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Savings Accounts Guaranteed to Increase Rates (May '07)
Mr_Mumble
Posts: 1,758 Forumite
Yep, back again!
Please note: this list is for accounts with a guaranteed rate rise only. The list excludes accounts with guarantees below the base rate and accounts where there is a bonus rate of less than a year. All interest rates are Annual Equivalent (AER), not gross.
Easy Access Accounts
Account Name: Current % AER or raised rate --> Minimum rate rise or announced rise (rate guarantee expiry date)
Coventry BS Sixty-Plus Saver Issue 2 (including bonus): 6.25
Coventry First (including bonus): 6.10
IceSave Easy Access: 5.95 (1/10/09 br+0.25, 1/10/11 br)
ICICI Hisave: 6.05 (31/12/2007)
Derbyshire BS EasySave Tracker (including bonus): 5.70
Derbyshire BS LE Tracker Issue 3 (including bonus): 5.70
Yorkshire BS e-saver: 5.40 --> 5.50 ("for life")
Cheshire BS 50 Plus Freedom: 5.55 (31/12/10)
Capital One Base Beater Savings: 5.55 (01/07/10)
Nationwide BS Monthly Income 60+: 5.60 (31/1/11)
Britannia BS Direct Saver: 5.50 (31/7/07)
Newcastle BS Bond 55 yearly interest: 5.50 (5/4/10)
Northern Rock branch based Silver Savings: 5.50 (31/1/10)
Abbey 50+ Saver Issue 2: 5.75 (1/7/08)
Stroud and Swindon Branch Premier: 5.50 (30/09/08)
Egg Savings (see notes): 5.50 (31/12/07)
Notice Accounts
Coventry BS Sixty-Plus Saver Notice Issue 3 (including bonus): 6.10
Nottingham BS Postal Tracker 60 Issue 4: 6.05 (1/2/09)
Dunfermline Base Rate Tracker Issue 11: 5.75
Northern Rock Silver Savings 30: 5.54 (31/1/10)
Principality BS 60+ Monthly Income: 5.50 (1/1/09)
Catholic BS Ascension 45: 5.25 --> 5.50 ("always")
Limited Access or Withdrawals
Nottingham BS Postal Tracker 60 Issue 3&4: 6.05 (1/5/08)
Post Office - Instant Saver (including bonus): 5.75(1/1/08)
Heritable easy access issue 1 monthly interest: 5.76 (1/1/09)
Mansfield BS Postal Tracker Three Issue 2: 5.60
Bradford & Bingley Premier Tracker: 5.50 (31/1/08)
Halifax/BoS Guaranteed Saver: 5.50 (16/7/08)
Nationwide BS Loyalty Tracker Bond (50K+): 5.50 (2 year term)
Easy Access cash ISAs
NS&I Direct ISA: 6.05 (5/4/08)
National Counties BS Guaranteed ISA: 6.01 (5/4/08)
Abbey Direct ISA (including bonus) £9K+: 6.00 (1/5/08)
Derbyshire BS 55 Plus ISA issue 2: 5.90 (5/4/08)
Abbey Direct ISA (including bonus) <£9K: 5.75 (1/5/08)
IF Mini Cash ISA: 5.60 (31/12/07)
M&S Money ISA: 5.50 (31/12/07)
Saga Secure ISA £12K+: 5.50 (first 12 months)
Newcastle BS 55 ISA: 5.50 (5/4/10)
Notice Period cash ISAs
Dunfermline Base Rate Tracker ISA: 5.65 (30/06/08)
Notes:
Egg only guarantee their Egg Savings rate for those accounts opened before 1 January 2007.
The following accounts all have base rate guarantees but even with the Bank of England hike they still beat their guarantee:
Northern Rock Silver Savings Online (6.01%)
Heritable Bank 90 Day Notice Issue 4 (6.00)
Anglo Irish Bank 7 Day Notice (5.90)
Anglo Irish Bank Easy Access Deposit (5.85%)
Bradford & Bingley ESavings 3 (5.80%)
Heritable Bank easy access issue 1 Yearly interest (5.81)
Mansfield Building Society First Class Tracker Issue 7 (5.80%)
Alliance & Leicester Premier ISA (8.1%)
Egg Cash ISA (6.05%)
Bradford & Bingley ESavings ISA (5.80%)
Of course, these accounts may still see a rise in interest rate.
Request for info:
Need to know whether there are any closed accounts that still have guarantees.
Please mention any mistakes.
Please note: this list is for accounts with a guaranteed rate rise only. The list excludes accounts with guarantees below the base rate and accounts where there is a bonus rate of less than a year. All interest rates are Annual Equivalent (AER), not gross.
Easy Access Accounts
Account Name: Current % AER or raised rate --> Minimum rate rise or announced rise (rate guarantee expiry date)
Coventry BS Sixty-Plus Saver Issue 2 (including bonus): 6.25
Coventry First (including bonus): 6.10
IceSave Easy Access: 5.95 (1/10/09 br+0.25, 1/10/11 br)
ICICI Hisave: 6.05 (31/12/2007)
Derbyshire BS EasySave Tracker (including bonus): 5.70
Derbyshire BS LE Tracker Issue 3 (including bonus): 5.70
Yorkshire BS e-saver: 5.40 --> 5.50 ("for life")
Cheshire BS 50 Plus Freedom: 5.55 (31/12/10)
Capital One Base Beater Savings: 5.55 (01/07/10)
Nationwide BS Monthly Income 60+: 5.60 (31/1/11)
Britannia BS Direct Saver: 5.50 (31/7/07)
Newcastle BS Bond 55 yearly interest: 5.50 (5/4/10)
Northern Rock branch based Silver Savings: 5.50 (31/1/10)
Abbey 50+ Saver Issue 2: 5.75 (1/7/08)
Stroud and Swindon Branch Premier: 5.50 (30/09/08)
Egg Savings (see notes): 5.50 (31/12/07)
Notice Accounts
Coventry BS Sixty-Plus Saver Notice Issue 3 (including bonus): 6.10
Nottingham BS Postal Tracker 60 Issue 4: 6.05 (1/2/09)
Dunfermline Base Rate Tracker Issue 11: 5.75
Northern Rock Silver Savings 30: 5.54 (31/1/10)
Principality BS 60+ Monthly Income: 5.50 (1/1/09)
Catholic BS Ascension 45: 5.25 --> 5.50 ("always")
Limited Access or Withdrawals
Nottingham BS Postal Tracker 60 Issue 3&4: 6.05 (1/5/08)
Post Office - Instant Saver (including bonus): 5.75(1/1/08)
Heritable easy access issue 1 monthly interest: 5.76 (1/1/09)
Mansfield BS Postal Tracker Three Issue 2: 5.60
Bradford & Bingley Premier Tracker: 5.50 (31/1/08)
Halifax/BoS Guaranteed Saver: 5.50 (16/7/08)
Nationwide BS Loyalty Tracker Bond (50K+): 5.50 (2 year term)
Easy Access cash ISAs
NS&I Direct ISA: 6.05 (5/4/08)
National Counties BS Guaranteed ISA: 6.01 (5/4/08)
Abbey Direct ISA (including bonus) £9K+: 6.00 (1/5/08)
Derbyshire BS 55 Plus ISA issue 2: 5.90 (5/4/08)
Abbey Direct ISA (including bonus) <£9K: 5.75 (1/5/08)
IF Mini Cash ISA: 5.60 (31/12/07)
M&S Money ISA: 5.50 (31/12/07)
Saga Secure ISA £12K+: 5.50 (first 12 months)
Newcastle BS 55 ISA: 5.50 (5/4/10)
Notice Period cash ISAs
Dunfermline Base Rate Tracker ISA: 5.65 (30/06/08)
Notes:
Egg only guarantee their Egg Savings rate for those accounts opened before 1 January 2007.
The following accounts all have base rate guarantees but even with the Bank of England hike they still beat their guarantee:
Northern Rock Silver Savings Online (6.01%)
Heritable Bank 90 Day Notice Issue 4 (6.00)
Anglo Irish Bank 7 Day Notice (5.90)
Anglo Irish Bank Easy Access Deposit (5.85%)
Bradford & Bingley ESavings 3 (5.80%)
Heritable Bank easy access issue 1 Yearly interest (5.81)
Mansfield Building Society First Class Tracker Issue 7 (5.80%)
Alliance & Leicester Premier ISA (8.1%)
Egg Cash ISA (6.05%)
Bradford & Bingley ESavings ISA (5.80%)
Of course, these accounts may still see a rise in interest rate.
Request for info:
Need to know whether there are any closed accounts that still have guarantees.
Please mention any mistakes.
"The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.
0
Comments
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thisismoney's Has your savings rate risen? article is very useful to savers wishing to track savings rate increased.
According to Moneyfacts, Icesave's rate increases to 5.95% from May 18th.Please call me 'Kazza'.0 -
Great that NS&I Direct ISA rises with immediate effect. Anyone know when the Abbey Direct ISA will rise by 0.25%. It guarantees to match the rise but doesn't state how long it takes to react to base rate changes0
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THink most of them with guarantees have up to 28 or 30 days to increase. The better ones don't hang about...0
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Mr Mumble
Do you include in your list any online saving accounts?
Icesave have pledged today to increase theirs on the same day as the BOE base rate rise to 5.95% AER
see link:http://www.icesave.co.uk/breaking-news.html
They seem to be one of the few banks that automatically increase their rates.0 -
Icesave is in the list (4th one down in the Easy Access Accounts list). Mr Mumble don't miss much...
Icesave and NS&I have been consistently at the front in raising their rates so far - well recommended.0 -
Icesave have pledged today to increase theirs on the same day as the BOE base rate rise to 5.95% AER
see link:http://www.icesave.co.uk/breaking-news.html
Oh dear ... ICESAVE seems to have removed this rate announcement from the breaking news link this morning. Perhaps they're having second thoughts with 5.95% AER?0 -
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martyn4764 wrote: »No, it's there now, as well as on the front page :beer:
I'm a customer and today received an e-mail to confirm the rate rise too! :j0
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