40K in savings - Is it worth changing account from 3.1% to 3.2%

oldvicar

Competition for deposits seems to be hotting up amongst needy banks, so you could wait e.g. for Post Office / BoI to add 0.05% to their rates, making 3.22%. And so on ...

kostigovs

Smi1er wrote: »

But it means you will then have to deal with Santander. An extra £320 pa wouldn't even convince me to do that

I've never had a problem with any of my Santander accounts

societys_child

calisto wrote: »

Not to forget, Santander is one of the Spanish banks in crisis.

Sandander UK is not a Spanish bank and is actually in a better position than some of our other UK banks.

I remember the stuff that happened with Icesave. I thought I got all my money out before the inevitable, but the yearly accumulated interest stayed in. I eventually got it, but with no interest on the interest that took me months to get back.

Icesave was not a UK bank

That reminds me, I have £50k in the Irish banks via Post-Office. I will be moving that back onshore quicksharp.

D'oh

The Post Office is protected