Exhausted trying to chase good rates

blackswan2

Any 6% + fixed rates still left?
I have a few following house sale, but need one more since The Nationwide have been too slow.

Jeanne_Dawn

I've just logged onto my internet banking and registered for a cash ISA offering 7% - thanks to Martin's recent advice - got in before the interest rates drop, as announced today

d10

PasturesNew wrote: »

I got fed up just trying to open enough accounts to split money into £35k chunks. Then all the accounts dropped their rates anyway. And it's a pain in the 4rse.

They want our money, but make it difficult for us to give it to them.

All I really wanted was all the money in one high interest paying account. But no, I had to open many.

And now I want different/new accounts, bonds.

Too complex!!

True..

I've been paralysed with indecision and now thinking of Index linked funds..they say they beat inflation everytime..That way I can leave it there for three years..

Fed up of sending ID to open new accounts..

Though saying all this Coventry BS seems to be a good deal..so might consider that..
Is it better than the NS&I index linked ones ? Would anyone be kind enough to explain.

Thank you.
:coffee:

bjorn_again

Lynt wrote: »

Me too. Sick to death with the whole thing.
I was just beginning to relax a little, then today the Sh*t hit the fan again!

I can't be bothered any more

Until the middle of October I had all my money in three accounts. Way over the top with Abbey as far as safety went but blissfuly unaware of the pitfalls. Having run around openeing new accounts, trying to remember endless usernames, passwords amd memorable info I am sick to death of it all. I have now said to hell with it all, put a big slice of my money into NR and intend to get on with my life. I don't have a fortune and at the end of the day +1% difference over all my accounts is not going to materially alter my life stle. Like you Lynt - "I can't be arsed anymore" there are more important things in life that +/- 0.5%

Geenie

My Bond has only just matured with Nationwide and I have missed out in re investing it while they were still offering 6% They are only offering now a pathetic 5%!:mad: Anyway, I have taken the decision to go for it and put the money back in for 2 years at this fixed rate whilst it is still going, as it is easier for me to keep it in there rather then trawl and open new accounts elsewhere!!:o

All the so called experts in the news and City bankers I know, seem to think interest rates will drop even lower and stay so for some time!

I will probably regret it in a years time, when they have gone up again, but it is all a gamble at the end of the day! At least it will be earning something and guaranteed, but I have to console and talk myself into believing this, and feel very angry how savers are being treated at this time!:o

freddysmith

Geenie....... The NW Bond account can be closed subject to penalties dependent on term remaining.

So at least you will have a get out if interest rates rise substantially in the future.

SouthCoast

bjorn_again wrote: »

Until the middle of October I had all my money in three accounts. Way over the top with Abbey as far as safety went but blissfuly unaware of the pitfalls. Having run around openeing new accounts, trying to remember endless usernames, passwords amd memorable info I am sick to death of it all. I have now said to hell with it all, put a big slice of my money into NR and intend to get on with my life. I don't have a fortune and at the end of the day +1% difference over all my accounts is not going to materially alter my life stle. Like you Lynt - "I can't be arsed anymore" there are more important things in life that +/- 0.5%

Agreed.

£50,000 @ 0.5% = £0.685p per day.


Spend it wisely.

Geenie

freddysmith wrote: »

Geenie....... The NW Bond account can be closed subject to penalties dependent on term remaining.

So at least you will have a get out if interest rates rise substantially in the future.

Thanks freddysmith, I hadn't thought of that! You have made me feel a lot better now! :T

I have another one maturing in February, so will be interesting what is on offer then?!! :eek:

JayTee99_2

SouthCoast wrote: »

£50,000 @ 0.5% = £0.685p per day.


Spend it wisely.

Ahh.. but for savers the 'spend per day' potential is surely less important than the longer term goal?

in the interests of balance, it could be argued that most savers might be more likely to see this in terms of around £20 per month, or £250 per year

ballyblack

Quote by d10

now thinking of Index linked funds..they say they beat inflation everytime..That way I can leave it there for three years..

If inflation goes down to zero? NOT a good idea