Demise of the last 7%er...

joyfull

Old_Slaphead wrote: »

Northern Rock 7% - Sept 2013

Unfortunately I didn't have time to put much in

2013! Wow, impressive. Crystal ball, intuition or some kind of financial know how?

RayWolfe

Old_Slaphead wrote: »

Northern Rock 7% - Sept 2013

Congratulations!
Great skill shown ... or jammy bu**er!

Old_Slaphead

RayWolfe wrote: »

Congratulations!
Great skill shown ... or jammy bu**er!

Somewhere in between. I recognised that it was a good rate but just couldn't get my hands on much cash.
I did pootle down to branch with a biggish chq on (unknown to me) the morning after they closed the offer but they wouldn't accept my deposit.
T'was just after all the panic in Sept 2008 when gov't (aka taxpayer) were guaranteeing deposits.

5 years @ 7% - guess we won't see that again for ages.

I don't win 'em all - bought BP north of £5 !!

D1zzy

RayWolfe wrote: »

No, but if we hold another contest for the 6 percenters, I may be in with a chance.

Go on then - 6%ers..

None for me -I'm now down to 5% s

(congrats to Slaphead 7% winner :beer:)

RayWolfe

Oh no! Now you've made me very unhappy because, when I look it's a NWide ISA at 6.15%. So far, so good. But it ends October 11. I thought it was much longer.
Think I'm out of the big boys league here ... <hides under nearest rock> <well at least it's cool here!>

Primrose

Oh for the joys of hindsight! . If I'd known at the time that the financial compensation payout for Icesave would have gone so smoothly, I might have been tempted to have shoved a little more money into one of their 3 year bonds at what now seems a ridiculously high interest rate. Or would I.........?
I suspect it will be a long time before we see those kinds of rates again.

Essex123

My last 7%'er is Fixed Rate Bond, Issue 313 with Northern Rock which runs to 1st August 2013. Unfortunately I only have a couple of K in it.

If we go down to 6%+ accounts, I still have 7 with a more substantial combined balance:

West Bromwich BS - Birthday Bonus 160 Account - 6% - matures July 2010
Leeds BS - 3 Year Fixed Rate Postal Bond, Issue 5 - 6.7% - matures August 2010
Buckinghamshire BS - Chiltern Gold Mine (Issue 1) - 6.25% - matures September 2010
Halifax - Fixed Rate ISA - 6.1% - matures June 2011
Santander (ex-B&B) - 3 Year Fixed Term eBond, Issue 34 - 6.75% - matures September 2011
Halifax - Fixed Rate ISA - 6.2% - matures April 2012
Halifax - Fixed Rate ISA - 6.2% - matures May 2012

RayWolfe

The boy dun good!

D1zzy

RayWolfe wrote: »

The boy dun good!

:beer:

Needs more medals - should be advising the rest of us !

Essex123

:money:thanks!

The not so good news is that my 6 & 7% accounts are only a smallish part of my cash savings. Across all my cash, the average rate is down to 3.82% currently, having seen a lot of good fixes drop off in the last 6 months and struggling to invest new cash at a decent rate.

I have a spreadsheet which I use to take an intra-month snap of my average cash interest rate. Its dropped off a cliff in the last 12 months, but is now stabilising:

Jul 09 - 5.26%
Aug 09 - 5.22%
Sep 09 - 5.17%
Oct 09 - 5.18%
Nov 09 - 5.00%
Dec 09 - 4.05% (loss of Halifax Guaranteed Saver Reward @ 6%)
Jan 10 - 3.97%
Feb 10 - 3.89%
Mar 10 - 3.94%
Apr 10 - 3.88%
May 10 - 3.83%
Jun 10 - 3.81%