investec high 5 account

G_M

You can opt for monthly or annual interest. See factsheet here. And referral thread here.

1socrates1

Does the rate change on a weekly basis?

MarkFromCornwall

1socrates1 wrote: »

Does the rate change on a weekly basis?

Yes. The current rate is shown in the red box here: http://www.investechigh5.co.uk/

Mark

stogiebear

Don't bother. Rubbish rate, massive minimum (25k) and 90 day notice loss of interest!

Plenty more MUCH BETTER savings options out there.

agsnu

stogiebear wrote: »

Don't bother. Rubbish rate, massive minimum (25k) and 90 day notice loss of interest!

Plenty more MUCH BETTER savings options out there.

It's 90 days notice or loss of interest. If you provide 90 days' notice, there is no loss of interest.

The rate is, by definition, not rubbish (since it's the average of the 5 best paying similar accounts).

What are these "much better" options?

Jonbvn

stogiebear wrote: »

Plenty more MUCH BETTER savings options out there.

NO THERE AREN'T!:rolleyes:

By definition this account is always in the top 5 of savings products. Given the tendency of most banks to play bait and switch, this savings account is excellent, provided you don't need instant access.

Of course, if you don't have the £25k available then look elsewhere.

Their customer service is excellent, and makes Citi, Abbey etc. look like muppets.

D1zzy

stogiebear wrote: »

Don't bother. Rubbish rate, massive minimum (25k) and 90 day notice loss of interest!

Plenty more MUCH BETTER savings options out there.

OK -Give us the"plenty" list of accounts that pay > 3.3% with 90 days or less notice -we'd all be interested :rolleyes:

G_M

Totally agree with D1zzy/ Jonbvn/Agsnu above. Love to hear about the much more much better rate accounts.

Plus of course it's not a 'bonus' account so no need to switch after a year when the bonus runs out.

(Yet it includes bonus accounts when calculating the average of the top 5).

You can only really beat this rate by either locking your cash away for much longer or switching regularly to use limited term bonuses.

NO loss of interest if you give notice, and you can even keep your cash on permenant notice in case you need it sooner than 90 days. After 85 days if you don't need it, just cancel the notice and give a new 90 day Notice!

1socrates1

Out of interest (no pun intended) if one had more money to invest, what are your views on a money market account versus this type of account?

G_M

1socrates1 wrote: »

Out of interest (no pun intended) if one had more money to invest, what are your views on a money market account versus this type of account?

I'd suggest you start a new thread as this is a whole new topic!