SAVINGS RATE WIRE - UPDATED – 3rd October 2008

skoolmaster

SAVINGS RATE WIRE - BEST BUYS

SAVINGS RATE WIRE - UPDATED – 3rd October 2008

NOTE: Financial Services Compensation Scheme limit £50,000 per customer (per provider) w.e.f. from Tuesday 7th October 2008

RED highest current rate

BLUE mutual providers

Sources: emoneyfacts

FIXED RATES

AA One Year Internet Fixed Rate Bond 7.21%
ICICI Bank UK HiSAVE Fixed Rate (without early access) 7.20%
SAGA Internet Fixed Rate Savings 7.06%
Icesave Fixed Rate Savings 7.06%
Birmingham Midshires 1 Year Internet Fixed Rate Bond 7.05%
Anglo Irish Bank Fixed Rate Bond 7.05%
Anglo Irish Bank Fixed Rate Bond 7.00%
Heritable Bank 2 Yr Fixed Rate Bond 24 6.80%
Heritable Bank 3 Yr Fixed Rate Bond 34 6.80%
Clydesdale Bank Fixed Term Deposits 6.75%

FIXED RATE ISA (Tax free)

Scarborough BS 1 Year ISA Bond 6.30%
Bradford & Bingley 1 Year Fixed Rate ISA Issue 4 6.25%
Principality BS Fixed Rate ISA Issue 39 (2008-2009) 6.25%
Newcastle BS Newcastle Secure ISA 6.20%
Julian Hodge Bank 1 Year Fixed ISA 6.20%
Nationwide BS 3 Year Fixed Rate ISA Bond 6.15%

CASH ISA (Tax free)

Manchester BS Premier ISA Issue 2 6.50% Rate includes 1.00% bonus
Icesave Easy Access ISA 6.10%
Barclays Bank Tax Haven ISA 6.08% Rate includes 1.00% bonus for 12 months
Egg Egg Cash ISA 6.05%
National Counties BS Guaranteed Cash ISA 2008/09 6.01%
Principality BS e-ISA 6.00%

INTERNET

Bradford & Bingley Internet Saver Issue 3 6.51%
Intelligent Finance isaver 6.40%
Kaupthing Edge Savings 6.36%
Birmingham Midshires e-Saver Issue 2 6.33%
Icesave Easy Access Savings 6.30%
AA AA Internet Saver 6.28%

NOTICE

Anglo Irish Bank 7 Day Notice Issue 2 6.55%
Derbyshire BS Postal 60 Triple Guarantee 6.55%
Chelsea BS 90 Day Notice Issue 2 6.50%
Progressive BS Postal 7 Day Notice 6.45%
Chelsea BS Triple Guarantee 2nd Issue 6.40%
Chelsea BS Call Direct 50 6.30%

NO NOTICE

West Bromwich BS Stratus No Notice 6.56%
Scarborough BS Balance Builder Issue 1 6.51%
Heritable Bank Direct Saver Issue 1 6.41%
Anglo Irish Bank Easy Access Deposit Issue 2 6.40%
Chelsea BS Rainy Day Savings Issue 3 6.10%
Beverley BS Postal Account 5.50%

REGULAR

Barclays Bank Monthly Savings 7.49%
Abbey Fixed Monthly Saver 7 7.25%
Principality BS Regular Saver Bond 5 7.00%
Skipton BS Special Saver 6.80%
Yorkshire BS Regular Saver 6.35%
Teachers BS Regular Saver (Issue 1) 6.35%

CHILDREN’S SAVINGS

Halifax Children's Regular Saver 10.00%
Chorley & District BS Foxley Fund 6.75%
Clydesdale Bank Child's Savings Bond 6.00%
Harpenden BS 18 Club 5.60%
Halifax Save4it 5.55%
Stafford Railway BS First Track 5.45%
Chelsea BS Ready Steady Save 5.45%
Principality BS Children's 5.35%
Yorkshire BS One Day 5.33%
Norwich & Peterborough BS Family Young Saver 5.30%
Saffron BS Ladybird 5.25%
Nationwide BS Smart 5.20%

kingmonkey

Again, we need to know more information.

Are these percentages monthly or yearly interest? It is so much easier to compare AER.

[Deleted User]

Kaupthing Edge Savings 6.36%

6.36% is of course the gross rate, not the AER rate of 6.55%. Why he's listed this I've no idea!

http://www.moneysavingexpert.com/banking/interest-rates

The AER or Annual Equivalent Rate is the official rate for savings accounts, and is designed to allow easy comparisons as it's meant to smooth out the variances between accounts (it's the equivalent of the APR for debts).

Baldur

Deleted_User wrote: »

6.36% is of course the gross rate, not the AER rate of 6.55%. Why he's listed this I've no idea!

From the OP "Sources: emoneyfacts" - the eMoneyfacts site always uses gross rates, rather than AER.