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Afahmaep

As an avid Credit Card 'tart', (20 valid cards) and a Savings 'tart', 21 Regular Saving Accounts paying 6.25% (or above) is my tarting going too far.
On my desk are leaflets for Beverley BS (5.80%) Saffron BS (5.60%) and Chelsea BS (5.45%).
Do you think I should try to make a 'deposit' into all of them.
1. Not at all
2. One at a time
3. At the same time

mary

Well I have 4 Credit Cards on the go, slowed down quite a bit once the fees were introduced, but still ticking over. Have 15 Regular Savers, but nothing below 6%.

To answer your query, I wouldn't bother with anything below 6% now that rates are on the up. Where do you keep your holding account and what rate do you get for it? Mine is in Coventry First and now Ing, both at 5.65% - not worth tying up money for a 12 month period at 5.45% when you can better out there in an every day account and rates are likely to rise again sometime this year.

Afahmaep

The Building Societies are 'Girl's Names'.

Cannon_Fodder

1.

Never drop below what can be made on the highest "proper" savings account. i.e. 5.8% at A&L if you've £5000 spread around you could accumulate, or 5.7% at Icesave, if less.

Point is to make the most interest...but half 5.7% (Icesave drip-feed out) plus half 5.45% (Chelsea drip-feed in) is 5.575% at best, less with transfer delays etc...whats the point when you could leave it in Icesave for 5.7%...?

Probably, as Mary says, don't drop below 6%, as you need to make up for the money transfer delays and rates are rising....

IMHO.

Debt_Free_Chick

Afahmaep wrote:

As an avid Credit Card 'tart', (20 valid cards) and a Savings 'tart', 21 Regular Saving Accounts paying 6.25% (or above)

Care to share some of them with us - the savings accounts, that is

tom188

The top 19 on moneyfacts now pay 6% or above.

mary

Barclays 10%
Ipswich 8.25%
Lloyds 8%
Leek 7.5%
Britannia 7.5%
Chorley 7.25%
Ipswich Target 2 7.25%
Halifax 7%
Stroud & Swindon 7%
Abbey 7%
Yorkshire 7%
Principality 6.5%
Leek 6%
Principality 6% x 2

Afahmaep

CLOSED means CLOSED TO NEW INVESTORS
I think I've got the increased rates correct on all the Variable Rates
7 out of the 21 are no longer available
Ipswich Target 3 (6.90%) should be added by end of next week

1. Ipswich Target 1 8.45% VARIABLE CLOSED
2. Portman ISA 8.00% FIXED (A Big Mistake!)
3. HSBC Reg Saver 2 8.00 % FIXED
4. Lloyds Reg Saver 8.00% FIXED
5. Leek 7.50% FIXED
6. Britannia 7.50% FIXED CLOSED
7. Ipswich Target 2 7.35% VARIABLE CLOSED
8. Chorley (Rovers) 7.25% FIXED
9. Skipton XMAS 7.05% VARIABLE
10. Abbey RS 4 7.00% FIXED CLOSED
11. Halifax 7.00% FIXED
12. Yorkshire 7.00% VARIABLE
13. Abbey RS 6 7.00% FIXED
14. Stroud & Swindon 7.00% FIXED CLOSED
15. Principality 6.50% FIXED
16. Scarborough 6.30% VARIABLE
17. Nationwide 6.25% FIXED
18. Yorkshire (3 years) 6.25% VARIABLE CLOSED
19. Monmouthshire 6.25% VARIABLE
20. Bath 6.25% VARIABLE
21. Cheshire RS 3 6.25% VARIABLE CLOSED (6.25% 01/03/07)