Newcastlenet Savings Issue 4, what else similar?

tomstickland

I've put a load of savings into the A&L Online Savers Iss2 (5.15% AER with bonus). It's a yearly payer. I also want a monthly payer account and according the MSE article Newcastle BS isse 2 is a good one. Instant access and pays 4.85% AER on the monthly option.
Seems pretty good to me.

I have considered the First Direct Esavers, 5%, but no interest if withdrawl made that month. I've got an ICICI HiSave account too.

ffacoffipawb

tomstickland wrote:

I've put a load of savings into the A&L Online Savers Iss2 (5.15% AER with bonus). It's a yearly payer. I also want a monthly payer account and according the MSE article Newcastle BS isse 2 is a good one. Instant access and pays 4.85% AER on the monthly option.
Seems pretty good to me.

I have considered the First Direct Esavers, 5%, but no interest if withdrawl made that month. I've got an ICICI HiSave account too.

Cahhoot now pays 4.85% on new savings accounts, interest can be paid monthly.

https://www.cahoot.com

Mr_Mumble

Bradford & Bingley esavings 2 also pays 4.85% AER with a monthly interest option but the minimum deposit is £1000.

I'd say Cahoot over Newcastle for one simple reason, the Cahoot rate is likely to stay higher, longer.

Newcastle have a tendency to drop interest rates when the current issue becomes an old one, like A+L. For monthly interest the first three issues are now paying a maximum of 4.07% AER / 4.00% gross:

http://online.newcastle.co.uk/invest/summary.htm#new

Cahoot have only just started their flat-rate 4.85% account so barring BoE changes its unlikely that rate will decline for a while.

tomstickland

What's people's opinions on Icici at the moment? I've got £1600 sat in a HiSave account, but I'm a bit of wary of them.

Chris2000

Mr_Mumble wrote:

Cahoot have only just started their flat-rate 4.85% account so barring BoE changes its unlikely that rate will decline for a while.

The new 4.85% cahoot savings account is actually the same account they've had since launch. They were offering the 'bonus savings account' for the last few months, but now they've gone back to promoting their standard savings account. It has consistently paid a competitive interest rate.

tomstickland

I've applied for one of those too.

duputydugg

Cahoot Savings is also £25 cashback via Quidco, which is probably worthwhile for the sake of .05% interest difference.