SAVINGS RATE WIRE - UPDATED – 24th October 2008

skoolmaster

SAVINGS RATE WIRE - UPDATED – 24th October 2008

NOTE: FSCS limit £50,000 per customer (per provider)

RED highest current rate

Sources: emoneyfacts

FIXED RATES
ICICI Bank UK HiSAVE Fixed Rate (without early access) 7.20%
Anglo Irish Bank Fixed Rate Bond 7.05%
Anglo Irish Bank Fixed Rate Bond 7.00%
Birmingham Midshires Fixed Rate Bond 6.85%
SAGA Internet Fixed Rate Savings 6.80%
Julian Hodge Bank Capital Millennium Bond 6.75%
Julian Hodge Bank Capital Millennium Bond 6.40%
Ruffler Bank Fixed Rate Bond 6.35%
Loughborough BS 2 Year Fixed Rate Bond Issue 15 6.25%
Julian Hodge Bank Capital Millennium Bond 6.20%

FIXED RATE ISA (Tax free)
Scarborough BS 1 Year ISA Bond 6.30%
Bradford & Bingley 1 Year Fixed Rate ISA Issue 4 6.25%
Julian Hodge Bank 1 Year Fixed ISA 6.25%
Stroud & Swindon BS Fixed Rate ISA 2 6.25%
Principality BS Fixed Rate ISA Issue 39 (2008-2009) 6.25%
Birmingham Midshires 1 Year Fixed Rate ISA 6.15%

CASH ISA (Tax free)
Barclays Bank Tax Haven ISA 6.08%
Egg Egg Cash ISA 6.05%
National Counties BS Guaranteed Cash ISA 2008/09 6.01%
Principality BS e-ISA 6.00%
Birmingham Midshires Direct ISA (Issue 3) 6.00%
Alliance & Leicester Easy ISA 6.00%

INTERNET
Intelligent Finance isaver 6.40%
Birmingham Midshires e-Saver Issue 2 6.33%
AA AA Internet Saver 6.28%
ICICI Bank UK HiSAVE Savings 6.16%
Market Harborough BS onthedot 30 Day Notice 5.80%
Principality BS e-SAVER 5.75%

NOTICE
Anglo Irish Bank 7 Day Notice Issue 2 6.55%
Derbyshire BS Postal 60 Triple Guarantee 6.55%
Bradford & Bingley Internet Saver Notice Issue 1 6.10%
Progressive BS Postal 7 Day Notice 5.95%
Chelsea BS 90 Day Notice Issue 2 5.90%
Chelsea BS Triple Guarantee 2nd Issue 5.80%

NO NOTICE
West Bromwich BS Stratus No Notice 6.56%
Scarborough BS Balance Builder Issue 1 6.51%
Anglo Irish Bank Easy Access Deposit Issue 2 6.40%
Stroud & Swindon BS Postal Account 5.90%
Chelsea BS Rainy Day Savings Issue 3 5.50%
Teachers BS Call Save 5.35%

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%
Abbey Children's Savings Bond 6.20%
Harpenden BS 18 Club 5.60%
Halifax Save4it 5.55%
Chelsea BS Ready Steady Save 5.45%
Stafford Railway BS First Track 5.45%
Principality BS Children's 5.35%
Yorkshire BS One Day 5.33%
Norwich & Peterborough BS Family Young Saver 5.30%
Nationwide BS Smart 5.20%
Saffron BS Ladybird 5.25%

Government Backed - Northern Rock, NS&I
NS&I
Easy Access Savings 1.15%
Investment 2.50%
Income Bonds 3.75%
Guaranteed Growth Bond Issue 45 4.20%
Guaranteed Growth Bond Issue 39 4.00%
Guaranteed Growth Bond Issue 36 4.00%
Guaranteed Income Bond Issue 45 4.10%
Guaranteed Income Bond Issue 39 3.90%
Guaranteed Income Bond Issue 36 3.90%
Direct ISA 4.80%
Cash ISA 3.90%
Savings Certificate 44th Issue 2.95%
Savings Certificate 93rd Issue 2.95%
Index-Linked Certificate 18th 1.00% + inflation
Index-Linked Certificate 45th 1.00% + inflation
Childrens Bond Issue 31 3.70%

Northern Rock
Fixed Rate Capped Bond 4.50%
Fixed Rate Cash ISA 6.00%
Instant Access Cash ISA 4.29%
30 Day Cash ISA 5.15%

skoolmaster

for Martin Lewis to ICELAND !!!!

Reaper

Not sure what you mean by that last comment, presumably having a dig at Martin for recommending Icesave. However by implication you are recommending the accounts marked in red which include ICICI rated at BBB- or just above "junk" status.

Will you be going in to exile in India if they go under?

Stavros_3

jingle68

the cash ISA ive just opened today with NatWest has a higher interest rate than the one in your list (Barclays bank)

Baldur

jingle68 wrote: »

the cash ISA ive just opened today with NatWest has a higher interest rate than the one in your list (Barclays bank)

Only if transferring in previous years' Cash ISA funds from other providers, otherwise the Natwest rate is pretty dire....

Lokolo

And Barclays is 6.08 monthly which is 6.25% AER.

AER is the best rate to compare, why mix monthly and yearly rates?

Baldur

Lokolo wrote: »

And Barclays is 6.08 monthly which is 6.25% AER.

AER is the best rate to compare, why mix monthly and yearly rates?

Probably because the source is eMoneyfacts, which always appears to quote gross rates, rather than AER.

Squibbler

jingle68 wrote: »

the cash ISA ive just opened today with NatWest has a higher interest rate than the one in your list (Barclays bank)

Yes i wondered where NatWest had got to in that list - I opened mine yesterday - got above 7% AER.

I was really pleased they put my TOISA in with my ISA (both previously Nationwide). TOISAs get a worse rate at Nationwide than ISAs and now together in one ISA, they make a higher savings figure too so I qualified for an even better rate with NatWest

Squibbler

Baldur wrote: »

Only if transferring in previous years' Cash ISA funds from other providers, otherwise the Natwest rate is pretty dire....

So we need 2 banks that provide this sort of ISA account to transferees each year and we can alternate between the two.

Transalper

When I eventually get my Icesave ISA back I want to put it in a SAFE account and just sit back and forget about it for a few years.
But I want one that
1. Does not have a bad reputation ie. takes ages to transfer money into or out from another bank.
2. Gives a consistant good level of interest even when the first year bonus is expired.
3. Easy to open and fairly quick.
4.Can be opened with 0 balance as I have used my tax free alowance.
5. One that will accept my Icesave account transfer. (some do not accept transfers)
Am I asking too much, does one exist?