Have you been offered a hideous interest rate?

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Former_MSE_Matt
Former_MSE_Matt Posts: 78 Forumite
edited 22 August 2017 at 3:36PM in Budgeting & bank accounts
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Many savings rates are spit-worthily dire because the Bank of England base rate is at its 0.25% historical low, though some pay a decent up to 5%. (see our guides) Even when rates do rise, many are still utter pants, such as MSE Helen's new 0.05% deal.

What interest rate have you been offered? And is it as hideous as this?
Let us know in the comments below!

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Comments

  • surreysaver
    surreysaver Posts: 4,105 Forumite
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    Helen isn't very MSE if she's on 0.25%
    I consider myself to be a male feminist. Is that allowed?
  • Neil_Jones
    Neil_Jones Posts: 8,913 Forumite
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    Nope. Everything I have is paying at least 1.11% - managed to jump on the Cyprus 1.3% offer. Santander 123 @ 1.5%, seven or so regular savers at 2.25%, one regular saver at 2%, one regular saver at 5%, 5% on £2.5k in a current account, an older Guaranteed Income Bond from NS&I paying 1.7% and a Halifax H2B ISA at 3.5%, Tesco Internet saver 1.11% and Shawbrook @ 1.2%. I can't at the moment tie money up long term for personal reasons.
  • batrachophagus
    batrachophagus Posts: 45 Forumite
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    My Nationwide FlexAccount joint bills account doesn't pay any interest. I could transfer it to a Santander 123 account and make c. £60 per year. I can't be bothered for that though.
  • SuiDreams
    SuiDreams Posts: 2,393 Forumite
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    Lowest rate I have is 2%, majority is on more than that
    5 x 5% reg Savers
    1 x 4% reg Saver
    1 x 3% reg saver
    4 x 3% current accounts with various limits
    1 x 2% Current account
    1 x 2.75% offset Savings
  • Mogley
    Mogley Posts: 250 Forumite
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    Minimum interest rate is 0.95% on my promoted Tesco Internet saver. Maximum is 5% with Nationwide (still in the 1st year deal on flexdirect and Flexclusive regular saver). Highest non linked regular saver I have is the virgin esaver at 2.25%. All are easy access.


    To benefit from the best rates you have to be very MSE and look for new deals towards the end of current promotional periods otherwise accept the "hideous" rates for being loyal.
    You should pay attention to the needs of the moment - otherwise there is no future. But to ignore the future is foolish - living solely for the moment leaves nothing for when the next moment arrives.
  • molerat
    molerat Posts: 31,866 Forumite
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    Lowest rate I have is 0.25%. Doesn't pay me much interest on the massive 10p balance but it does take £15 per month via DD across my 3 BOS accounts ;)
  • Westie983
    Westie983 Posts: 5,213 Ambassador
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    I have a few ranging from 6% - £3.

    2 x 6%
    2 x 5%
    1 x 4%
    6 x 3%
    2 x 2.5%
    2 x 2.3%
    11 x 2.25%
    1 x 2%
    1 x 1.75%
    4 x 1.5%
    1 x 1.3%
    2 x £4
    2 x £3

    Westie983
    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%
  • realaledrinker
    realaledrinker Posts: 1,661 Forumite
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    And relevance to the Current Account board is?
    Ethical moneysaver
  • agrinnall
    agrinnall Posts: 23,344 Forumite
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    realaledrinker wrote: »
    And relevance to the Current Account board is?

    a) It's not a Current Account board.
    b) Most of the best rates are offered by current accounts.
  • colsten
    colsten Posts: 17,597 Forumite
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    surreysaver wrote: »
    Helen isn't very MSE if she's on 0.25%
    It's worse. It says her new deal is 0.05%. You got to wonder what research went into this, and what or who made her take it.
This discussion has been closed.
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