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Sainsburys Internet Saver 3.5% ??

2

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  • my account is now empty bar £2 and we have just emptied my dh`s bar £2
  • I'm also with Sainsburys. Going to open an account with Tesco but keep the Sainsburys one open with £1 just in case anything happens with their interest rate. Knowing my luck Tesco with drop their rates soon :(
  • Ours has gone into principality e saver but I am not holding my breath re the rates remaining competative. We both opened clydesdale fixed rate accounts at the weekend and my cheque has gone off. I`m just waiting for some more money to drop into our current account before his goes off

    I have a fixed rate icesave bond which matures on 18th nov. I weighed up 6 weeks of lost interest v an unknown timescale. I`ll keep posting re progress
  • TomsMom
    TomsMom Posts: 4,251 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    gmtomkins wrote: »
    Tesco savings rates will drop by 0.50% from 27/11/08.

    Was half expecting that! Where did you see it?
  • Baldur
    Baldur Posts: 6,565 Forumite
    TomsMom wrote: »
    Was half expecting that! Where did you see it?
    Says so on their website.
  • TomsMom
    TomsMom Posts: 4,251 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Baldur wrote: »
    Says so on their website.

    Thanks Baldur. I must have missed it when I visited yesterday.
  • anna42hmr
    anna42hmr Posts: 2,890 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    i have still kept this open, but will pay less than intended, have also got the tesco one and opened up the alliance and leicester esave issue 2 and a christmas savings account from one of the building societies, will pay a small amount into each each month, however will vary the amount them depending on who is the better performing for interest rates etc
    MFW#105 - 2015 Overpaid £8095 / 2016 Overpaid £6983.24 / 2017 Overpaid £3583.12 / 2018 Overpaid £2583.12 / 2019 Overpaid £2583.12 / 2020 Overpaid £2583.12/ 2021 overpaid £1506.82 /2022 Overpaid £2975.28 / 2023 Overpaid £2677.30 / 2024 Overpaid £2173.61 Total OP since mortgage started in 2015 = £37,286.86 2025 MFW target £1700, payments to date at April 2025 - £1712.07..
  • Following the additional base rate cut of 1% (from 3% to 2%), Sainsburys have dropped their Interest rate by...


    ...wait for it ...




    .... 1.25% !!!!!


    So it's now just 2.25% (Gross)


    I think there might be an even quicker outward movement of cash from Sainsburys now.
  • anna42hmr
    anna42hmr Posts: 2,890 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Following the additional base rate cut of 1% (from 3% to 2%), Sainsburys have dropped their Interest rate by...


    ...wait for it ...




    .... 1.25% !!!!!


    So it's now just 2.25% (Gross)


    I think there might be an even quicker outward movement of cash from Sainsburys now.

    thanks for that, i think that last £44 i left there is definatly being moved out now, just leave the £1 to keep it open

    it will be interesting to see if they up the interest rate as quick as they are dropping it following base rate changes when the rate eventually goes up again, doubt they will do though
    MFW#105 - 2015 Overpaid £8095 / 2016 Overpaid £6983.24 / 2017 Overpaid £3583.12 / 2018 Overpaid £2583.12 / 2019 Overpaid £2583.12 / 2020 Overpaid £2583.12/ 2021 overpaid £1506.82 /2022 Overpaid £2975.28 / 2023 Overpaid £2677.30 / 2024 Overpaid £2173.61 Total OP since mortgage started in 2015 = £37,286.86 2025 MFW target £1700, payments to date at April 2025 - £1712.07..
  • That is.............

    I only have a pound in it as well.
    Noobie (not so :D) trying to make loads a dosh - please bear with all my questions :beer: Thanks :D


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