Interest payment day today!

tomstickland

The true sadness of being a savings bore!
Interest payment day today. I'm looking forwards to seeing the numbers.
I worked out the other day that I'm earning 80p a day in interest. Nice to know that.

sly_dog_jonah

An interesting thought for the day! Intrigued, I worked out the maths too and came up with £4.30ish (after tax) from a mixture of stoozing and 'real' savings, about 50% of which are growing nicely in Cash ISAs (been making the most of them since they came out).

Makes hunting round the best deals worthwhile Look after the pennies and all that.

tomstickland

I'm just starting my stoozing activities. I've got Egg Money up and running and a 0% LTSB Platinum card approved. If I can move £4K of credit from that then I'll be up to making £1.30 per day. Hopefully, as soon as I get card no 2 on the go then I'll be able ot make £1.75 per day. Nice to know that the money is coming in even as I sleep.

Stonk

I'm glad I'm not the only one then!

I have a spreadsheet which pulls in all my balances and interest rates from my big Finance database, and tells me how much interest I am earning, gross and net. I find the "interest per month" figures the most graspable, probably because I'm paid monthly.

I will generally move money to different accounts if it will make me £2 per month extra interest (some would argue I should do it for 1p extra, but you can't be doing it too often because of the loss of interest in transit), and I will go to the bother of opening a brand new account if it makes me over about £4 per month extra.

I aim to increase my interest every month. Normally this happens naturally as a result of having earned an extra month's income. It was pretty tough, though, a few months ago when all the rates dropped!

deemy2004

My % annualised return on savings (including the tessa/ isa's) is a net equivalent of 5.6%

Though this excludes the stock market investments, which have had a good year. If I include the stock market the overall annualised return jumps to 6.96%.

I was wise or lucky ?, that I fixed much of my and my wifes savings investments September last year i.e Northern rock 6% for 4 years, United Trust bank 5.9% for 2 years etc...

I keep track on a monthly basis ie. copy and update the data so I have a chart of how month on month the portfolio has changed and the % returns have changed. to see which part of the portfolio is under performing and needs adjusting.

Currently most of the money goes into the monthly savers at the rate of £2.9k per month. Thats £2k into Derbyshire 5,4%, 400 into child savers 10%, and 500 into halifax monthlies 7%