Just for fun - whats your average interest rate across savings?

veryintrigued

I've just had a play around with a spreadsheet I keep.

Across around 20 accounts (Regular saver, instant, ISA, current accounts, fixed rate etc) I've worked out what I'm getting.

I've ignored a couple of RPI and Stock Market prediction type of accounts.

My magic number that I come out with is 4.5% before tax.

Hows everyone else doing in these tricky times?

kidmugsy

Until the end of October we're doing very nicely. And then starts a multi-year saga of maturing accounts, sodit.

Reaper

It's a bit hard to average out as some are regular savers. Also you quote pre-tax but that would undervalue my 5% ISA (I'll be sorry to see that come to an end).

Broadly though everything apart from my Easy Access account pays 4.3% - 8%

veryintrigued

Reaper wrote: »

It's a bit hard to average out as some are regular savers. Also you quote pre-tax but that would undervalue my 5% ISA (I'll be sorry to see that come to an end).

Broadly though everything apart from my Easy Access account pays 4.3% - 8%

Bit lost there?

Old_Slaphead

Currently (no RSs) 3.81%. Last week it was 4.02%. I expect it to fall to around 2% by EOY

100saving

My Accounts:
Barclays Cash ISA - £8530 @ 2.25% - Tax Free
Nationwide FlexDirect - £2000 @ 5% - 20% Tax
First Direct Regular Saving Account - £300 @ 6% - 20% Tax


Mine is 4.41% before tax.

Reaper

veryintrigued wrote: »

Bit lost there?

Yes, you are right there is no reason I can't use the current balance. OK I have done the calculation for everything and it comes out at 4.6%

That will steadily drop from September onwards though as the best ones start to expire.

veryintrigued

Old_Slaphead wrote: »

Currently (no RSs) 3.81%. Last week it was 4.02%. I expect it to fall to around 2% by EOY

If thats true its very sobering!

BeachNut

100saving wrote: »

My Accounts:
Barclays Cash ISA - £8530 @ 2.25% - Tax Free
Nationwide FlexDirect - £2000 @ 5% - 20% Tax
First Direct Regular Saving Account - £300 @ 6% - 20% Tax


Mine is 4.41% before tax.

Shouldn't that be 3.06% ? 331.25 pa on 10,830.

SnowMan

My average is 4.4% pa (before tax), made up of a weighted average of thee rates

Newcastle 90 day notice account - 5%
Newcastle 180 day notice account - 4.4%
Northern Rock 180 day notice account - 4.3%
National Counties 99 days notice ISA - 3.7%
Cheshire 18 month fixed term ISA - 4%
First Direct regular saver - 8%
First Direct bank account - 0%
Nat West e saver - 2.85%

My average will decrease to around 4.1% after my Newcastle 90 day notice account matures in July 2014.

veryintrigued

SnowMan wrote: »

My average is 4.4% pa (before tax), made up of a weighted average of thee rates

Newcastle 90 day notice account - 5%
Newcastle 180 day notice account - 4.4%
Northern Rock 180 day notice account - 4.3%
National Counties 99 days notice ISA - 3.7%
Cheshire 18 month fixed term ISA - 4%
First Direct regular saver - 8%
First Direct bank account - 0%
Nat West e saver - 2.85%

My average will decrease to around 4.1% after my Newcastle 90 day notice account matures in July 2014.

My accounts:

N&P Gold saver 5% (ending soon!)
Saffon 4% (ending soon - but hope to renew)
Nationwide ISA 4.25%
Nationwide RS 6%
Nottingham BS celebration RS 6%
Post office instant saver 2.1%
First Direct R.S 8%
First Direct deposit 2.3%
Halifax ISA 3.1%
Nationwide Flex direct C.A x 4
First Save deposit 3.8%
Leeds online ISA 2.55%
N&P family 5% R.S
Nottingham Summer celebration R.S 5%
First save deposit 2.6%
Punjab International deposit 3.9%
Nationwide esaver
Nottingham R.S 3.1%
Ulster R.S 2.5%
Post Office instant 0.9%