ING - Drops to 4.5% AER from 1st Jan 2006

surfcat

Juni wrote:

I've never yet been able to move from one account to another without losing what amounts to a months interest.

But surely you just lose the 3 or 4 days (or 6-8 if via a current account).

All this talk of an interest rate cut is pure bluster. With fuel prices the way they are, and all other main world economies having risen rates last time around (USA, Euroland, Australia, Canada), the pressure is on BoE to raise, not lower.

And then we shall see the debt economy come crashing down around us.

deemy2004

Yeh but it would take you about 7 months to earn the lost interest against not having moved the money

i.e. if the difference is 0.35% then its Old Int rate divided .35% X the number of Days in transit to and fro.

Juni_3

Which means you're just about breaking even and having a lot of hassle in the process.....

Caped_Avenger

That just about does it for me. I reckon my stooze fund now moved to my fd e-Savings.

I could tolerate losing out on 0.25% for the convenience of being able to draw against it as and when, but losing 0.5% AER (or 10% of the AER of my e-Savings) is too much to stomach.

MPH80

Eeep - be careful moving a stooz fund to FD E-Savings.

It suffers the same penalties as the HSBC savings account - e.g. make a withdrawal in the month - lose the interest for the month.

That makes it quite bad as a stooz pot fund - assuming you are making the min payments each month from it!

lisyloo

Note that CPI has fallen from 2.3% to 2.1%.

[Deleted User]

hansi wrote:

Apart from A&L, who else is giving the best easy access deal?

Halifax web saver account pays 4.65%. OK - not one of the highest rates around, but reasonably competitive to be considered in your savings strategy.

Caped_Avenger

MPH80 wrote:

Eeep - be careful moving a stooz fund to FD E-Savings.

It suffers the same penalties as the HSBC savings account - e.g. make a withdrawal in the month - lose the interest for the month.

That makes it quite bad as a stooz pot fund - assuming you are making the min payments each month from it!

Since you're new, i won't kill you for telling me how to use fd accounts!

I know, i'd pre-calculate the minimum payments and keep them in a seperate savings account. Possibly ING.

derrick

Greycrow wrote:

A&L On-Line Saver doesn't look too bad either with 5.15% up to 30/06/2006, though max. is £25000.
The beauty of ING was one competative rate with few conditions, but that rate is starting to loose alot of it's original charm. At 4.5% it's time to go shopping.

A&L have crap C S, use an 0870 number for calling them and for £2500 it is not worth the effort, ( I already have a standard current account with them, but have let it lapse since they would not talk to me unless I dialed the 0870 number, I had dialled the overseas number) it looks like I am not doing to bad with the accounts I mentioned earlier so will just have to sit tight.

surfcat

The feds have just upped their interest rate again tonight to 4.25%

Ours will not be going down anytime soon!