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

bob_a_builder

, and a further £500 a month into Yorkshire BS reg saver (issue 1) @3.75.

now on issue 2, max = £250 /month to qualify for 3.0%
link
or am I reading that wrong

dave0000

borosteve wrote: »

I'm currently getting a whopping 64% from a Mister Nkwomo in Nigeria!


this is a SCAM its impossible to get 64%

agsnu

dave0000 wrote: »

borosteve wrote: »

I'm currently getting a whopping 64% from a Mister Nkwomo in Nigeria!

this is a SCAM its impossible to get 64%

I think borosteve might have been being funny.

Aegis

agsnu wrote: »

I think borosteve might have been being funny.

There's a distinct possibility!

borosteve_2

dave0000 wrote: »

borosteve wrote: »

I'm currently getting a whopping 64% from a Mister Nkwomo in Nigeria!


this is a SCAM its impossible to get 64%

Thanks Dave but it was meant tongue in cheek, saying that people DO fall for these scams and I realise you meant well. I guess if no-one did fall for them they wouldn't do it.

ray123

I must be the winner!!!!

I have a 1p balance in my halifax account, bounce 1k in and out (it stays in the account for a minute), and at the end of each month, i receive a bonus of 5 pound (6 pound 25p gross)!

bagsacash

1. Branches cost money to maintain.
2. Call centres cost money to maintain.
3. Web sites cost money to maintain.
4. Staff tend to appreciate being paid a wage.
5. Marketing accounts costs money.
6. Incentivised pricing to attract new business (e.g. 0% credit card rates) have to be priced in.
7. Typical mark up on a mortgage is traditionally 2% more than a savings account will pay. While personal loans and credit cards carry higher rates, point 8 explains why.
8. On top of that, banks need to price in the risk of default - if your margin is only 2% and 3% of your loans don't get repaid, then you go bust.
9. Shareholders tend to like to see a dividend and a share price that increases.


Wonderful, totally fogets that joe public has bills to pay as well. Wonder if shareholders would keep their capital in banking shares if banks said "sorry we cant pay a dividend this year we have bills to pay" - oh we already know the answer, hence the bank shares are on the floor.

Pitty savers weren't like share holders.

dave0000

ray123 wrote: »

I must be the winner!!!!

I have a 1p balance in my halifax account, bounce 1k in and out (it stays in the account for a minute), and at the end of each month, i receive a bonus of 5 pound (6 pound 25p gross)!

is ent interest worked out by the balance you have at the end of every day not if you have 1000 in some time through the month (or for 1 minute a month)

ray123

Halifax Reward Current Account

Wouldn't it be nice if your bank thanked you properly for your custom? Our new Reward Current Account does just that – rewarding you with £5 each month.

• Get £5 each month when you pay £1,000 into your bank account.

The money does not have to stay there, only pass through!

Any

Imposter67 wrote: »

Not specifically related but I borrowed a large sum of money off of my partner's family last April.

I am not paying it back after investing it all in Kaupthing (I got it out in time but with no interest) and have now earned an average of 2% interest for 5 months.

What do you think would be a fair return for their money over the 12 months, bearing in mind what has happened to savings rates? I am thinking that 3% would be ok but I do not want them grumbling about it.

Any advice really appreciated.

Last April they could have invested the money into Halifax saving account @10%.

Why did you not agree the rate when you borrowed the money. This is a recipe for fall out with the family.

I borrowed money from my sister and we've sorted all this on the beginning. We both agreed that to pay her at the best loan rate currently on the market is good enough for both of us - she can earn slightly more than she would in the bank and I get the best rate going which I probably wouldn't get from the bank...