Savings Accounts: The Best Currently Available News!

fiesta04

Coventry Poppy 3.25% is being WITHDRAWN at close of business tonight.

F4

Ken68

fiesta04 wrote: »

Coventry Poppy 3.25% is being WITHDRAWN at close of business tonight.

F4

AARRgh,,,though should be OK if applied on line for form to be sent.

buffman

Whatever happened to this thread? With saving rates on the floor, this thread is more important than ever.

talexuser

buffman wrote: »

Whatever happened to this thread? With saving rates on the floor, this thread is more important than ever.

The current rates are so poor we are all sitting at home seething!

Only a few weeks ago I opened a 2.5% easy access, thinking how poor that was compared to my 3%+ bonus still running accounts - you can't even get that now!

Gromitt

Indeed, 2.25% seems to be about the norm now, and I remember earlier in the year that I refused to open a 2.75% account thinking the interest rate was too low to bother with!

Middle of Jan I need to find a new home for 24K of cash due to a 4% offer expiring. Might put it in one of my Halifax 2.8% accounts, but even those will expire middle of next year, along with my PO 3% account.

innovate

The best currently available savings accounts are a few current accounts. Easy to find.

Gromitt

But only work upto about 38K. Will Santander even allow you to have multiple 123 accounts? If so you'd still have to pay the £2/month, so £24/year coming off your interest after tax straight away. So about 2.8%. Still decent I suppose, considering.

innovate

Gromitt wrote: »

But only work upto about 38K. Will Santander even allow you to have multiple 123 accounts? If so you'd still have to pay the £2/month, so £24/year coming off your interest after tax straight away. So about 2.8%. Still decent I suppose, considering.

38K?
3 x Llloyds Vantage = 15K, or 18K if you were there for the 4% deal
3 x BoS Vantage = 15K
1 x Santander = 20K

So 50K at least. And unless you need to spend the money anytime soon, having more than 50K in cash might not be too sensible.

I haven't tried it, but I would think you can have more than 1 123. Nothing in the T&Cs that says you can't - - though they might have some 'policy' that doesn't allow it. I could easily split my cashback-earning DDs over 3 123s, to stay over the £2/mth charge. Though I do admit, it would become a bit tedious, lol. And as you say, 2.8% would still be quite decent atm.

ses6jwg

You can have multiple 123 accounts but must meet all the T&Cs

Gromitt

Ah yes, forgot about the BoS vantage.

I do have more than 50K in cash, I really should find somewhere else for it. I don't really need it.