Savings Accounts: The Best Currently Available News!

innovate

ses6jwg wrote: »

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

How many? .................................................

lightbulb2760

NatWest's e-savings account is currently 1% variable without bonus, but is offering existing customers a fixed-rate bonus of 0.75% for a year, giving a rate of 1.75%. This is available to existing customers by invitation only, and may be applied for online.

alanq

I'll have to watch out for that and if possible open one with a nominal sum. I have a 3%+ NatWest eSaver going out of bonus today. I opened a 2.75% eSaver with a nominal amount in October that I will be moving my funds into. By the time that bonus expires 1.75% may look attractive!

lightbulb2760

From today Nationwide has increased its rate from 2% to 5% on its FlexDirect current account on balances up to £2500. This is fixed until 1st March 2014, after which the rate will drop to 1%.

In other changes the £5 underfunding fee is scrapped, although the requirement to deposit £1000 per month from external sources remains. Any arranged overdrafts will now be fee-free until 1st March 2014, and will then be charged at 50p per day, reduced from the previous £1 a day.

Alex92_2

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.

If you sign up to 123 accounts using a cashback like quidco or something along those lines, you get like £55 cashback, which covers more than 2 years worth of charges from them. Do that!

lightbulb2760 wrote: »

From today Nationwide has increased its rate from 2% to 5% on its FlexDirect current account on balances up to £2500. This is fixed until 1st March 2014, after which the rate will drop to 1%.

In other changes the £5 underfunding fee is scrapped, although the requirement to deposit £1000 per month from external sources remains. Any arranged overdrafts will now be fee-free until 1st March 2014, and will then be charged at 50p per day, reduced from the previous £1 a day.

Does anyone know how many accounts you can open with them yet? I may give them a call tomorrow morning or pop down to branch.

beansy

Alex92 wrote: »

If you sign up to 123 accounts using a cashback like quidco or something along those lines, you get like £55 cashback, which covers more than 2 years worth of charges from them. Do that!


Does anyone know how many accounts you can open with them yet? I may give them a call tomorrow morning or pop down to branch.

There is another thread on this but be aware I was told in branch today that they are bringing a fee paying Flex account with many more benefits on 11 March, details should be released next week!

Gromitt

beansy wrote: »

I was told in branch today that they are bringing a fee paying Flex account with many more benefits on 11 March, details should be released next week!

From research we know that some of the extras (presumably the ones you are paying for) will be to offer your various insurances, kinda like most other banks are doing, so I wouldn't get too excited.

I have applied and got my sort code and a/c number for my 5% FlexDirect account however.

Alex92_2

beansy wrote: »

There is another thread on this but be aware I was told in branch today that they are bringing a fee paying Flex account with many more benefits on 11 March, details should be released next week!

Cant imagine that the benefits will be any different to that of the usual banks. My dads bank covers me for phone bill and world wide travel insurance and breakdown cover, so there wont be any point in me paying £XX per month for the benefits that I already get via my dad.

Unless they start offering free car insurance, or free rent then I will stick to the free accounts, giving me the most interest

Ader1

Oh my word, I had an eSaver account at Santander and my bonus period has long expired. This is what they said:

"I can confirm the interest rate on your eSaver Issue 4 account is currently 0.50% Gross AER including the bonus.
The bonus period expired on 27/09/2012.
The bonus period lasts for 12 months from the date the account is opened."


Silly me. Do you guys think that the Santander 123 Account I've seen mentioned here would be a good choice? I may need the money at fairly short notice as a house deposit. I've more than 38 K in the eSaver account at present. Thanks.

innovate

The Santander 123 is a good alternative (currently 3% AER, variable) for up to £20K. The interest rate is variable, and it costs £2/mth. Many people can get more in cashback than £2 a month. Look for the 123 threads for more info.