How much can you save?

gelato_cat

I had an ISA with Egg - is this the one that was 6.30% and then went down to 6.05%? I got mine in 2007... never again!!! Setting it up was fine, but transferring out was an absolute nightmare. Shame, as I like Egg otherwise!

Just had a look at their other accounts and the rates are pitiful so I think I'll be steering clear of them!

Re ISA rates, I have a fixed one at the moment - it's not available now, but I'm sure there are still some fixed deals out there?

Suze

grn.w.nv wrote: »

Just noticed Egg's rate change I'm with Lucy, going to stick with them for a bit - I've become 'used' to them and like being able to access the aacount online. Going to save myself the hassle and see if the rates pick up (although it doesn't sound like the base rate will be helping any time soon). With most ISAs tracking the base rate, if I change to one of the better paying ones, what's to stop them lowering their interest rate?

LucyTheDwarf

thriftylass wrote: »

According to http://www.statistics.gov.uk/cci/nugget.asp?id=285 the average UK salary is 479 per week with the top 10% earning more than 946 and the bottom 10% earning less than 262 pounds/week. I would be below average then although I alone are in the 8th decile group. But I guess average salary doesn't mean the same as what the majority of UK employees earn, because that would be 200 pounds according to that graph on the IFS website.

Hmm. Perhaps we "scored" high as there are 4 of us working. Generally, it probably means 2 adult households, I'd guess, hence our joint incomes would be fairly high if it was only 1 or 2 wage earners.

thriftylass

LucyTheDwarf wrote: »

Hmm. Perhaps we "scored" high as there are 4 of us working. Generally, it probably means 2 adult households, I'd guess, hence our joint incomes would be fairly high if it was only 1 or 2 wage earners.

You're right, I guess the numbers like average income of 476/week make more sense if they consider it per average household of 2 earners because obviously it's not very believable that the average salary per person is 35k.

McSaver

Just got my FSCS/Icesave compensation E-mail and Initated to recieve compensation. Now I can look at the best rate tables to se where I can place my money when I get it some time next week. Its nice knowing once again I am going to be paid Interest on my money! :A

JAMIEDODGER

i opened a abbey regular saver this week:) hoping to move this into next years isa once its finished and interest has been added.

am now looking for another savings account, any suggestions? i dont mind tying my money up for a year in another fixed rate regular saver.

JimLad

Just saved my £500 for november! But i just noticed my interest rate has gone down to 4.7%

Lokolo

Yeh lame for moi.

Egg ISA down.
Barclays ISA down.
Egg Savings down,

URGH.

And had a huuuge long day working at open day and still haven't had Dominos in like a month. However my gf paid me back for her phone bills + for the rest of her contract which I had already budgeted for, which means I have some extra money spare, but even so!

LucyTheDwarf

I just got 40p interest!!! FORTY PENCE!!!

Okay, it's in a rubbish account, at only 1.25% or something, and it's only there temporarily til I get a card reader from Natwest, but still 40p is pathetic.

I think banks need to join my round numbers OCD club. They should round UP all interest to the nearest £5

briona

LucyTheDwarf wrote: »

I just got 40p interest!!! FORTY PENCE!!!

Okay, it's in a rubbish account, at only 1.25% or something, and it's only there temporarily til I get a card reader from Natwest, but still 40p is pathetic.

I think banks need to join my round numbers OCD club. They should round UP all interest to the nearest £5

LOL! And I thought my 50p interest was bad!

As for the round numbers OCD club, consider me a member! I've just rounded up my interest to the nearest £10 – I'm tidying up messy numbers and hopefully my savings will a grow a bit quicker too!

LucyTheDwarf

I'm being hit by my money being in transit a lot this month. Still, my ISA should pay out an okay amount at the end of the month, as I've added a thousand to it.. which should counteract the rate fall.