Regularly Beat the Best Savings Account Rates Discussion Area

trashcan_2

Sorry only one pc.

Baldur

trashcan wrote: »

Sorry only one pc.

Local library? Internet cafe?

...if my computer fails and is at the menders for a couple of months like it has been in the past

Change your 'mender' - even if a computer is totally dead, a day or two (at most) is usually more than long enough to repair it or even completely rebuild it.

trashcan_2

Not when its under warranty. Mesh had mine for 2 months. i have had computers that have gone back to base and each time has been a month.
I think in future I won't bother with the warranty and take it to the local shop instead.

High_Peak_Lass

trashcan wrote: »

Not when its under warranty. Mesh had mine for 2 months. i have had computers that have gone back to base and each time has been a month.
I think in future I won't bother with the warranty and take it to the local shop instead.

Trashcan - a fellow sufferer of M*sh!!!

Ours broke in Jan - 8 months old and was taken away in March after not working since Feb, got it back eventually via threat of court action. Now it's broken again. This is the first time i've been on in days and days. Still waiting for a call.... i've probably jinxed it now and it won't work again:rolleyes:
I've luckily been able to log on in my luch break at work providing it's no longer than 5 mins. would've been screwed otherwise. We have no internet cafe here and the library shuts at 4.30!

~Chameleon~

My Lloyds 8% regular saver is coming to an end next month so now looking around for another one. I've got a regular saver with Nationwide (6% higher tier rate) but wondered if there were any better ones out there?

Also, looking for a good easy access account to place the money accrued in this account so I can drip feed a regular acc. Currently using Nationwide e-saver but noticed the rate has now dropped to 5.05% so surely there must be a better one available somewhere?

Would also prefer an online account for easy access

Cheers :beer:

DeepSporran

~Chameleon~ wrote: »

My Lloyds 8% regular saver is coming to an end next month so now looking around for another one. I've got a regular saver with Nationwide (6% higher tier rate) but wondered if there were any better ones out there?

This thread which user Special_Saver2 maintains should tell you all you need to know.

The Nationwide regular saver is not particularly good unless you need the flexibility of skipping payments and making withdrawals.

If you don't need the withdrawal flexibility, but would like to stick with the Nationwide, it has been pointed out on another thread that you might consider opening (every month) a new Nationwide 1 year e-bond, paying 6.6% at the moment. This technique is like a rolling 12 month regular saver.

The interest rate is better than your 6%, and though each new bond should really be kept for the full 12 months, you can withdraw early if necessary (though with a 90 day interest penalty.) You can obviously vary your monthly payment (or skip it entirely.)

~Chameleon~

DeepSporran wrote: »

This thread which user Special_Saver2 maintains should tell you all you need to know.

Thanks! This is the thread I was trying to find earlier but couldn't see it anywhere. I'm sure it used to be a sticky, not sure why it isn't now, but it really should be IMO

wenko

I walked past an A&L branch the other day, and the big 12% AER signs in the window caught my attention. It seems it's only available to new customers, and you have to open a Premier Current Account with them to qualify, but there's no monthly fee for this - unlike other banks premier current accounts. It has the usual regular saver account restrictions, but other than that it seems a really good deal compared with other banks.

Can anyone spot a catch that I'm missing, as I'm naturally suspicious of things that seem to good to be true?

English_Bob

No, its a good deal if you want to save regularly. However, if you have a lump sum to save, you'd get better interest else where as you can only save £250 per month max. Note the equivalent interest on this £3000 over the year is 6.5% (£195). If you have the £3000, you can get this elsewhere without the restrictions.
The premier cuurnt account needs £500 per month funding though.
A+L have had a few good deals, in April we got 10%ISA from them. Again funding £500 per month in a premier current account. We set up a standing order to move this £500 to another better current account as soon as it clears.
All these deals will convert to a much poorer interest rate after the one year term is up. So will need to switch then.

Bob

wenko

Thanks English Bob! I'm looking to save regularly - but hopefully this time next year I'll have a lump sum to save. Maybe I'll be lucky enough to land a 10% ISA then.