What were best interest rates before recession?

triplea35

6% Five Year ISA with Northern Rock, still 3 years to maturity.

D1zzy

Here's my list from November 2008 -some instant some fixed for 1 or 2 years

[FONT=&quot]
ING - esaver[/FONT]

[FONT=&quot]6.00%[/FONT]

[FONT=&quot]ALLIANCE(DIRECT SAVER)[/FONT]

[FONT=&quot]4.72%[/FONT]

[FONT=&quot]ALLIANCE (E-SAVER_[/FONT]

[FONT=&quot]5.97%[/FONT]

[FONT=&quot]Alliance-leicester e-saver issu 2[/FONT]

[FONT=&quot]6.30%[/FONT]

[FONT=&quot]LLOYDS[/FONT]

[FONT=&quot]5.00%[/FONT]

[FONT=&quot]LLOYDS (internet Saver)[/FONT]

[FONT=&quot]4.00%[/FONT]

[FONT=&quot]Halifax Web Saver[/FONT]

[FONT=&quot]3.76%[/FONT]

[FONT=&quot]Halifax Fixed Rate[/FONT]

[FONT=&quot]6.70%[/FONT]

[FONT=&quot]Principality B Soc[/FONT]

[FONT=&quot]6.40%[/FONT]

[FONT=&quot]SAINSBURYS[/FONT]

[FONT=&quot]5.50%[/FONT]

[FONT=&quot]B&B (INTERNETSAVER)[/FONT]

[FONT=&quot]6.10%[/FONT]

[FONT=&quot]B&B 1yr fixed [/FONT]

[FONT=&quot]6.40%[/FONT]

[FONT=&quot]ICE[/FONT]

[FONT=&quot]6.30%[/FONT]

[FONT=&quot]ICE (FIXED)[/FONT]

[FONT=&quot]6.70%[/FONT]

[FONT=&quot]COVENTRY (50+ esave)[/FONT]

[FONT=&quot]6.40%[/FONT]

[FONT=&quot]Coventry BS-Poppy Bond[/FONT]

[FONT=&quot]6.25%[/FONT]

[FONT=&quot]Saga (fixed)[/FONT]

[FONT=&quot]6.58%[/FONT]

[FONT=&quot]NS & I (fixed)[/FONT]

[FONT=&quot]6.44%[/FONT]

[FONT=&quot]Kaupthing Edge (ING)[/FONT]

[FONT=&quot]6.31%[/FONT]

[FONT=&quot]Kaupthing Edge fixed (ING)[/FONT]

[FONT=&quot]6.86%[/FONT]

[FONT=&quot]Nationwide (fixed) [/FONT]

[FONT=&quot]6.40%[/FONT]

[FONT=&quot]cahoot Loyalty savings[/FONT]

[FONT=&quot]5.00%[/FONT]

[FONT=&quot]ABBEY 50+[/FONT]

[FONT=&quot]5.10%[/FONT]

[FONT=&quot]Abbey instant access[/FONT]

[FONT=&quot]6.00%[/FONT]

[FONT=&quot]icici Highsave[/FONT]

[FONT=&quot]6.16%[/FONT]

[FONT=&quot]icici fixed[/FONT]

[FONT=&quot]7.00%[/FONT]

[FONT=&quot]natwest (e-saver)[/FONT]

[FONT=&quot]6.00%[/FONT]

[FONT=&quot]Anglo Irish[/FONT]

[FONT=&quot]7.05%[/FONT]

[FONT=&quot]Julian Hodge[/FONT]

[FONT=&quot]6.40%[/FONT]

[FONT=&quot]Tesco[/FONT]

[FONT=&quot]6.00%[/FONT]

LongTermLurker

mlc2009 wrote: »

As I never looked into them before recession and only now and I seeing the painfully low rates, what sort of interest rates were around when times were good?

6 - 8% on fixed term bonds, with 12% for the A&L regular saver iirc

I think I had an average of about 9 or 10% on my savings

mlc2009

wow, would love a 10 percent interest account. 100k, thats 10k a year interest only, would be nice

LongTermLurker

Mr_K wrote: »

The best one has to be Egg's 6.3% fixed rate for a year and instant access account. They were offering this after others were closing offers/rates were tumblings. Loads of us cashed in, the website was crashing in the last days before they pulled it. Opened one for myself & the Mrs, made thousands in interest on it last year. Happy times (except for someone at Egg who must have got sacked....);)

Yes, thanks to Yorkshireboy for promoting that one :beer::money::T

LongTermLurker

mlc2009 wrote: »

wow, would love a 10 percent interest account. 100k, thats 10k a year interest only, would be nice

mine was average - the really high interest was because of regular savers, where you could only save up to £250 or £500 (Halifax) a month - large deposits wouldn't attract that kind of interest.

DiggerUK

This thread is a trip down memory lane.
Don't forget, Northern Rock had queues outside it's doors and was headline news only 3 years ago.

Talking with Mrs.D., we remember that 6+% was about the going rate, as we reinvested our interest, then it meant we were growing by more than that.

Ah, the memories.
http://www.youtube.com/watch?v=vTKEnyClayw

opinions4u

I remember a 13.5% TESSA account in 1990!

Mikeyorks

I remember a 15% Mortgage repayment account in 1989 and 1990!

Do I remember it. Worst financial 18 months of my life.

YorkshireBoy

Mikeyorks wrote: »

I remember a 15% Mortgage repayment account in 1989 and 1990!

I started on 16% with YBS (or Huddersfield & Bradford as they were known then) in February 1982. If I hadn't taken an interest only/low cost endowment mortgage I could have shaved off another 0.5 percentage points and paid 'only' 15.5%.

Seem to remember 10-12% plus pay rises at the time though, so wasn't all bad news!