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

TheTracker

3.78% on £53400 and 3.59% on £70000.

All sole accounts.
Including Reward (Halifax £5).
Not including fee (Santander) and not cashback (Santander and TSB). Cashback more than pays for fee.
Not including Nationwide Flexdirect as 5% only every second year. If I do include it then it is 3.83% on £55900 and 3.64% on £72500.
I have 2 x TSB accounts, I think you can now only apply for one.
I have 2 x Santander 123 accounts, I think you can now only apply for one.
Not including Nationwide Flexdirect as 5% only every second year. If I do include it then it is 3.83% on £55900 and 3.64% on £72500.

veryintrigued

TheTracker wrote: »

3.78% on £53400 and 3.59% on £70000.

Combination of Current and Regular Savers.

Including Reward (Halifax £5).
Not including fee (Santander) and not cashback (Santander and TSB). Cashback more than pays for fee.
Not including Nationwide Flexdirect as 5% only every second year. If I do include it then it is 3.83% on £55900 and 3.64% on £72500.

Healthy % those - net or gross though?

TheTracker

veryintrigued wrote: »

Healthy % those - net or gross though?

Both. But Gross really. For the last couple of years I've offset my cash/p2p interest income tax with EIS/VCT.

No magic, just the usual suspects! (Current: TSBx2, Lloyds, BOSx3, Tescox2, plus Santander123 to feed the RS which are FD, M£S, HSBC, Lloyds, TSB, NW).

veryintrigued

TheTracker wrote: »

Both. But Gross really. For the last couple of years I've offset my cash/p2p interest income tax with EIS/VCT.

No magic, just the usual suspects! (Current: TSBx2, Lloyds, BOSx3, Tescox2, plus Santander123 to feed the RS which are FD, M£S, HSBC, Lloyds, TSB, NW).

Ok - same for me on the net/gross interest.

Assume the two figures are you and your OH?

TheTracker

veryintrigued wrote: »

Ok - same for me on the net/gross interest.

Assume the two figures are you and your OH?

No, just for me. Just two ways of looking at the same pot at different thresholds. I have much more cash than this, but the overall rate drops past 70kish since it is in sub 2% accounts. I still miss my 5x Lloyds vantage and 3x TSB vantage.

veryintrigued

TheTracker wrote: »

No, just for me. Just two ways of looking at the same pot at different thresholds. I have much more cash than this, but the overall rate drops past 70kish since it is in sub 2% accounts. I still miss my 5x Lloyds vantage and 3x TSB vantage.

Right - gotcha - that makes sense now!

veryintrigued

Not visited this thread for a few months.

Just to re-cap this figure is across 20-30 accounts (Regular saver, instant, ISA, current accounts, fixed rate etc) on £75k+ (I'll avoid giving exact figure).

Am on 3.53% net on £75k+ (once again I'll avoid giving exact figure) but I have lots of accounts 'maturing' at the end of this month / start of next month - which I need to find a decent home for. This will hit the rate considerably.

Accounts nearing their 'maturity' on the horizon include:

HSBC regular saver - hopeful of being able to set up a new one.
Nottingham special saver 2 regular saver.
Chorley 18 month regular saver - big loss this one.
Saffron Walden Regular Saver ISA - again a good product.
Punjab ISA - fixed rate.
NS&I index cert - will almost certainly let this continue

slopemaster

I guess my average figure over a dozen accounts is about the same as yours.

But my best are
Halifax Reward, average balance £100, annual 'interest' 120 = 120%
HSBC Loyalty ISA, balance £300, annual 'interest' 120 = 40%

jimjames

slopemaster wrote: »

HSBC Loyalty ISA, balance £300, annual 'interest' 120 = 40%

Any reason you have £300 balance in HSBC? Mine is £1, makes £10 per month an even better return!

slopemaster

Oh, am I misremembering the terms then?
I thought I needed to leave the 300 in.
If not, I'll and it to my Club Lloyds or Tesco...