2023 #7 Total £656.19/£667.95 = 98.23%
    Total £4095.19/£7332.95 = 55.84%
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