Regularly Beat the Best Savings Account Rates Discussion Area

bristolleedsfan

majc27 wrote: »

HI All,
Where is the best place for 40k?Need to be able to get to it.Already have ISAs for me and the wife.
Thanks....
MAJC27

if u dont need the funds for 12 months then a 1 year fixed rate bond would be better than feeding into an account that is no higher and may be lower than a 1 year fixed rate bond.

http://www.moneyfacts.co.uk/savings/bestbuys/fixed-rate-savings-accounts.aspx

tonytb_2

Hi Guys,

am very new to this site and find it quite confusing,

where can I find the best savings rates, who gives the best for overseas workers / living abroad.

regards

Tony

Jonbvn

tonytb wrote: »

Hi Guys,

am very new to this site and find it quite confusing,

where can I find the best savings rates, who gives the best for overseas workers / living abroad.

regards

Tony

Hi,

A&L IOM are now paying 6.51% on their esaver

http://www.alil.co.im/default.aspx?bhcp=1

littlemissmoney

Hi

I thought you guys might be interested in this thread:

http://forums.moneysavingexpert.com/showthread.html?t=582664

A&L are offering a 14% regular saver to exisiting customers IF you take out some life cover. If you are fairly young then taking out a low term assurance will be cheap so it *might* be worth considering? Or if you want life cover anyway and it's a fairly comptetative price?

electromagnet

im also not sure what he means ?

skyepark

icici are offereing 6.85% apr on 12months fixed term deposit and 6.76% apr on 6months. you need to already have an hisave account with them they will process your request for a fixed term discount in 3 days.

hazel_rabbit

Icici bank are taking 7 to 10 days to post me a password -from India!. Also Which magazine Nov 07 say that icici deposits are not guaranteed by the Bank of England. Is this true
Hazel Rabbit

Stephenbw

Does anyone know what happens once the £20,000 limit is reached in the YBS Regular Saver account?

i.e. Can you just keep the money in, and will it still pay the 7.1%?

The T&Cs say you have to pay in 11 months out of 12 to get the higher interest rate, but you can't do this if you've reached the £20k limit.

RayWolfe

No, you can't go over 20K.
So you have to reduce your payments before you reach the limit and/or make a withdrawal.

Stephenbw

I realise you can't exceed £20k, but can you not just stop making payments when you reach it and continue to get 7.1% (or whatever the rate is at the time)?

Or do you have to use the reduction/withdrawal method?