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

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  • racing_blue
    racing_blue Posts: 961 Forumite
    Current return on cash 2.34% net

    This is a weighted average of fixed rate cash ISAs, variable rate cash ISAs and some cash which is just sitting there at 0% in my trading accounts.

    It's not stellar, but I'm happy that it trumps my borrowing rate of 1.99% (mortgage fixed until 2020)
  • jimjames
    jimjames Posts: 18,657 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    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...
    Nope, the only requirement is to pay £300 in, not leave it there. I'm still getting £10 per month.
    Remember the saying: if it looks too good to be true it almost certainly is.
  • slopemaster
    slopemaster Posts: 1,581 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    jimjames wrote: »
    Nope, the only requirement is to pay £300 in, not leave it there. I'm still getting £10 per month.

    Thank you.
    Rate on my £1 is now 120% for the rest of the year
    (and rate on the other £299 is 4% in Lloyds)
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