Why icici or Icesave when you can have.....

sunshowers

After ICICI and Icesave, what are the best instant access accounts around? (for people under 50! ...I'm 19)

Hanxx

losgiganteskid wrote:

Actually, when you start looking around there are quite a few accounts that are age related.

I think the new age regs cover goods and services. Someone is bound to try it on!

Hanxx

sunshowers wrote:

After ICICI and Icesave, what are the best instant access accounts around? (for people under 50! ...I'm 19)

It depends how much you have to save. In the '£1 and up' club CitiBanks Flexible Saver (Issue 2) account pays 5.29%. I'm not sure what the service is like though.

Bear in mind that some banks will be increasing their interest rates shortly too.

si1503

Totally valid point. Why save with overseas banks when some of the UK lot are offering just as good (if not better) accounts and terms.

ManAtHome

And if history is any guide, NR will be reducing theirs... I know they have a "BoE linked guarantee", but that would currently allow them to reduce their rate (as they have done many many times before).

Froglet

Oh dear,Man at home,i thought i was on to a winner with this account.I am very impressed with their efficiency,but i will soon move it if they reduce their rate.

Surely there can't be many people now who would let their accounts languish if they mess people about, it is so easy to move money these days.Mine is in there until next April when we can fill up our Isas again.So it serves a purpose for the moment.

I have never used Northern Rock before,didn't know their past history.Maybe they will reform!!:rolleyes:

whambamboo

si1503 wrote:

Totally valid point. Why save with overseas banks when some of the UK lot are offering just as good (if not better) accounts and terms.

For the sake of 0.01%, Icebank is much better on its guarantee

The gross Annual Equivalent Rate of Interest (AER²) paid on all amounts is guaranteed to exceed the Bank of England Base Rate³ by at least 0.25% until 1 October 2009 and thereafter not to be lower than the Bank of England Base Rate until 1 October 2011.

versus

What's more, the interest rate is variable and the Annual Equivalent Rate (AER) is guaranteed to be no lower than the UK Bank Base Rate until 31 January 2010. The interest rate will be reviewed and adjusted, if necessary, to comply with the interest rate guarantee within one month of a UK Bank Base Rate change. What this means is that following any UK Bank Base Rate change announcement, the interest rate on your account may be changed and that any such changed interest rate will be applied and take effect on your Account within one month of the announcement.

We will notify customers at least six months in advance of any change to the guarantee, if the change is to their disadvantage.

Limes

si1503 wrote:

Totally valid point. Why save with overseas banks when some of the UK lot are offering just as good (if not better) accounts and terms.

You're seriously not referring to the point made in the comment before yours about Citibank being one of the "UK lot" are you?!?!?!

losgiganteskid

I had a choice of icici or icesave or NR - having a querie with icici I telephoned them (in India) I had problems making myself understood to the Indian gent and similarly he had problems understanding exactly what my query was, all in all a most unsatisfactory situation and one I would not feel very comfortable with had I have deposited a very substantial amount of dosh, feel much happier with NR, actually a few years ago I held an account with them (and a mortgate I recall at one stage) and they were spot on in all their dealing, and recall receiving some dosh when they became a bank rather than a b/s

Riviera_Kid

Riviera_Kid wrote:

Do you work for Northern Rock or something?

losgiganteskid wrote:

Errrrrrrrrrrr...no I don't work for "NR or something" so your wrong on both counts, can't someone recommend something without there being a suggestion of favouritism for the company one works for. If you must know I don't work for anyone

It's just the way you put down other "iffy" top foreign banks and say "good old NR" that made it sound a bit over-the-top. But anyway it was meant as a joke as signified by the smilie on the end. Apoligies if the comment failed to come across that way