How much can you save?

Rose_Crow

Call me pessimistic, but I can't bring myself to move the money around at the moment. They all end up lowering their rates anyway. I have an instant access account as well as my ISA. So far since last year I have been with Sainsburys (rate dropped), Tesco (complete nightmare) and now YBS who have just lowered their interest 3.25-2.75%.

I have stuck with Egg for a year and a half and although their rates have dropped gradually it's not been too dramatic and it's such an easy account to access. The messing around with instant access savings I can deal with (for the sake of a better rate), but I can't really be doing with transfering ISAs to chase falling rates.

Saver-Rob

grn.w.nv wrote: »

Call me pessimistic, but I can't bring myself to move the money around at the moment. They all end up lowering their rates anyway. I have an instant access account as well as my ISA. So far since last year I have been with Sainsburys (rate dropped), Tesco (complete nightmare) and now YBS who have just lowered their interest 3.25-2.75%.

I have stuck with Egg for a year and a half and although their rates have dropped gradually it's not been too dramatic and it's such an easy account to access. The messing around with instant access savings I can deal with (for the sake of a better rate), but I can't really be doing with transfering ISAs to chase falling rates.

I agree. Money that has not been fixed I now just keep in one easy access account which does not pay well anymore, but where does? I am still getting a small return on it monthly but will have to wait until my ISA and fixed rate accounts start to pay out before I have any faith in making money through my savings again.

rb10

grn.w.nv wrote: »

Call me pessimistic, but I can't bring myself to move the money around at the moment. They all end up lowering their rates anyway. I have an instant access account as well as my ISA. So far since last year I have been with Sainsburys (rate dropped), Tesco (complete nightmare) and now YBS who have just lowered their interest 3.25-2.75%.

I have stuck with Egg for a year and a half and although their rates have dropped gradually it's not been too dramatic and it's such an easy account to access. The messing around with instant access savings I can deal with (for the sake of a better rate), but I can't really be doing with transfering ISAs to chase falling rates.

This is why I like accounts like Halifax's Guaranteed Saver Reward (I still have one from last year at 6.25%, and I can add to it whenever I like and make one withdrawal) or ISA Direct Reward, or, when they are doing a decent one (like the one from last November, which is fixed at 5% for a year, with unlimited deposits and four withdrawals allowed) Web Saver Reward.

McSaver

Also can I ask where everyone has their isa's at the moment. I have mine with ING and i don't think I could think of a worse place to have it

Alliance & Leicester which is 3% which will go down to 2.5% and it has a rate of base rate + 1.5% until early next year. Transfered in from Icesave as a short term place to park the ISA until a half decent offer comes along.

Payday on friday so another monthly savings report will be due for you all!

Rose_Crow

Ah well, that's another savings account on the list. I know I said I wasn't going to chase rates, but Egg are offering 3.35% on their savings account and since I already have an ISA with them it only took 5-10 minutes to set the account up.

Saver-Rob

As previously mentioned, I no longer chase rates or check rates. My big sums are fixed now so I am not worrying about it all since I have started the hunt for our first house.

I am very much looking forward to payday tomorrow and updating the signaure!!

cocalls

wow saver-rob those savings are amazing im in awe!

Saver-Rob

cocalls wrote: »

wow saver-rob those savings are amazing im in awe!

Thanks for the post. I have just received my payslip so can now update my signaure as it goes in at midnight tonight. How am I ever going to be able to bring myself to spend it?!

Castleman

Saver-Rob wrote: »

How am I ever going to be able to bring myself to spend it?!

By realising that there's more to life than just savings sitting in a bank?

:beer:

Having said that, we've just got past a decent target we set ourselves, and thats with a great holiday this month too!

Saver-Rob

Castleman wrote: »

By realising that there's more to life than just savings sitting in a bank?

That will come with the first house and the bank account being wiped out!