Savings Accounts: The Best Currently Available News!

buffman

Dear All

This thread has been set up by Special_Saver 2 solely to annouce the introduction or removal from sale of a savings account. A separate thread should be used to discuss in detail any of these announcements. Please see post '1' in this thread for further details. Thanks

gadgetmind

Apologies. Posts deleted.

innovate

MoneySaverLog wrote: »

Add to that £5 from the Halifax that's an additional £60 a year, and you have my plan. Not sure where you get a 3.2% feeder though.

Yeah, Halifax monthly fivers play a useful role in hoovering up every conceivable penny, lol. My 3.2 feeder is a Santander esaver from a bit earlier this year. Appreciate there's nothing like this around now - but would expect serious savers have some of their money in 3.2% (or better).

gadgetmind wrote: »

.... plus we also need to figure in the loss of interest involved in keeping the £25k in an instant access account as we drip feed it.

Sorry, I should have made that clear. I wasn't suggesting you should keep £25K (or £25K - £9.6K) in an instant access account. Assuming you would stick £9.6K into this dripfeed-malarky, the remaining £15.4K would e.g. go into UBL (3.25% for 1 year) - or already sit in an account that pays similar or a bit more.

I would be surprised if there wasn't still a financial advantage from sticking as much as possible into those top rate Regular Savers. And seeing that your wife does not pay tax, she would obviously make quite a bit more on the numbers in my example, plus she could probably exploit some more Reg Savers - there are a couple on 5% and 4%....i haven't done the non-tax-payer numbers, but wouldn't be terribly surprised if they paid more, bottom line, than the 1-year Cahoot bond.

Also, your wife not paying any tax suggests she doesn't work regularly, so she may be able to devote the odd hour here and there to the necessary administration of all those Regular Savers? The admin is pretty important since you could easily lose sight of some money - but it's not hard to keep track of things. I use an ancient copy of MS Money myself, but a simple spreadsheet, or even just a manual sketchbook, should be plenty.

gadgetmind wrote: »

.(Just seen your edit about feeder - best we can get is our 3.1% esaver)

Yes, appreciate not everyone is still on 3.2, but 3.1 is pretty close to my examples. You can work out yourself whether it would still be worth it for you.

May be I should change my sig to rabbit on about little acorns, lol, but I do actually believe in them

innovate

buffman wrote: »

Dear All

This thread has been set up by Special_Saver 2 solely to annouce the introduction or removal from sale of a savings account. A separate thread should be used to discuss in detail any of these announcements. Please see post '1' in this thread for further details. Thanks

Sorry Gov, I won't do it again

buffman

FirstSave's one year bond paying 3.45% has been withdrawn.

buffman

Shawbrook's two year bond paying 3.8% has been withdrawn.

alanq

Derbyshire NetSaver Issue 4 (3.06%) has been replaced by Issue 5.

2.90% variable inc 1.90% bonus until 31/01/2014.
http://www.thederbyshire.co.uk/savings/netsaver.aspx

alanq

Skipton My Savings Online accounts are no longer listed as available for new customers. They were paying 2.5%. The web site doesn't mention the accounts as current or closed issues. There is a similarly named branch/telephone account paying 2.25%.

Update: I just logged in and see that my existing online account is still paying 2.50%

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For those new to this thread, please see the guidelines in the first post: Savings Accounts: The Best Currently Available News! Post 1
This thread is intended to alert people to the appearance and impending disappearance of the best new accounts. If you wish to discuss the account details, then please do so in the separate thread about that account. The MSE team maintain a list of the best savings accounts on the following page: Best Savings Accounts

thumshie

Cahoot have withdrawn the 3.6% 1 yr Bond replacing it with a 3.25% issue - still min deposit of £25,000.

Santander have dropped the rate on esaver(issue 7) to 2.8%

innovate

Just in case anybody hasn't seen it yet (and yes I know it's not a savings account): Lloyds Vantage promotional 4% for a year, some pre-reqs must be met.

Latest in: https://forums.moneysavingexpert.com/discussion/4104719