whats the highest % you have ever been paid for your savings in your life

alared

Bonbon wrote: »

I can't remember exactly, but I received 12% or 14% in the early 1990's from Nationwide building society. It sounds great but my mortgage rate was about that as well.

Great days

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wish they were back:T

But then you wouldn`t have a £90k house costing £180k, like now.:mad:

ChuckCash

dunstonh wrote: »

The thing you are fogetting is costs and the increase in failed or failing loans and the fact interest rates are so much lower and that the banks have to find ways to improve their capital adequacy. The difference on 2% to 3% is 50%. A difference of 1% to 2% is 100%.

I agree with your posting, but wouldn't it be nice if the bank costs due to failed loans were recouped by increasing lending rates rather than lowering savings rates?

opinions4u

ChuckCash wrote: »

I agree with your posting, but wouldn't it be nice if the bank costs due to failed loans were recouped by increasing lending rates rather than lowering savings rates?

If you measure the differential of savings rates against the Bank of England base rate, this is exactly what's happened.

Deleriad

I currently have a 10% fixed rate for my HBOS Regular Saver, opened it July last year and been able to save £500 per month into it. Rather nice lump sum due in a few months.

Also have my Barclays regular saver at a fixed rate of 7.75% which will last until September.

alared

Deleriad wrote: »

I currently have a 10% fixed rate for my HBOS Regular Saver, opened it July last year and been able to save £500 per month into it. Rather nice lump sum due in a few months.

Your nice lump sum will be around £347 :T:T:T

The_Pedant

Highest interest rate I've had was about 11% or 12% on the old Post Office/NS&I investment account.

I've made use in recent years of both the Barclays (few years ago) and HBOS 10% offers though :T

G_M

i dont get this The difference on 2% to 3% is 50%. A difference of 1% to 2% is 100% what does that mean 1 to 2% is 100% and a higher difference 2 or 3% is 50%

Most local authorities run evening classes in basic mathmatics - a good starting point to understanding the fundamentals of savings, investments, loans, %s etc.

whats the highest % you have ever been paid for your savings in your life mine is only 3.55% natwest isa plus but i have only had 2 savings accounts and only been saving for about 6 months the other pays 1.10% befor tax if i can only earn 3.55% how come the banks can earn 10 or 15% on lending my money out i think if they lend it out at 10% they should pay me 6.45% and they earn the 3.55% because its my money do you agree

They also often do literacy classes to help with punctuation.

terafarma

Halifax (HBOS) 10% Regular saver opened last year due to mature 26th June 2009. First Direct Regular saver 7% Fixed rate ISA, opened 14th April 2009. Nationwide 2 years FRISA 6.15% due to mature April 2010. Principality 1 year Regular saver 6.0% opened Jan 2009. Barclays 1year Fixed rate Regular saver 6.0%.

The trick is to shop around, use moneysavingexpert's wise counsel, use financial comparison websites, bear no loyalty to financial companies/products. Only chose what will be in your own best interest over loyalty which, in this day and age does not mean anything to banks, building societies and financial product providers.

It will also do you a whole lot of good to keep both your eyes and ears open and be prepared to move your money from poor performing accounts. Apathy from customers is what banks and financial product providers rely on when poor performing accounts are not given the same amount of publicity as their top notch accounts and products.

Learn to be more financially savvy with your hard earned money by keeping watch and being on guard to changes in interest rates and all. It costs nothing to be watchful, but not obsessively though.

It's really easy and simple to earn higher and better interest rates, bar gambling on the stock market if only you shop around.

Timing is also a very important ally as well.

All the best.

dave0000

G_M wrote: »

Most local authorities run evening classes in basic mathmatics - a good starting point to understanding the fundamentals of savings, investments, loans, %s etc.



They also often do literacy classes to help with punctuation.

what does that have to do with the questions how do i report this can
someone send me a message on how to report this post your BLOCKED

terafarma

G_M wrote: »

Most local authorities run evening classes in basic mathmatics - a good starting point to understanding the fundamentals of savings, investments, loans, %s etc.



They also often do literacy classes to help with punctuation.

Ouch, this is hitting below the belt. Not fair at all.

The Queen's language might not be his/her mother tongue/language. Learn to be more accommodating of other people's shortcomings.

terafarma.