ITV1 savings makeover, or did you fix savings at 7% plus?

apt

Welshlassie wrote: »

Forgot i got the 10% Halifax reg saver in Feb as well, that matures next month so wondering where to put the matured amount.

All the Halifax 10% regular savers mature in July. If yours is maturing in February the rate is 7%. The starting post in this thread is rather naive as it makes a fetish of the headline rate of 7%. Other considerations - e.g. the stability of the bank, the length of the term, the ability to add or withdraw funds - can be more important than the headline rate. I do have some money in the AA 7.21% fix but regard the Egg 6.3% as a more valuable account to me because of its flexibility.

scott_little

I FIXED MY RATE WITH BARCLAYS (IN JULY)
IN A REGULAR SAVINGS ACOUNT FOR 1 YEAR AND GOT 7.75%
(AS LONG AS I DIDENT TAKE ANY OUT THAT MOUNTH):beer:

emma396

i opened a 6% one of those on Monday, not the best rate, but pretty decent given that theres not much above 5% out there at the mo

geoff_cole

Managed to fix with Britannia at 7.1% (matures Aug 2010) and quite a few in mid 6's.(nationwide 6.25, Skipton 6.5, Nat West 6.6, Yorkshire Bank 6.48) with maturity in 2010 and 11. (will help with 2009 issues and low rates)
Also had fixed rate isa's at 6.1 but won't get this in April although did recently change Tessa isa to secure 4% at Northern Rock.(was getting 1.5%)
Recently had to reinvest monies from two fixed rate bonds that matured in Jan (Leeds BS 6.25%) and (Abbey 7%) and had to settle for 5% x 12 months

Its certainly a lot harder to get a good return and certainly wouldn't touch the stock market at the moment. Only regret is not buying $'s.

trynsave

isofa wrote: »

Never really got regular savers, compounded it's still a much poorer rate than a good solid fixed rate. You are limited greatly by the monthly deposits, the headline 10% rates are there to grab people who aren't very good at maths

That's not really very fair! Not all of us have lump sums to deposit. For those of us who are trying to put aside a little out of each month's pay packet, regular savers are good things! The higher rate the better. I too have the Halifax 10% and the Barclays 7.75%

patrickbateman

trynsave wrote: »

That's not really very fair! Not all of us have lump sums to deposit. For those of us who are trying to put aside a little out of each month's pay packet, regular savers are good things! The higher rate the better. I too have the Halifax 10% and the Barclays 7.75%

I second this, regular savers are brilliant for new money. I save £500 a month out of my wages at 10% (before tax), where else can I "safely" get close to this return. The rest of my savings makes significantly less as a % return.

Redress

7.15% with Principality Building Society for three years in June 2008
7.76% with Kaupthing Edge for three years in August 2008 :eek:
6.85% with Kaupthing Edge for sixth months in September 2008
7.20% with ICICI for two years in October 2008

10% Halifax Regular Saver rate in June 2008
7.55% Barclays Regular Saver rate in October 2008
7.50% Britannia Building Society Regular Saver rate in January 2009 [renewed at the old rate as an existing customer]

betabraga

ardenhall wrote: »

These 10% fixed rate regular savings accounts are not quite as good as they sound.As you are not depositing a lump sum, over the 12 months your interest rate works out at about 4.5%p.a. Still not bad compared to todays rates.

I never done that, regular savers at 10% ( not really)
or 6 months at 10 % ( not really)

all percentage are calculate anual.
I normal where possible open in my daugther name and get the % net, I am allways the trustee, so i can have the funds when matures.

this good days are now over

keet83

I have a fixed current account with alliance n leicester at 8.5% (ends in August 2009), just transfered to a fixed ISA with julian hodge bank at 4.25% until january 2010, (a bit low but best I could get at this time) and have just started a barclays regular saver at 7.75%. And i will be getting my ICICI bond account, 6.78%, back in february. And i dont pay tax on any of this! :j
couldn't really get many other fixed accounts as i will soon be looking at buying a house, (if possible!):think:

Tibbledom

isofa wrote: »

Never really got regular savers, compounded it's still a much poorer rate than a good solid fixed rate. You are limited greatly by the monthly deposits, the headline 10% rates are there to grab people who aren't very good at maths

I've got a degree in mathematics (and subsequent qualifications in the mathematics of compound interest) and have regular savers with Halifax, Barclays, Principality and Abbey.

Either regular savers are a good idea for some people who understand the numbers or I have made a good job at blagging my qualifications