Fix Your Savings Rate NOW! Article Discussion

bokkie21

brooza wrote: »

Halifax have a Web Saver account fized at 7%AER for 3 months

Be aware that you must have a variable saver account with them to be able to open the 7% account. Just phoned them and apparently this takes 5 working days to set up.

ray123

Kaupthing edge have 1 year bond paying 7.15%...
Alternatively, a 3 year bond pays 7.67%.
However, it is possible to break this bond if necessary and the break rate is 6.67%.
Not bad in my opinion...

Milarky

Dan29 wrote: »

Careful with Halifax - when they drop the rate you get they sometimes don't update their website advertising until the next day. You think you're applying for 7% but then find out too late that you've been given a lower rate.

Anyone opened one in the last couple of hours and can confirm they got the advertised rate?

Yes - I opened one between 12 and 1pm today. The fixed rate applied for (6.50% for a year) was confirmed by the time I logged back in and the new account was showing already ('Recent Transactuion' screen)

I'd expect them to drop rates overnight Thusday/Friday - it's what they did two weeks ago and I just missed out on 7% for 6 months.

bellaonline79

Having read the article I notice that the Kaupthing Edge / ING accounts are no longer in the best buy tables, even though their fixed rate deals offer rates of 6.86 and above (depending how long you fix for). Given that the article says you will always point out the top rates and then leave it to us to decide if it's safe enough, I was just wondering if anyone can explain why this is. I still have money in a Kaupthing account and was thinking about fixing some of it before the rates come down - now that things seem to have settled down a bit. But the fact that it is not mentioned in the article makes me wonder if I should still be worried about having my money there at all.
Any suggestions?
Bella

yowza

Birmingham Midshires - part of HBOS. Journalists' wisdom says HBOS is too big to be allowed to collapse, hence the government-forced takeover by Lloyds TSB. There is still doubt about the takeover and talk of a foreign bank trying to get HBOS.

I've just taken up the option of transferring a fixed bond with BM (that has just matured) into another 1 year bond at 6.69% paying interest out monthly. I'm wondering whether to add more funds to the bond up to £50000, but have to action that today before the option closes.

Any thoughts on the future stability of BM for the next year?

MumofThree

bellaonline79 wrote: »

Having read the article I notice that the Kaupthing Edge / ING accounts are no longer in the best buy tables, even though their fixed rate deals offer rates of 6.86 and above (depending how long you fix for). Given that the article says you will always point out the top rates and then leave it to us to decide if it's safe enough, I was just wondering if anyone can explain why this is. I still have money in a Kaupthing account and was thinking about fixing some of it before the rates come down - now that things seem to have settled down a bit. But the fact that it is not mentioned in the article makes me wonder if I should still be worried about having my money there at all.
Any suggestions?
Bella

Bella and Ray123

KE are no longer offering those rates. Some poor people (including myself) made transfers in the early days of ING taking of KE and have waited weeks to get money that disappeared from our KE accounts but never appeared in our linked accounts. Mine only arrived on Tuesday and 30 odd people are still waiting for THEIR money. ING's handling of this has been appalling.

None of us would touch ING with a bargepole!

Please see thread "http://forums.moneysavingexpert.com/showthread.html?t=1240713

Former_MSE_Dan

Hi guys,

A couple of people have mentioned the Kaupthing Fixed accounts - as far as I can see you cannot still apply for these as new customers. If anyone can see different, please let me knwo and ill check it out

Dan

bellaonline79

Hi Dan
I'm not sure if you can apply as a new customer but I already have a Kaupthing Instant access account and from that it looks as if I can transfer money into a new fixed term deposit account with a rate of 6.86% over 6 months or higher if I fix for longer. At least, I can click on the link and it opens up a page that asks me how much money I want to deposit. I've not actually tried filling in the box because I'm hesitating as the money won't be covered by the FSCS if ING goes under.
Bella

MumofThree

bellaonline79 wrote: »

Hi Dan
I'm not sure if you can apply as a new customer but I already have a Kaupthing Instant access account and from that it looks as if I can transfer money into a new fixed term deposit account with a rate of 6.86% over 6 months or higher if I fix for longer. At least, I can click on the link and it opens up a page that asks me how much money I want to deposit. I've not actually tried filling in the box because I'm hesitating as the money won't be covered by the FSCS if ING goes under.
Bella

Bella

See my reply to your previous post. This has been discussed on the other thread and although you can appear to open one it won't be honoured. On one of their updates ING did mention that any exisiting (Pre October 8th) fixed rates would be honoured.

fablad75

Well, reading all this is making me a little worried now. I had money in an instant access account with KE and have just fixed it for a year at 7.15%.

Was this a bad decision?