Where do we go post Aug 1st when Ing's 6% fades?

mary

Anyone got any grand designs, where they are parking their nest eggs?

rrockettman

I'll be putting my lump back into ICICI @ 5.15%. I'm also putting £250 a month into the Lloyds TSB 8% regular saver out of it.

hansi

Birmingham Midshires Online Saver 4.95% (for a year, at least)

alared

http://www.mhbs.co.uk/asp/article.asp?sectionid=43&articleid=1405

at 4.75%

mary

I had opened First Direct. By the time the paper work came through the rate dropped from 5% to 4.75? So instead I opened the Birmingham Midshires and was about to transferr my money, but luckily, at the same
time Ing appeared with its 6%. At the beginning of August, unless there's a better offer on the table, I will probably go back to BM. Anyone found any problems with using it so far?

Dagobert

Back to Coventry First - 5.1%.

The only snag is that this account cannot be set up as a linked account for ING and therefore the money needs to be routed via a cheque book account. Ideally, you want to use a bank which does BACS transfers in 2 days so will "only" lose 4 days of interest all in all. (Transfer on Monday 31st July to arrive on Friday 4th August.)

For more information, see Coventry First - operating the account.

Victors_Bruvver

Just a point on the INGDirects promotion rate of 6%: I some what stupidly did not read the T&C's in either the mailing or their online newsletter and lost my chance to get that little extra on my proceeds of my house sale.

Briefly all I did was to "open” within my existing INGDirect account a separate “account” for the house sale money to be retransferred into because I thought best to keep it separate for bank transfers etc when I bought another property.

Thought better on the idea a few days later and asked INGDirect to close this “account” after I had moved the money back into the original account.

Was just a I am finishing the phone call I suddenly thought to ask about the promotion rate to be told that I would not get it now because I had transferred the money out of the account; I would on the few days it was in but not from now on.

Lesson for us all; read the small print!

magpiejay

Bradford and Bigleys eSaver instant access at 4.85% AER aint bad. http://www.bradford-bingley.co.uk/savingsandinvestments/esavings.asp

deary65

Does any one have any experiences of this institution, looks fine!
http://www.rufflerbank.co.uk/savings/notice_deposits.php

Miss_Penny_Pincher_2

mary wrote:

I had opened First Direct. By the time the paper work came through the rate dropped from 5% to 4.75? So instead I opened the Birmingham Midshires and was about to transferr my money, but luckily, at the same
time Ing appeared with its 6%. At the beginning of August, unless there's a better offer on the table, I will probably go back to BM. Anyone found any problems with using it so far?

Also I was told by First Direct that the 4.75% e-savings account doesn't pay you interest on any month that you withdraw (similar to the HSBC 4.75% online saver!).

Limes

Don't you all think it's a little too early to speculate? Offer still lasts another 3 weeks. I would suggest waiting a bit closer to the time and see what they do. They are probably more than well aware of the fact that a lot of money might be moving out at the end of their offer. I bet there's something in the pipeline. . .

Miss Penny Pincher, you are right about First Direct's account.

Deary65, Ruffler doesn't have an instant access type account so any money would more than likely be tied up for a fixed period - not a problem if you're not needing to access the funds.