Update! Santander First Home Saver Account: 5% on up to 50k savings (up to 35 only)

coxyboi

i found this helped when checking my intrrest just pretend the $ are £s (i not great at maths)


http://www.calculator.net/interest-calculator.html?cstartingprinciple=37000&cannualaddition=0&cmonthlyaddition=100&cadditionat1=beginning&cinterestrate=5&ccompound=continuously&cyears=1&ctaxtrate=20&cinflationrate=0&x=61&y=11

coxyboi

oh and yess you deff got the 5% on it all including over payments, minus the default months,

well untill it was dropped to 3% any way,

Moneygrabber24

Just taken out the 45k out of this account and put it all in a 9% account!
The 5% on this account was great while it lasted....

Honkycat

What 9% account??

poppy3

9% Account???

gadgetmind

I know a few 0.9% accounts.:D

I also know of a few investments that are yielding 9%+ but let's just say that they are a trifle riskier than bank deposits.

Even short dated Cyprus sovereign bonds are yielding less than 10%!

Moneygrabber24

Lol, sorry all....shud have mentioned it's a foreign fixed deposit bank accnt. giving 9% on any amount deposited. Thankfully it wasn't anywhere in the Eurozone and certainly not a Cypriot Bank

blinko

Moneygrabber24 wrote: »

Lol, sorry all....shud have mentioned it's a foreign fixed deposit bank accnt. giving 9% on any amount deposited. Thankfully it wasn't anywhere in the Eurozone and certainly not a Cypriot Bank

Don't forget to mitigate your FX risk ?

gadgetmind

Moneygrabber24 wrote: »

it's a foreign fixed deposit bank accnt. giving 9% on any amount deposited.

That's OK as long as it's not one of those currencies where they keep having to drop a couple of zeros off the end every few years!

Moneygrabber24

Yep thanks guys, have taken all that into consideration. Only risk is currency conversion back to pounds sterling after the deposit has matured. Worth the risk with the measley rates were getting here in England though in my mind....