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Saga Top 5 Tracker account

2

Comments

  • Stompa
    Stompa Posts: 8,423
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    nobby24 wrote: »
    Well the beauty of this account is you know it's always going to be a fairly good rate because it's tied to the Top 5 rates available.

    Except the top 5 will probably be around 1% soon!
    Stompa
  • nobby24
    nobby24 Posts: 398 Forumite
    lol, I hope not.

    :D
    A problem shared is a problem multiplied. :o
  • juicyjude
    juicyjude Posts: 670 Forumite
    How things change. A few weeks ago none of us would have looked at rates like 3% but now we are all thinking, not so bad that!!!!!
  • savetilibleed
    savetilibleed Posts: 1,363
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    The Top 5 Online Tracker has not, at this time 17.50hrs 02/02/09, at least isn't showing as changed eithe in their historical rates link or if I log on. Still showing 4.34%. Cant remember what criteria exectly they choose (or for how long) for changing the interest rate. Obviously it tracks the top 5 online accounts but when do they look and see?
  • Stompa
    Stompa Posts: 8,423
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    savetilibleed wrote: »
    The Top 5 Online Tracker has not, at this time 17.50hrs 02/02/09, at least isn't showing as changed eithe in their historical rates link or if I log on. Still showing 4.34%. Cant remember what criteria exectly they choose (or for how long) for changing the interest rate. Obviously it tracks the top 5 online accounts but when do they look and see?

    According to:

    http://www.saga.co.uk/money-shop/savings/historical-rates.asp

    it's previously changed on:

    2 January 09
    1 December 08
    3 November 08
    1 October 08
    1 September 08
    1 August 08
    1 July 08
    2 June 08
    7 May 08

    so I imagine it will plummet in the next day or so.
    Stompa
  • savetilibleed
    savetilibleed Posts: 1,363
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    It's 3.42% gross now this evening when I logged on. The historical table not yet updated.
  • goldtooth_2
    goldtooth_2 Posts: 5 Forumite
    How does 3.42% gross (monthly interest) convert to AER, so I can compare with other bank's rates?
  • Stompa
    Stompa Posts: 8,423
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    goldtooth wrote: »
    How does 3.42% gross (monthly interest) convert to AER, so I can compare with other bank's rates?

    3.47%

    they usually show AER here:

    http://www.saga.co.uk/money-shop/savings/historical-rates.asp

    but don't appear to have got around to updating it yet.
    Stompa
  • nobby24
    nobby24 Posts: 398 Forumite
    Down to 2.75% now.

    :(
    A problem shared is a problem multiplied. :o
  • G_M
    G_M Posts: 51,977
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
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    Investec's High Five account ((very similar) is paying 3.54 % this week. Plus new applicants (and referrer) each get £50 bonus on application at present.
    PM me for details
This discussion has been closed.
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