Too quick for me!

Stompa

Lokolo wrote: »

They're pretty crap if you have a spending addiction lol.

But extremely convenient if you haven't!

MiserlyMartin

SGE1 wrote: »

Yep, Halifax did a 'Reward' fixed web saver which allowed 4 withdrawals in 12 months, and a min balance of £50, but they withdrew that on Monday. The rate was only 5% anyway, not brilliant.

I opened the 6.25% one in July, but god knows what I'll do when it runs out. Also have an ICICI one 6.85% which runs out this month. I guess the wisest move is to put it in the Halifax fixed. But I do wonder about moving it offshore as the pound seems to be close to collapse with this interest rate policy and the state of our economy.

MiserlyMartin

Saver-Rob wrote: »

....
Am I chasing a dream? Should I give up opening accounts only to find the interest has dropped? I dont want to tie the money up in a fixed term. I have £3600 in an ISA fixed term fixed rate 6.25% for 1 year and that is enough as I may want to use the rest some time next year as a desposit.

OK, moan over. Thanks for listening. :T

Sounds like you are wanting to buy a house later. I personally think that houses will be off the agenda for at least 4 years and will be continuing to fall up until then. I think prices will not suddenly shoot up and will grow very slowly when the falls bottom out. Best off getting a good fixed deal for as long as you can.

McKneff

saver-rob. I know you dont have a credit card. may i suggest you get one.
you seem to have a good head on your shoulders but nowadays with companies going bust all over the place you really are better buying with a credit card (and paying it off in full) anything that costs over £100.
You are fully protected then because if there is a problem with the purchase
then the credit card is liable and has to refund your money. Worth thinking about

rb10

SGE1 wrote: »

Yep, Halifax did a 'Reward' fixed web saver which allowed 4 withdrawals in 12 months, and a min balance of £50, but they withdrew that on Monday. The rate was only 5% anyway, not brilliant.

In 12 months time, when the Web Saver Rewards people have recently opened are finishing, I wonder if anyone'll be able to say "not brilliant" about that rate, when all other rates are rock bottom.

Saver-Rob

anniehanlon wrote: »

saver-rob. I know you dont have a credit card. may i suggest you get one.
you seem to have a good head on your shoulders but nowadays with companies going bust all over the place you really are better buying with a credit card (and paying it off in full) anything that costs over £100.
You are fully protected then because if there is a problem with the purchase
then the credit card is liable and has to refund your money. Worth thinking about

Thanks for all the replies, especially anniehenlon. I understand what you are saying in the above post. However I spend very little - no big purchases. The biggest amount that goes out each month is the housekeeping for my parents. Putting £20 in the car petrol tank is a big spend. :rotfl:

Perhaps sticking some away in a fixed term is a good idea but I feel much happier knowing I have access to an amount should I need it. Its something I need to think about.

McKneff

thanks fr your reply Rob, maybe you can put the thought on a back burner until such time when you may want to purchase a holiday or something else.
regards#
Annie

Saver-Rob

True, true. Some point some day I may opt in for such purchases.

Thanks.