Derbyshire regular saver interest rate cut

ReportInvestor

"Derbyshire Regular Saver Account pays 5%"

Shock horror :eek:

Where else are you getting 5%+?

Come on people. This is blatantly OTT IMHO. You are living in a Martin Lewis induced MSE dream world where you are "entitled" to 1% more than the base rate ad infinitum .

Deemy

ReportInvestor wrote:

"Derbyshire Regular Saver Account pays 5%"

Shock horror :eek:

Where else are you getting 5%+?

Come on people. This is blatantly OTT IMHO. You are living in a Martin Lewis induced MSE dream world where you are somehow "entitled" 1% more than the base rate ad infinitum .

Well let me see ... Hmmmm

halifax 7%,

A&L 10%

Barclays 10%

HSBC 8%

Ipswitch 6.75%

And about another TEN paying more than 5% !

So , yeh the derbyshire is now a crappy regular saver account.

Deemy

anticlaus105 wrote:

Guess I will stay with Derbyshire for now but drop deposits down to £20pm (have 2 reg savers). Will have to see what comes out between now and A+L rate drop.

flimmin truckers!

Thats what I'm doing .... not much point in keeping the account just let it drift and who knows many years down the road it may start paying a fair rate again.

mary

This one sometimes doesn't show up on the Regular Savers, as it is called a bond. However, it acts the same way, for a year and interest rate is 6%
and you can save £500 max. Last year I started this when the rate was 6.75%, but that is now closed and it's currently 6%

Principality Building society
Regular Saver Bond Issue 2

With bonus
Minimum investment £20 per calendar month;
Maximum investment £500 per calendar month 6.00%

Ted_Bloke

Stonk wrote:

... Cahoot 5.3% is closed...
So, much as I'd like to take a stand and withdraw all my money in protest, I don't think there's anything comparable I can do better with it so I would be shooting my own foot. I'll just drop the deposits down to £100 a month, I think.

I will have to do something like that too. Alack, woe is me, there was this thing going that was going to give an old rate on new money and you and me are the foolish virgins lacking in foresight who didn't get it!
(Here, you don't think by any chance Deemy and Mary who is heavy with money when they are come unto an inn will find no room, but they can bed down in a stable at 4.85%? (It was St. Joseph's Day yesterday y'know, 'xplains the tone.) I do hope we won't be woken up by any Wailing and Gnashing of Teeth.)

Oh dear, I came to this site hoping to find best savings rates instead of the crap I have. I found the crap I have is the best savings rates. In a way that makes me glad, in a way it doesn't.

Deemy

Ted_Bloke wrote:

I will have to do something like that too. Alack, woe is me, there was this thing going that was going to give an old rate on new money and you and me are the foolish virgins lacking in foresight who didn't get it!
(Here, you don't think by any chance Deemy and Mary who is heavy with money when they are come unto an inn will find no room, but they can bed down in a stable at 5.85%? (It was St. Joseph's Day yesterday y'know, 'xplains the tone.) I do hope we won't be woken up by any Wailing and Gnashing of Teeth.)

Oh dear, I came to this site hoping to find best savings rates instead of the crap I have. I found the crap I have is the best savings rates. In a way that makes me glad, in a way it doesn't.

Now who's talking crap

See posts 33 and 35 for some top paying REGULAR SAVERS

anticlaus105

TBH Any regular saver below £500pm deposit is too much hassel for me. I think most of the ones above require you need a current acc.

I have 2x derbyshire and cheshire 8%.

Just looked at http://www.ipswich-bs.co.uk/pages/savingsRegular.php

Good rate at 6.75% but max £50pm !!!!!!?
Target saver at 8.05% looks better. In fact whats the point of the Olympic save when target saver so much better. Am I missing something?

EDIT: Applications can only be accepted from the following postcode areas: CB, CM, CO, IP, NR and PE.

Oh well!

Deemy

your right, the Ipswitch looks not worth the hassel.

Some of the accounts such as the halifax continue automatically at each anniversary i.e. the money goes to the websaver and the account starts afresh.

mary

Just looked on the Cheshire site, can't see anything 8%, what's the name of the account?

Ted_Bloke

Deemy wrote:

Now who's talking crap

See posts 33 and 35 for some top paying REGULAR SAVERS

Yes these posts arrived whilst I was composing mine.
I would be more pleased than not if it proves I am talking crap.

for me same as anticlaus

anticlaus105 wrote:

TBH Any regular saver below £500pm deposit is too much hassel for me

.
Now there is something to follow up. I hope but wonder whether Mary can really unload her £30k into these bits an peices. £250p.m. here, £250 there... I've already got some, Principality, HSBC, H'fax. Course you then have to follow and redispose these things when they come to maturity, there's a SKEIN of threads on hassles of that. For AL and Barclay's you'd have to follow them to be sure there's not too much money in them. Cheshire I sent off forms to last year and never got an answer. Ipswich (I like Ipswitch!) £50p.m. c'mon!
Now if you tell me about this other ten...?